Taiwanese solid-state battery maker ProLogium Technology is considering raising fresh funding at a valuation of about $2 billion to ramp up growth and investments, people familiar with the matter said. The electric-vehicle battery supplier, whose backers include Mercedes-Benz and Vietnam’s VinFast, is in talks with potential advisers to raise as much as $300 million, the
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May 9, 2023, 08:33 AM ET Alpine boss Laurent Rossi has warned the Renault-owned Formula One team he will make changes before the end of the season if performance does not improve. Alpine ended last year fourth but are now sixth with French drivers Esteban Ocon and Pierre Gasly scoring just 14 points from five
Watch Brazen Thieves Steal Mercedes-AMG G 63 And Rolls-Royce Cullinan From A Miami House | Carscoops Police recovered both cars, but two of the thieves are still at large by Brad Anderson 2 hours ago by Brad Anderson A group of thieves have been caught on the security camera of a luxury home in Kendall,
UVeye, a company that uses artificial intelligence for vehicle inspections, has raised $100 million from investors including General Motors Co. and CarMax Inc The Series D round was led by Hanaco Ventures, a venture firm based in New York and Tel Aviv, and brings UVeye’s total funds raised to $200 million, the company plans to
General Motors said Tuesday that it has hired Mike Abbott, who led cloud services at Apple Inc., to be its executive vice president of software. Abbott, 50, will begin in the newly created role May 22, reporting to CEO Mary Barra, GM said. He will lead a reorganized software team focused on information and digital
Tesla CEO Elon Musk has announced plans to offer the Full Self-Driving feature as a free 1-month trial to every Tesla owner in North America. The company plans to extend the program globally once FSD is deemed safe by Tesla on local roads and is approved by regulators in specific countries. That said, Elon Musk did
In this article GM Follow your favorite stocksCREATE FREE ACCOUNT A sign with the General Motors quality mission statement stands in the lobby at the GM Warren Tech Center in Warren, Michigan. Rebecca Cook | Reuters DETROIT – General Motors has hired former Apple executive Mike Abbott to lead a newly created software unit for
Audi’s A5 family currently consists of coupe, convertible, and hatchback body styles, but a new A5 Avant wagon is expected to join it for the next generation. Avant is the name Audi uses for the wagon body style. A prototype for the wagon has been spotted again, in sporty S5 Avant guise. Prototypes for the
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By William Johnson Posted on May 6, 2023 Tesla stock narrowly missed a weekly loss record that it has avoided since 2021, likely thanks to a solid sales report from China. Since the start of the year, Tesla stock has been consistently recovering from its low point at the end of last year. However, that
Is The Porsche 911 Dakar Good Enough To Impress Chris Harris? | Carscoops The Porsche 911 Dakar uses the same 3.0-liter twin-turbo six as the Carrera 4 GTS by Brad Anderson 2 hours ago by Brad Anderson The Porsche 911 Dakar is one of the more intriguing variants of the famed 911 that the German
Peter Bosch, production chief at Bentley, will become CEO of Volkswagen Group‘s software unit Cariad on June 1, taking over from Dirk Hilgenberg. Bosch will also assume responsibility for finance, purchasing and IT, VW said on Monday in a statement Bosch is a former Oliver Wyman consultant who spent nearly seven years at the VW
Laurence Edmondson, F1 EditorMay 8, 2023, 10:07 AM ET Close • Joined ESPN in 2009• An FIA accredited F1 journalist since 2011 MIAMI, Florida — The organisers of the Miami Grand Prix have held discussions about turning their annual Formula One event into a night race in the future. The 3.3-mile circuit is located around the grounds
Take A Peek Inside Atlanta’s New Porsche-Themed Hotel Suite | Carscoops Visitors can put on a personalized bathrobe and relax by reading a Porsche book, while being surrounded by Porsche art by Michael Gauthier May 8, 2023 at 16:30 by Michael Gauthier People looking to embrace the Porsche lifestyle are in luck as Porsche Cars
Lucid Motors cut its production forecast to “over 10,000” this year from its previous estimate of 10,000 to 14,000 and posted a first-quarter net loss of $780 million as it burns through cash amid waning demand. Despite the disappointing numbers, which sent its stock price down nearly 9 percent in extended trading, CEO Peter Rawlinson
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Win Mcnamee | Getty Images News | Getty Images Tesla CEO Elon Musk joined Texas Governor Greg Abbott to break ground at the site of the electric vehicle maker’s new lithium refinery in Corpus Christi on Monday. Tesla plans to invest $375 million to build
BANGKOK — Toyota has stopped sales and deliveries of its Yaris Ativ in Thailand, senior officials said on Monday, after its affiliate Daihatsu rigged part of the door in side-collision safety tests. Speaking at a press conference in Bangkok, Toyota’s CEO for the Asia region, Masahiko Maeda, said the problem may have occurred due to
May 8, 2023, 09:14 AM ET Red Bull have never started a Formula One season so well and are wondering what happened to rivals like Ferrari and Mercedes, team boss Christian Horner said on Sunday after five wins in five races. Four have been one-two finishes, with two-time world champion Max Verstappen now on three