Shares of EV start-up Electric Last Mile plunge more than 50%...

Probes, government upheaval proceed to tank SPAC-backed EV…

Electrical Final Mile Options CEO James Taylor wished to separate his electrical automobile firm by staying out of controversies that had engulfed lots of his opponents. “Now we have no lawsuits; no administration points, that we’re conscious of; we’re delivering; we’re conserving our nostril clear,” the previous Basic Motors government informed CNBC in early November, […]

Rivian, Allbirds, Humana and more

Shares of Rivian and different EV start-ups tank amid inventory sell-off

Rivian electrical vehicles are seen parked close to the Nasdaq MarketSite constructing in Occasions Sq. on November 10, 2021 in New York Metropolis. Michael M. Santiago | Getty Photographs Shares of Rivian Automotive and different electrical automobile start-ups recovered steep intraday losses Monday after hitting 52-week or file lows amid a broader market sell-off earlier […]

Five ways 2021 may have forever changed the auto industry

Five ways 2021 may have forever changed the auto industry

The “2021” numerals have been towed into Instances Sq. final December by the Kia Sorento SUV after a cross-country road-trip that began on the automaker’s U.S. headquarters in Irvine, California, and coated greater than 5,500 miles with stops in 15 states. Kia DETROIT – The automotive trade could by no means be the identical after […]