Sponsored Links Mat Smith/Engadget Did you stare at the Lotus Evija and wonder how anyone could justify an electric hypercar costing over $2.6 million, especially from a brand best known for far lighter and cheaper gas vehicles? Apparently, you had no reason to doubt. Lotus told Autocar that it has already sold out of the… Continue reading Lotus has already sold out of its electric hypercar for 2020
Tag: Contract Manufacturer
Battista Anniversario: Electric sports car accelerates faster than an F1 car
A super sports car is good, the special edition of a super sports car is even more exclusive: For the 90th company anniversary, the manufacturer Automobili Pininfarina is launching a version of its Battista electric sports car limited to five copies. (Electric car, technology) Go to source
Alphabet’s Waymo raises US$2.25b for driverless cars
WAYMO raised US$2.25 billion from a slate of private equity investors, venture capitalists and automotive companies, the first time Alphabet Inc’s autonomous vehicle unit has taken outside funds.Silver Lake Management LLC, a private equity firm, led the round, which also includes vehicle manufacturer Magna International Inc, car seller AutoNation Inc, Abu Dhabi’s Mubadala Investment Co and the Canada Pension Plan Investment Board.Alphabet’s “other bets” division, which includes Waymo, has absorbed billions of dollars in losses in recent years.
Valmet Automotive set production record in 2019
In 2019, Valmet Automotive manufactured a total of 114,000 vehicles at the Uusikaupunki, Finland plant. This is a new production record for the plant, the previous record was made in 2018, when 110,000 vehicles were completed. In recent years, the production volumes at the Uusikaupunki plant have been steadily growing. The value of the production… Continue reading Valmet Automotive set production record in 2019
Michael Perschke: ‘We don’t believe another luxury brand will wholeheartedly embrace electrification by 2025’
At 90, Pininfarina is ready to ruffle a few feathers. The Mahindra-owned design house is morphing into a high-end automaker whose goal is to conquer territory held sacred by some of its past clients. Michael Perschke, the CEO of Automobil Pininfarina says the brand’s first shot is a 1900bhp EV named Battista and a salvo of SUVs will follow… Continue reading Michael Perschke: ‘We don’t believe another luxury brand will wholeheartedly embrace electrification by 2025’
Magna to Hold Investor Day
AURORA, Ontario, Feb. 27, 2020 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG, NYSE: MGA), a mobility technology company and global leader in the automotive industry, will hold an Investor Day event. Magna management will present on the state of the company, how its product capabilities align with industry trends, and highlight the company’s growth… Continue reading Magna to Hold Investor Day
Paving the Way to Powertrain Electrification
Magna is helping automakers prepare for a future that emphasizes electrificationMagna’s new e4 technology demonstrator car sets a new benchmark in EV efficiency, driving dynamics and rangeAffordable electromobility through scalable, modular drive systemsARJEPLOG, Sweden, Feb. 26, 2020 (GLOBE NEWSWIRE) — Magna’s roadmap to e-mobility includes technologies showcased in the all-new e4 technology demonstrator car, debuting… Continue reading Paving the Way to Powertrain Electrification
Valmet has published the Annual Report and the Corporate Governance Statement for 2019
Valmet Oyj’s stock exchange release on February 25, 2020 at 11:00 a.m. EETValmet has today, on February 25, 2020, published its Annual Report for 2019 on the company’s website at www.valmet.com/annualreport2019. The Annual Report consists of three separate parts: the Annual Review, the Financial Statements and the GRI Supplement. The GRI Supplement is available in… Continue reading Valmet has published the Annual Report and the Corporate Governance Statement for 2019
Magna (MGA) Q4 Earnings & Revenues Top Estimates, Down Y/Y
Magna International Inc. MGA delivered adjusted earnings per share of $1.41 in fourth-quarter 2019, beating the Zacks Consensus Estimate of $1.32. Stellar revenues in the Body Exteriors & Structures, Power & Vision and Seating Systems segments led to this outperformance. However, the bottom-line figure declined from the year-ago quarter’s $1.63. The company’s revenues declined 7.3%… Continue reading Magna (MGA) Q4 Earnings & Revenues Top Estimates, Down Y/Y
Renault Twingo ZE Ties With Smart Make It Better Than The ZOE
As expected, the Renault Twingo ZE has finally arrived. It was just a matter of time to see it around, considering its close ties to the Smart Forfour: both share the same platform and are built at the Revoz plant in Novo Mesto, Slovenia. What most did not see coming was that these ties will… Continue reading Renault Twingo ZE Ties With Smart Make It Better Than The ZOE