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  • EV startups are burning through cash. Can they attract more investment?
    Automotive

    EV startups are burning through cash. Can they attract more investment?

    March 19, 2023 /

    In September 2020, Hindenburg Study introduced its report on Nikola, saying it was “an intricate fraud.” The firm acknowledged a truck appearing to cruise down a desert street under its personal electrical power in a online video was not. The SEC released an inquiry. Eventually, Trevor Milton, Nikola’s founder, was convicted of fraud. Nikola settled with the SEC for $125 million. In 2021, J Cash Exploration posted a report contacting Faraday Upcoming “nothing but a bucket to obtain funds from U.S. traders and pour it into the black hole of personal debt designed by its founder.” A enterprise spokesperson explained “the substantive allegations of inaccurate disclosures” in the report “ended…

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    Francis McGee Comments Off on EV startups are burning through cash. Can they attract more investment?

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    Stellantis 2022 earnings strong despite logistics, chip problems

    Stellantis 2022 earnings strong despite logistics, chip problems

    February 23, 2023
    Aruna Anand Appointed New President and CEO of Continental Automotive North America

    Aruna Anand Appointed New President and CEO of Continental Automotive North America

    November 22, 2022
    Mullen Automotive Settles Qiantu Lawsuit for $20 Million

    Mullen Automotive Settles Qiantu Lawsuit for $20 Million

    March 25, 2023
  • Volkswagen announces five-year $193 billion investment plan as electrification gathers pace
    Automotive

    Volkswagen announces five-year $193 billion investment plan as electrification gathers pace

    March 15, 2023 /

    Persons glimpse at the Volkswagen id excitement electric vehicle all through the push working day at the Los Angeles Car Exhibit in Los Angeles, California, November 17, 2022. Mike Blake | Reuters Volkswagen on Tuesday declared plans to devote 180 billion euros ($192.6 billion) between 2023 and 2027, with far more than two thirds concentrating on “electrification and digitalization.” The German automotive large earlier this thirty day period posted a total-calendar year 2022 running financial gain of 22.5 billion euros, up 13{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} from the past 12 months, with battery and electric car or truck (BEV) deliveries mounting 26{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. similar investing news The BEV expansion was driven by a 68{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} spike…

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    Akio Toyoda: California, U.S. EV targets will be hard to achieve

    Akio Toyoda: California, U.S. EV targets will be hard to achieve

    October 1, 2022
    Wholesale Used-Vehicle Prices Increase in January

    Wholesale Used-Vehicle Prices Increase in January

    February 8, 2023
    Federal court jury issues split decision in Hyundai-Napleton litigation

    Federal court jury issues split decision in Hyundai-Napleton litigation

    January 21, 2023
  • The 2023 investment narrative is already diverging from 2022
    Finance News

    The 2023 investment narrative is already diverging from 2022

    January 20, 2023 /

    This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, January 19, 2023 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him on Twitter @SPYJared. Read this and more market news on the go with the Yahoo Finance App. Despite Wednesday’s losses in the major U.S. indexes, stocks are flying out of the gate in 2023. The Nasdaq Composite (^IXIC) and S&P 500 (^GSPC) are having their best start to a year since 2019. And in enjoying these gains in the new year, stocks are…

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    Stocks closed higher amid a flurry of earnings: Stock market news today

    Stocks closed higher amid a flurry of earnings: Stock market news today

    April 18, 2023
    S&P 500, Nasdaq fall, yields rise after hawkish Fedspeak

    S&P 500, Nasdaq fall, yields rise after hawkish Fedspeak

    March 2, 2023
    U.S. economy adds 236,000 jobs in March, unemployment rate falls to 3.5{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}

    U.S. economy adds 236,000 jobs in March, unemployment rate falls to 3.5{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}

    April 8, 2023

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