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LORDSTOWN MOTORS
EV startup founders made big claims, now one could go to prisonA federal judge in Manhattan will sentence Trevor Milton, founder and former CEO of the truck company Nikola, after a jury found him guilty...- US EV startup Lordstown files for bankruptcy, sues FoxconnFoxconn's parent company, Hon Hai Technology Group, said in a statement that it had maintained a "positive attitude" during negotiations wi...
- Lordstown Motors files bankruptcy, sues FoxconnFoxconn previously invested about $52.7 million in Lordstown as part of the agreement, and currently holds a roughly 8.4% ownership stake i...
- Faraday Future plans reverse stock split and delays EV deliveriesFaraday Future Intelligent Electric plans to execute a reverse stock split to comply with Nasdaq's minimum bid-price requirements, as the e...
- Electric-vehicle startups set to extend blistering rallyThe winning streak has come without any apparent news or catalyst for the companies, leading several analysts and traders to point to a pot...
- Electric truck maker Nikola plunges 5% on receiving delisting noticeNikola has been trying to raise cash for operations by selling equity, like other electric vehicle (EV) firms, in a turbulent market, and o...
- US electric vehicle startups set for another quarter of steep cash burnHaving gone public with hopes of shaking up the automobile industry, these companies have seen their market valuations evaporate in the pas...
- After 4 US price cuts, Tesla raises cost for older modelsThe lowest-price Model S now starts at USD 87,490, while the base price for the X is USD 97,490, according to Tesla's website early Friday....
- Foxconn races to become an EV player and the clock is tickingThe Taiwanese contract manufacturer faces competition in the market for creating white-label EVs that can be tailor-made for clients, wheth...
- Nvidia, Foxconn to build autonomous vehicle platformsTaiwanese contract manufacturer Foxconn said it will manufacture electronic control units (ECUs) for cars based on Nvidia's DRIVE Orin chip...
- ‘Dash for trash’ fuels big bounce for money-losing growth stocksAsana Inc., an unprofitable software maker, was among this week’s winners. The San Francisco-based company’s shares jumped 27%. Electric pi...
- S&P 500, Nasdaq hit record closing peaks on eve of Fed meetingAny shift in the Fed's dovish rhetoric could upend equity markets. The S&P benchmark has climbed 13.1% this year, while the Dow and the Nas...
- Tesla shares stage tepid recovery on ‘buy the dip’ bounceThe day-trader favorite rose as much as 3.7% to $724.86 in New York, rebounding from the 12% slide the previous four sessions.
- Timeline of Donald Trump's activities in week coronavirus hit homeTrump tweeted early Friday that he and first lady Melania Trump had tested positive for the coronavirus.
- GM to boost output due to clunkers incentivesThe Cobalt, GM's highest-mileage car at up to 37 mpg (16 kpl) on the highway, once was among the top 10 vehicles on the ``cash for clunkers...
- GM to boost output due to clunkers incentivesGeneral Motors Co. will announce increased hours at several factories due to rising sales from the government's Cash for Clunkers program.
- GM to lay off 2,000 more workers at 3 factoriesThe worsening US auto sales slump claimed another 2,000 workers as GM Corp announced layoffs at 3 more car factories.
- GM to extend holiday shutdown, will cut productionGeneral Motors Corp will extend its holiday shutdown or make other production cuts at five factories at as it deals with a continued US aut...
- Failure of auto industry could set off catastropheIndustry supporters are offering such grim predictions as Congress weighs whether to bail out the nation's largest automakers, which are st...
- 3,600 GM workers to be indefinitely laid offGeneral Motors Corp says about 3,600 workers will be laid off indefinitely beginning early next year as the automaker slows down production...
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