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☆ It looks like Tesla's Cybertruck is missing 1 thing Ford nailed in its electric truck: A big frunk
▼ + stars: | 2023-07-24 | by ( Tim Levin | ) www.businessinsider.com time to read: +3 min

It looks like frunk in the Ford F-150 Lightning, one of the Cybertruck's closest rivals, is way bigger. The Ford F-150 Lightning looks like it has one big edge over Tesla's upcoming Cybertruck. Judging by an unverified photo posted online and first spotted by the EV news website Electrek, the Cybertruck's frunk looks rather tiny, which may disappoint potential buyers. When I drove the F-150 Lighting last year, the truck's frunk easily handled multiple backpacks and duffels that I didn't want sliding around in the bed. Tesla's Texas factory just built its first Cybertruck, and deliveries are set to begin later this year — two years behind schedule.

Persons: Tesla, Ford, Hummer Organizations: Ford, Morning, EV, Rivian's, Ram, Silverado Locations: Tesla's Texas

☆ GM's EV truck customers must wait for Tesla-compatible charge ports
▼ + stars: | 2023-06-26 | by ( Paul Lienert | ) www.reuters.com time to read: +3 min

[1/3] 2024 Chevrolet Silverado EV Work Truck is seen in Scio Township, Michigan, U.S. June 22, 2023. The first 2024 Silverado EV Work Trucks are rolling out of GM’s Detroit-Hamtramck plant, with deliveries to fleet customers beginning “in a few weeks,” officials said. About the same time, retail customers will be able to buy a well-equipped Silverado EV RST, from around $105,000. When GM announced the Silverado EV early last year, it said prices would start at $39,900. GM also is considering installing Tesla-compatible NACS chargers at its dealerships, once its vehicles begin to be equipped with NACS charging ports, Sequeira said.

Persons: Paul Lienert, Amy Masica, Masica, Derek Sequeira, Sequeira, Paul Jacobson, Tesla, Barbara Lewis Organizations: REUTERS, General Motors, Chevrolet Silverado, U.S, Silverado, Chevrolet, GM, Ford Motor, EV, RST, Silverado EV, Silverado EV's, Ford, GM Energy, CCS, Thomson Locations: Scio Township , Michigan, U.S, North America, GM’s Detroit, Hamtramck, Detroit

☆ Canada, Quebec to provide about C$300 mln for GM-POSCO battery materials facility
▼ + stars: | 2023-05-29 | by ( ) www.reuters.com time to read: +1 min

[1/3] The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook/File PhotoOTTAWA, May 29 (Reuters) - Canada's federal government and the Quebec province will each provide about C$150 million ($112 million) for a General Motors-POSCO Chemical (GM.N)(005490.KS) battery materials facility that is expected create about 200 jobs in the country, the Canadian industry ministry said on Monday. The U.S. carmaker and South Korea's POSCO outlined their plan last year to build the facility in Becancour, Quebec, to produce cathode active material (CAM) for electric vehicle (EV) batteries. CAM includes components like processed nickel, lithium and other materials that make up about 40% of the cost of a battery, the industry ministry said in a statement. "This investment in GM-POSCO's new facility in Becancour will help further position Quebec as a key hub in Canada's growing EV supply chain," Industry Minister Francois-Philippe Champagne said.

☆ Analysis: GM's 2025 EV output could be crimped by battery bottleneck
▼ + stars: | 2023-05-18 | by ( Paul Lienert | ) www.reuters.com time to read: +4 min

"We have not changed our targets," GM spokesman Jim Cain said. Those targets include cumulative EV production of 400,000 from early 2022 through mid-2024, a revised goal that CEO Mary Barra reiterated earlier this year. "We believe GM’s targets are hittable despite hurdles to get there," Wedbush auto analyst Dan Ives said. GM has not issued specific North American EV production targets for 2024 and 2025. GM’s North American EV production targets beyond 2025 “will continue to push the limits” of its battery plants, according to AFS, including a recently announced fourth factory with new partner Samsung SDI (006400.KS) that isn’t expected to open until 2026.

☆ Why GM is killing the Chevy Bolt — America's cheapest EV — amid record sales
▼ + stars: | 2023-04-29 | by ( Michael Wayland | ) www.cnbc.com time to read: +8 min

In this article GM Follow your favorite stocks CREATE FREE ACCOUNTA Chevrolet Bolt EUV on display at the New York Auto Show, April 13, 2022. Scott Mlyn | CNBCDETROIT — After years of lackluster performance and a fire-provoked recall, the all-electric Chevrolet Bolt EV was finally gaining traction for General Motors . The Bolt EV would start at $26,595, followed by the Bolt EUV at $28,195. A 2019 Chevrolet Bolt EV caught fire at a home in Cherokee County, Georgia on Sept. 13, 2021, according to the local fire department. Cherokee County Fire DepartmentStill, GM touted the Bolt EV as proof of the concept for its electric-powered future.

☆ GM to end production of Chevrolet Bolt EV later this year
▼ + stars: | 2023-04-25 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

[1/3] A close-up view of the Chevrolet Bolt electric vehicle is seen at Stewart Chevrolet in Colma, California, U.S., October 3, 2017. "We have progressed so far that it's now time to plan to end the Chevrolet Bolt EV and EU production, which will happen at the very end of the year," GM CEO Mary Barra told investors on Tuesday. The Bolt, GM's first mass market EV, still accounts for more than 90% of all U.S. GM EV sales. The Bolt was preceded by the Chevrolet Volt -- a plug-in hybrid that GM ended production in 2019. The recall prompted GM to halt Bolt production and sales for more than six months.

☆ GM to end production of electric Chevy Bolt, its first mass-market EV, later this year
▼ + stars: | 2023-04-25 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

Steve Fecht for ChevroletDETROIT – General Motors plans to stop production of its electric Chevrolet Bolt models by the end of this year, CEO Mary Barra told investors Tuesday when discussing the company's first-quarter earnings. The Chevy Bolt EV and EUV, a larger version of the car, make up the vast majority of the company's electric vehicle sales to date. General Motors CEO Mary Barra unveiled the Chevrolet Bolt electric vehicle during the 2016 Consumer Electronics Show in Las Vegas. But Bolt sales never caught on as well as many executives hoped, as EV sales overall remained minuscule outside of Tesla . The Vermont State Police released this photo of the 2019 Chevrolet Bolt EV that caught fire on July 1, 2021 in the driveway of state Rep. Timothy Briglin, a Democrat.

☆ Chevrolet Bolt, GM’s first popular electric vehicle, ends production this year
▼ + stars: | 2023-04-25 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

CNN —The Chevrolet Bolt EV, General Motors first fully electric vehicle to be built and sold on a large scale, will go out of production by the end of this year. These new electric vehicles will be based GM’s new electric vehicle platform, Ultium, which is not used by the Bolt. The Bolt was, for a number of years, the best-selling electric vehicle in America that was not made by Tesla, although the gap was very wide. In all other respects, though, it was very similar to the Bolt EV, including the fact that it was available only with front-wheel-drive. To do that, GM engineers created a flexible electric vehicle architecture called Ultium that will be the basis of future GM vehicles.

NEW YORK, April 5 (Reuters) - Ford Motor Co (F.N) and Chrysler-parent Stellantis (STLAM.MI) said on Wednesday that most of its electric and plug-in electric hybrid models will see tax credits halved to $3,750 on April 18 after new U.S. Treasury rules take effect. The other models currently getting credits - Ford Mustang Mach-E, Ford E-Transit, Ford Escape Plug-In Hybrid and Lincoln Corsair Grand Touring - will see credits drop to $3,750. Stellantis said of its three plug-in hybrid electric models, its Chrysler Pacifica plug-in electric hybrid will qualify for $7,500 tax credits after April 18, while the Jeep Grand Cherokee 4xe and Jeep Wrangler 4xe qualify for just $3,750. All U.S. EV consumer tax credits require vehicles to be assembled in North America and have income and retail price caps. Electric vehicles leased by consumers can qualify for up to $7,500 in commercial clean vehicle tax credits without any of the same restrictions.

The other models currently getting credits - Ford Mustang Mach-E, Ford E-Transit, Ford Escape Plug-In Hybrid and Lincoln Corsair Grand Touring - will see credits drop to $3,750. Sales of Ford's electric vehicles jumped 41% in the first quarter, data on Tuesday showed. GM currently receives that amount for the Chevrolet Bolt and the forthcoming Chevrolet Silverado EV would have been eligible. All U.S. EV consumer tax credits require vehicles to be assembled in North America and have income and retail price caps. Electric vehicles leased by consumers can qualify for up to $7,500 in commercial clean vehicle tax credits without any of the same restrictions.

☆ Watch the Tesla Cybertruck run suspension tests at the Fremont factory
▼ + stars: | 2023-04-05 | by ( Nora Naughton | ) www.businessinsider.com time to read: +2 min

Elon Musk has slowly dripped out details about the electric pickup truck since the reveal in 2019. In the years since the Cybertruck reveal, Elon Musk has slowly dripped out details on the truck. Once the Cybertruck does go on sale, it will be entering an increasingly crowded electric pickup truck market. GM is also planning to release an all-electric version of its popular Chevrolet Silverado truck this fall, while Ram's upcoming electric pickup truck is featured at the New York Auto Show this week. Watch the latest Cybertruck video here:Are you a Cybertruck order-holder?

☆ GM says it expects some EVs to receive $7,500 US tax credits
▼ + stars: | 2023-03-31 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, March 31 (Reuters) - General Motors Co (GM.N) expects some electric vehicles (EVs) will qualify for $7,500 U.S. tax credits after stricter Treasury Department guidance takes effect April 18, the U.S. automaker said on Friday. The EV battery sourcing guidance issued on Friday triggers new requirements for critical minerals and battery components. GM currently also receives $7,500 tax credits for the Chevrolet Bolt and is eligible for $7,500 for the forthcoming 2024 model Chevrolet Silverado. Vehicles not eligible for consumer tax credits can qualify for clean commercial tax credits including in leasing. The government will publish by April 18 a revised list of qualifying models and tax credit amounts.

☆ Ford will start making Lightning electric trucks again on March 13
▼ + stars: | 2023-03-02 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +2 min

CNN —Following an issue with a battery fire during testing, Ford will restart production of its popular F-150 Lightning electric pickup on Monday, March 13, the company announced Thursday. During pre-delivery inspections, one of the trucks caught fire, according to Ford, and the company halted production and deliveries of the F-150. In the coming days, the new battery cells will be assembled into the battery packs that Ford uses to build the trucks. Stellantis is also supposed to begin production of the Ram 1500 Rev electric truck later next year, as well. The automaker is also building production facilities in Kentucky and Tennessee to build electric vehicle batteries and electric trucks.

☆ Premarket stocks: Why traders are so infatuated with inflation
▼ + stars: | 2023-02-14 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

What’s happening: Investors will get some market direction clarity on Tuesday morning with the release of key inflation data. It’s not all about the Fed: Traders are infatuated with CPI, but it’s likely going to affect markets more than it will future Fed policy. “CPI is the big inflation report that affects markets more than any other,” he said. Even beyond housing, the services sector has seen year-over-year inflation higher than 3.9% every month since March 2021, said Chaudhuri. And as Powell noted in Washington last week, the stickiness of core services inflation is his greatest concern.

☆ Electric Ram pickup debuts in Super Bowl ad that pokes fun at rivals, sex-drug commercials
▼ + stars: | 2023-02-12 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

Ram's 2023 Super Bowl ad debuts the production version of the Ram 1500 REV electric pickup that is expected to go on sale late-next year. DETROIT – Stellantis will air a 60-second Super Bowl ad for its Ram brand to indirectly take shots at the current all-electric vehicle market, specifically pickup trucks. "Are you excited about buying an electric vehicle but worry that it could leave you ... The ad debuts the production version of the Ram 1500 REV electric pickup that is expected to go on sale next year. Online reservations for the electric pickup, which debuted as a concept in January, also open Sunday.

☆ Winners and losers in electric vehicles as Tesla possibly ignites a price war
▼ + stars: | 2023-01-17 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Yet Tesla has the upper hand when it comes to being able to afford those price cuts, suggested Jefferies analyst Philippe Houchois. Both Murphy and Wells Fargo's Langan see a more challenging time ahead for Ford and General Motors as a result of Tesla's price cuts. However, Societe Generale believes Tesla price cuts remove some of the mystery that has surrounded it, and could refocus attention on positive moves by legacy automakers. One clear winner from stronger EV demand is auto suppliers, Bank of America's Murphy wrote. 'Torn' on TSLA Analysts were also quick to point out that Tesla's price cuts will no doubt affect its own bottom line.

Ram 1500 Revolution BEV electric concept pickup truck Stellantis"This is a vision, or a glimpse, into the future of Ram Trucks," Ram CEO Mike Koval Jr. told CNBC. The electric Ram truck is expected to enter an increasingly crowded segment of electric pickups that already includes the GMC Hummer EV, Ford F-150 Lightning, Lordstown Endurance and smaller Rivian R1T. Ram 1500 Revolution BEV electric concept pickup truck StellantisKoval said Ram isn't worried about being late to the segment. Ram 1500 Revolution BEV electric concept pickup truck StellantisThe design of the concept electric Ram pickup appears to be more of a lifestyle pickup rather than a traditional work truck, but executives said the production vehicle will serve both purposes. "The TRX (a performance version of the Ram 1500) has that in spades," Gilles told CNBC.

☆ Electric cars won't just solve tailpipe emissions — they may even strengthen the US power grid, experts say
▼ + stars: | 2022-11-06 | by ( Tim Levin | ) www.businessinsider.com time to read: +5 min

Millions more electric vehicles on the road could make the US power grid more resilient. However, energy and transportation experts say that with some planning, utilities are fully capable of handling more clean cars plugging in. Better yet, electric SUVs, trucks, and buses can strengthen the grid if deployed smartly. EVs can store energy for when it's needed mostWhen electric cars are parked (which is most of the time), their batteries can collectively become a valuable asset to the greater grid, experts say. Electric cars could do just that, he said.

☆ The Chevy Bolt’s huge sales prove America is craving a cheap electric car
▼ + stars: | 2022-10-26 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +6 min

The Bolt EV and its new, more SUV-like sibling the Bolt EUV had record sales in the third quarter of the year with 14,000 being delivered to customers. Prices for the new Bolt EUV, which is taller and roomier, dropped to a base of about $28,200, $6,300 less than before. The 2023 Bolt EV now has a starting price of $25,600 and, for the Bolt EUV, $27,200. The Chevrolet Bolt EUV is a taller, roomier version of the Bolt EV electric hatchback. Like many electric cars, it can be driven “one pedal” style, with the car braking gently as the accelerator pedal is lifted.

Wedbush analyst Dan Ives in a research note called the results a "major step in the right direction for the Detroit stalwart." GM reaffirmed its guidance for full-year net income of $9.6 billion to $11.2 billion, and full-year diluted earnings per share of $5.76 to $6.76. The automaker reported net income of $3.3 billion, compared with $2.4 billion a year earlier. The automaker said higher volume in the quarter drove a $5-billion gain, with higher prices contributing a $2.1 billion gain, offset by $3.6 billion in additional logistics costs. GM's China income climbed to $330 million, compared with $270 million a year earlier.

DETROIT, Oct 25 (Reuters) - General Motors Co (GM.N) on Tuesday reported a higher quarterly profit, and reaffirmed its full-year outlook. The automaker reported net income of $3.3 billion, compared with $2.4 billion a year earlier. The automaker said higher volume in the quarter drove a $5 billion gain, with higher prices contributing a $2.1 billion gain, offset by $3.6 billion in additional logistics costs. GM said it has received 170,000 reservations for the new Chevrolet Silverado EV pickup, which arrives at U.S. dealers next spring. Register now for FREE unlimited access to Reuters.com RegisterReporting by Ben Klayman, Paul Lienert and Joseph White, Editing by Louise Heavens, Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

DETROIT, Oct 25 (Reuters) - General Motors Co (GM.N) shares rose almost 5% in premarket trade on Tuesday as the company reported a higher quarterly profit that beat analysts' estimates. GM reaffirmed its guidance for full-year net income of $9.6 billion to $11.2 billion, and full-year diluted earnings per share of $5.76 to $6.76. Diluted earnings per share in the third quarter of $2.25 topped estimates of $1.88. Register now for FREE unlimited access to Reuters.com RegisterThe automaker reported net income of $3.3 billion, compared with $2.4 billion a year earlier. The automaker said higher volume in the quarter drove a $5 billion gain, with higher prices contributing a $2.1 billion gain, offset by $3.6 billion in additional logistics costs.

☆ Sierra EV joins General Motors' electric truck family in early 2024
▼ + stars: | 2022-10-20 | by ( Paul Lienert | ) www.reuters.com time to read: +2 min

The first version, due in early 2024, is the fully loaded Sierra EV Denali Edition 1, which will be built in limited numbers and priced from $107,000. Register now for FREE unlimited access to Reuters.com RegisterLike its sister model, the Chevrolet Silverado EV, the four-door Sierra EV shares its Ultium battery pack with the GMC Hummer EV. The high-end Sierra EV Denali Edition 1 boasts 754 horsepower and an estimated range of 400 miles. When the battery pack is depleted, a DC fast charger can add about 100 miles of range in 10 minutes, GM said. The feature-laden Sierra EV Denali comes with an adaptive air suspension, a massive 16.8-inch center display, 14-inch multi-color head-up display, panoramic glass roof and Super Cruise hands-free driving assist.

☆ GM's new GMC Sierra EV will offer traditional truck buyers an upscale electric alternative to the Hummer
▼ + stars: | 2022-10-20 | by ( John Rosevear | ) www.cnbc.com time to read: +1 min

General Motors unveiled its latest electric pickup, the new electric GMC Sierra, and began taking reservations for a fully-loaded $107,000 version, called Sierra EV Denali Edition 1, on Thursday. The automaker expects to begin shipping the Edition 1 in early 2024 and to add lower-priced versions of the Sierra EV — starting at around $50,000 — later that year. It says the pickup will offer buyers something different when it begins arriving at dealers, even though it shares much of its technology with GMC's Hummer EV pickup and SUV and the upcoming Chevrolet Silverado EV. One of the biggest differences between the GMC's wild Hummer EV and the new electric Sierra might be the new truck's traditional pickup shape. "With the Hummer EV, we found that 70% of customers with reservations are new to EVs, and about 75% of them are new to the GMC brand."

☆ Cadillac's new $300,000 electric car comes with 5 screens, futuristic looks, and 300 miles of range — see the Celestiq
▼ + stars: | 2022-10-18 | by ( Tim Levin | ) www.businessinsider.com time to read: +3 min

The Cadillac Celestiq. The Cadillac Celestiq. The Cadillac Celestiq. The Cadillac Celestiq. The Cadillac Celestiq.

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