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June 10, 2021

General Motors Co

Chip shortage will pose a ‘daily challenge’ for next year, Commerce Secretary Raimondo says

CNBC
CNBC – For more and to sign up click here A global shortage of semiconductors will continue to strain markets for months to come, Commerce Secretary Gina Raimondo said Monday. “For the next year or so, this will be a daily challenge,” Raimondo said on CNBC’s “Closing Bell.” The scarcity......

California will allow GM-backed Cruise to transport passengers in driverless test vehicles

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CNBC – For more and to sign up click here Cruise Origin driverless shuttle Cruise Cruise, the autonomous vehicle company that’s majority owned by General Motors, may soon be giving rides in driverless test vehicles to passengers in California. The California Public Utilities Commission (CPUC) said on Friday that Cruise......

Palantir gets aggressive in SPAC investments, backing digital health, aviation and robot companies

CNBC
CNBC – For more and to sign up click here A pedestrian passes a banner displaying Palantir Technologies signage during the company’s initial public offering (IPO) in front of the New York Stock Exchange (NYSE), Sept. 30, 2020. Michael Nagle | Bloomberg | Getty Images Last year at this time,......

Tesla faces pressure as EV competition heats up, ex-Ford CEO says

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CNBC – For more and to sign up click here Elon Musk brought electric vehicles into the mainstream with Tesla. Now the EV company is grappling with the consequences of its own innovation, former Ford Motor CEO Mark Fields told CNBC on Wednesday. “One of the many things he did......

Tesla starts using cabin cameras to make sure drivers are paying attention

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CNBC – For more and to sign up click here Tesla CEO Elon Musk speaks during the unveiling of the new Tesla Model Y in Hawthorne, California on March 14, 2019. Frederic J. Brown | AFP | Getty Images Tesla has started using cabin cameras in some Model 3 and......

Lockheed Martin and GM partner to develop new moon buggy for NASA astronauts and cargo

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CNBC – For more and to sign up click here Lockheed Martin and General Motors are partnering to develop a new type of lunar vehicle for NASA to use during its upcoming Artemis missions to the moon, the companies announced Wednesday. “Surface mobility is critical to enable and sustain long-term......

Tesla is ditching radar, will rely on cameras for Autopilot in some cars

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CNBC – For more and to sign up click here The interior of a Tesla Model S is shown in autopilot mode in San Francisco, California, U.S., April 7, 2016. Alexandria Sage | Reuters Tesla announced Tuesday that it is ditching radar for its driver-assistance features like Autopilot. In a......

Wall Street has high expectations for Ford’s investor day

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CNBC – For more and to sign up click here Ford CEO Jim Farley speaks with reporters outside the company’s world headquarters on May 19 in Dearborn, Michigan, following the debut of the electric F-150 Lightning pickup truck Michael Wayland / CNBC DETROIT — Wall Street has high expectations for......

Lordstown Motors shares tumble after company slashes 2021 production plans, says it needs more capital

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CNBC – For more and to sign up click here Lordstown Motors Corp Chief Executive Steve Burns poses with a prototype of the electric vehicle start-up’s Endurance pickup truck, which it will begin building in the second half of 2021, at the company’s plant in Lordstown, Ohio, U.S. June 25,......

Delta taps longtime General Electric executive as its new CFO

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CNBC – For more and to sign up click here Delta Air Lines Airbus A330neo or A330-900 aircraft with neo engine option of the European plane manufacturer, as seen departing from Amsterdam Schiphol AMS EHAM International airport. Nicolas Economou | NurPhoto | Getty Images Delta Air Lines named on Friday......

Bitcoin recovers after plunge that shaved $1 trillion off crypto market: CNBC After Hours

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CNBC – For more and to sign up click here CNBC.com’s Jordan Smith brings you the day’s top business news headlines. On today’s show, Kate Rooney breaks down new data showing that bigger investors, or “whales” were the ones buying bitcoin at the lows of yesterday’s selloff. Plus, Michael Wayland......

Ford announces joint venture with SK Innovation to manufacture EV battery cells in U.S.

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CNBC – For more and to sign up click here Dane Hardware (right), Ford design and release engineer, and Mary Fredrick, Ford battery validation engineer, measure the voltage of a battery using a digital multimeter at Ford’s Battery Benchmarking and Test Laboratory in Allen Park, Michigan. Ford DETROIT – Ford......

Biden to tout EV agenda on tour of Michigan factory building Ford’s electric F-150 Lightning pickup

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CNBC – For more and to sign up click here U.S. President Joe Biden gives an update on his administration’s COVID-19 response and vaccination program in the East Room of the White House on May 17, 2021 in Washington, DC. Anna Moneymaker | Getty Images DETROIT — President Joe Biden......

How Arizona became a hotbed for electric vehicles, microchips and self-driving tech

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CNBC – For more and to sign up click here Arizona has rapidly become an epicenter for electric vehicle and self-driving tech, and it’s now the site of three big new semiconductor factories as the U.S. struggles to increase production during the global chip shortage. The Arizona Commerce Authority says......

Chip shortage expected to cost auto industry $110 billion in revenue in 2021

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CNBC – For more and to sign up click here The ongoing semiconductor chip shortage is now expected to cost the global automotive industry $110 billion in revenue in 2021, according to consulting firm AlixPartners. The forecast is up by 81.5% from an initial forecast of $60.6 billion, which the......

Cruise expects GM to begin production of new driverless vehicle in early 2023

CNBC
CNBC – For more and to sign up click here Cruise, a majority-owned autonomous vehicle subsidiary of General Motors, expects production of its driverless shuttle called the Origin to begin in early 2023, CEO Dan Ammann said Thursday. The time frame given for the vehicle is the most detailed yet......

NHTSA investigating fatal Tesla crash in Southern California

CNBC
CNBC – For more and to sign up click here The China-built Tesla Model 3 is unveiled at a Tesla store on November 22, 2019 in Shanghai, China. Zhang Hengwei | China News Service | Visual China Group | Getty Images The U.S. National Highway Traffic Safety Administration is launching......

Volkswagen plans self-driving electric microbus with Argo AI by 2025

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CNBC – For more and to sign up click here A rendering of the electric ID.Buzz microvan from Volkswagen equipped with Argo AI’s self-dricing technology. VW Volkswagen is planning to bring to market by 2025 a version of its upcoming microbus, a retro-styled electric van, with the ability to drive......

A top Jeff Bezos lieutenant learned a popular coding language right after leaving Amazon

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CNBC – For more and to sign up click here Jeff Wilke, former chief executive officer of worldwide consumer at Amazon. Bloomberg | Getty Images Jeff Wilke, a veteran Amazon executive and top lieutenant to Jeff Bezos, stepped away from the company in March. But he is keeping busy, learning......

Automaker Stellantis expects employees to work remotely most of the time under new plan

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CNBC – For more and to sign up click here The logo of Stellantis, the world’s fourth-largest automaker which starts trading in Milan and Paris after Fiat Chrysler and Peugeot maker PSA finalised their merger, is seen at the main entrance of FCA Mirafiori plant in Turin, Italy, January 18,......

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