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Seaport says GM is leader in China, trucks and autonomous cars. Initiates as a buy with $48 targetSeaport says GM is a leader in China, trucks and autonomous cars. Initiates coverage as a buy with $48 price target
Source: CNBC - 🏆 12. / 72 Read more »
'It's a war' — Detroit automakers battle for dominance in wildly profitable heavy duty truck marketTruck owners, both professional contractors and recreational drivers, want serious towing capacity. The newly updated Sierra Denali HD pickup, unveiled by GMC at the San Diego waterfront last month pulled a yacht and life boat weighing 225,00 pounds. One spike in fuel prices and all these big pickups will be dead. 😉
Source: CNBC - 🏆 12. / 72 Read more »
Self-driving truck startup achieves unicorn status in funding round that values it at $1 billionTuSimple is developing technology to allow shipping companies to operate self-driving class 8 tractor trailers, potentially eliminating the need for drivers, the biggest expense facing trucking firms today, especially in a tight labor market. that tractor dead intense , your unicorn is of no use here,lol. Share that billion out go on. lol Reckon Tesla needs to go to Mars before these self driving pilot schemes stop running pedestrians over. Just saying stock market value is not always accurate.
Source: CNBC - 🏆 12. / 72 Read more »
Morgan Stanley: An electric pickup from Tesla or Rivian is a 'serious problem' for DetroitThe highly profitable pickup truck market is the next to be revolutionized by electric vehicles, Morgan Stanley told investors in a note on Thursday. Italy has them...delivery services etc. Small, light, easy to park and quiet and no diesel fumes (diesel being banned more and more in Euro-cities) I can't see a redneck driving an electric truck. as a tesla fan i see rivian as welcomed addition for this world if ford and gm do not get their shit together i don't see any hope for them in the future
Source: CNBC - 🏆 12. / 72 Read more »