Musk Invites UAW to Hold Organizing Vote at Factory
DETROIT — Elon Musk is inviting the United Auto Workers union to hold an organizing vote at Tesla’s factory in Fremont, Calif.
March 3, 2022Rivian Cancels Price Hikes for Existing Customers After Outcry
Rivian Automotive Inc. dropped to a record low after the electric-vehicle maker rolled back price increases on its debut cars for existing customers, marking an about-face as it ramps up production and seeks to win over more buyers.
March 3, 2022Navistar Unveils EV-Related Next Experience Trailer
Navistar Inc. announced it unveiled its Next Experience Trailer to provide industry stakeholders the opportunity to learn more about the process and benefits of electric vehicle adoption.
March 2, 2022Ford Reorganizes to Run EV, Engine Businesses Separately
Ford Motor Co. will separate its fast-growing electric vehicle operations from its legacy combustion engine business in a historic reorganization of the 118-year-old company.
March 2, 2022WTI Tops $103 as Supply Fears Persist
Oil extended gains after the close as a decision by the U.S. and other major economies to release emergency stockpiles failed to ease concerns of a major shortfall in supplies as sanctions mount on Russia.
March 1, 2022Workhorse to Retire Troubled Flagship Electric Delivery Van
Workhorse Group Inc. plans to kill its flagship electric delivery van after a recall last year, turning instead to two new models after what its CEO called a “costly misstep.”
March 1, 2022Nations Agree to Release 60 Million Barrels of Oil
FRANKFURT, Germany — The International Energy Agency’s 31 member countries agreed March 1 to release 60 million barrels of oil from their strategic reserves — half of that from the United States — “to send a strong message to oil markets” that supplies won’t fall short after the Russian invasion of Ukraine.
March 1, 2022Lucid Sinks After Cutting Production Goal on Commodity Woes
Lucid Group Inc. slumped after lowering its production target for this year to between 12,000 and 14,000 cars, down from a previous goal of 20,000, citing “extraordinary” challenges with logistics and its supply chain.
March 1, 2022Waymo, Cruise Set Pace in Electrifying Autonomous Vehicles
Autonomous vehicles are mostly electric so far. That’s one of the main conclusions of BloombergNEF’s just-published annual report analyzing the state of AV testing programs in the U.S. and China.
March 1, 2022Shell to Pull Out of Energy Investments in Russia
LONDON — Global oil and gas giant Shell said Feb. 28 that it is pulling out of Russia as President Vladimir Putin’s invasion of Ukraine continues to cost the country’s all-important energy industry foreign investment and expertise.
February 28, 2022