Michigan-based electric-truck start-up Rivian said that it has raised $2.65 billion in new cash from a group of investors led by mutual-fund giant T. Rowe Price (NASDAQ: TROW).The company, which already counts Ford Motor Company (NYSE: F) and Amazon (NASDAQ: AMZN) among its inves
Rivian, an electric vehicle startup backed by Amazon.com Inc and Ford Motor Co that aims to put an electric pickup and SUV in production this year, on Tuesday announced a $2.65-billion investment round led by T. Rowe Price.
Electric vehicle startup Rivian, which is backed by Amazon and Ford Motor and aims to put an electric pickup and SUV in production this year, said
on Tuesday it boosted its war chest further with a $2.65-billion
investment round led by T. Rowe Price.
Self-driving car maker Cruise and majority shareholder General Motors Co said on Tuesday they would partner with Microsoft Corp to accelerate the commercialization of driverless vehicles.
(RTTNews) - Amid the growing shortage for semiconductors and weak demand for cars during the ongoing coronavirus crisis, automaker Ford has ordered to close down one plant in Germany for a month, while an Indian plant will remain idle for a week, reports said.The factory in Saarl
Over the past 11 months, investors have navigated through one of the most volatile periods in history for the stock market. The broad-based S&P 500 lost more than a third of its value in about a month during the first quarter of 2020, and has spent almost 10 months in rally m
Despite a deep recession and the world's second-deadliest COVID-19 outbreak, candidates backed by Brazil's right-wing president Jair Bolsonaro are expected to win control of Congress next month, politicians and analysts said on Monday.
NIO (NYSE: NIO) has had a remarkable run, with shares of the Chinese electric-vehicle (EV) maker up more than 1,680% over the past year. This jump is likely due to growing excitement about the ongoing automotive revolution and NIO's role in making it global.There's great potentia
Right after Ford (NYSE: F) won the 2021 utility vehicle of the year award for the Mustang Mach-E all-electric vehicle, General Motors (NYSE: GM) is reportedly looking to turn its Chevrolet Corvette muscle car into an electric crossover SUV, too.The soccer mom SUV may never be the
Ford Motor Company (NYSE: F) said that its sales in Europe fell almost 27% in 2020 amid the COVID-19 pandemic and an ongoing overhaul of its product line. But the Blue Oval retained its title as Europe's top brand for commercial vehicles, it said, a key priority for CEO Jim Farle
What happened Shares of Chinese electric-vehicle maker NIO (NYSE: NIO) were trading lower on Friday, after one of the company's co-founders was named CEO of Foxconn's new electric-vehicle business.
Tesla (NASDAQ:TSLA) stock has rallied by over 11% over the last 5 trading days and by a solid 23% over the last 10 trading days, driven by strong Q4 vehicle deliveries, which helped the company largely meet its target of selling 500k cars for 2020, and also due to a change in sta
Automakers around the world are shutting assembly lines because of a global shortage of semiconductors that in some cases has been exacerbated by the Trump administration's actions against key Chinese chip factories, industry officials said.
The outgoing Trump administration said Thursday it was issuing new rules that would allow manufacturers of automated vehicles to bypass some crash standards required of conventional vehicles, which would cut production costs.
In July 2018, Ford Motor Company (NYSE: F) announced a major restructuring aimed at significantly improving its profitability. As part of this "global redesign" project, the automaker said that it would incur up to $11 billion of pre-tax charges (including $7 billion of cash impa
Should You Consider These Top EV Stocks Right Now For Your Long-Term Portfolio?Electric vehicle (EV) stocks have been on a hot streak in recent times. They have enjoyed explosive growth last year in the stock market as we see their evaluations shot up amidst the global uncertaint