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Zacks News
Ford's (F) Valencia Unit to Enhance EV Efforts in Europe
by Zacks Equity Research
Ford (F) spearheads the electrification drive in Europe with the newly selected Valencia plant in Spain and its ongoing investment of $2 billion in Cologne, Germany.
Tesla (TSLA) to Cut 10% Salaried Jobs, Raise Hourly Staffing
by Zacks Equity Research
Tesla (TSLA) to lay off 10% of its salaried workforce. It will add to its hourly headcount instead, as its expansion has been beyond the requirement.
General Motors' (GM) BrightDrop Supplies 150 E-Vans to FedEx
by Zacks Equity Research
General Motors' (GM) tech startup BrightDrop delivers the first e-delivery vehicles to FedEx. GM will suspend production of its Hummer EV unit in Michigan for four weeks due to re-modeling work.
Michelin (MGDDY) & Hyundai Ink Deal for Sustainable EV Tires
by Zacks Equity Research
Michelin (MGDDY) extends its partnership with Hyundai to produce premium eco-friendly tires for the latter's EVs.
NIO Introduces Premium EV ES7 in China as its Fastest SUV
by Zacks Equity Research
NIO unveils its fastest SUV, ES7, in China. The vehicle comes with ultra-modern features and seeks to provide a path-breaking experience.
General Motors (GM) Increases High-End Hummer EV's Price
by Zacks Equity Research
General Motors (GM) raises Hummer EV's price, which already has a high price value, in the face of severe cost inflation in raw material, parts and technology and logistics.
Tesla (TSLA) Hikes Prices of EVs Again, Model X Up by $6,000
by Zacks Equity Research
Tesla (TSLA) issues price increases once again on the back of growing inflation and supply chain roadblocks. The price of its Model X goes up as much as $6,000.
General Motors (GM) to Invest $81M in Premium Cadillac Celestiq
by Zacks Equity Research
General Motors (GM) to invest $81 million in the Cadillac Celestiq electric cars to pivot the brand among the top-notch EV providers in the auto industry.
Ford (F) Recalls Nearly 3M Vehicles in US Over Gear Issues
by Zacks Equity Research
Ford (F) issues recall of nearly 3 million vehicles in the United States on malfunctioning gear that makes parked vehicles roll over and increase the chances of accidents.
Ford (F) Recalls 48K+ Mustang Mach-E in US Over Battery Hitch
by Zacks Equity Research
Ford (F) issues recall of more than 48K Mustang Mach-E vehicles in the United States on grounds of battery overheating that can lead to potential power loss and increase the chances of accidents.