Category: News Type

VW in advanced talks over listing Porsche brand

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Abandoned burning ship ‘had $400m cargo of luxury cars’

Abandoned burning ship ‘had $400m cargo of luxury cars’ Estimate by insurers comes as Felicity Ace is ‘still assumed to remain on fire south of the Azores’ Felicity Ace’s cargo included Porsche, Audi, Bentley and Lamborghini models. Photograph: Portuguese Navy Handout/EPA Felicity Ace’s cargo included Porsche, Audi, Bentley and Lamborghini models. Photograph: Portuguese Navy Handout/EPA… Continue reading Abandoned burning ship ‘had $400m cargo of luxury cars’

Last mile delivery e-bike supplier Zoomo tacks on $20M to Series B

Zoomo, an Australian startup that builds utility e-bikes for delivery workers, has raised an additional $20 million in equity to close out its Series B round. In November, the company raised $60 million in equity and debt for its Series B, which it used to fund further software development and more vehicles to expand. The… Continue reading Last mile delivery e-bike supplier Zoomo tacks on $20M to Series B

@BMW: For the highest level of well-being in the luxury segment: the BMW i7 undergoes acoustic testing at the new FIZ North site.001775

Munich. The BMW i7 (combined power consumption: 22.5 – 19.5 kWh/100 km according to WLTP; CO2 emissions: 0 g/km; forecast based on the vehicle’s development status to date) is being developed with the aim of combining hallmark driving pleasure with a level of comfort that is in a class of its own. One key factor… Continue reading @BMW: For the highest level of well-being in the luxury segment: the BMW i7 undergoes acoustic testing at the new FIZ North site.001775

07:00 ETDana Technology Featured on 2022 North American Truck and SUV of the YearDana Incorporated (NYSE: DAN) announced today that its innovative tec…

MAUMEE, Ohio, Feb. 21, 2022 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today that its innovative technologies are featured on the 2022 Ford Maverick™ and Ford® Bronco®, the North American Truck and SUV of the Year, respectively.  “Dana has been working with Ford since it provided driveline technologies for the revolutionary Model T, and we… Continue reading 07:00 ETDana Technology Featured on 2022 North American Truck and SUV of the YearDana Incorporated (NYSE: DAN) announced today that its innovative tec…

GM halts in-vehicle shopping app, looks to possibly bring better service

General Motors is phasing out its Marketplace app on millions of vehicles as it studies a better in-vehicle-purchase software replacement. The move is part of GM’s quest, which it outlined last October during its Investor Day, to reach $20 billion to $25 billion in revenue from its various subscription services by the end of the decade.  “We… Continue reading GM halts in-vehicle shopping app, looks to possibly bring better service

Ford recruits CEO with Detroit roots to run Michigan Central Station, Corktown site

Joshua Sirefman, an urban planner who trained at the University of Michigan and began his career in Detroit, is returning to lead the evolution of Michigan Central Station as the new CEO of what is now a subsidiary of Ford Motor Co. Sirefman, 54, lives in New York City and plans to look for a home within walking… Continue reading Ford recruits CEO with Detroit roots to run Michigan Central Station, Corktown site

Volta Trucks concludes Series C funding

Volta Trucks, a full-electric commercial vehicle manufacturer and services provider, has announced the successful and oversubscribed conclusion of its Series C funding round with a €230 million capital raise. The funding round was led by New York-based Luxor Capital, while initial seed investor, Byggmästare Anders J Ahlström of Stockholm, added to its holding in the… Continue reading Volta Trucks concludes Series C funding