(Bloomberg) — Waymo is talking to outside investors about raising as much as $4 billion in additional capital to fuel its self-driving efforts. And the company has discussed plans to eventually list publicly, spinning out from its parent Alphabet Inc., according to people familiar with the plans. But Waymo must first quell concerns about a… Continue reading Waymo Eyes Raising Up to $4 Billion as Leaders’ Exits Sow Doubts
Tag: Magna
Ineos Grenadier Completes Off-Road Testing, but Production Schedule Slips – Autoweek
Ineos Grenadier proceeds through several stages of real-world testing, completing mountain trials in Austria. Ineos has purchased a Mercedes-Benz factory in France a few months ago to produce the SUV and pickup. Production is now expected to start in July 2022 at the latest, due to delays prompted by the pandemic. The Ineos Grenadier is… Continue reading Ineos Grenadier Completes Off-Road Testing, but Production Schedule Slips – Autoweek
Fisker finalizes deal with Foxconn to make EVs in US
DETROIT (Reuters) — Electric car maker Fisker Inc has finalized its vehicle-assembly deal with Foxconn Technology Co Ltd, including plans to open a U.S. plant in 2023, the companies said on Thursday. The plant’s location has not been identified, but Fisker Chief Executive Henrik Fisker said four states are under consideration, including Foxconn’s plant site… Continue reading Fisker finalizes deal with Foxconn to make EVs in US
The Ineos Grenadier has been delayed – Top Gear
Production of the Ineos Grenadier, which was scheduled to start this year, has been delayed to July 2022. The company blames “unavoidable delays through 2020”, and claims pushing back the start of production will allow it to “achieve its rigorous testing targets”. Testing of the utilitarian off-roader continues, most recently at the Schöckl mountain near Graz,… Continue reading The Ineos Grenadier has been delayed – Top Gear
Fisker finalizes deal with Foxconn to make EVs in U.S. starting in 2023
The vehicle type has not been identified by Fisker, but will be based on a new lightweight platform – FP28 – designed by both companies. By Ben Klayman DETROIT: Electric car maker Fisker Inc has finalized its vehicle-assembly deal with Foxconn Technology Co Ltd, including plans to open a U.S. plant in 2023, the companies… Continue reading Fisker finalizes deal with Foxconn to make EVs in U.S. starting in 2023
Waymo to lose its CFO and head of automotive partnerships
Waymo’s chief financial officer Ger Dwyer and its head of automotive partnerships and corporate development Adam Frost — two longtime executives at the autonomous vehicle company — are leaving this month, departures that comes amid some executive shuffling following CEO John Krafcik’s exit earlier this year. Dwyer and Frost’s departure was shared internally this week,… Continue reading Waymo to lose its CFO and head of automotive partnerships
New Ineos Grenadier off-roader delayed until 2022 – Autocar
The launch of the Ineos Grenadier, the rugged new off-roader being developed by Sir Jim Ratcliffe’s firm, has been delayed until 2022. The 4×4 was due to be launched towards the end of this year, but Ineos Automotive has now pushed back the start of production until July 2022, citing “unavoidable delays” last year. A… Continue reading New Ineos Grenadier off-roader delayed until 2022 – Autocar
Magna Announces First Quarter 2021 Results
Sales of $10.2 billion increased 18% Global light vehicle production was up 18% driven by an 87% increase in China Income from operations before income taxes increased 109% Adjusted EBIT was up 91% Diluted earnings per share and adjusted diluted earnings per share increased 136% and 116%, respectively Increased 2021 outlook to reflect modestly higher… Continue reading Magna Announces First Quarter 2021 Results
@BMW: BMW Group expands e-drive production network: Start of battery component production in Leipzig and Regensburg001092
BMW Group now producing high-voltage batteries andbattery components at three locations in Germany alone:Dingolfing, Leipzig and Regensburg Less than a year from decision to start of production inLeipzig and Regensburg Production of battery components for BMW Group’s fifth generation of fully-electric vehicles Munich/Leipzig/Regensburg. The BMW Group is launching production of battery components at its… Continue reading @BMW: BMW Group expands e-drive production network: Start of battery component production in Leipzig and Regensburg001092
@niche: Hino Motors, Ree Automotive Partner To Bring New Technologies To Commercial Vehicles000826
This is the FlatFormer platform that Hino Motors unveiled at the 2019 Tokyo Motor Show. This was … [+] jointly developed with REE Automotive. Hino and REE are forming an alliance to advance electrified and autonomous technology in commercial vehicles. REE Automotive Image Hino Motors, the Toyota subsidiary that makes commercial vehicles and diesel engines,… Continue reading @niche: Hino Motors, Ree Automotive Partner To Bring New Technologies To Commercial Vehicles000826