The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hi friends and new readers, welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to… Continue reading The Station: Uber slurps up Drizly, Ford doubles its EV budget and Rad Power Bikes plots an expansion
Tag: Morgan
Rad Power Bikes raises $150 million as electric bike sales boom
Electric bike sales boomed in 2020, a phenomenon driven by the COVID-19 pandemic and the disruption it delivered consumers’ daily lives. Now, Rad Power Bikes is reaping those rewards and using them to double its workforce and scale globally. The Seattle-based startup said Thursday it has raised $150 million from institutional investors including Morgan Stanley’s… Continue reading Rad Power Bikes raises $150 million as electric bike sales boom
Grab Closes US$2 Billion Term Loan Facility
Grab announced today the successful close of its first senior secured term loan facility, after securing commitments from international institutional investors. SINGAPORE, 1 February 2021 – Grab announced today the successful close of its first senior secured term loan facility, after securing commitments from international institutional investors. The facility is structured as a five year… Continue reading Grab Closes US$2 Billion Term Loan Facility
Taiwan asks TSMC and other chipmakers to help ease global crunch
TAIPEI — Taiwan’s Economic Ministry is asking domestic chip manufacturers such as Taiwan Semiconductor Manufacturing Co. to help “like-minded” economies alleviate the global shortage of automotive-related chips. The ministry said it has received requests since the end of last year from several nations via diplomatic channels. The countries are asking Taiwan to help look into… Continue reading Taiwan asks TSMC and other chipmakers to help ease global crunch
@FCA: Archer Taps FCA’s Scale and Expertise to Accelerate Electric Vertical Take Off and Landing (eVTOL) Aircraft Production
January 12, 2021 , Auburn Hills, Mich. – Archer and Fiat Chrysler Automobiles (FCA) announced today that they have entered into a definitive agreement to enable Archer to benefit from access to FCA’s low-cost supply chain, advanced composite material capabilities, and engineering and design experience. California-based Archer is creating the world’s first all-electric airline that moves… Continue reading @FCA: Archer Taps FCA’s Scale and Expertise to Accelerate Electric Vertical Take Off and Landing (eVTOL) Aircraft Production
Apple and Hyundai are reportedly planning to team up and build a ‘beta’ version of an electric car by 2022
Apple and Hyundai plan to sign a deal that would lead to a ‘beta’ version of an Apple electric vehicle as early as 2022, according to a Sunday report from Reuters. The companies are planning to sign a deal by March 2021 to partner on the cars, according to a Sunday report from local newspaper… Continue reading Apple and Hyundai are reportedly planning to team up and build a ‘beta’ version of an electric car by 2022
@Ford: Ford’s Ted Cannis to Discuss Commercial Vehicles, Electrification at Morgan Stanley Auto 2.0 Conference Jan. 11
About Ford Motor Company Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles, provides financial services through Ford Motor Credit Company and is pursuing leadership positions in electrification; mobility solutions,… Continue reading @Ford: Ford’s Ted Cannis to Discuss Commercial Vehicles, Electrification at Morgan Stanley Auto 2.0 Conference Jan. 11
Mahindra likely to sign term sheet with new SsangYong investor next week
India’s Mahindra & Mahindra, which holds a majority 74.65 percent stake in Korean carmaker SsangYong Motor Company (SYMC) has divulged that it is in talks with a new investor to give up its charge of South Korea’s fourth-largest carmaker, albeit one which has been struggling to cope up with the recent dynamics in the global… Continue reading Mahindra likely to sign term sheet with new SsangYong investor next week
@niche: EV maker Canoo’s stock set to surge under new ticker symbol ‘GOEV’000396
TipRanks J.P. Morgan: 2 Cruise Line Stocks to Bet on (And 1 to Avoid) The coronavirus pandemic crisis shows no signs of abating, even with a vaccine coming on to the markets. We’re still facing severe social lockdown policies, with a number of states (such as California, Minnesota, and Michigan) forcing even harsher restrictions on… Continue reading @niche: EV maker Canoo’s stock set to surge under new ticker symbol ‘GOEV’000396
Apple share gain dwarfs GM after car rollout news
By Reuters Staff 3 Min Read (Reuters) -Shares in Apple Inc jumped more than 3% on Tuesday, adding more than General Motors’ entire market capitalization to the value of the iPhone maker on signs it was planning to move forward swiftly with electric car production. FILE PHOTO: U.S. dollar banknotes are seen in front of… Continue reading Apple share gain dwarfs GM after car rollout news