da-kuk Blue Bird Corporation (NASDAQ:BLBD) formally announced on Thursday that it has been selected to receive an $80 million grant from the U.S. Department of Energy to expand the company’s electric vehicle manufacturing capabilities and related workforce development efforts. The DOE funding is part of the U.S. government’s previously announcedContinue Reading
Zhang mengyang/iStock via Getty Images Tesla (NASDAQ:TSLA) traded higher on Friday amid reports that several state-owned entities in Shanghai have placed orders for Model Y crossovers as part of the city’s efforts to optimize the business environment and demonstrate equal treatment for domestic and foreign companies. State-owned enterprises, including ChengtouContinue Reading
yrabota/iStock via Getty Images Electric vehicle stocks have had a strong week after Rivian Automotive (NASDAQ:RIVN) struck a partnership with Volkswagen (OTCPK:VLKAF) and Tesla’s (TSLA) deliveries report was well received by investors. Over the last week, notable gainers included Polestar Automotive (NASDAQ:PSNY) +30%, Canoo (NASDAQ:GOEV) +15.5%, Li Auto (LI) +14.4%,Continue Reading
Justin Sullivan/Getty Images News Ford (NYSE:F) vehicle sales were up 1% in Q2 year-over-year to 536,050 EV sales increased by 61% to 23,957 and are up 72% for the year, second only to Tesla. Sales of the F-150 Lightning increased 77% in Q2 to 7,902, and E-Transit sales were upContinue Reading
jetcityimage Stellantis (NYSE:STLA) FCA US total vehicles sales were down 21% in Q2 to 344,993 year-over-year as declines in its Jeep (-19%), Ram (-26%), Dodge (-17%), and Chrysler brand (-19%) were partially offset by gains in Fiat (+119%) and Alpha Romeo (+8%). The Jeep Wagoneer was the company’s best-selling modelContinue Reading
MoreISO Toyota (NYSE:TM) global vehicle sales were down 2% in May year-over-year to 888,491, reflecting a significant decline in sales within Japan for its Toyota brand. This is the fourth consecutive month of year-over-year decline in sales. In the U.S., Toyota (TM) sales were up 15.7% led by sales ofContinue Reading
