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Goodyear Tire Ramping Up Presence In Electric Vehicle Space: What Investors Should Know
Sunday, September 4, 2022 - 3:46pm | 543One of the largest tire companies in the world is diving deeper into integration with electric vehicles. Here’s a look at the plans from The Goodyear Tire & Rubber Company (NASDAQ: GT) in the EV space. What Happened: Goodyear Tire announced the launch of the new Goodyear ElectricDrive...
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Wall Street Reacts Favorably To GM Layoffs, Plant Closures
Tuesday, November 27, 2018 - 10:28am | 1027General Motors Company (NYSE: GM) announced Monday it would close or contract seven plants, lay off 14,000 assembly and white-collar workers, and discontinue six vehicle models. The strategy, which simplifies the corporate structure and redirects resources to more profitable segments, caught some...
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The Boxer And The CEO: A Detroit Love Story
Thursday, May 25, 2017 - 3:05pm | 1137She's a lifelong factory worker who now runs her own auto-supply business and spends half her time in China. He's a former professional boxer who is content raising their three kids. Mary and Scotty Buchzeiger are a power couple who spent years figuring out how to make their unorthodox...
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What Is Going On With Tesla's Model 3 Battery? And What Does That Mean For Tesla Profitability?
Wednesday, April 27, 2016 - 3:37pm | 254The Model 3 may not be as profitable for Tesla Motors Inc (NASDAQ: TSLA), according to Jon Bereisa, CEO of Auto Lectrification. Bereisa is said to have estimated Model 3's factory variable cost (FVC) to be $1,510 above its base price of $35,000, read a report on Electrek. Bereisa, the former chief...
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Electric Vehicles Will Hit 50% Market 'Inflection Point' By 2040
Tuesday, March 22, 2016 - 9:37am | 317In the firm’s new EV Inflection Tracker report, Lux Research analyst Cosmin Laslau presented his annual report card of the auto industry’s transition to electric vehicles (EV). According to Laslau, the industry has a long way to go before the majority of new automobile sales are EVs....
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How Much Does The Chevy Volt Cost Compared To A Tesla?
Monday, May 4, 2015 - 10:41am | 403General Motors Company (NYSE: GM) just released the final pricing for the 2016 Chevrolet Volt, and the new model is surprisingly affordable. Falling Price Buyers who are entitled to the full $7,500 federal tax credit for electric vehicles will pay only $26,495 for the new Volt, and...
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Polypore Down 6% on Rumor It May Lose Big Auto Business (PPO)
Wednesday, September 18, 2013 - 12:54pm | 482A rumor is developing that technology filtration company, Polypore International Inc. (NYSE: PPO) has lost business because Asian competitors are severely undercutting PPO’s price. Polypore provides lithium ion (Li-Ion) battery separators to LG Chem for use in General Motors’ (NYSE: GM) Chevy...
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SLIDESHOW: President Obama Saved The iPhone 4 And More From The Second Week Of August
Saturday, August 10, 2013 - 1:29pm | 183When Apple (NASDAQ: AAPL) needed help in its fight against Samsung (OTC: SSNLF), a surprising ally stepped forward. This development proved to be one of many notable events that occurred this week, along with news of a price cut for the Chevy Volt price cut (which is permanent for the 2014 model)...
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General Motors Slashes Chevy Volt Price By $5,000 To Boost Sales (GM)
Tuesday, August 6, 2013 - 1:55pm | 262General Motors (NYSE: GM) announced Tuesday that it would slash the price of its 2014 Chevrolet Volt by $5,000, in order to uplift forecasts for disappointing sales. According to Bloomberg, the Chevy Volt price cut will help it compete with its closest rivals, namely the Toyota(NYSE: TM) Prius...
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SLIDESHOW: Sizing Up Electric Vehicle Deals (F, GM, HMC, TSLA)
Friday, July 12, 2013 - 3:03pm | 137The automotive world is slowly becoming more environmentally conscious; companies are working to boost gas mileage in cars and vehicles with alternative sources of energy are becoming more popular. The most common of these trends is the fully electric vehicle like the Tesla's (NASDAQ: TSLA)...
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How Long Until General Motors Profits from Electric Vehicle Sales? (GM)
Wednesday, June 26, 2013 - 12:19pm | 319Due to competition between major automakers to capture market share in the electric vehicle industry, the sector has seen considerable growth within the past year.General Motors (NYSE: GM) is just one of the many automakers that has recently put a lot of emphasis on the EV industry and developing...
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General Motors Offering Huge Incentives on Chevy Volt (GM)
Tuesday, June 11, 2013 - 1:44pm | 247As reported by The Detroit Free Press General Motors (NYSE: GM) has started offering significant discounts on its Chevy Volt in a recent attempt to entice car buyers. In order to combat stagnant sales, General Motors is offering rebates of $5,000 on its 2012 Volt and $4,000 on its 2013 Volt,...
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Shares of Tesla are Up Again After Musk Speaks at D11 Conference
Thursday, May 30, 2013 - 1:39pm | 520Shares of Tesla (NASDAQ: TSLA) are once again on the rise after a five percent pullback Wednesday. The primary cause of today’s rise can be attributed to statements by CEO Elon Musk Wednesday night. Triple Supercharging Coverage After accidentally releasing news about charging stations during...
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Wunderlich Reiterates Hold on Tesla
Tuesday, November 29, 2011 - 10:21am | 82Wunderlich reiterates its Hold rating on Tesla Motors, Inc. (NASDAQ: TSLA) in light of a 4th Chevy Volt catching fire while undergoing regulatory testing. Jefferies says, “Any company not in the Chevy Volt food chain is a likely winner.” Referencing the lack of fires on record for electric car...
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Wunderlich Comments on Fourth Chevy Volt Fire
Tuesday, November 29, 2011 - 10:18am | 193Wunderlich Securities says General Motors' (NYSE: GM) fourth Chevy Volt caught fire as NHTSA was carrying several crash tests on the vehicle. Wunderlich currently has no rating on GM. Benzinga recently spoke with a Chevy Volt spokesperson who said only two batteries have caught fire under...