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Tekion Raises $150M in Series C; at $1B+ Valuation

Tekion, a San Ramon, Calif.-based cloud technology company and provider of SaaS retail operating platform, Automotive Retail Cloud, raised $150m in Series C financing round at over a $1 billion valuation. The round was led by Advent International with participation from Index Ventures, Exor (the holding company of Fiat Chrysler Automobiles and Ferrari), Airbus Ventures and… Continue reading Tekion Raises $150M in Series C; at $1B+ Valuation

Daimler India exports cross 35,000 CVs and 150 million parts to over 50 markets, to begin CKD exports to Malaysia

Daimler India Commercial Vehicles (DICV) has added another important milestone to its list with over 35,000 commercial vehicles and 150 million parts exported from the country. The CV maker has also added Malaysia as a new CKD market. The CKD (completely knocked down) vehicles are exported in parts and then assembled locally. DICV already exports… Continue reading Daimler India exports cross 35,000 CVs and 150 million parts to over 50 markets, to begin CKD exports to Malaysia

Delhi-based Inverted Energy announces buyback scheme for its e3W li-ion battery

Delhi-based three-year-old energy storage start-up Inverted Energy has announced a buyback offer for its lithium-ion battery for e-rickshaws. Under the scheme, post the warranty period the company is offering to payback Rs 10,000 for the e-three-wheeler battery. Raghav Jain, co-founder, Inverted Energy said: “Inverted is paying back this amount after the warranty period ends intending… Continue reading Delhi-based Inverted Energy announces buyback scheme for its e3W li-ion battery

Chinese ride-hailing firm Shouqi Yueche raises Series C funding

Ride-hailing platform Shouqi Yueche has raised ‘hundreds of millions of US dollars’ in its Series C funding round from a clutch of investors, per local media reports.  The names of the investors have not been disclosed. The company last raised as much as 700 million yuan ($105 million) in its Series B+ funding round in November… Continue reading Chinese ride-hailing firm Shouqi Yueche raises Series C funding

FCA CEO: Automakers need government support in Europe amid ‘biggest single risk ever’

Fiat Chrysler Automobiles NV CEO Mike Manley called on European policymakers Tuesday to step up their support for automakers in their transition to electrified vehicles as the novel coronavirus pandemic represents the “biggest single risk ever to face our industry.” In the first half of the year, production on the continent of an estimated 3.6… Continue reading FCA CEO: Automakers need government support in Europe amid ‘biggest single risk ever’

Mercedes-Benz India to locally assemble AMG models at Chakan plant

German luxury carmaker Mercedes-Benz’s Indian arm today announced that it will commence local assembly of its high-performance AMG models in the country to deepen its commitment to the Indian customer. The company will kick off the AMG localisation with the CKD (completely knocked down) assembly of its AMG GLC 43 4Matic Coupe at its plant… Continue reading Mercedes-Benz India to locally assemble AMG models at Chakan plant

Ather 450X deliveries to begin by Diwali, EV maker halts battery subscription plans

Launched earlier this year in January, the Ather 450X from Bangalore-based electric two-wheeler start-up Ather Energy will finally start getting delivered to customers beginning Diwali next month. In a virtual press conference held today, Tarun Mehta, CEO, Ather Energy, announced that the company will be opening the window for payment completion to customers who have already pre-booked… Continue reading Ather 450X deliveries to begin by Diwali, EV maker halts battery subscription plans

Tesla scales back its warranty on used cars

Sponsored Links Engadget Tesla has quietly made it less appealing to buy one of its cars used. As Electrek points out, just days ago, Tesla offered a two- to four-year warranty on used Model S and Model X vehicles. However, visit the company’s website today and you’ll see that it instead offers one-year or 10,000… Continue reading Tesla scales back its warranty on used cars

C8 Corvette Production Resumes After Temporary Stop Over “Supply Shortage”

C8 Corvette Production Resumes After Temporary Stop Over “Supply Shortage”

19 Oct 2020, 21:19 UTC ·
by

Mircea Panait

Home > News > Industry

Not that long ago, Finch Chevrolet sales consultant Morgan Crosbie said that Corvette production would grind to a temporary halt. Fast-forward to the present day, and the Bowling Green plant has resumed production of the mid-engine sports car.
20 photos
Morgan highlights at the 6:10 mark of the following video that 800 to 850 cars are rolling off the line weekly, and the 2020 model year has been extended into December. The sales consultant also said that “there’s a huge waiting list” for the 2021 Corvette, which is going to cost a little more if you plan to get the Z51 pack.
“We got tons of people lined up for 2022,” added Morgan, and “we've started to take deposits for the anniversary editions in 2023.” There’s no mistaking that C8 hype is at an all-time high, and we’ve not even been presented with the high-revving Z06 yet.
Chevrolet is expected to unveil the first performance-oriented C8 in the lineup next year for 2022, and as you already know, the biggest secret of the Z06 is the engine. A flat-plane crankshaft V8 with 5.5 liters of displacement is the culprit. Codenamed LT6, this engine is based on the LT5 that Corvette Racing runs in the screamin’ C8.R.
Rumored with no fewer than three wing options, Michelin Pilot Sport Cup 2 high-performance tires, and carbon-fiber wheels, the Z06 will rev higher than 8,000 rpm. It remains to be seen if Chevy will match the Voodoo V8 of the Shelby GT350, though, a 5.2-liter powerplant that keeps spinning until the tacho reaches 8,250 rpm.
After that, the E-Ray is expected as a 2023 model to replace the Grand Sport with a hybridized small-block V8. In addition to the 6.2-liter engine of the Stingray, the first-ever Corvette with a hybrid powertrain is also rumored to be the first-ever Corvette with AWD thanks to a pair of “electric motors in place of the front trunk.”

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