billion

Bentley To Spend $3.4 Billion To Become All-Electric By 2030

Bentley To Spend $3.4 Billion To Become All-Electric By 2030

British luxury carmaker Bentley is investing 2.5 billion pounds ($3.4 billion) to replace its three … [+] gas-powered models with battery electric cars by 2030. getty Bentley, the Volkswagen-owned British luxury automaker known for its powerful 12-cylinder engines, will invest 2.5 billion pounds ($3.4 billion) to convert to a fully electric product lineup by 2030. …

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GM Pouring $7 Billion Into New EV Plants In Michigan

GM Pouring $7 Billion Into New EV Plants In Michigan

Early conceptual rendering of Ultium Cells LLC battery cell manufacturing facility in Spring Hill, … [+] Tennessee. Construction on the approximately 2.8 million-square-foot facility will begin immediately, and it is scheduled to open in late 2023. Actual facility may not be constructed as shown. General Motors Over the past four years, General Motors has garnered …

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Ford Blows Past $100 Billion Market Valuation As Shares Surge Thanks To Hot Electric Vehicle Plans

Ford Blows Past $100 Billion Market Valuation As Shares Surge Thanks To Hot Electric Vehicle Plans

Topline Shares of Ford continued to move higher on Thursday—with the legacy automaker’s market value surpassing $100 billion for the first time ever—as more Wall Street analysts bet on the company successfully ramping up electric vehicle production. Ford CEO Jim Farley stands next to the company’s new F-150 Lightning pickup. Carlos Osorio/ASSOCIATED PRESS Key Facts …

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Intel Plans Potential $50 Billion IPO For Its Israeli Self-Driving Car Unit, Shares Rise

Intel Plans Potential $50 Billion IPO For Its Israeli Self-Driving Car Unit, Shares Rise

Topline Shares of chipmaker giant Intel, which have largely underperformed so far this year, rose by more than 4% Tuesday after the company announced plans to take its self-driving car unit public in 2022 at a potential $50 billion valuation. Intel shares have largely struggled this year but rose more than 4% on the news. …

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