ChargePoint Raises $127 Million from Investors

ChargePoint Raises $127 Million from Investors

It’s not just electric vehicle makers attracting investors these days as EV charging network company ChargePoint just secured $127 million in new funding, raising its total from investors to $660 million in just more than a decade. The latest round of funding is...
Honda Posts $1.07B Q1 Loss as Sales Plummet

Honda Posts $1.07B Q1 Loss as Sales Plummet

Japanese automaker Honda reported an operating loss of $1.07 billion, or 113.6 billion yen, on revenue as the global pandemic hampered sales in across the board. Officials predicted the company would be profitable for the fiscal year, which ends March 2021, but it...
Shake-Up at Ford: Hackett Out, Farley in as CEO

Shake-Up at Ford: Hackett Out, Farley in as CEO

Ford Motor Co. Chief Executive Jim Hackett will be stepping down on Oct. 1, with the automaker’s 58-year-old chief operating officer Jim Farley named to replace him. Ford has gone through a series of management changes in recent years, the second-largest Detroit...
Lordstown Becomes Latest EV Maker to Go Public

Lordstown Becomes Latest EV Maker to Go Public

The steady stream of EV makers looking to go public to raise funds got another player: Lordstown Motors, which will merge with DiamondPeak Holdings, a shell company, to make the shift. The new public automaker, which will build electric pickup trucks aimed at...