TSLA433.5907.58%
GM79.7901%
F15.3250.395%
RIVN14.3900.17%
CYD59.0401.69%
HMC26.420-0.05%
TM190.0901.01%
CVNA70.1501.87%
PAG166.5901.86%
LAD283.0506.47%
AN191.7601.78%
GPI329.6303.45%
ABG190.0202.3%
SAH78.6900.53%
TSLA433.5907.58%
GM79.7901%
F15.3250.395%
RIVN14.3900.17%
CYD59.0401.69%
HMC26.420-0.05%
TM190.0901.01%
CVNA70.1501.87%
PAG166.5901.86%
LAD283.0506.47%
AN191.7601.78%
GPI329.6303.45%
ABG190.0202.3%
SAH78.6900.53%
TSLA433.5907.58%
GM79.7901%
F15.3250.395%
RIVN14.3900.17%
CYD59.0401.69%
HMC26.420-0.05%
TM190.0901.01%
CVNA70.1501.87%
PAG166.5901.86%
LAD283.0506.47%
AN191.7601.78%
GPI329.6303.45%
ABG190.0202.3%
SAH78.6900.53%

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Nikola

Nikola acquires EV battery pack supplier Romeo Power for $144 M

- August 2, 2022
Electric heavy truck maker Nikola announced on Monday that it had reached a $144 million agreement to buy EV battery pack supplier Romeo Power, giving the business control over a vital link in...

CBT automotive newscast: August 2, 2022

- August 2, 2022
Inside Automotive: How manager Erikka Tiffani Wells is modernizing sales training at her car dealership Sales training today looks significantly different than it did just a few years ago, and it’s high...
rivi

General Motors offering Green Bonds to finance sustainability projects

- August 1, 2022
For the first time ever, General Motors has offered green bonds, joining its rivals in utilizing the sustainable debt market to finance the switch to electric vehicles in order to compete with Tesla....
climate action

Manchin, Schumer reach surprising deal on hefty climate action bill

- August 1, 2022
In a surprise turn of events, Senate Majority Leader Chuck Schumer and Senator Joe Manchin announced a deal that includes $369 billion for energy and climate action initiatives with the goal of...

CBT automotive newscast: August 1, 2022

- August 1, 2022
Inside Automotive: Sonic Automotive President Jeff Dyke discusses powerful Q2 2022 performance Sonic Automotive has announced all-time record revenues and gross profit for the second quarter. The fortune 500 company based in...
Ford CEO Jim Farley in front of Ford logo

Ford Q2 earnings surpass expectations, raises shareholder dividend 50%

- July 29, 2022
Despite trouble with the global supply chain, Ford's adjusted earnings has tripled from a year ago to $3.7 billion as it increases deliveries. After the news was released, company shares were up 6%. Ford...
Rivian

Rivian confirms at least 800 layoffs, shifts focus to accelerating production

- July 29, 2022
Amy Mast, a spokesperson for Rivian Automotive, has confirmed in an email that at least 6% or 800 out of 14,000 of its employees will be laid off to speed up the...

CBT automotive newscast: July 29, 2022

- July 29, 2022
Inside Automotive: Supply chain problems still hindering auto sales—Is there an end in sight? We know that successful dealership operations largely rely on strong vehicle sales, but manufacturers cannot produce enough cars...
loan

Dept. of Energy to loan $2.5 billion to GM and LG Energy Solution joint venture

- July 27, 2022
The Department of Energy's Advanced Technology Vehicles Manufacturing Program (ATVM) was created by Congress under the administration of former President George W. Bush and has been dormant since 2010, until now. Congress established...

LG Chem deal will supply General Motors cathode material for 5 million EVs

- July 27, 2022
General Motors needs about 950,000 tons of cathode active materials (CAM) to reach its goal of becoming a carbon-neutral company by 2040. To get the 950,000 tons necessary to build electric...