AUTO News and Press, AutoWeb Inc. From 12/09/22

In recent times, it has been tough to determine who to listen to regarding Tesla stock. This week, investors in the stock have suffered losses due to confusion regarding the company’s output in China. Citing a memo it had read, Reuters announced on Friday that Tesla ( NASDAQ:...

Tesla ( NASDAQ:TSLA ) According to a story published today by Reuters, which cites an internal document and persons with knowledge of the situation, Tesla ( NASDAQ:TSLA ) will halt production of the Model Y at its facility in Shanghai between December 25 ...

Carvana (NYSE: CVNA) shares fell over 40% during trading Wednesday after the car retailer’s biggest creditors, Apollo Global Management and PIMCO, finalized a deal tying them together to execute negotiations with the company. The move comes after potential restructuring effor...

Ultium Cells, a joint venture between General Motors ( NYSE:GM ) and LG Energy in South Korea, is up for a union ballot this week. The United Auto Workers first asked for a union election on behalf of 900 workers at Ultium’s Ohio factory at the end of October . Acco...

General Motors ( NYSE:GM ) On Tuesday, Mary Barra, the chief executive officer of General Motors ( NYSE:GM ), said that while problems with the company’s supply chain are getting better every quarter , these concerns are projected to continue beyon...

Apex Clean Energy and Rivian have agreed to a power purchase agreement for 50 megawatts of electricity from the latter’s projected Goose Creek Wind farm in Piatt County, Illinois. This is according to a press release from Rivian Automotive ( NASDAQ:RIVN ). In the first hour...

Rivian Automotive ( NASDAQ:RIVN ) Rivian Automotive ( NASDAQ:RIVN ), an American manufacturer of electric vehicles, made the announcement today that they have signed a power purchase agreement (PPA) with Apex Clean Energy for the purchase of 50 megawatts ...

Carvana Stock ( NYSE:CVNA ) Even though there was no news about the online used vehicle business, Carvana stock was down again today. However, investors panicked after stronger-than-expected employment data persuaded them the Federal Reserve would keep hiking interest rates ...

After being first mentioned five years ago, it is anticipated that Tesla ( NASDAQ:TSLA ) will finally present its eagerly anticipated Semi, an 18-wheeler long-haul electric freight carrier, on Thursday. In premarket trading, Tesla stock increased. It took five years to develop the Tes...

Cruise, the robotaxi division of General Motors Company ( GM Stock ), intends to enter a “large number of markets” and scale operations up to “thousands of vehicles” in the year 2023, according to statements made by Chief Operating Officer Gil West to Reuters. ...