Battery startup Our Next Energy Inc. raised $300 million in its series B funding round, the company said Wednesday. The investments valued the Michigan company at $1.2 billion. The company intends to use the funds for building the second phase of a $1.6 billion battery cell factory slated for completion in 2024, company founder and
Month: February 2023
In this article RIVN F Follow your favorite stocksCREATE FREE ACCOUNT RJ Scaringe, Rivian founder and CEO, and Ford Executive Chairman Bill Ford announce a $500 million Ford investment in Rivian. Source: Ford Motor Co. DETROIT – Ford Motor liquidated most of its ownership stake last year in electric vehicle maker Rivian Automotive, according to
Revived Italian sports car marque Bizzarrini is working on a new V-12 supercar, and we were given a teasing look this week. It’s called the Giotto, after Bizzarrini founder Giotto Bizzarrini, and Giorgetto Giugiaro has been tapped to help design the car. 2024 Chevrolet Corvette Z06 GT3.R race car Chevrolet is jumping into the customer
Rationalizing your business in an already high-cost, low-return industry that is undergoing major change is not easy. Look no further than Ford and its Fiesta. The almost 50-year-old small hatchback has been one of Europe’s most popular models. Less than a decade ago, Ford was celebrating it becoming the UK’s best-selling car of all time.
Feb 3, 2023 NEW YORK — Ford has confirmed it will return to Formula One in 2026 as it joins forces with world champions Red Bull. The American automotive giant announced its return to the sport on Friday morning at Red Bull’s launch event in New York. The deal will see Ford team up with
Californian Drivers Keep Ignoring Closed Road Signs Plunging Into Sinkhole | Carscoops When the sign says “road closed”, there’s a very good reason for that by Stephen Rivers 3 hours ago by Stephen Rivers Road closed signs are often in place due to potential hazards like flood water, road maintenance taking place, or in this
SAN FRANCISCO — A jury cleared Elon Musk of claims by Tesla Inc. investors that he defrauded them when he tweeted 4 1/2 years ago that he was considering taking the company private and had “funding secured” to make the deal happen. The verdict in San Francisco federal court rejects allegations that the electric-car maker’s
Road trips in electric vehicles could soon become more feasible and easier to plan with Electrify America charging stations coming to travel centers across the U.S. Electrify America and TravelCenters of America detailed a new partnership Monday to install 1,000 chargers at 200 TravelCenters locations along major highways over the next five years. The companies
This one is a bit out there, even for me. But stick with me here, because there’s just something about a giant ride-on electric dinosaur powered by a mystery electric motor that feels perfectly fitting for the Awesomely Weird Alibaba Electric Vehicle of the Week column. This, ladies and gentlemen, is perhaps one of the
Fotostorm | E+ | Getty Images For a rising share of car owners, monthly auto loan payments appear to be evolving into a problem. While borrowers who are behind on their payments by more than 60 days represent a tiny portion of all outstanding auto loans — 1.84% — their ranks are growing, according to
Detroit Editor Todd Lassa heads out to Moab, Utah to see if the all-new 2011 Grand Cherokee lives up to its Jeep namesake. Read the full story here: http://www.motortrend.com/roadtests/suvs/1008_2011_jeep_grand_cherokee_drive/index.html
SAN LUIS POTOSI, Mexico — BMW plans to invest 800 million euros ($866 million) in the central Mexican state of San Luis Potosi to produce high-voltage batteries and fully electric Neue Klasse models. The expansion, set to add around 1,000 new jobs at its operations in the Mexican state, is BMW’s latest push into electric
4:28 PM ET NEW YORK — Five years ago, all of this seemed impossible. Formula One broadcasts were just returning to ESPN airwaves, Netflix’s “Drive to Survive” series was still a year away from premiering, and the sport’s popularity in the U.S. showed few signs of emerging from a decades-long slumber. There was a four-year
Video Shows UK Driver Ramming Police Officer On Motorcycle | Carscoops The driver pled guilty to 14 offenses and will be spending four years in jail by Michael Gauthier February 2, 2023 at 18:06 by Michael Gauthier London’s Metropolitan Police have released footage of a driver who intentionally slammed into an officer on a motorcycle
A day after a “frustrating” earnings report, Ford Motor Co. CEO Jim Farley told employees in a letter that he is cutting the percentage used to calculate bonuses for senior leaders including himself. The letter, co-signed by CFO John Lawler and obtained by Automotive News, explained that for 2022, the company’s salaried work force is
TOKYO – Honda will use a new hydrogen fuel cell system jointly developed with General Motors in a U.S.-built CR-V crossover. The fuel cell CR-V will be built in Ohio and will launch in the U.S. and Japan by the end of next year. Europe sales are still under consideration, Honda said in a statement.
The US Treasury Department announced today it revised its vehicle classification definitions, which means more EV models will become eligible for up to $7,500 tax credits. We previously reported how five-seat Tesla Model Y variants, the Cadillac Lyriq and more expensive trim levels of the Ford Mustang Mach-E did not qualify for the incentives because
In this article TSLA TWTR Follow your favorite stocksCREATE FREE ACCOUNT Tesla CEO Elon Musk and his security detail depart the company’s local office in Washington, January 27, 2023. Jonathan Ernst | Reuters Elon Musk and Tesla were found not liable by a jury in a San Francisco federal court on Friday in a class-action