GM investing $920 million in Ohio diesel engine plant

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General Motors (GM) hires former Google exec Lin-Hua Wu as CCO

June 22, 2023 3:14 PM EDT

General Motors (NYSE: GM) revealed Thursday that the company has appointed former Google (NASDAQ: GOOG) executive, Lin-Hua Wu as senior vice president and chief communications officer. Wu replaces Craig Buchholz, who left the automaker May 1, said... More

Rivian (RIVN) owners poll shows overwhelming support for NACS adoption

June 22, 2023 1:09 PM EDT

American electric vehicle maker Rivian (NASDAQ: RIVN) announced earlier this week that the company will be joining fellow automakers Ford (NYSE: F) and General Motors (NYSE: GM) in adopting Teslas (NASDAQ: TSLA) North American Charging Standard (NACS).

A look at the companys owners forum reveals a strong consensus among owners and enthusiasts of the electric vehicle manufacturer's trucks in... More

Ford (F), SK joint venture to receive $9.2B federal loan for EV battery plants

June 22, 2023 9:56 AM EDT

The U.S. department of energy revealed Thursday their intention to loan up to $9.2 billion in federal funds to a joint venture of Ford Motor (F) and SK On to help finance construction of three new battery manufacturing plants in Tennessee and Kentucky.

The government's Advanced Technology Vehicles Manufacturing (ATVM) loan... More

A Railcar shortage is slowing auto deliveries

June 21, 2023 8:55 AM EDT

A recent report from the Detroit Free Press highlighted the challenges faced by automobile manufacturers in delivering new vehicles, attributing the constraints to difficulties in sourcing rail cars. According to the article, by the end of May, approximately 70,000 new vehicles were awaiting shipment from production facilities across the industry. Additionally, due to the widespread challenges, the stall in production resulted in the... More

BTC Power joins rivals in adopting Tesla's (TSLA) NACS

June 20, 2023 2:43 PM EDT

In an exclusive story, Reuters reports Tuesday that privately-owned BTC Power will add Tesla's (NASDAQ: TSLA) North American Charging Standard (NACS) connection to its electric vehicle chargers starting next year.

The move follows several rival charging companies like ChargePoint (NASDAQ:... More