Category: News Type

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

Hankook Tire to Supply Original Equipment for 2022 Infiniti QX60

Hankook’s Dynapro HP2 provides a secure match for the new luxury SUV with the focus on a comfortable and quiet ride. The Dynapro HP2 serves all-season functionality with a high-density polyester carcass that improves steering stability and handling response. Noise reduction technology has been applied to maximize comfort, and a high loading silica compound lowers… Continue reading Hankook Tire to Supply Original Equipment for 2022 Infiniti QX60

@BMW: Joint winners in the BMW Munich – Urban Production architecture competition001774

Munich. The winners of the BMW Munich – Urban Production architecture competition for outstanding, future-proof production at the home plant in Munich have been decided. The jury of the international contest voted unanimously in favour of designs by Rotterdam’s OMA and Copenhagen’s 3XN architects. After a day and a half of intense deliberation, they concluded… Continue reading @BMW: Joint winners in the BMW Munich – Urban Production architecture competition001774

Tesla receives supplies for batteries from Japan’s Panasonic (87%), LG Energy Solution(19%), CATL (21%)

It was found that Japan’s No. 1 battery manufacturer Panasonic’s dependence on Tesla exceed 87%. Panasonic has an opposite strategy compared to LG Energy Solution and CATL, which have been diversifying their customers. Tesla and Panasonic are under the spotlight whether they will succeed in a market rebound by pushing for mass production of next-generation cylindrical… Continue reading Tesla receives supplies for batteries from Japan’s Panasonic (87%), LG Energy Solution(19%), CATL (21%)

Aptera’s beta SEV beat a Tesla Model 3 and Audi R8 GT Spyder in a drag race

Solar EV startup Aptera Motors posted a video that puts the beta version of its upcoming SEV against an alpha version, a Tesla Model 3, and an Audi R8 GT Spyder in a desert drag race. While it’s a very close race (for the Audi at least), the Aptera appears to just barely edge out… Continue reading Aptera’s beta SEV beat a Tesla Model 3 and Audi R8 GT Spyder in a drag race

New Ferrari Purosangue SUV confirmed for launch in 2022

The new Ferrari Purosangue SUV will make its debut later this year, with its arrival confirmed as part of the Italian brand’s 2021 financial report. It’ll be the Ferrari’s first ever off-roader – and has been designed to rival luxury models such as the Aston Martin DBX, the Lamborghini Urus and the Bentley Bentayga. Ferrari… Continue reading New Ferrari Purosangue SUV confirmed for launch in 2022