Business
Tesla rival Nikola cuts $US4b factory cost by making GM build truck – The Australian Financial Review
News of the ‘big deal’ sent shares of both companies surging despite a broader-market downturn. Nikola’s were up 40.8 per cent
The move sets up GM for a new revenue stream and possibly a change in its business model, essentially becoming a parts supplier to other companies for electric vehicle frames, batteries, controls and components.
GM has been under pressure from Wall Street to more quickly monetise its electric vehicle technology and industry analysts have suggested spinning off its EV unit as a separate company.
Barra said on a conference call that GM has a platform that others can use that’s going to give us s…
-
Business19 hours agoWhy Vault Minerals, Droneshield, Westgold Resources shares are climbing higher today
-
General24 hours agoBrick portico a relic of ‘prestigious’ Horton College in northern midlands
-
Noosa News14 hours agoRacing Queensland responds to criticism of ‘deadliest’ greyhound track
-
Noosa News22 hours agoDramatic details emerge of moment woman loses arm in attack by lion in Queensland Zoo