Lordstown Motors (RIDE) Q2 2022 earnings and production

Lordstown Motors (RIDE) Q2 2022 earnings and production

Workers install door hinges to the body shell of a prototype Endurance electric pickup truck on June 21, 2021 at Lordstown Motors assembly plant in Ohio. Michael Wayland | CNBC Embattled electric truck startup Lordstown Motors on Thursday reaffirmed plans to begin commercial production of its first vehicle this quarter and roll out the first … Read more

Porsche Unveils Its New 911 GT3 R, The Evolution of a Classic

Porsche Unveils Its New 911 GT3 R, The Evolution of a Classic

Photo: Porsche While attention has been deservedly focused on automakers developing the next generation of sports prototypes, international GT racing is also undergoing a big transformation. With the GT3 category set to become the top production-based class across every major sports car championship, manufacturers are launching new cars to give themselves a better luck at … Read more

The Proposed EV Tax Credit Extension Has Some Caveats

The Proposed EV Tax Credit Extension Has Some Caveats

Photo: Steve DaSilva The Senate’s proposed EV tax credit extension makes some new demands, Ford owners are suing Ford again, and Bentley’s doing gangbusters. All that and more in The Morning Shift for Friday, July 29, 2022. 1st Gear: EV Tax Credits May Come Back, But At What Cost? This week, Senate Majority Leader Chuck … Read more

Amazon records $3.9 billion loss on Rivian holding in second quarter

Amazon records $3.9 billion loss on Rivian holding in second quarter

Rivian CEO RJ Scaringe and Amazon CEO Andy Jassy tour one of the company’s electric delivery vans. Amazon Amazon’s stake in electric vehicle maker Rivian Automotive was once worth $27 billion. That was in November, shortly after Rivian’s IPOwhich took place just before the Nasdaq peaked. But with investors rotating out of risk in 2022 … Read more

4 reasons the Utah housing market is still great

4 reasons the Utah housing market is still great

Estimated read time: 3-4 minutes Every potential home buyer grapples with the same question: “Is now a good time to buy a home?” With mortgage rates rising this year and things beginning to “cool off” now that the pandemic has ebbed, many people wonder if the prime purchasing time has passed. Worries about a recession … Read more

Study proves COVID outbreak originated at Wuhan food market, Utah researcher says

In this Jan. 31, 2021 photo, a security guard waves for journalists to clear the road after a convoy carrying the World Health Organization team entered the Huanan Seafood Market. New research found that the Huanan foods market in Wuhan, China served as the epicenter for the SARS-CoV-2 outbreak in late 2019, a study co-authored by a University of Utah researcher says.

In this Jan. 31, 2021 photo, a security guard waves for journalists to clear the road after a convoy carrying the World Health Organization team entered the Huanan Seafood Market. New research found that the Huanan foods market in Wuhan, China served as the epicenter for the SARS-CoV-2 outbreak in late 2019, a study co-authored … Read more

UBS on how to invest in EVs, rising electric vehicle adoption

UBS on how to invest in EVs, rising electric vehicle adoption

Demand for electric vehicles is expected to boom in the coming decades — and UBS has identified a theme for investors to cash in on that electrification. UBS said that increasing amounts of electronic content within vehicles will lead to new supply chains, as automakers increasingly work directly with semiconductor firms and new tech players. … Read more

Two new ‘Avengers’ films coming to Marvel’s slate

Actors Robert Downey Jr., Chris Evans, Mark Ruffalo, Chris Hemsworth, Scarlett Johansson, Jeremy Renner and Marvel Studios President Kevin Feige pose for a photo at the TCL Chinese Theatre in Hollywood, Los Angeles on April 23, 2019.

Actors Robert Downey Jr., Chris Evans, Mark Ruffalo, Chris Hemsworth, Scarlett Johansson, Jeremy Renner and Marvel Studios President Kevin Feige pose for a photo at the TCL Chinese Theater in Hollywood, Los Angeles on April 23, 2019. (Mario Anzuoni, Reuters) Estimated read time: 2-3 minutes SAN DIEGO — Two new “Avengers” movies will reach theaters … Read more

GM Has Its ‘Hermes’ Car to Take on Rolls-Royce

GM Has Its 'Hermes' Car to Take on Rolls-Royce

General Motors (GM) – Get General Motors Company Report finally seems to have a vehicle that will propel it back into the ranks of manufacturers of premiere high-end luxury vehicles to compete with the likes of Rolls-Royce and Bentley. It is the club of manufacturers of the artisanal vehicles, one would be tempted to say. … Read more

Baidu’s robotaxi can drive without a steering wheel, because price slashed

Baidu's robotaxi can drive without a steering wheel, because price slashed

Baidu unveiled on July 21, 2022, the sixth generation of its self-driving electric car built for ride-hailing rides — at a cost nearly 50% below that of a model announced last year. Baidu BEIJING — Chinese tech giant Baidu announced Thursday it has cut the price of its robotaxi vehicles by nearly half, lowering costs … Read more