Month: February 2023

A pair of Automotive News Europe Rising Stars have had a successful start to 2023. Onto CEO Rob Jolly’s electric car subscription service has raised 100 million pounds ($121 million) to help it expanding its EV fleet in the UK. The credit funding line comes from global investment group CDPQ and independent asset manager Pollen
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10:03 AM ET NEW YORK, U.S. — Red Bull has launched the car which will defend the Formula One title in 2023. While the colour scheme stayed true to previous seasons, Red Bull confirmed at the event at Manhattan’s Classic Car Club that it will run fan-designed liveries at the U.S. races in Miami, Austin
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Spartan Radar, an automotive software startup focused on leveraging radar technology for driver-assist systems and self-driving vehicles, closed its $17 million series B funding round on Wednesday. The funding will help the Los Alamitos, Calif., company deliver its flagship Ago software-based program that improves driver-assist systems’ resolution and range to market. It also will use
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StoreDot, a startup developing fast-charging electric vehicle batteries, and Circulor, a supply chain tracing company, unveiled a partnership Tuesday aimed at increasing transparency in the EV battery supply chain. The companies will track carbon dioxide emissions from mining the necessary raw materials used in StoreDot battery cells and the cell manufacturing process. That will help
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Asbury Automotive Group Inc. spent $2.7 million during the fourth quarter on “a significant acquisition that did not materialize,” the company said Thursday. Asbury’s sale of nine North Carolina stores in the fourth quarter was also partly agreed to in anticipation of the unconsummated purchase, CEO David Hult told analysts and investors on a call. Asbury did not
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Automotive tech supplier Aptiv reported double-digit revenue growth and a surge in net income for the fourth quarter as the company continued to mitigate supply chain uncertainty. “Proactive initiatives and risk mitigation actions related to our supply chain have contributed to our ability to keep customers connected through significant disruptions,” CEO Kevin Clark said in
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Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee
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