Tesla’s new factory in the Mexican state of Nuevo León will cost $5 billion, will employ up to 7,000 people and could start churning out cars as early as next year, the state’s governor said on Friday. Tesla announced this week that it planned an assembly plant in Mexico — its fifth worldwide — but… Continue reading Tesla Could Start Making Cars in Mexico Next Year, Governor Says
Category: Automotive
Formula 1’s Rookie Class of 2023
When the season kicks off on Sunday in Bahrain, three rookies will have achieved their dreams of grabbing seats in Formula 1. Logan Sargeant with Williams, the first American driver in the sport in almost 10 years; Nyck de Vries with AlphaTauri; and Oscar Piastri with McLaren are embarking on their first seasons. Piastri has… Continue reading Formula 1’s Rookie Class of 2023
Formula 1’s Many Changes at the Top
Formula 1’s off-season was unusual. It is natural for drivers to swap teams, and several indeed did, but for several team principals and senior executives to move around is rare. But before the season started, there were major changes. Mattia Binotto resigned from Ferrari and was replaced by Frédéric Vasseur, who had been the team… Continue reading Formula 1’s Many Changes at the Top
With a Redesigned Car, Mercedes Hopes It Can Unseat Red Bull as F1 Champion
There was a period during its record streak of eight consecutive world championships from 2014 to 2021 that Mercedes seemed unbeatable. Yet when new rules were introduced to Formula 1 last year, changing the car designs to provide better racing, Mercedes’ prospects strikingly changed. The team failed to adjust to the new rules as well… Continue reading With a Redesigned Car, Mercedes Hopes It Can Unseat Red Bull as F1 Champion
Rivian Lost $6.8 Billion Last Year as Production Fell Short
Rivian, a maker of electric trucks, said on Tuesday that it lost $1.7 billion in the final three months of last year as it struggled with production difficulties. The loss brings the company’s total losses for 2022 to $6.8 billion and highlights the troubles that once-promising start-ups are having gaining ground on Tesla, which dominates… Continue reading Rivian Lost $6.8 Billion Last Year as Production Fell Short
U.S. Eyes Trade Deals With Allies to Ease Clash Over Electric Car Subsidies
BENGALURU, India — The Biden administration hopes to reach limited free trade agreements with countries in Europe and Asia that would not require congressional approval as it looks to ease allies’ concerns about legislation that President Biden signed into law last year, Treasury Secretary Janet L. Yellen said on Friday. The law, known as the… Continue reading U.S. Eyes Trade Deals With Allies to Ease Clash Over Electric Car Subsidies
Lucid Motors Steps Up Production as Supply Chain Problems Ease
Lucid Motors said on Wednesday that it increased production of its luxury electric sedans by more than 50 percent in the fourth quarter, as better supplies of parts and materials allowed the company to slightly exceed its manufacturing target for the full year. The carmaker said it produced 7,200 vehicles in 2022, its first year… Continue reading Lucid Motors Steps Up Production as Supply Chain Problems Ease
Autotech Ventures’ new $230M mobility fund adds fintech, circular economy to its investment strategy
Autotech Ventures will use its newly closed $230 million fund to expand beyond its foundation of early-stage ground transportation startups and invest in what the firm believes are the next big opportunities in automotive and mobility. Fintech, logistics, supply chain and the circular economy are at the top of the list. The $230 million fund,… Continue reading Autotech Ventures’ new $230M mobility fund adds fintech, circular economy to its investment strategy
More than $43 Billion Investment Opportunities in the Ground and Cargo Handling Services Market, Size, Growth Analysis, Industry Trends & Forecast- Arizton
CHICAGO, April 19, 2023 /PRNewswire/ — According to Arizton’s latest research report, the ground and cargo handling services market will grow at a CAGR of 5.65% during 2022-2028. To Know More, Download the Free Sample Report: https://www.arizton.com/request-sample/3782 Continue Reading Ground and Cargo Handling Services Market BROWSE IN-DEPTH TOC ON THE GROUND AND CARGO HANDLING SERVICES MARKET … Continue reading More than $43 Billion Investment Opportunities in the Ground and Cargo Handling Services Market, Size, Growth Analysis, Industry Trends & Forecast- Arizton
Santa Cruz Jury Returns $7.4 Million Verdict for Construction Worker Injured in 2017 Highway Accident
Caltrans ignored dangerous weather conditions which led to tragedy SANTA CRUZ, Calif., April 20, 2023 /PRNewswire/ — After a three-week trial, Simon Greenstone Panatier, PC trial lawyers secured a $7.4 million jury verdict for the family of a construction worker permanently injured in an accident at the site of a 2017 mudslide along California Highway 17.… Continue reading Santa Cruz Jury Returns $7.4 Million Verdict for Construction Worker Injured in 2017 Highway Accident