Signage outside Lordstown Motors Corp. headquarters in Lordstown, Ohio, on Saturday, May well 15, 2021. Dustin Franz | Bloomberg | Getty Photos Lordstown Motors mentioned Monday that it continue to…
Tag: Cash
‘Bleeding cash’: Rivian to cut 6% of jobs amid price war, internal memo says
SAN FRANCISCO — Rivian Automotive is laying off 6% of its workforce in an energy to minimize charges as the EV maker, already grappling with slipping cash reserves, braces for…
Bluedot’s debit card for EV owners offers cheaper charging, cash back
Electric powered vehicles accounted for nearly 6% of all new cars offered in the U.S. in 2022, an raise from 3.1% the yr just before, and that selection will continue…
Lucid and Nikola file to raise additional cash
Electrical auto start-up Lucid on Sept. 28, 2021 mentioned production of its first automobiles for customers has begun at its factory in in Casa Grande, Arizona. Lucid Electric motor vehicle…
EV makers face cash squeeze amid soaring battery, production costs
Output of electric Rivian R1T pickup vans on April 11, 2022 at the company’s plant in Normal, Sick. Michael Wayland / CNBC In the changeover from fuel-driven autos to electrical,…
Burning cash, commercial EV startups race to deliver vehicles
NUNEATON, England — A handful of professional electric powered car startups are burning by means of funds quickly, racing to bring vans or vans to market prior to the cash…
Behind GM, Ford’s new EV strategy is old-time financing: Cash
The cab to a Ford all-electric F-150 Lightning truck prototype is observed on an automatic guided automobile (AGV) at the Rouge Electrical Automobile Heart in Dearborn, Michigan, September 16, 2021.…
People scoop up cash scattered across California freeway
We see this several, a lot of, quite a few, a lot of periods, and it constantly tends to make us speculate why armored vehicles, and the luggage containing income…