In a CNBC interview, Lucid Motors CEO Peter Rawlinson acknowledged the company must get its luxury sedan into production to “truly drive” shareholder value. Source linkContinue Reading
Tata Motors outlined ambition to reach double-digit commercial vehicle margins and high single-digit passenger vehicle margins in coming years Source linkContinue Reading
The company reiterated improved profitability and positive free cash flow targets for its CV and passenger vehicle businesses and its ambition to turn debt-free by FY24. Source linkContinue Reading
Lucid plans to go public through a reverse merger with a blank-check company started by veteran investment banker Michael Klein. Source linkContinue Reading
After weeks of spiking share prices for a blank-check company rumored to be targeting the acquisition of electric-vehicle company Lucid Motors, the two parties officially announced a deal Monday afternoon, and the stock sank sharply. Source linkContinue Reading
Tata Motors, on Friday, said it has appointed Marc Llistosella as its Chief Executive Officer and Managing Director Source linkContinue Reading
The auto major posted a 67.2% surge in profit for the December quarter, following a pick-up in sales in several of the carmaker’s key growing markets. Source linkContinue Reading
General Motors said it’s allocating $93 million for its plant in Romulus, Michigan, and $7 million at its plant in Bedford, Indiana. Source linkContinue Reading
The rally in auto stocks may pause for now as demand cools off and companies grapple with supply-side issues, say analysts Source linkContinue Reading
While a scrappage policy together with push on infrastructure by the Indian government should boost near term demand. Source linkContinue Reading