Stock Groups

Stellantis plans to generate $22.5 billion in new software revenue by 2030

2022 Jeep Grand Cherokee Summit 4xe Automaker StellantisThe company plans to earn about $22.5 billion (or 20 billion euro) annually in additional revenue through software subscriptions and services by 2030. Driving the growth will be an increase in the automaker’s so-called connected vehicles — stocked with GPS, infotainment systems, driver assistance and other technologies — […]

Stock Groups

Intel plans to take self-driving car unit public in the U.S. in 2022

Amnon Shashua, CEO of Mobileye poses with an autonomous Mobileye vehicle in New York at the Nasdaq Marketplace site on July 20, 2021. Jeenah Moon | Reuters IntelIt has announced plans to list Mobileye (Israel autonomous driving company) it acquiredAs part of our effort to expand into new markets, we will be spending $15.3 billion […]

Stock Groups

Corruption probe leads to first overhaul of UAW elections in decades

Gary Jones (newly-elected president of United Auto Workers) addresses the 37th UAW Constitutional Convention in Detroit on June 14th, 2018, at Cobo Center.  Bill Pugliano – Getty Images News | Getty Images News | Getty Images DETROIT – A federal corruption probeThe merger into United Auto Workers led to the overhaul of its elections. This […]

Stock Groups

GM raises 2021 earnings guidance on pricing and better chip supply

2022 GMC Sierra 1500 Denali Ultimate GM General MotorsThe company is raising its guidance for 2021 earnings on the basis of strong pricing and resilient consumer demand. This comes despite continuing impacts from the global shortage in semiconductor chips, which has reduced vehicle inventories and closed plants. New adjusted earnings guidance from Detroit Automaker for […]

Stock Groups

GM to form new joint venture to produce costly raw materials for EVs

Now production is scheduled to start at the Detroit-Hamtramck former assembly plant. It will be less than two decades since GM announced a $2.2B investment to completely renovate the facility in order to make a wide range of all-electric vehicles and trucks. Jeffrey Sauger, General Motors. Photo. DETROIT – General Motors plans to form a […]

Stock Groups

Auto executives say more than half of U.S. car sales will be EVs by 2030, KPMG survey shows

President Joe Biden talks during a visit at the General Motors Factory ZERO electrical vehicle assembly plant on Wednesday, Nov. 17, 2021 in Detroit. Evan Vucci | AP According to Automotive Executives, more than half their vehicles will be electric by 2030. President Joe Biden’s EV sales goalAccording to KPMG, a survey was released on […]

Stock Groups

Baidu kicks off robotaxi business, after Beijing city’s fare approval

One day after Baidu’s Apollo Robotaxi trial, a safety employee rides in the self-driving robotaxi in Beijing. Getty Images| Visual China Group | Getty Images BEIJING — BaiduCNBC has learned that you can now start to collect robotaxi fares from a Beijing area starting on Thursday. It is an important step in building your driverless […]

Stock Groups

Biden’s test drive of electric Hummer helped increase reservations

After driving a Hummer EV, President Joe Biden gesticulates after visiting the General Motors Factory ZERO’ electric vehicle assembly plant, Detroit, Michigan. November 17, 2021. Jonathan Ernst | Reuters DETROIT – President Joe Biden’s visit last week to a General MotorsThe automaker announced Tuesday that reservations have increased at the GMC Hummer electric pickup plant. […]

Stock Groups

Detroit automakers ask union workers to submit Covid vaccine status

After the first shift of work, United Auto Workers members left the Fiat Chrysler Automobiles Warren Truck Plant in Warren, Mich. Paul Sancya | AP DETROIT – The Detroit automakers are asking their roughly 153,000 plant employees represented by the United Auto Workers to voluntarily submit their Covid-19 vaccination status. The union and the companies […]

Stock Groups

Here are RBC’s best ideas for long-term investors

On October 28th, 2021, a pedestrian crosses a sign that features a brand new logo and the name “Meta” on it. This was in Menlo Park (California). Justin Sullivan | Getty Images RBC highlighted several companies that are working towards a better world and could offer “attractive investment opportunities” for patients.