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Tesla Cracks Down On Cybertruck Resales With $50,000 Penalty In US
The Cybertruck, scheduled to go on sale this year, has a range of 250-500 miles (400-800 km) and an estimated 0 to 60 mph time of 2.9-6.5 seconds.
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Rivian Plans to Cut Headcount by 6 Percent to Optimise Costs: All Details
Rivian will cut its headcount by 6 percent, the electric truck maker said on Wednesday. The company will focus on enhancing R1 and EDV (electric delivery van) and speed up the development and launch of R2 and future platforms over the next 18 months, and told employees it is financially well positioned but needs to cut its headcount to support sust...
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EV Maker Nikola Jumps On Securing Supplies To Meet 2022 Delivery Target
Electric vehicle maker Nikola Corp said it had secured sufficient component supplies to meet its delivery target of between 300 and 500 Tre battery electric trucks this year, sending its shares more than 7% higher.
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For EV Maker Rivian, Delivery Headache Hits As Market Shuts Down Coffers
The complaints mounted after Rivian Automotive Inc in late April said it was changing the production sequence of vehicles, prioritizing those with specific interior and exterior color and wheel options.
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Ford Reportedly Sells $214 Million Worth of Its Shares in Electric Truck Maker Rivian
Ford Motor has sold eight million shares of electric-car maker Rivian Automotive for $214 million, or $26.80 apiece, the US automaker said in a filing. Rivian is said to be struggling in a competitive market, including competition from Ford's F-150 Lightning electric pickup truck, while a supply chain crisis is limiting production at its plants.
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EV Maker Nikola Jumps On Securing Supplies To Meet 2022 Delivery Target
Electric vehicle maker Nikola Corp said it had secured sufficient component supplies to meet its delivery target of between 300 and 500 Tre battery electric trucks this year, sending its shares more than 7% higher.
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China's Great Wall Says Will Invest $1.8 Billion In Brazil Over Next Decade
Baoding-based Great Wall, China's top pickup truck maker, said it planned to launch 10 new electrified products within three years in Brazil, four of which will be pure electric vehicles and six hybrid.
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Nikola, Proterra Enter Into Battery Supply Deal For Semi-Trucks
Nikola's trucks fitted with Proterra's batteries are expected to be produced in the fourth quarter of 2022 with prototypes systems being delivered to the truck maker in the second quarter, the company said.
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Brazil's Tupy Set To Buy Traton-Owned Motor Maker MWM, Shares Soar
Brazilian auto parts company Tupy SA has signed a deal to buy motor maker MWM, formally known as International Industria Automotiva da America do Sul, Tupy said on Monday, sending its shares sharply higher.
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GM, Other Automakers Suspend Some Business In Russia Following Invasion
Global auto and truck makers, including U.S. automaker General Motors Co and Germany's Daimler Truck, on Monday suspended some business in Russia following that country's invasion of Ukraine.
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Auto And Truck Makers Suspend Some Business In Russia Following Invasion
Russian forces invaded Ukraine last week, marking the biggest attack by one state against another in Europe since World War Two. Many firms have idled operations in Russia following Western sanctions against Russia.
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Self-Driving Sensor Maker Luminar Shares Rally On Mercedes-Benz Tie-Up
Tech firms such as Alphabet's Waymo and Cruise also are developing self-driving taxis or trucks for commercial use such as ride-hailing and delivery services.
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Nikola, Proterra Enter Into Battery Supply Deal For Semi-Trucks
Nikola's trucks fitted with Proterra's batteries are expected to be produced in the fourth quarter of 2022 with prototypes systems being delivered to the truck maker in the second quarter, the company said.
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British Electric Truck Startup Tevva Raises $57 Million In Funding
Tevva has raised $57 million in its latest funding round to ramp up production at its new London plant and deliver its first vehicles to customers by the end of 2022.
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Rivian Electric Vehicle Maker Raises $11.9 Billion in Wall Street Debut
Rivian, an American automaker specialising in electric pickup trucks, sport utility vehicles, and vans, announced Tuesday it had raised $11.9 billion (roughly Rs. 88,250 crore) in its Wall Street debut.
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Tesla Cracks Down On Cybertruck Resales With $50,000 Penalty In US
The Cybertruck, scheduled to go on sale this year, has a range of 250-500 miles (400-800 km) and an estimated 0 to 60 mph time of 2.9-6.5 seconds.
-
Rivian Plans to Cut Headcount by 6 Percent to Optimise Costs: All Details
Rivian will cut its headcount by 6 percent, the electric truck maker said on Wednesday. The company will focus on enhancing R1 and EDV (electric delivery van) and speed up the development and launch of R2 and future platforms over the next 18 months, and told employees it is financially well positioned but needs to cut its headcount to support sust...
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EV Maker Nikola Jumps On Securing Supplies To Meet 2022 Delivery Target
Electric vehicle maker Nikola Corp said it had secured sufficient component supplies to meet its delivery target of between 300 and 500 Tre battery electric trucks this year, sending its shares more than 7% higher.
-
For EV Maker Rivian, Delivery Headache Hits As Market Shuts Down Coffers
The complaints mounted after Rivian Automotive Inc in late April said it was changing the production sequence of vehicles, prioritizing those with specific interior and exterior color and wheel options.
-
Ford Reportedly Sells $214 Million Worth of Its Shares in Electric Truck Maker Rivian
Ford Motor has sold eight million shares of electric-car maker Rivian Automotive for $214 million, or $26.80 apiece, the US automaker said in a filing. Rivian is said to be struggling in a competitive market, including competition from Ford's F-150 Lightning electric pickup truck, while a supply chain crisis is limiting production at its plants.
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EV Maker Nikola Jumps On Securing Supplies To Meet 2022 Delivery Target
Electric vehicle maker Nikola Corp said it had secured sufficient component supplies to meet its delivery target of between 300 and 500 Tre battery electric trucks this year, sending its shares more than 7% higher.
-
China's Great Wall Says Will Invest $1.8 Billion In Brazil Over Next Decade
Baoding-based Great Wall, China's top pickup truck maker, said it planned to launch 10 new electrified products within three years in Brazil, four of which will be pure electric vehicles and six hybrid.
-
Nikola, Proterra Enter Into Battery Supply Deal For Semi-Trucks
Nikola's trucks fitted with Proterra's batteries are expected to be produced in the fourth quarter of 2022 with prototypes systems being delivered to the truck maker in the second quarter, the company said.
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Brazil's Tupy Set To Buy Traton-Owned Motor Maker MWM, Shares Soar
Brazilian auto parts company Tupy SA has signed a deal to buy motor maker MWM, formally known as International Industria Automotiva da America do Sul, Tupy said on Monday, sending its shares sharply higher.
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GM, Other Automakers Suspend Some Business In Russia Following Invasion
Global auto and truck makers, including U.S. automaker General Motors Co and Germany's Daimler Truck, on Monday suspended some business in Russia following that country's invasion of Ukraine.
-
Auto And Truck Makers Suspend Some Business In Russia Following Invasion
Russian forces invaded Ukraine last week, marking the biggest attack by one state against another in Europe since World War Two. Many firms have idled operations in Russia following Western sanctions against Russia.
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Self-Driving Sensor Maker Luminar Shares Rally On Mercedes-Benz Tie-Up
Tech firms such as Alphabet's Waymo and Cruise also are developing self-driving taxis or trucks for commercial use such as ride-hailing and delivery services.
-
Nikola, Proterra Enter Into Battery Supply Deal For Semi-Trucks
Nikola's trucks fitted with Proterra's batteries are expected to be produced in the fourth quarter of 2022 with prototypes systems being delivered to the truck maker in the second quarter, the company said.
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British Electric Truck Startup Tevva Raises $57 Million In Funding
Tevva has raised $57 million in its latest funding round to ramp up production at its new London plant and deliver its first vehicles to customers by the end of 2022.
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Rivian Electric Vehicle Maker Raises $11.9 Billion in Wall Street Debut
Rivian, an American automaker specialising in electric pickup trucks, sport utility vehicles, and vans, announced Tuesday it had raised $11.9 billion (roughly Rs. 88,250 crore) in its Wall Street debut.
