Tag: electric vehicles
Polestar secures $450 million loan amid weak demand and delayed earnings...
Polestar, the electric vehicle maker, announced today that it has secured a 12-month loan facility of up to $450 million. The company also delayed...
Tesla stock plunges amid disappointing software update and market uncertainty
Tesla shares dropped more than 8% on Tuesday, wiping out most of the stock’s gains following Donald Trump’s presidential victory. The decline pushed Tesla’s...
Lucid CEO Peter Rawlinson steps down amid $397M Q4 loss
On February 25, EV maker Lucid’s CEO, Peter Rawlinson, announced he would be stepping down after more than five years in that role. He...
NHTSA cuts 4% of workforce amid ongoing Tesla investigations
The National Highway Traffic Safety Administration (NHTSA) confirmed Monday that it has reduced its workforce by 4% as part of broader federal efforts to...
GM’s Super Cruise named Best Driver Assistance System by MotorTrend
MotorTrend has awarded General Motors’ Super Cruise system the automotive industry’s best driver assistance program title in its inaugural Best Tech Awards. The new...
Colorado’s auto industry trends and the road ahead – Matthew Groves...
In today's episode of Inside Automotive, Matthew Groves, CEO of the Colorado Automobile Dealers Association (CADA), breaks down the latest Colorado Auto Outlook, discussing...
GSA to shut down federal EV chargers nationwide
The General Services Administration (GSA), which is responsible for managing federal buildings, has announced that it will shut down all of its electric vehicle...
NHTSA announces major vehicle recalls affecting multiple automakers
Over the last few days, Ford, Stellantis, and Rivian announced significant recalls affecting hundreds of thousands of vehicles in the U.S. due to safety...
Tesla recalls 380K vehicles in U.S. over power steering assist issue
Tesla has issued a recall of nearly 380,000 vehicles in the United States following concerns over a power steering assist failure that could potentially...
Stellantis halts Brampton plant operations amid Jeep Compass production reassessment
Stellantis NV has decided to pause operations at its Brampton Assembly Plant in Ontario, Canada, while the company reviews its plans for the next-generation...