Monday, January 17th, 2022

Tag: Motors

Victory Automotive, Brandon Steven Motors & Putnam Automotive buy dealerships in California; Griffin Auto acquires Georgia store

Putnam Automotive Dealer Group of Burlingame, Calif., added Honda to its growing portfolio of brands in mid August when it purchased Primo Honda in San Carlos, Calif. The transaction closed Aug. 18 after the...

General Motors: Heated seats could be retrofitted by mid-’22

The ability to retrofit the vehicles is good news for dealers who are about to spend the winter persuading customers paying upward of $40,000 to forego a coveted and increasingly common feature. “Once you...

Joe Biden, visiting General Motors plant in Detroit, says U.S. will overtake China in EVs

DETROIT — The U.S. will surpass China to lead the charge in electric vehicles, President Joe Biden said Wednesday at the opening of General Motors’ EV plant in Detroit, Factory Zero.If the U.S. stops...

Lucid Motors CEO targeting factory expansion in China, Middle East

Lucid Motors CEO Peter Rawlinson told CNBC’s Jim Cramer on Tuesday that the start-up has plans to build factories outside the U.S. The California-based electric vehicle maker’s flagship facility is in Casa Grande, Arizona,...

Stocks making the biggest moves after hours: Lordstown Motors and more

Workers install door hinges to the body shell of a prototype Endurance electric pickup truck on June 21, 2021 at Lordstown Motors’ assembly plant in Ohio. Michael Wayland / CNBC Check out the stocks...

Lordstown Motors delays launch of electric pickup, citing supply-chain issues

DETROIT — Lordstown Motors Corp. on Thursday delayed next year’s launch of its Endurance electric pickup truck by a quarter, citing parts and materials shortages and other supply-chain issues. The Ohio-based electric vehicle startup,...

Lordstown Motors delays EV pickup production due to supplier issues

The Lordstown Motors Corp. Endurance electric pickup truck sits on stage during an unveiling event in Lordstown, Ohio, U.S., on Thursday, June 25, 2020. Matthew Hatcher | Bloomberg | Getty Images Commercial production and...

Foxconn buys Lordstown Motors’ old GM factory for $230 million

Lordstown Motors gave rides in prototypes of its upcoming electric Endurance pickup truck on June 21, 2021 as part of its “Lordstown Week” event. Michael Wayland / CNBC Taiwan-based electronics manufacturer Foxconn is moving...

Rivian IPO proves General Motors is undervalued, says GM CEO

GM Chair and CEO Mary Barra addresses investors Oct. 6, 2021 at the GM Tech Center in Warren, Michigan. Photo by Steve Fecht for General Motors The massive valuations of electric vehicle start-ups such...