Stellantis and Leapmotor have today announced that Stellantis plans to invest around 1.5 billion euros to acquire approximately 20% of Leapmotor, making Stellantis a significant shareholder. The deal also outlines the formation of Leapmotor International, a 51/49 Stellantis-led joint venture that has exclusive rights for the export and sale, as well as manufacturing, of Leapmotor… Continue reading Stellantis to acquire 20% stake in Chinese OEM Leapmotor, plans JV to sell EVs outside China
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Exclusive: Toyota’s IMV 0 platform could spawn affordable version of Fortuner
Standing in one corner of Toyota’s booth at the Japan Mobility Show and in direct contrast to the stunning FT-Se electric sportscar concept is the old-school ladder-frame and ICE-powered IMV 0 concept. True to Toyota’s commitment to offer diverse products for diverse needs and applications, the IMV 0 is for those consumers who don’t need… Continue reading Exclusive: Toyota’s IMV 0 platform could spawn affordable version of Fortuner
Toyota eyes capacity expansion in India
Toyota Motor Corporation, through its Indian vehicle manufacturing arm, Toyota Kirloskar Motor (TKM), is considering expanding its manufacturing capacity in India. Speaking to Autocar India on the sidelines of the Tokyo Motor Show, Yoichi Miyazaki, Member of the Board of Directors, Toyota Motor Corp, said: “After Covid, the market recovery is quite strong compared to… Continue reading Toyota eyes capacity expansion in India
Volvo to expand EX30 e-SUV production to Ghent plant
In a response to strong customer demand for the new fully electric EX30 SUV, Volvo Cars has decided that it will start building the new small SUV in its Ghent plant in Belgium from 2025, expanding production capacity. Production of the EX30 started earlier this year in Zhangjiakou, China and the first cars are scheduled… Continue reading Volvo to expand EX30 e-SUV production to Ghent plant
Volvo to expand EX30 e-SUV production to Ghent plant
In a response to strong customer demand for the new fully electric EX30 SUV, Volvo Cars has decided that it will start building the new small SUV in its Ghent plant in Belgium from 2025, expanding production capacity. Production of the EX30 started earlier this year in Zhangjiakou, China and the first cars are scheduled… Continue reading Volvo to expand EX30 e-SUV production to Ghent plant
SEEDS Capital-backed Biorithm likely to raise up to $8.5m in new roundSingapore VC Adapative Capital Partners participated in the funding.
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Data Vantage: REDEX, Web3Auth, Biorithm and Silence Laboratories receive fresh capital
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Banks That Lent Elon Musk Money to Buy Twitter Are Totally Screwed Now
The numbers are staggering. Debt Hole X-formerly-Twitter owner Elon Musk had to dig deep in his own pockets to fund his chaotic acquisition of the social media platform last year — but the purchase also relied on traditional financial institutions. The mercurial CEO had to borrow a whopping $13 billion from seven banks to scrounge… Continue reading Banks That Lent Elon Musk Money to Buy Twitter Are Totally Screwed Now
ChatGPT’s Scary Good at Getting People to Click Phishing Emails, IBM Finds
Don’t open that link! Click Bot OpenAI’s ChatGPT can spit out a poem or write a letter if you’re at a loss for words. Or, given the right prompts, you can use it to write a convincing phishing email at unprecedented speed and scale. Case in point, IBM researchers posted an internal study that details… Continue reading ChatGPT’s Scary Good at Getting People to Click Phishing Emails, IBM Finds
Sam Bankman-Fried Will Testify in His Own Trial. It’s a Legal Hail Mary
Sam Bankman-Fried will take the stand at his own trial, his legal counsel has confirmed. The founder of stricken crypto exchange FTX has endured three weeks of bruising testimony in federal court from ex-colleagues, peers, and other witnesses. But Bankman-Fried will now take the opportunity to relay his own version of events to the jury.… Continue reading Sam Bankman-Fried Will Testify in His Own Trial. It’s a Legal Hail Mary