If you’ve been on the fence about whether or not to plunk down the $1,000 refundable deposit to reserve your Lucid Air, now might be a good time to decide. Lucid Motors seems to have righted the ship and appears to be on track to begin production of the Lucid Air before the end of 2020. … Continue reading Lucid Reservation Holders To Get Sneak Peek At Production Lucid Air
Tag: Manufacturing
Karma Debuts New Design Studio At Global Headquarters
The 12,000-square-foot design studio represents a multimillion-dollar investment and underscores Karma’s efforts to enhance and grow its design services. The new studio strengthens the company’s design capabilities as it readies itself for both future Karma design projects and those on behalf of other OEMs and startups. The new business unit is also tasked with offering… Continue reading Karma Debuts New Design Studio At Global Headquarters
Exclusive: BMW delays next generation Mini due to Brexit uncertainty, costs
FRANKFURT (Reuters) – BMW (BMWG.DE) has delayed the development of its next generation Mini as it seeks to cut costs and as uncertainty over Britain’s trade relations with the European Union make long-term investment decisions harder. FILE PHOTO: BMW i8 is displayed at the LA Auto Show in Los Angeles, California, U.S., November 20, 2019.… Continue reading Exclusive: BMW delays next generation Mini due to Brexit uncertainty, costs
Aston Martin’s lifeline buys carmaker time as SUV hits road
LONDON (Reuters) – Canadian billionaire Lawrence Stroll and investors have rescued Aston Martin with a 500 million pound cash injection that analysts say will help stabilize the British carmaker whose first sport utility vehicle (SUV) is set to hit the road. FILE PHOTO: An Aston Martin logo is pictured at the new factory in Saint… Continue reading Aston Martin’s lifeline buys carmaker time as SUV hits road
AAM Co-Founder Richard E. Dauch Inducted into Automotive Hall of Fame
AAM Terms of Use & Privacy Policy Terms of Use ATTENTION: PLEASE READ THESE TERMS CAREFULLY BEFORE USING THIS WEBSITE. USING THIS WEBSITE INDICATES THAT YOU ACCEPT THESE TERMS. IF YOU DO NOT ACCEPT THESE TERMS (“TERMS”), DO NOT USE THIS SITE. Use of AAM Website American Axle & Manufacturing, Inc. and/or its respective affiliates… Continue reading AAM Co-Founder Richard E. Dauch Inducted into Automotive Hall of Fame
Aston Martin: F1 billionaire owner leads rescue deal
Struggling luxury UK carmaker Aston Martin has announced plans to raise emergency funding worth £500m. A consortium led by billionaire Lawrence Stroll will put in £182m, with the rest of the money coming from existing investors. Mr Stroll partly owns the Racing Point Formula 1 team, which will be branded Aston Martin from 2021 under… Continue reading Aston Martin: F1 billionaire owner leads rescue deal
Exclusive: Detroit Engineered Products plans big-ticket investment in India, reveals prototype electric scooter
Detroit Engineered Products (DEP), the leading engineering solutions and product development company, with footprints in Europe, China, Korea, Japan, and India, is betting big on the Indian marketplace. The company, recently showcased the technology prototype of its electric scooter, which has an extended range of 150km and a maximum speed of 80kph earlier this month,… Continue reading Exclusive: Detroit Engineered Products plans big-ticket investment in India, reveals prototype electric scooter
Japan’s TDK Ventures invests in air mobility firm AutoFlightX
TDK Ventures, the corporate venture arm of Japanese electronics firm TDK Corporation, has invested an undisclosed amount in AutoFlightX, an electric air mobility company headquartered in Munich, Germany and with R&D centres in Shanghai and Shenzhen. AutoFlightX, which started in February 2018, is involved in the development, production, sales, and operation of electric vertical take-off… Continue reading Japan’s TDK Ventures invests in air mobility firm AutoFlightX
UPDATE 1-Hyundai Motor to suspend some SUV output in S.Korea as virus disrupts supplies
FILE PHOTO: The logo of Hyundai Motors is seen on a steering wheel of a all-new Sonata sedan on display at the company’s headquarters in Seoul, South Korea, March 22, 2019. REUTERS/Kim Hong-Ji SEOUL (Reuters) – Hyundai Motor (005380.KS) said on Friday it planned to skip South Korean production of its Palisade sport utility vehicle… Continue reading UPDATE 1-Hyundai Motor to suspend some SUV output in S.Korea as virus disrupts supplies
Lexus begins local assembly of ES 300h in India
Japanese luxury car manufacturer Lexus today reaffirmed announcing it has begun local production of the ES 300h model in India. The first locally produced model is set to be available in India from February 2020, marking the first such operations since the company’s debut in India in March 2017. “This new chapter is significant for… Continue reading Lexus begins local assembly of ES 300h in India