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General Motors formally teamed up with Nikola Motors, inking a deal yesterday to help the electric-truck startup to develop and manufacture new electric truck models, in exchange for an 11% stake in Nikola Corp, The Wall Street Journal reported. Both company’s stock prices jumped after the announcement showing that investors are still sweet on big […]
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On Tuesday, while governments struggled mightily to deal with the climate emergency at the UN Climate Meeting and U.S. stakeholders tried to make lemonade out of the U.S. pullout of the Paris Accord by proclaiming that U.S. Governors, Mayors, and major corporations are “Still In,” back in Detroit, General Motors rolled out their largest SUV ever — adding 7 full inches to the Tahoe truck.
Why This Matters: Transportation accounts for 23% of carbon emissions globally according to the IPCC. As long as gas is cheap, car companies will keep making gas guzzlers and the public will keep buying them.
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On Friday, Tesla CEO Elon Musk “rolled out” the company’s much-anticipated entry into the electric pickup truck market, and it was eye-catching and unconventional, to say the least. Worse yet, the demonstration of the vehicle’s “unbreakable metal” glass windows did not exactly go as planned, when a metal ball thrown at the windows broke them, not once but twice.
Why This Matters: This truck may be something that tech bros in Silicon Valley would buy. But does it look like the kind of vehicle that will sell well in the heartland?
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