Luminar’s Austin Russell: ‘We probably shouldn’t have existed’ but lidar will drive next-gen safety anyway

At TC Sessions: Mobility, Luminar founder and CEO Austin Russell admitted that his now successful company was founded in hubris, but that a skeptical eye during peak lidar hype helped them focus on real markets. “It’s no longer about some theoretical promise — you actually have to show real results, real deliveries, real technology and… Continue reading Luminar’s Austin Russell: ‘We probably shouldn’t have existed’ but lidar will drive next-gen safety anyway

Hyundai to open $6.5B EV factory in Georgia

Hyundai is the latest automaker to announce plans to open an EV factory in Georgia, the same state where Rivian is preparing to break ground on its controversial plant. Hyundai’s $6.5 billion EV and battery manufacturing facility outside of Savannah will further the state’s goal of becoming a major regional hub for the EV industry.… Continue reading Hyundai to open $6.5B EV factory in Georgia

Ford Fiesta three-door will cease production

The Ford Fiesta is undergoing a streamlining process with the supermini losing its three-door bodystyle as well as van versions.  Ford has already removed the three-door versions from its online price lists, but existing orders of three-door Fiestas will be completed, with production at the Fiesta plant in Cologne, Germany set to end this summer.  A… Continue reading Ford Fiesta three-door will cease production

German Manager Magazin: Gas: Germany and Qatar agree on energy partnership001798

In the struggle for greater independence from Russian gas, the German government has concluded an energy partnership with Qatar. The country’s Energy Minister, Saad Sherida Al-Kaabi, and Economics Minister Robert Habeck (52) signed a declaration of intent for deeper cooperation in Berlin on Friday. Germany wants to source liquefied natural gas (LNG) from Qatar. Cooperation… Continue reading German Manager Magazin: Gas: Germany and Qatar agree on energy partnership001798

German Handelsblatt: Automaker: New luxury strategy: Mercedes cancels three compact cars and increases target margin to 14 percent004354

Mercedes boss Ola Källenius with the S-Class Anyone who wants to buy a Mercedes in the future will have to pay significantly more for it. (Photo: Bloomberg) Throughout its 135-year history, Mercedes-Benz has always aimed high. But the brand often failed because of its ambitions: whether as an integrated technology group, as a global corporation… Continue reading German Handelsblatt: Automaker: New luxury strategy: Mercedes cancels three compact cars and increases target margin to 14 percent004354