Porsche is strengthening its ties with Rimac, an electric supercar company, by participating in a $500 million investment round for the Croatia-based startup. Porsche didn’t disclose the exact amount it invested in Rimac, except to say it was “eight figures.” And Porsche won’t have a controlling interest in Rimac, retaining its previously disclosed 20 percent… Continue reading Porsche strengthens ties with electric supercar startup Rimac in new funding round
Author: The Verge Online News
Facebook and Instagram’s parent company will change its stock ticker to META on June 9th
When the company formerly known as Facebook announced its plan to rebrand last October, it also announced a new stock ticker. At the time, execs said that after ten years as FB, its NASDAQ listing would transition to MVRS for the metaverse. However, after the investment fund listed under META vacated the symbol in January,… Continue reading Facebook and Instagram’s parent company will change its stock ticker to META on June 9th
The push-button ignition was a luxurious way to start your car until it wasn’t
The first time I started a car by pressing a button, it felt too easy and convenient — like I had somehow stumbled into a tax bracket I don’t belong in. “You’re telling me,” I thought, “that I can just leave my keys in my pocket, and the car will let me get in and… Continue reading The push-button ignition was a luxurious way to start your car until it wasn’t
The US has fallen way behind on climate goals
The US is doing a pretty horrible job of following through on promises it’s made to tackle climate change, according to two separate new studies. A global ranking of countries completed by Yale and Columbia found that the US now ranks 43rd among 180 nations that Columbia and Yale evaluated in their most recent Environmental… Continue reading The US has fallen way behind on climate goals
A once-in-a-lifetime bird
I t’s hard to know how much drinking will kill a person until it does. In the early ’00s, Chris was in Maine’s music industry. He was the baritone sax player for a screamo band called Animal Suit Driveby, later rebranded The Killing Moon after the label asked for a more serious name. But more… Continue reading A once-in-a-lifetime bird
Trucking simulator shelves Russia-themed expansion after Ukraine invasion
Euro Truck Simulator 2 has shelved an upcoming Russia-themed expansion pack after the country’s invasion of Ukraine, its developer SCS Software has announced. In a blog post, the Czech Republic-based developer said that it has cancelled the imminent release of the Heart of Russia DLC pack “so that it is not perceived in any way… Continue reading Trucking simulator shelves Russia-themed expansion after Ukraine invasion
Rivian manufacturing executive leaves as part of reorganization
Rivian’s Charly Mwangi, its executive vice president of manufacturing engineering and a former Tesla exec, is leaving the company as part of a bigger shakeup splitting up parts of the company, according to Bloomberg. “The reorganization calls for splitting the commercial business, which includes delivery vans made for Amazon, from the retail side of the… Continue reading Rivian manufacturing executive leaves as part of reorganization
DeLorean offers a first look at its gull-winged Alpha 5 EV revival
DeLorean Motor Company has revealed the first images of the Alpha 5 electric vehicle (EV), the brand’s attempt at resurrecting the DeLorean name in an all-electric form. Staying true to the classic ‘80s-era DeLorean known for its appearance in Back to the Future, the Alpha 5 comes with those iconic gull-wing doors and can reach… Continue reading DeLorean offers a first look at its gull-winged Alpha 5 EV revival
Federal regulators crack down after pipeline caught spewing CO2
Federal regulators are beginning to crack down on a new generation of pipelines that will be crucial for the Biden administration’s plans to capture millions of tons of carbon dioxide to combat climate change. The Pipeline and Hazardous Materials Safety Administration (PHMSA) proposed penalties yesterday on the operator of one such pipeline that ruptured in… Continue reading Federal regulators crack down after pipeline caught spewing CO2
Ford delivers its first F-150 Lightning as EV truck war kicks into high gear
A rural Michigan man became the first person in the nation to receive a Ford F-150 Lightning, according to Bloomberg. Nicholas Schmidt, the chief technology officer of a grid optimization startup, took delivery Thursday of a silver electric truck at Richardson Ford, a dealership in the small town of Standish, Michigan. According to Bloomberg, Schmidt… Continue reading Ford delivers its first F-150 Lightning as EV truck war kicks into high gear