To: rimshot who wrote (259) | 4/5/2022 7:41:13 PM | From: rimshot | | | In a bid to beat Tesla in sales, General Motors and Honda said they will develop a series of lower-priced electric vehicles based on a new joint platform, producing potentially millions of cars from 2027.
Read more behind the Reuters paywall - t.co
excerpt -
The announcement expands on plans for GM to begin building two electric SUVs for Honda starting in 2024 - the Honda Prologue and an Acura model.
The automakers said the new deal is for "affordable" EVs, including compact crossover vehicles, built using GM's Ultium battery technology. The compact crossover is the biggest selling auto sector in the world with annual volumes of more than 13 million vehicles, the companies said.
The companies declined to say how much they are investing as part of the new collaboration.
GM Chief Executive Mary Barra said Tuesday at an Axios event the pricing will come in below the $30,000 price tag planned for the electric Chevrolet Equinox SUV.
She said the new lower-priced vehicles would be "attainable EVs."
She said the new vehicle is part of GM's plan to surpass Tesla in EV sales. |
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To: rimshot who wrote (264) | 4/6/2022 9:22:40 AM | From: rimshot | | | ADBE printing 449.90 by 451.00 on 11,512 shares in today's pre-market with 8 minutes to go to the open 455.07 = April 5 low |
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To: rimshot who wrote (269) | 4/6/2022 6:13:49 PM | From: rimshot | | | COST - Costco - March 2022 Same Store Sales for 5 weeks ended April 3 released tonight -
* the inflation trade is working for them!
ex-gas price changes and f/x US only +12.7% ex-gas price changes and f/x Total company +12.2%
headline comps: US only +19.1% --- Total company +17.2%
net sales surged 18.7% Y / Y to $21.61 B in the 5 weeks ended April 3 |
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To: rimshot who wrote (259) | 4/11/2022 6:33:39 PM | From: rimshot | | | General Motors - Monday April 11 close - daily chart -
* two brokers made positive comments today about GM, one of which compared owning GM vs. Ford for future positive returns
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To: rimshot who wrote (267) | 4/12/2022 4:11:30 PM | From: rimshot | | | Japan's Honda plans to spend $64 billion on research and development over the next decade, the company said, laying out an ambitious target to roll out 30 electric vehicle models globally by 2030 -
t.co
HMC daily chart, April 12
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