Hyundai and Kia aren’t the only ones that are backing the electric vehicle maker, Arrival. Joining the automakers, investment behemoth BlackRock is looking into funding some factories for the British-based startup. This will allow the battery-powered models to have a cost advantage over the competition. It’s apparently the biggest infusion of funds that Arrival has. […]

CarMax Inc., the major national car seller, shows higher sales and profit for its latest quarter. CarMax has a chain of more than 222 retail stores. The company sells, finances and services used and new cars. CarMax’s target market is 0-10-year-old used cars. Used-vehicle sales account for about 85% of the revenue. The company said […]

The Nikola Corporation is laying out plans to charge battery-electric trucks with hydrogen fuel cell stations. This type of ambition shouldn’t surprise anybody. 2020 has seen the electric truck maker’s stock (NASDAQ:NKLA) shoot skyward 250% in all of 2020. The stock peaked at 36% in August alone. There’s no revenue for the start-up, though demand has […]