Workhorse Group Amends Financing Agreement with Marathon Asset Management

CINCINNATI, April 3, 2019 /PRNewswire/ — Workhorse Group Inc. (NASDAQ: WKHS) (“Workhorse” or “the Company”), an American technology company focused on providing sustainable and cost-effective electric-mobility solutions to the transportation sector, has entered into an amended agreement with Marathon Asset Management (“Marathon”) in connection with its previously announced $35 million financing. Among other updates, under… Continue reading Workhorse Group Amends Financing Agreement with Marathon Asset Management

Former Volkswagen and Toyota Executive, Don Jackson, to Lead Fisker Inc. Manufacturing

Jackson named senior advisor of manufacturing, spearheading Fisker Inc. strategy and site selectionFormer roles include: President of Manufacturing at Volkswagen of America and Senior Vice President, Quality and Production at Toyota Announcement follows the reveal of Fisker’s affordable, luxury electric SUV – slated for production in the United States and mass market launch in 2021Never-before-seen design image of Fisker’s affordable, all-electric luxury SUV – set for launch in 2021
LOS ANGELES (April 5, 2019) – Fisker Inc. – designer and manufacturer of the world’s most desirable electric vehicles, breakthrough automotive technology and advanced mobility solutions – has appointed Don Jackson as senior advisor of manufacturing. The seasoned industry executive will spearhead manufacturing strategy and site selection as Fisker Inc. prepares for the launch of its stunningly designed, affordable all-electric luxury SUV – slated for the second half of 2021.
Automotive Manufacturing and Quality Leadership
Jackson comes equipped with more than 40 years of manufacturing leadership. Before taking on a key role at Volkswagen of America as President of Manufacturing, he served as Senior Vice President, Quality and Production for Toyota's Texas operations. Prior to this, Jackson served as Vice President of Manufacturing for Toyota’s operations in Kentucky. More recently, he founded Jackson Management Group, LLC, which is focused on providing strategy for various companies in lean manufacturing and best management practice. Multiple States Being Considered for Production
Fisker Inc. is currently finalizing the selection of a facility, located in the United States, to produce the mass market, all-electric luxury SUV. California, Georgia, Indiana, Kentucky, Michigan, Missouri, North Carolina, Ohio, Tennessee, Texas and Virginia are among the states currently being considered through an RFP process.Henrik Fisker, chairman and CEO – Fisker Inc.
“Following the exciting announcement on our affordable electric luxury SUV for the mass global market, we sought out an automotive industry leader with a strong history of results in high-volume manufacturing and the utmost in quality control. Don has lead operations for the largest OEMs, raising the bar in vehicle quality and reliability. We are delighted to have him join our team as we ramp up toward launch in 2021 and prepare to bring a more emotion-stirring, American-made EV design to people worldwide.”
Don Jackson, senior advisor of manufacturing – Fisker Inc.
“The future of the automotive industry lies in electric vehicles. There’s an undeniable shift toward sustainable mobility around the globe, and Fisker is breaking the mold with the most forward-thinking technologies complemented by Henrik’s world-renowned, emotionally-compelling design touches. I share Fisker’s vision of driving mass electrification forward by producing more desirable EVs for the global market here in the United States, and I look forward to building a disruptive strategy that combines Fisker’s unique business model with the very best manufacturing practices that assure unparalleled results and outstanding, reliable products. The Fisker team is committed to exceeding customer expectations globally.”
For more information, or for interview inquiries, contact Fisker@GoDRIVEN360.com.
About Fisker Inc.
California-based Fisker Inc. is revolutionizing the automotive industry by developing the most emotionally desirable electric vehicles complemented with the longest range and shortest charging times on earth. As a leading force in influencing mass market electrification across the globe, the company’s scientific breakthroughs include the patented Fisker Flexible Solid-State Battery – ushering in a new era in fast charging, safety and range.
The brainchild of EV pioneer and world-leading automotive designer, Henrik Fisker, Fisker Inc.’s mission is to set a new standard of excellence and performance in the electric vehicle industry and mobility services – developing unique, high-performance electric vehicles that feature the latest in emerging technologies and exciting user experiences. To learn more, visit www.FiskerInc.com.
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Lightyear receives €2.5M funding through European Horizon 2020 programme

Lightyear receives €2.5M funding through European Horizon 2020 programme

The European Innovation Council pilot is investing 2.5 million euros in solar electric car company Lightyear. The Dutch scale-up is one of 17 special SME (Small and Medium Enterprise) companies that falls under the ‘Horizon 2020’ program of the European Commission.
Europe’s new investment in Lightyear provides additional support to produce their first electric solar car, the Lightyear One, which will be launched in early 2020. Horizon 2020 is an incentive program of the European Commission for SMEs with disruptive ideas and new products. By investing in Lightyear, the European Commission supports Lightyear’s vision of sustainable mobility for all. Due to its high efficiency and integrated solar cells, the car rarely needs to charge, increasing the appeal of electric driving.

“The funding from Europe validates Lightyear’s mission and the rapid progress and results we’ve achieved to date,” says CFO and c..

Bollinger Motors settles in Detroit – Automotive News

DETROIT — Since Bollinger Motors moved last fall from Hobart, N.Y., to a gritty industrial park just north of Detroit, the company has been quietly turning its concept all-wheel-drive electric off-road vehicle into one that is production-ready. The company has hired engineers, lined up its first vendors, started testing components, shopped for a manufacturing site… Continue reading Bollinger Motors settles in Detroit – Automotive News

THE BEST GBS CARS & COFFEE HAPPENED AT THE WEEKEND….

The GBS Cars & Coffee events that we hold at the GBS Factory were created in 2016 and have since been a massive success & we have decided to continue to hold the events again and again throughout the year. On Saturday saw the first event of 2019 and we would like to say a… Continue reading THE BEST GBS CARS & COFFEE HAPPENED AT THE WEEKEND….

A Near Death Experience

A Near Death Experience Tin Hang LiuBlockedUnblockFollowFollowing Mar 21 I was riding passenger on my way to Turin from Milan on Blablacar, Europe’s carpooling app. In front of myself and the driver, Davide, was a semi truck. We saw its tire explode before it, and its rim, began spinning into the air at an altitude… Continue reading A Near Death Experience