General Electric Shares Gain Despite a Q3 EPS Miss, Slashed FY Profit Forecast By

© Reuters. By Senad Karaahmetovic Shares of General Electric (NYSE:) are up about 5% in pre-open Tuesday trading after the company delivered mixed Q3 results. General Electric an EPS of $0.35, a big miss compared to the analyst estimate of $0.50. Revenue for the quarter came in at $19.1 billion versus the consensus estimate of … Read more

Ola Electric launches new e-scooter for introductory price of Rs 79,999

Bengaluru, Oct 22 (IANS) Ola Electric on Saturday launched an all-new Ola S1 Air electric scooter at a special introductory price of Rs 79,999. The e-scooter weighs 99 kgs and claims to deliver top speed of 85 km per hour, and goes from zero to 40 in just 4.3 seconds. The new S1 Air is … Read more

General Electric Healthcare Spin-Off a Positive Catalyst for GE Shares

© Reuters. By Sam Boughedda General Electric Healthcare (NYSE:) filed its Form 10 after market close on October 11, with the planned spin-off expected in the first week of January 2023. Following the news, BofA analysts said the firm believes there are positives from the healthcare spin-off. “We view the Healthcare and Vernova (Power & … Read more

BYD Launces Atto 3 Electric SUV in India By

© Reuters. By Michael Elkins Chinese electric vehicle maker, BYD (OTC:) announced on Tuesday that they launched the company’s first passenger car in India. The Atto 3 is an electric SUV fitted with BYD’s renowned Blade battery technology. The launch is the first step in the Warren Buffet backed company’s plan to corner 40% of … Read more

Toshiba India to power Evage’s electric vans with its batteries

New Delhi, Oct 11 (IANS) Toshiba India on Tuesday signed a deal with Indian EV startup EVage to supply its SCiB rechargeable lithium-ion cells to power the next 10,000 EVage electric commercial vehicles. With this agreement, EVage has become the first company in the world to use Toshiba’s SCiB technology for delivery vans. EVage is … Read more

BMW Sets Electric Vehicle Sales Record in 3Q By

© Reuters. By Michael Elkins  BMW of North America released their 3Q results this week for the BMW and MINI brands. BMW brand sales in the U.S. totaled 78,031 vehicles, a 3.2% increase from the 75,619 vehicles sold in the third quarter of 2021. The company also increased availability for their BMW iX Sports Activity … Read more

XPeng Reveals Pricing and Specs for G9 Electric SUV By

© Reuters. By Michael Elkins  Chinese electric vehicle maker, Xpeng (NYSE:) revealed the pricing and specifications for its G9 flagship SUV on Wednesday. Coming with three range options and six configuration selections, the model features a price range of 309,900-469,900 yuan ($43,970-$66,670). “G9 is the world’s fastest-charging mass-production SUV and boasts the industry’s first full-scenario … Read more

Schneider Electric Agrees to £9.4B Acquisition of Rest of U.K. Software Firm Aveva

By Scott Kanowsky — Schneider Electric SE (EPA:) announced on Wednesday that it has reached an agreement to purchase the 40% of AVEVA Group PLC (LON:) it does not already own, in a deal that values the U.K. software firm at more than £9.4B. The French industrial company said in a statement that Aveva … Read more

Ford Gives Dealerships 2 Months to Decide on Selling Electric Vehicles By

© Reuters. By Michael Elkins Ford Motor Company (NYSE:) announced at its annual dealership meetings in Las Vegas this week, that the company is requiring dealerships to invest, evolve, improve, and offer new services if they want to be a Model E dealership and sell electric vehicles. CEO Jim Farley, at the event, talked about … Read more