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...Nikola reiterated its support for its current board including Steve Girsky, its current CEO, a former General Motors executive who as an investor had helped Nikola list its shares....
...That is less than both the wages at Toyota’s vehicle assembly plants and the $40 an hour recently agreed at Ford, GM and Stellantis....
...Ford, General Motors and Tesla have all pumped the brakes on expanding EV production capacity in recent weeks....
...It is the first time that the UAW has simultaneously targeted all three of the carmakers that dominate Detroit — Ford, General Motors and Stellantis — as the union seeks higher pay for workers at a time...
...Tata Motors is the top-selling EV brand in India’s small market for battery-powered vehicles, followed by Chinese-owned MG Motor and Indian brand Mahindra....
...Scherr and the board had discussions then about what management skills were needed for the next phase at the company....
...Disney has defeated a challenge to its board from activist investor Nelson Peltz “by a substantial margin”....
...Carmakers, like all companies, only have a certain number of chips to place on the board....
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...The factories make Ford’s Bronco sport utility vehicle, GM’s Colorado and Canyon midsize trucks and Stellantis’ Jeep....
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...At one stage, Nikola’s market value ranked higher than General Motors until a hedge fund asked too many questions and brought it all crashing down....
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...The affected factories manufacture Ford’s Bronco sport utility vehicle, GM’s Colorado and Canyon midsize trucks, and Stellantis’ Jeep, all important moneymakers for the companies....
...That lowered the number of vehicles Volta could make and made it harder for the company to raise additional capital, the board said on Tuesday....
...GM also pulled back from ambitious targets to manufacture electric vehicles....
...But the operating environment of a motor vehicle is not fundamentally a language model. While another form of AI would no doubt help autonomous vehicles, it would not be a large language model....
...In 2017, the business said it was exploring launching a range of battery vehicles powered by its own technology....
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...The International Motor Show, Europe’s largest automobile exhibition, is usually dominated by the continent’s top combustion engine brands, including BMW, Mercedes and Porsche....
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