GM drops plans to build Nikola’s EV pickup
The new deal, a non-binding memorandum of understanding, eliminates plans for GM to take an equity stake in the startup as well as plans for building Nikola’s Badger electric pickup truck.
VW's executive committee to discuss Diess' future, report says
Diess has encountered opposition to his efforts to reform the automaker and may review his position if his attempts continue to be stifled, a source told Reuters.
China approves sales of Shanghai-made Tesla Model Y
Tesla will start selling the crossover alongside the locally built Model 3.
Ford picks German plant to build new EV, reports say
The automaker will invest 1 billion euros ($1.2 billion) into the Cologne factory for EV production, according a German newspaper and other reports.
GM gives itself more control over selling EVs
The automaker will dole out inventory based solely on customer orders and is asking dealers to use no-haggle pricing. The automaker even asserts the right to limit GMC dealers’ interactions with Hummer buyers.