EV startup Lordstown Motors made headlines when it purchased a 6.2 million-square-foot factory from General Motors in 2019. Now, it looks like the strapped-for-cash startup will likely sell that facility to Taiwan’s Foxconn Technology Group. The news was first reported by Bloomberg, who said unnamed sources suggested the deal could close as early as this… Continue reading Lordstown Motors in talks to sell its 6.2M-square-foot factory to Taiwan’s Foxconn
Tag: Contract Manufacturer
Mahindra is said to weigh electric supercar unit funding options – ETAuto.com
Mahindra could seek to value the unit at around $500 million in any deal. Mahindra & Mahindra Ltd. is weighing options to raise funds for its Automobili Pininfarina unit as it seeks to bring a delayed $2.2 million electric hypercar into production, people with knowledge of the matter said. The Indian carmaker’s considerations include a… Continue reading Mahindra is said to weigh electric supercar unit funding options – ETAuto.com
New 2022 Ineos Grenadier to go on sale next year priced from £48,000 – AutoExpress
The Ineos Grenadier 4×4 will go sale next year with prices starting from “around £48,000” for the two-seat commercial version. The five-seat commercial and passenger models will cost “between £4,000 and £6,000 more”, according to UK Ineos boss Gary Pearson. The French-built, Austrian-engineered and British-conceived new 4×4 – evoking memories of the original Land Rover… Continue reading New 2022 Ineos Grenadier to go on sale next year priced from £48,000 – AutoExpress
LG to Acquire Israeli Vehicle Cybersecurity Risk Assessment Solution Provider Cybellum
September 23, 2021 LG to Acquire Israeli Vehicle Cybersecurity Risk Assessment Solution Provider Cybellum Open share list Share this content. Deal Helps LG Develop More Secure Auto Software, Enhance Growing Vehicle ComponentsBusiness and Allows Cybellum to Expand Security Solutions to Global Customers SEOUL, Sep. 23, 2021 — LG Electronics’ (LG) board of directors has approved… Continue reading LG to Acquire Israeli Vehicle Cybersecurity Risk Assessment Solution Provider Cybellum
TI Fluid Systems Welcomes new CEO And Additions To The Executive Committee
AUBURN HILLS, Mich., Sept. 21, 2021 /PRNewswire/ — TI Fluid Systems (TIFS), a leading global supplier of automotive fluid systems technology, has announced three executive level appointments as Hans Dieltjens assumes the role of President and Chief Executive Officer on 1 October 2021. Hans will succeed William L. Kozyra, who will retire on 1 October… Continue reading TI Fluid Systems Welcomes new CEO And Additions To The Executive Committee
Magna And Veoneer Announce Expiration Of Hart-Scott-Rodino Waiting Period
Companies File for Regulatory Approvals in the European Union and China AURORA, Ontario, Sept. 20, 2021 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA) and Veoneer, Inc. today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, or HSR Act, in connection with the previously announced acquisition… Continue reading Magna And Veoneer Announce Expiration Of Hart-Scott-Rodino Waiting Period
Volta Trucks raises €37 million to bring electric delivery trucks to the streets of London and Paris
Trucking tends to be associated with highways, but it’s not uncommon to find large delivery vehicles trundling down the tightly packed streets of the world’s most populated cities. According to EV startup Volta Trucks, that’s far from ideal: in London, large commercial vehicles cause around 26% of pedestrian fatalities and around 80% of cyclist fatalities,… Continue reading Volta Trucks raises €37 million to bring electric delivery trucks to the streets of London and Paris
Europa Wire: New joint venture by IVECO and Nikola in Ulm, Germany to start production of Nikola Tre electric heavy-duty trucks by end of 2021000148
New joint venture by IVECO and Nikola in Ulm, Germany to start production of Nikola Tre electric heavy-duty trucks by end of 2021 The partnership between the global commercial vehicles manufacturer and the US-based group specializing in zero-emission Class 8 heavy-duty trucks and related energy solutions is about to begin its manufacturing journey in Ulm,… Continue reading Europa Wire: New joint venture by IVECO and Nikola in Ulm, Germany to start production of Nikola Tre electric heavy-duty trucks by end of 2021000148
@niche: Lightyear reaches $110 million (€93 million) funding milestone in 2021 YTD These funds are used for the further development and production of Lightyea…001240
Strategic investments were made by insurer DELA and investor Joop van Caldenborgh Additional funding solidifies resources for continued development and production of long-range solar car Helmond, the Netherlands, September 16, 2021 – Lightyear, the high-tech company developing the world’s first long-range solar car, is proud to announce that it has raised $110 million (€93 million)… Continue reading @niche: Lightyear reaches $110 million (€93 million) funding milestone in 2021 YTD These funds are used for the further development and production of Lightyea…001240
IVECO and Nikola sign MoU with Hamburg Port Authority for Zero-Emission Class 8 Battery-Electric Trucks
The first phase involves testing of the Nikola Tre BEVs at the port for transport and logistics operations together with high-performance charging solutions. A more definitive second phase in the project partnership plans to see the full integration of the BEV vehicles in port operations, installation of charging infrastructure and on-site service support including major… Continue reading IVECO and Nikola sign MoU with Hamburg Port Authority for Zero-Emission Class 8 Battery-Electric Trucks