Category: Automotive

Rivian lost $1.59 billion and delivered 1,227 electric trucks in the first quarter of 2022

Rivian, the buzzy electric vehicle company backed by Ford and Amazon, reported a net loss of $1.59 billion in the first quarter of 2021 based on $95 million in revenue. The company said it delivered 1,227 vehicles to customers during the past three months, bringing its total number of deliveries to 2,148. Rivian said it… Continue reading Rivian lost $1.59 billion and delivered 1,227 electric trucks in the first quarter of 2022

@VW Group: Automobili Lamborghini’s growth continues005035

Turnover and Operating Profit up in Q1 2022 Sant’Agata Bolognese, May 11, 2022 – Following on from an incredibly successful 2021, in which Automobili Lamborghini recorded its best-ever performance in terms of turnover and profitability, the first quarter of 2022 closed with continuing growth in its financial results. Turnover reached €592 million, up 13.3% compared… Continue reading @VW Group: Automobili Lamborghini’s growth continues005035

@VW Group: Volkswagen Group to launch all-electric pick-up and rugged SUV in the United States005036

Volkswagen Group will launch an all-electric pick-up and rugged SUV in the United States. The decision of the Board of Management was confirmed today by the Supervisory Board of the Volkswagen Group. The vehicles will be designed, engineered, and manufactured in the U.S. for American customers. To this end, a separate, independent company will be… Continue reading @VW Group: Volkswagen Group to launch all-electric pick-up and rugged SUV in the United States005036

German Manager Magazin: Northvolt: Robert Habeck supports battery cell factory with 155 million euros001762

The federal and state governments have approved funding of 155.4 million euros for the planned battery cell plant on the west coast of Schleswig-Holstein. Federal Minister of Economics Robert Habeck (52) handed over a corresponding funding decision to the Swedish company Northvolt on Wednesday. That is the maximum that the EU has approved, according to… Continue reading German Manager Magazin: Northvolt: Robert Habeck supports battery cell factory with 155 million euros001762