Enlarge (credit: Aurich Lawson / Getty Images) You may have noticed that it’s difficult to get ahold of new high-end graphics cards and game consoles these days. In large part, that’s due to an ongoing global shortage affecting semiconductor foundries. As it turns out, the problem is even more pronounced in the auto industry. In […]
This is the web version of the Bull Sheet, Fortune’s no-BS daily newsletter on the markets. Sign up to receive it in your inbox here. Good morning, Bull Sheeters. It’s Friday. Let’s play a thought experiment: your we-the-people broker informs you: We’ve instituted a new rule: you cannot buy the hottest stocks on the market; you […]
Enlarge (credit: Aurich Lawson / Getty Images) Around the world, governments are starting to discuss, or even schedule, banning the sale of new vehicles powered by internal combustion engines. Here in the United States, as is often the case, we may well have to wait for private industry to move first, thanks to the sclerotic […]
This is the web version of the Bull Sheet, Fortune’s no-BS daily newsletter on the markets. Sign up to receive it in your inbox here. Happy Friday, Bull Sheeters. A risk-off mood has descended over markets as COVID worries intensify. From Tokyo to Frankfurt, there’s red on the screens, and U.S. futures aren’t doing much better. […]
Happy Friday, Bull Sheeters. There’s plenty of red on the screen this morning. That’s despite a flurry of headlines which the markets of yesteryear would’ve swooned over: President-elect Joe Biden plans to ask Congress for a new $1.9 trillion stimulus spending plan and Fed Chief Jerome Powell wants you to know lower-for-longer is here to […]
FedEx Express is slated to be the first customer of the BrightDrop EV600 and will begin receiving its vehicles later this year. [credit: General Motors ] On Tuesday morning, General Motors Chairwoman and CEO Mary Barra announced a new business for the company during her keynote speech at this year’s all-virtual CES. It’s called BrightDrop, […]
General Motors is recalling about 70,000 of its Chevrolet Bolt battery powered automobiles because of a fire threat, the newest in a show of all safety-related automaker callbacks coming from issues using electric-vehicle batteries. The Detroit-based firm stated Friday it is recalling 68,667 2017-2019 version year Bolt hatchbacks shipped worldwide, including nearly 51,000 sold at the […]
Nikola stocks shrunk up to 16 percent in Friday trading following the electric-truck startup’s chief executive officer stated that he sees a route for his business even though it can not come to terms together with General Motors to a planned strategic venture . Differentiating between the two businesses are continuing, but when a tentative […]
That is GM’s new household of Ultium Drive electrical car drive components. By L-R: Help all-wheel drive device, front-wheel driveway device and rear wheel drive machine, leading – or rear-wheel truck driveway {} , double motor drive unit. [charge: General Motors ] It may be too premature to state that the automobile market is getting […]