Category: Official Press Release

Cummins and Isuzu Announce Global Mid-Range Powertrain and Advanced Engineering Collaboration

COLUMBUS, Ind.–(BUSINESS WIRE)–Today, Cummins Inc. (NYSE: CMI) and Isuzu Motors Limited (Isuzu) announced agreements for a global mid-range diesel powertrain and an advanced engineering collaboration, marking another step forward in the Isuzu Cummins Powertrain Partnership (ICPP). The partnership, formed in May 2019, formalized a business structure for the two companies to evaluate and carry out… Continue reading Cummins and Isuzu Announce Global Mid-Range Powertrain and Advanced Engineering Collaboration

@BMW: ROLLS-ROYCE SPIRIT OF ECSTASY: STILL FLYING HIGH000896

Spirit of Ecstasy design first officially registered as intellectual property of Rolls-Royce on 6 February 1911 A defining feature of the Rolls-Royce brand, gracing the bonnet of every motor car built at Goodwood, and one of the most famous, iconic and desirable emblems in the world Based on a bronze statuette, the ‘Whisper’, created by… Continue reading @BMW: ROLLS-ROYCE SPIRIT OF ECSTASY: STILL FLYING HIGH000896

World NM: Ford posts $1.3b loss for 2020000825

Ford Motor Company reported a loss of $2.8 billion and a revenue of $36 billion in the fourth quarter of 2020. For the whole year of 2020, the Dearborn-based automaker reported a loss of $1.3 billion and a revenue of $127.1 billion. The US automaker generated $1.9 billion in adjusted free cash flow in the… Continue reading World NM: Ford posts $1.3b loss for 2020000825

World NM: Tesla’s Shanghai factory produces superchargers000824

Tesla Inc has started producing electric vehicle superchargers at its new plant in Shanghai, as the US electric carmaker continues to expand its footprint in China, the world’s largest automobile market. Total EV sales in China reached 1.3 million units in 2020, up from 1.1 million units in 2019. Xpeng Motors, another Chinese electric carmaker,… Continue reading World NM: Tesla’s Shanghai factory produces superchargers000824

@Ford: CORRECTING and REPLACING MULTIMEDIA Ford Raises Planned Investment in EV, AV Leadership to $29 Billion; Further Advances Turnaround of Global Automotive Business in Q4

DEARBORN, Mich.–(BUSINESS WIRE)–Please replace the multimedia with the accompanying corrected multimedia. The updated release reads: FORD RAISES PLANNED INVESTMENT IN EV, AV LEADERSHIP TO $29 BILLION; FURTHER ADVANCES TURNAROUND OF GLOBAL AUTOMOTIVE BUSINESS IN Q4 Ford Motor Company (NYSE:F) today reported its 2020 fourth-quarter and full-year financial results. Click here or visit media.ford.com to view… Continue reading @Ford: CORRECTING and REPLACING MULTIMEDIA Ford Raises Planned Investment in EV, AV Leadership to $29 Billion; Further Advances Turnaround of Global Automotive Business in Q4

@niche: Israeli EV startup REE to go public through $3.6 billion blank-check deal000518

By Reuters Staff 2 Min Read (Reuters) – Electric vehicle technology startup REE Automotive has agreed to go public through a merger with a blank-check company, in a deal that values the Israeli firm at around $3.6 billion, the companies said on Wednesday. FILE PHOTO: A prototype of a platform by Israel’s REE Automotive, developers… Continue reading @niche: Israeli EV startup REE to go public through $3.6 billion blank-check deal000518

Baidu Tops Beijing Autonomous Vehicles Road Test Report for the Third Consecutive Year

BEIJING, Feb. 5, 2021 /PRNewswire/ — Baidu, Inc. (NASDAQ: BIDU) affirmed its comprehensive leadership position in China’s autonomous driving industry with the results of the recently-published 2020 Beijing Autonomous Vehicles Road Test Report, in which Baidu Apollo topped industry peers across every testing category for the third consecutive year. In addition to maintaining the largest fleet… Continue reading Baidu Tops Beijing Autonomous Vehicles Road Test Report for the Third Consecutive Year

@Ford: Ford Raises Planned Investment in EV, AV Leadership to $29 Billion; Further Advances Turnaround of Global Automotive Business in Q4

About Ford Motor Company Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford trucks, utility vehicles, and cars – increasingly including electrified versions – and Lincoln luxury vehicles; provides financial services through Ford Motor Credit Company; and is pursuing… Continue reading @Ford: Ford Raises Planned Investment in EV, AV Leadership to $29 Billion; Further Advances Turnaround of Global Automotive Business in Q4