RIYADH: The runaway five-day rally in Rivian Automotive Inc. came to an abrupt halt on Wednesday, wiping out over $23 billion from the newly public automaker. Rivian, an American electric car manufacturer, saw its shares slide by 18 percent to $140.35 per share in New York, Bloomberg reported. Go to Source
Author: World_Newz Mon
World NM: TVR Signs Deal With Green Lithium Mining Corporation, Good News Ahead001646
TVR has signed an agreement with a company called Ensorcia Metals Corporation. The latter is a green lithium firm that will form a joint venture with TVR to build electric vehicles. Through another branch of Ensorcia, TVR will build the V8-powered Griffith, so fans of the brand should be somewhat happy. Just a few months… Continue reading World NM: TVR Signs Deal With Green Lithium Mining Corporation, Good News Ahead001646
World NM: Volvo Considers New Factory in Europe, Wants to Build More Vehicles Per Year001645
Volvo Cars is pondering the possibility of a third factory in Europe, which would boost production capacity beyond its current maximum. So, instead of up to 1.2 million vehicles per year, the Swedish marque eyes significantly more, but without disclosing the company’s targets. The alleged new factory would be built sometime by the half of… Continue reading World NM: Volvo Considers New Factory in Europe, Wants to Build More Vehicles Per Year001645
World NM: Syrena: Poland’s retro electric car rolls back the years 15.11.2021001644
After the successful launch of a combustion engine version of the iconic communist-era car, the Syrena, its Polish carmaker Fabryka Samochodow Osobowych (FSO) wants to launch an electric version. The project has been possible thanks to financial support from Polfarmex and the Polish government, and the EU’s Innovative Economy initiative providing 4.5 million zlotys (€1… Continue reading World NM: Syrena: Poland’s retro electric car rolls back the years
15.11.2021001644
World NM: Hyundai Motor whistleblower, $24 million in hand, plans to help others speak up001643
YONGIN, South Korea (Reuters) -South Korean engineer Kim Gwang-ho was almost certain he would receive ample compensation from the whistleblower program of the U.S. auto safety regulator for a tip-off about safety lapses at Hyundai Motor Co, his employer of 26 years. Go to Source
World NM: The automotive plant that helped drive career opportunities for women001642
For much of its history, the Australian automobile manufacturing industry was a field dominated by men. Changing Gears: From Borg Warner to DSI, a new exhibition at the Albury Library Museum, celebrates the history of the plant and its people. Ms Eastick estimates the plant manufactured 4.1 million transmission systems over its factory life, making the part for cars… Continue reading World NM: The automotive plant that helped drive career opportunities for women001642
World NM: Jaguar Land Rover Expects Semiconductor Woes To Subside by Mid 2022001632
You might think it’s a bit pointless for any automaker to attempt to predict the future. But when you have a multi-billion dollar auto conglomerate endlessly waiting for news of some relief from the global chip shortage, any encouraging statistics are well welcome. That’s the situation the Tata-owned Jaguar Land Rover finds themselves in. First… Continue reading World NM: Jaguar Land Rover Expects Semiconductor Woes To Subside by Mid 2022001632
World NM: Chevrolet Bolt Production Halt Announced Amid Battery Fire Recall001629
Remember when countless motoring publications were hailing the Chevrolet Bolt EV as a Tesla Model 3 killer? They couldn’t have been more wrong, and General Motors couldn’t have made a bigger mess of their first mass-market electric car. Not only did they get the size wrong (it’s a subcompact), but the battery recall has surely… Continue reading World NM: Chevrolet Bolt Production Halt Announced Amid Battery Fire Recall001629
World NM: C8 Corvette Production Affected by Chip Shortage, Dealers Will Retrofit Missing ECMs001628
The C8 had a tumultuous production history, starting with the strike from 2019 that postponed the start of production for the 2020 model year. More recently, the Kentucky-based Bowling Green facility that makes the Corvette operates a single shift due to an unspecified parts shortage. According to … (continue reading…) Go to Source
World NM: 10,000 EV deliveries two months in a row for XPeng001624
Chinese electric vehicle (EV) manufacturer XPeng has reported another month of strong sales in October despite the current shortage of necessary chips and raw materials, reports the South China Morning Post. On the mainland, monthly delivery of 10,000 cars is seen as an important threshold for defining a powerful carmaker. Go to Source