Latest News Updates From David Welch

Business, Technology, Fuel, Logistics

GM, Wabtec Agree to Make Electric and Hydrogen-Powered Trains

General Motors Co. and Wabtec Corp. have signed a nonbinding agreement to build locomotive engines using the automaker’s Ultium electric battery and its Hydrotec hydrogen fuel-cell system, the companies said June 15.

June 15, 2021
Government, Business, Technology, Fuel

Lordstown Motors Reveals Cash Crisis

Lordstown Motors Inc., an electric-vehicle startup that recently went public, said it may not have the cash to get its debut pickup truck to market — and might not last as a company in the next 12 months if it can’t raise more capital.

June 8, 2021
Business, Technology, Logistics

GM to Beat Profit Targets as Truck Plants Ramp Up

General Motors Co. will boost output at two truck plants, allowing the company to beat its first-half forecast of $5.5 billion in profit and to hit the high end of its full-year target of around $11 billion.

June 3, 2021
Business, Fuel

GM to Build Electric Pickup at Detroit Plant

General Motors Co. is about to enter the electric-pickup battle, announcing April 6 that it will build a battery-powered Chevrolet Silverado model at its Detroit-Hamtramck plant.

April 6, 2021
Business, Technology, Fuel

EV Maker Lordstown Dips on SEC Look at Short-Seller Claims

Electric-truck startup Lordstown Motors Corp. fell in extended trading after reporting it received an inquiry on its operations from the Securities and Exchange Commission.

March 18, 2021
Business, Technology, Fuel, Autonomous

Electric Last Mile Gets 45,000 Van Orders Amid E-Commerce Boom

Electric Last Mile Inc., the plug-in delivery van startup that’s in the process of merging with blank check company Forum Merger III Corp., said it has 45,000 preorders and will start production at the former Hummer plant in Indiana in the third quarter.

March 16, 2021
Business, Technology, Fuel, Autonomous

GM-Backed Cruise Buys Self-Driving Startup Voyage

Cruise, the self-driving technology company that’s majority-owned by General Motors Co., said it acquired autonomous-vehicle startup Voyage, which operates a service in retirement communities.

March 15, 2021
Business, Technology, Fuel

Lordstown Motors Sinks as Firm That Targeted Nikola Takes Aim

Lordstown Motors Corp. plunged the most in five months after the short-seller whose attack on Nikola Corp. led to its founder’s departure turned its sights on the electric truck startup.

March 12, 2021
Business, Technology, Autonomous

Lidar Startup AEye Goes Public in $2 Billion SPAC Deal

AEye Inc., a startup that makes lidar systems for self-driving vehicles, is going public by merging with blank-check company CF Finance Acquisition Corp. III in a deal valued at $2 billion.

February 17, 2021
Business, Technology, Fuel

GM’s Mary Barra Boosts Stock as Tech Story Gains Credibility

All General Motors Co. CEO Mary Barra needed to hit a stock record was $27 billion and a bit of braggadocio.

January 20, 2021