Auto supplier Magna is uniquely positioned to benefit from electric pickups
Canada-based Magna is producing the battery enclosures that house the lithium-ion batteries of the Ford F-150 Lightning and Hummer EV
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Detroit
GM shares hit new 52-week low following Wells Fargo downgrade
Wells Fargo lowered GM's rating after market close Wednesday to "underweight" and cut the company's price target from $74 a
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Ford cuts 580 U.S. salaried and contract employees as it restructures to focus on EVs
The cuts include approximately 350 salaried and 230 agency positions, according to Ford. Source link
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GM will start tying executive compensation to electric vehicle targets
CEO Mary Barra said the new compensation benchmarks are meant to underscore the company's commitment to EVs. Source link
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GM says it will produce electric Chevrolet Corvettes
GM will produce an electrified Chevrolet Corvette next year, followed by an all-electric version of the iconic sports car, according
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GM expects record year of Chevy Bolt EV sales following fire recall
GM expects sales of its electric Chevrolet Bolt models can rebound from a high-profile recall after several vehicles caught fire.
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GM to halt pickup truck production in Indiana due to chip shortage
GM will idle the plant, which produces Silverado and GMC Sierra pickups, the weeks of April 4 and April 11,
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Stellantis, LG Energy Solution to invest $4.1 billion in Canadian EV battery plant
The new plant is part of the automaker's plans to accelerate its EV investment to achieve sales of 5 million
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Ford F-150 Lightning’s 320-mile range beats available Rivian electric pickups, but lags GMC
The Ford F-150 Lightning pickup will have an electric range of up to 320 miles, according to final EPA estimates
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