Chevy revealed the price and details for the 2024 Blazer EV.
Tesla, Ford, and Volkswagen are reportedly leading talks with Exxon Mobil to secure lithium for EV batteries from a new source in Arkansas. As the demand for electric vehicles grows, automakers seek a stable lithium supply. Traditionally an oil giant, Exxon aims to enter the lithium business following the broader automotive industry shift toward electric and hybrid drivetrains.
Aston Martin raised $277M by offering 58.2 million new shares at a 6.2% discount to reduce its expensive debt. The company is working to improve its financial stability.
BMW raised its annual outlook between 9%-10.5%, up from 8%-10%, expecting solid delivery growth. However, the company warns of continued challenges from supply chain issues and inflation in the latter half of the year. They also reduced their forecast for free cash flow, citing increased investment in electrification and inventory stocking, leading to a 4.5% drop in share value.