RJ Scaringe, Rivian founder and CEO, and Ford Govt Chairman Bill Ford announce a $500 million Ford investment in Rivian. Source: Ford Motor Co. DETROIT – Ford Motor liquidated most…
Tag: stake
Renault slashes Nissan stake as the automakers overhaul their decades-long alliance
Renault and Nissan car logos are pictured in the course of the Brussels Motor Display on January 9, 2020 in Brussels. (Photo by KENZO TRIBOUILLARD/AFP by means of Getty Photos)…
Lucid spikes 98% on speculation Saudi investment fund may buy out remaining stake
Lucid Air Lucid Motors Lucid stock skyrocketed on Friday on speculation that Saudi Arabia’s Community Financial investment Fund would buy out the remaining stake. Saudi Arabia’s PIF now owns 65%…
Feds looking into Musk’s Twitter stake purchase
The U.S. Securities and Exchange Commission (SEC) is wanting into Tesla Main Executive Officer Elon Musk’s disclosure of his stake in Twitter Inc in early April, in accordance to a…
Start-up investor Jason Calacanis raising millions for Twitter stake
Jason Calacanis Adam Jeffery | CNBC Angel trader Jason Calacanis, an early backer of Uber and Robinhood, is searching for to raise tens of millions of dollars for a stake…
Amazon takes $7.6 billion loss on Rivian stake from Q1 stock plunge
R.J. Scaringe, Rivian’s 35-calendar year-aged CEO, introduces his company’s R1T all-electric pickup and all-electric powered R1S SUV at Los Angeles Vehicle Demonstrate in Los Angeles, California, November 27, 2018. Mike…
Porsche taking stake in ‘e-fuels’ maker Highly Innovative Fuels Global
A Porsche 911 Carrera 4S stands in the night light in a drive-in cinema on the circuit of the Leipzig Porsche factory. Jan Woitas | photo alliance by using Getty…
GM to buy SoftBank’s stake in Cruise self-driving unit for $2.1 billion
A robot auto of the Standard Motors subsidiary Cruise is on a take a look at drive. Andrej Sokolow | image alliance | Getty Photos DETROIT – Basic Motors is…
GM sells its stake in embattled EV start-up Lordstown Motors
The Lordstown Motors manufacturing facility is in which GM the moment operated, in Lordstown, Ohio, on Oct 16, 2020. Megan Jelinger | AFP | Getty Photographs Basic Motors marketed its…