Lordstown Motors just released a new promotional video with its all-electric pickup – Endurance, scheduled for market launch in 2021 (in Summer 2021 according to what we heard the last time). The new video shows us that the Lordstown Endurance is suitable for a variety of applications, including towing, off-road driving and can even power… Continue reading Lordstown Motors Shows Off Endurance Electric Pickup Truck In New Video
Tag: Strategy
Twin storms batter struggling Nissan-Renault-Mitsubishi alliance
TOKYO — It has only been a few months since the carmakers that form the Renault-Nissan-Mitsubishi alliance announced some of the most dire annual results in their history — but anyone who thought that marked the end of their trials has been roundly disabused of the notion. Renault announced Thursday that it posted a record… Continue reading Twin storms batter struggling Nissan-Renault-Mitsubishi alliance
Visteon Announces Second-Quarter 2020 Results
Net sales of $371 million; 48% reduction Y/Y excluding currencyIndustry production down 45% Y/Y; Visteon customers down 53% Y/YVisteon sales outperformed customer production by five percentage points$1.7 billion in new business and 21 new product launches YTDCash of $759 million; no significant near-term debt maturitiesVAN BUREN TOWNSHIP, Mich., July 30, 2020 (GLOBE NEWSWIRE) — Visteon… Continue reading Visteon Announces Second-Quarter 2020 Results
China’s electric SUV maker Li Auto raises $1.1 billion in U.S. IPO
Trade tensions between China and the U.S. have not stopped Chinese companies from eyeing to list on American stock exchanges. Li Auto, a five-year-old Chinese electric vehicle startup, raised $1.1 billion through its debut on Nasdaq on Thursday. The Beijing-based company is targeting a growing Chinese middle class who aspire to drive cleaner, smarter, and… Continue reading China’s electric SUV maker Li Auto raises $1.1 billion in U.S. IPO
ALYI Strategic Financing Outlook Propelled By Surge In EV Investment Interest
DALLAS, July 30, 2020 /PRNewswire/ — Alternet Systems, Inc. (USOTC: ALYI) today highlighted that its video presentation scheduled for tomorrow to detail the company’s strategic financing partnership with RevoltTOKEN enjoys being timed with a market that is very receptive to investment in electric vehicle ventures. Electric SUV maker Li, just announced raising $1.1 billion. The share… Continue reading ALYI Strategic Financing Outlook Propelled By Surge In EV Investment Interest
Lanxess disinfectant claims to kill coronavirus SARS-CoV-2 in 60 seconds
Lanxess, the 6.8 billion euro German specialty chemicals company can help automobiles get lighter with various solutions. It can now also kill SARS-Cov-2, the virus that causes Covid-19. Lanxess says that its Rely+On Virkon broad spectrum disinfectant, ‘demonstrates extremely rapid efficacy against the SARS-CoV-2 virus’. The claim is based on the finding of a recent… Continue reading Lanxess disinfectant claims to kill coronavirus SARS-CoV-2 in 60 seconds
New division and change in ZF’s Board of Management: E-mobility strengthened as one of ZF’s core businesses
Stephan von Schuckmann has been in charge of the Car Powertrain Technology Division based in Saarbrücken, Germany since Autumn 2018. The business administration graduate joined the ZF Group in 2003 and has held various management positions including Commercial Director of ZF Lenksysteme Hungária Kft. in Eger, Hungary, and Head of the Global Aftermarket and Small-Series… Continue reading New division and change in ZF’s Board of Management: E-mobility strengthened as one of ZF’s core businesses
Li Auto IPO: Blazing a Different Trail
As Li Auto’s first investor, what I saw was the practicality of Li Auto’s product strategy. From Day 0, Li Auto made a bold decision to focus on extended-range electric vehicles (EREVs) rather than pure electric models, which was the common strategy adopted by peers. Pure battery electric vehicles face structural challenges currently with limited… Continue reading Li Auto IPO: Blazing a Different Trail
Volkswagen boss: Herbert Diess receives surprising internal backing
Herbert Diess According to insiders, he barely escaped a layoff, but lost the position as head of the main VW brand, which he held alongside his duties as group leader. (Photo: dpa) Düsseldorf After the turmoil of the past few weeks and speculation about a possible replacement Volkswagen-Boss Herbert Diess received unusual backing from the… Continue reading Volkswagen boss: Herbert Diess receives surprising internal backing
Volkswagen boss: Herbert Diess receives surprising backing from VW
Herbert Diess According to insiders, he barely escaped a layoff, but lost the position as head of the main VW brand, which he held alongside his duties as group leader. (Photo: dpa) Hamburg After the turbulence of the past few weeks and speculation about a possible replacement Volkswagen-Boss Herbert Diess received unusual backing from the… Continue reading Volkswagen boss: Herbert Diess receives surprising backing from VW