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GM acquires software startup, Algolion to detect early battery defects
June 30, 2023 1:49 PM EDTGeneral Motors (NYSE: GM) announced Friday that the automotive company has acquired Israel-based Algolion Ltd, a software startup that helps detect problems in batteries.
GM said Algolion's software will help the Detroit automaker bring to the market a "cost-effective" early hazard detection... More
Deutsche Bank expects continued strength in June auto sales
June 30, 2023 9:20 AM EDTThe auto industry is gearing up to announce their sales figures for June, and according to Deutsche Bank, there is an anticipation of the US light vehicle SAAR reaching approximately 15.5 million units. This would mark an increase from May's 15.1 million units, mainly attributed to more favorable seasonal factors. Moreover, the projected figure for June 2023 is notably higher than June 2022, which stood at 13.2 million units.
Analyst, Emmanuel Rosner wrote in a note, We expect June US light vehicle SAAR to come in around 15.5m units, up from 15.1m in May... More
Polestar (PSNY) to adopt Tesla's (TSLA) NACS in US and Canada
June 29, 2023 9:51 AM EDTSwedish automaker, Polestar (NASDAQ: PSNY) announced Thursday that they have signed an agreement with Tesla (NASDAQ: TSLA) to adopt the North American Charging Standard (NACS), allowing access to Teslas expansive Supercharger network for all Polestar drivers in the United States and Canada.
The press release detailed the companys plans to include the... More
