GM Vows to Surpass Tesla in Electric Vehicle Sales
WARREN, Mich. — General Motors plans to cash in as the world switches from combustion engines to battery power, promising to double its annual revenue by 2030 with an array of new electric vehicles, profitable gas-powered cars and trucks, and services such as an electronic driving system that can handle most tasks on the road.
October 6, 2021GXO, Abercrombie & Fitch to Open Automated Distribution Center
GXO Logistics and Abercrombie & Fitch Co. announced an agreement Oct. 6 to open a new distribution center that will blend traditional staffing with automation.
October 6, 2021Autonomous Trucks Take Off Rapidly in China’s Commercial Operations
BEIJING — Driverless trucks will help revamp the logistics and industrial sector in China, as autonomous driving technologies have taken off in the country amid the COVID-19 pandemic.
October 5, 2021LG Energy Strikes Battery-Metal Deal With Sigma Lithium
LG Energy Solution, one of the world’s top electric-vehicle battery makers, has struck a supply deal with Sigma Lithium Corp. as demand for the metal soars.
October 5, 2021Many Tesla Short Sellers Are Giving Up
Tesla Inc. is inflicting more pain on short sellers, and many of them are giving up.
October 4, 2021DTNA, ACM Announce Collaboration
Daimler Trucks North America announced a three-year, $3 million, first-of-its-kind partnership with the American Center for Mobility that will allow customers to experience DTNA’s in-vehicle technology at test sites on ACM’s 500-acre campus in suburban Detroit.
October 4, 2021GM’s Future EVs Get Range Boost With Wolfspeed Deal
General Motors’ future electric vehicles will offer more range on a single charge and charge faster because of a new supplier agreement it announced with Wolfspeed Inc.
October 4, 2021Roger Nielsen Joins SafeAI Board
SafeAI Inc., which is helping off-road industries including mining and construction move toward autonomy, announced that former Daimler Trucks North America CEO Roger Nielsen has joined its board of directors.
October 4, 2021GM-Backed Cruise Sees Autonomous Unit Growing Past $50 Billion
Cruise, the autonomous vehicle startup majority-owned by General Motors Co., will tell investors this week that it sees a path for its ride-hailing business to reach $50 billion in revenue as the company ramps up over the next couple of years, people familiar with the matter said. GM’s shares jumped.
October 4, 2021Tesla Expects Delivery Record, Beating Supply Chain Turmoil
Tesla Inc. is expected to report record deliveries of roughly 224,000 vehicles in the most recent quarter, another milestone for CEO Elon Musk and his trailblazing electric-car brand.
October 1, 2021