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Fisker Shares Surge on Electric Car Deal With Apple iPhone Assembler Foxconn
Shares of electric vehicle start-up Fisker surged more than 20% in trading Wednesday morning after the company announced a manufacturing deal with Foxconn
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Former Tesla Exec Signs New Recycling Deal as Battery Costs Soar
The booming EV plans may mean the industry has to look at recycling batteries as a new source for key minerals.
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Billionaire Investor Rakesh Jhunjhunwala Reveals How He's Playing India's Electric Vehicle Market
The billionaire investor said he is a large shareholder in Tata Motors and is betting the firm will be a big winner in India’s electric vehicle market.
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Kia Unveils 2022 Carnival as New SUV-Inspired Minivan With VIP Lounge Seating
Kia Motors is replacing its Sedona minivan with a new SUV-inspired model called the Carnival beginning in the second quarter of this year.
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Tesla Drops as Much as 13%, Turns Negative for the Year
Tesla stock slid again as investors rotated out of high-flying tech names.
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Workhorse Group Drops Nearly 50% After EV Company Is Passed Over for USPS Contract
Shares of Workhorse Group dropped more than 50% at one point on Tuesday after the company was passed over for a key contract from the U.S. Postal Service.
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Lucid Motors ‘Humbly' Embarks on the Difficult Task of Mass Producing Its Electric Cars, CEO Says
In a CNBC interview, Lucid Motors CEO Peter Rawlinson acknowledged the company must get its luxury sedan into production to “truly drive” shareholder value.
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High-Profile SPAC Craters After Announcing Plan to Merge With Electric Car Company Lucid
Lucid plans to go public through a reverse merger with a blank-check company started by veteran investment banker Michael Klein.
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New Zero-Emission Buses Set to Be Trialed on UK Roads
Electric vehicle manufacturer Arrival is setting up facilities in the U.S. and U.K.
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Tesla Suffers Its Biggest Fall Since September 2020
Shares of Tesla closed down 8.55% on Monday, as investors betting on a pandemic comeback rotated out of Big Tech and piled into cyclical stocks.
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UK Electric Vehicle Maker Arrival Is Going Public Via SPAC at a $5.4 Billion Valuation
The company competes with Amazon-backed start-up Rivian in the electric van space.
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ON Semiconductor CEO Expects Auto Chip Backlog to End by Third Quarter
Amid high demand for and low supply of semiconductors threatening car production, ON Semiconductor CEO Hassane El-Khoury gave his outlook for the end market.
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Chief of Cherokee Nation Wants Jeep to Stop Using Tribe's Name on SUVs
Jeep started using the Cherokee name more than 45 years ago, including currently on the brand’s top-selling Grand Cherokee as well as a smaller SUV.
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Porsche CEO Warns ‘Very Serious' Global Chip Shortage Could Affect Operations for Months
His comments come after a sudden upsurge in global car sales late last year coincided with a shortfall of essential chip components.
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Some Texans Use 2021 Ford F-150 Hybrid Pickup Trucks to Power Homes Amid Winter Storm
“It would have been three miserable days without the truck,” Jerry Hall, 73, of Kerrville, Texas, said in a phone interview.
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Uber Loses a Major Employment Rights Case as the UK's Top Court Rules Its Drivers Are Workers
The U.K.’s Supreme Court upheld a ruling that Uber’s drivers should be classified as workers rather than independent contractors.
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Uber Awaits Crucial UK Supreme Court Ruling Which Could Jeopardize Its Business Model
Uber is awaiting a ruling from the U.K.’s Supreme Court on whether its drivers should be classified as workers rather than independent contractors.
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Baidu Finds CEO for Its Electric Car Company and Aims to Launch Vehicle in 3 Years
Baidu has tapped the co-founder of bike-sharing start-up Mobike to be the chief executive of its electric car venture with Chinese automaker Geely.
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The Price of Gas Is Climbing Higher. Here's How You Can Save at the Pump
With frigid temperatures in the South causing oil refineries to go offline, the price of oil is expected to rise and impact what you pay for gasoline.
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JD Power Says Lexus Is Most Dependable Auto Brand, Ranks Tesla 30th Out of 33
J.D. Power studies serve as an industry benchmark, and its results can drive sales and impact insurance premiums for owners.