Wow, who could have seen this one coming? GM is backing away from an agreement to take a stake in electric automaker Nikola Corp., marking the collapse of a deal that has been problematic since it was announced just two months ago. Nikola shares fell nearly 25% on Monday. TechCrunch After the Hindenburg report, Jonny […]
Here’s the latest today from Ben Klayman and David Shepardson at Reuters: General Motors Co GM.N said on Friday it was recalling 68,677 electric cars worldwide that pose a fire risk after five reported fires and two minor injuries. Reuters Kudos to the Reuters editorial staff for deciding to round the headline up. The recall is for […]
Do we need to state the obvious? Legacy auto sucks at software. So how do our friends at General Motors plan to deal with the increasing importance of software in a world of electric vehicles? General Motors plans to hire 3,000 employees by the first quarter of 2021 to accelerate electric vehicle production and enhance […]
If you had any doubt that the competition is shitting their pants over Tesla’s Cybertruck unveil tonight, look no further than this story from Reuters: General Motors Co’s (GM.N) first electric pickup truck model will go on sale in the fall of 2021, the company’s top executive said on Thursday, around the same time as […]
