Tesla (TSLA) follows GM and Ford (F), slows EV ramp as demand drops

Honda, GM and Cruise Plan to Begin Driverless Ridehail Service in early 2026

TOKYO, Oct 19, 2023 - (JCN Newswire) - - Cruise, General Motors Company (GM) and Honda Motor Co., Ltd. (Honda) today announced that they have entered into a Memorandum of Understanding aiming to establish a joint venture which will begin a driverless ridehail service in Japan in early 2026. The three companies aim to establish this new company in the first half of 2024 pending regulatory approvals.

Overview of the service

With this new service, the Cruise Origin, jointly developed by GM, Cruise and Honda and purpose built for a driverless ridehail service, will come pick up the customers at a specified... More

Cruise, GM and Honda to Bring Driverless Ridehail Service to Japan

Starting early 2026, the service will leverage the Cruise Origin, designed in collaboration with GM and Honda

TOKYO, Oct. 18, 2023 /PRNewswire/ -- From the beginning, Cruise's mission has been to improve road safety, reduce emissions, and reduce congestion. As we work toward our goal of delivering our driverless tech to more people in more places, Cruise, alongside GM and Honda, has entered into a memorandum of understanding to establish a new joint venture (JV) to provide driverless ridehail service in... More

Tesla Releases Third Quarter 2023 Financial Results

AUSTIN, Texas--(BUSINESS WIRE)-- Tesla has released its financial results for the third quarter of 2023 by posting an update on its Investor Relations website. Please visit... More

Ford Bringing Together Worldwide Industrial Capabilities, Completing Sequence of Steps to Ramp Up Ford+ Growth

Kumar Galhotra leads Fords global industrial system as COO, with vehicle hardware engineering, gas and hybrid programs, cycle planning, supply chain and manufacturing Doug Field continues to oversee worldwide electric vehicle programs, development of EV technologies and digital platforms, and Fords design studios Andrew Frick becomes president, Ford Blue, the customer-centered gas and hybrid business a counterpart to Marin Gjaja in Ford Model e, Ted Cannis in Ford Pro

DEARBORN, Mich.--(BUSINESS WIRE)-- Ford is laying the last cornerstone in a series of organizational changes for its Ford+ growth... More

Ford Motor Company Board Declares Dividend for Fourth-Quarter 2023

DEARBORN, Mich.--(BUSINESS WIRE)-- The board of directors of Ford Motor Company today declared a fourth-quarter regular dividend of 15 cents per share on the companys outstanding common and Class B stock.

The dividend is payable on Dec. 1 to shareholders of record at the close of business on Nov. 1.

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Lucid Announces Q3 Production & Deliveries, Sets Date for Third Quarter 2023 Results

NEWARK, Calif., Oct. 17, 2023 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), setting new standards for luxury electric experience with the Lucid Air, winner of the 2023 World Luxury Car Award, today announced production and delivery totals for the quarter ended September 30, 2023. Lucid produced 1,550 vehicles during Q3, plus over 700 additional vehicles in transit to Saudi Arabia for final assembly. The company delivered 1,457 vehicles during the same... More