First EV SPAC Startup to Fail; NIO Confirms Plans for the U.S. – Autoline Daily 3344

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0:08 ELMS Is 1st EV SPAC Startup to Fail
1:16 NIO Confirms Plans for U.S. Market
1:47 NIO Posts Big Operating & Net Losses in Q1
2:18 Tesla Wants 3:1 Stock Split
3:26 GM Defense Expands Outside U.S.
3:58 Consumers Warm Up to AV Shuttles
4:42 Honda 3-Wheel EV Scooter
5:16 BMW M2 Features Lots of Piston Power
6:56 AvtoVAZ Is Back in Production
7:38 Schaeffler Unveils Compact E-Axle
8:36 Lockheed & GM Headed to The Moon

Story Links:
– ELMS Filing for Bankruptcy: https://www.detroitnews.com/story/business/autos/2022/06/12/troy-based-ev-startup-electric-last-mile-solutions-liquidate-tdn/7606520001/

– NIO Confirms U.S. Plans: https://autonews.gasgoo.com/china_news/70020593.html

– NIO Q1 Earnings: https://autonews.gasgoo.com/new_energy/70020552.html

– Tesla Wants Another Stock Split: https://www.reuters.com/business/autos-transportation/tesla-seek-investor-approval-3-for-1-stock-split-2022-06-10/

– GM Defense Expanding Outside the U.S.: https://news.gm.com/newsroom.detail.html/Pages/news/us/en/2022/jun/0613-gmdefense.html

– Results of Toyota & May Mobility AV Test: https://pressroom.toyota.com/toyota-mobility-foundation-supports-may-mobility-to-bring-autonomous-shuttle-service-to-hoosier-residents/

– Honda Launching 3-wheel Scooter: https://global.honda/newsroom/news/2022/c220613eng.html?from=newsrelease_area

– New BMW M2 Hits the Track: https://www.press.bmwgroup.com/global/article/detail/T0398313EN/racetrack-technology-for-the-streets:-intensive-tests-with-the-new-bmw-m2-at-the-salzburgring

– AvtoVaz Back in Production: https://www.autoblog.com/2022/06/10/russia-lada-granta-begins-production-ukraine-war/

– Schaeffler e-Axle: https://www.schaeffler.co.in/en/news-media/press_releases/press_releases_detail.jsp?id=87823360

– Lockheed & GM to Make Lunar Rovers: https://www.lockheedmartin.com/en-us/news/features/2021/lunar-terrain-vehicle.html

– To read the transcript for today’s show click here: http://www.autoline.tv/daily/?p=82207#more-82207

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