Goldman Sachs: Buy Tesla and Stocks With Electric-Car Exposure
The significant pullback in U.S. auto stocks creates an opportunity for investors to own long-term growth names including Tesla Inc. and other companies exposed to electric vehicles, Goldman Sachs said.
Proterra Appoints Chairman Jack Allen to CEO Post
Electric-transit bus manufacturer Proterra appointed current Chairman Jack Allen to CEO as it prepares to extend its technology to other vehicle segments, including last-mile delivery.
March 23, 2020Mercedes-Benz Unveils Upgrades to Vito Vans
Mercedes-Benz, a unit of Daimler AG, announced March 10 extensively upgraded versions of its diesel-powered Vito van available for ordering in Europe now and its battery electric eVito model available for ordering this summer.
GM Shows 13 EVs in Bid to Match Tesla
DETROIT — General Motors, trying to refashion itself as a futuristic company with technology to compete against Tesla, rolled out plans March 4 for 13 new electric vehicles during the next five years.
Michigan Governor Signs Orders to Advance Mobility
DETROIT — Michigan Gov. Gretchen Whitmer signed executive orders Feb. 25 to create a council on future mobility and electrification, establish the Michigan Office of Future Mobility and to appoint a chief mobility officer.
Trump Budget Targets Loan Program That Could Help Lordstown Plant
The Trump administration’s budget proposal scraps a loan program that could help an upstart electric vehicle company’s plans to reuse the now-closed General Motors factory in Lordstown, Ohio.
Ocasio-Cortez Announces Bill for National Network of EV Chargers
The Democratic congresswoman who pushed the Green New Deal to prominence aims to build a national network of high-speed chargers for electric cars under legislation unveiled on Feb. 6.
Tesla Exceeds Expectations in Blowout Quarter
Tesla Inc. delivered a second straight quarter of blowout earnings and speedy execution, extending an unprecedented surge for its heavily shorted stock.
UPS Orders 10,000 Electric Delivery Vehicles
UPS has ordered 10,000 electric delivery vehicles from electric vehicle maker Arrival, in what it calls a move to accelerate fleet electrification.
China’s Karma Automotive Plans to Enter Electric Truck, SUV Fray
The pickup truck market that has gone years without an electric entrant may have another competitor join the fray: Karma Automotive, the Chinese-owned carmaker once known as Fisker.