Jim Cramer, the host of CNBC’s Mad Money, cofounder of the Street, and former stockbroker and hedge fund manager, spoke with Katherine Ross, correspondent at the Street, earlier today. Here’s what Cramer had to say to Ross about Joe Biden, Janet Yellen being chosen for secretary of the treasury, green energy, General Electric, and Big Oil. Jim Cramer’s Take
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Nikola Motor Company Two truck Source: Nikola Motor Company Shares of embattled electric vehicle start-up Nikola Corp. fell by more than 8% in afterhours trading after CEO Mark Russell failed to reassure investors that the company’s $2 billion deal with General Motors would still go through and that ousted founder Trevor Milton wouldn’t suddenly sell
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Elon Musk briefed a European battery conference on Tesla’s efforts to bring longer-range electric cars to market in the coming years, though he broke little new ground with regard to timing or other specifics. The factory Tesla is building near Berlin will make cars tailored for European buyers, including smaller models that can park in
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A Jaguar Land Rover lawsuit seeks to block United States imports of certain Volkswagen Group SUVs, claiming the German automaker illegally copied its Terrain Response system, Bloomberg reported last week. JLR is asking the U.S. International Trade Commission to stop imports for Audi, Lamborghini, Porsche, and VW SUVs, claiming their use of systems that change
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The significance of the Detroit 3’s new contracts with the Canadian union Unifor is hard to overstate. When talks began in the summer, the future was in doubt for Ford Motor Co.’s plant in Oakville, Ontario. Feelings were still raw over General Motors’ 2019 closure of its historic Oshawa plant. And Fiat Chrysler’s minivan plant
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Didi Chuxing, the Chinese mobile transportation and local services platform, has unveiled the world’s first custom-built, all-electric car for ride-hailing: the BYD D1. It was co-developed with BYD, with a goal to perfectly fit the ride-sharing duty. It looks great, has short overhangs, sliding rear doors for easy and safe access and more legroom space
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Volkswagen Group’s future direction is clear to its CEO, Herbert Diess: The solution is electric mobility. With its program for full-electric cars in all the main market segments, VW aims to comply with increasingly tougher global CO2 emissions regulations and also make a contribution to a greener planet. Diess, 62, talked about this, changes in
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McLaren Automotive will call its upcoming plug-in hybrid the Artura, the latest detail to be revealed about the supercar. The electrified vehicle was previously referred to as the P16, its code-name. A McLaren spokesman said Artura is a newly created name that “represents the art of design and future technology.” McLaren released an image of
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