Waymo has added an additional $750 million to the $2.25 billion funding round that it first announced in March, bringing the total size of the financing (its first from investors outside of Alphabet) to $3 billion. The extension comes from new investors, including those managed by T. Rowe Price, Perry Creek Capital, Fidelity Management and… Continue reading Waymo expands first external investment round to $3 billion
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Ferrari says first EV will pioneer new technology
The first electric Ferrari, which is tipped to arrive after 2025, will utilise new technology to ensure it can deliver on the brand’s heritage, commercial boss Enrico Galliera has said. The Italian firm has yet to confirm any plans or a timeline for its first EV, although leaked patents earlier this year hint that it’s… Continue reading Ferrari says first EV will pioneer new technology
Pininfarina to Launch AutonoMIA, a Responsive Driving Experience for the Mobility of the Future
AutonoMIA is an immersive exploration of how technology, from AI to 5G, from display to haptics, from sensors to natural interfaces, can be leveraged to reenchant the driving experience. It is a tool that designers will use to continue iterating on the thinking on the future of driving. The different parties build knowledge on the… Continue reading Pininfarina to Launch AutonoMIA, a Responsive Driving Experience for the Mobility of the Future
Valmet Automotive restarts car production today with strict safety measures
Valmet Automotive restarts car production today at the Uusikaupunki, Finland car plant. Production has been suspended since April 3 due to lack of components caused by the covid-19 pandemic. All Valmet Automotive plants are now operative, as the battery plant in Salo, Finland and the roof and kinematic systems plant in Zary, Poland, have restarted… Continue reading Valmet Automotive restarts car production today with strict safety measures
Magna International (MGA) Q1 2020 Earnings Call Transcript
MGA earnings call for the period ending March 31, 2020. Go to Source
Magna Announces First Quarter 2020 Financial Results
Sales of $8.7 billion decreased 18%, compared to global light vehicle production down 27%Estimated COVID-19 impacts of approximately $1.1 billion on sales, $250 million on income from operations before income taxes and Adjusted EBITCash from operations of $639 million, an 8% increase over the first quarter of 2019AURORA, Ontario, May 07, 2020 (GLOBE NEWSWIRE) —… Continue reading Magna Announces First Quarter 2020 Financial Results
Karma Automotive whistleblower paints a grim picture – Autoblog
When we wrote about Karma Automotive announcing the battery-electric Revero GTE last week, we called this months’ trio of announcements “This month’s Karma Automotive extravaganza.” It’s possible there’s more to this momentum than the excitement of expanding the EV landscape. Jalopnik recently ran what’s practically a whistleblower piece, based on information from “a confirmed source,… Continue reading Karma Automotive whistleblower paints a grim picture – Autoblog
CATL’s LFP CTP Batteries Coming To European EVs In 2020
With New Partners, CATL Strengthens Commitment to Commercial Vehicle Electrification in Europe NINGDE, China, April 27, 2020 /PRNewswire/ — Reacting to the growing trend towards e-mobility, Contemporary Amperex Technology Co. Limited (CATL) (300750.SZ), the global leading EV battery manufacturer, is expanding partnerships with VDL Bus & Coach B.V. and Quantron AG to optimize local product… Continue reading CATL’s LFP CTP Batteries Coming To European EVs In 2020
With New Partners, CATL Strengthens Commitment to Commercial Vehicle Electrification in Europe
NINGDE, China, April 27, 2020 /PRNewswire/ — Reacting to the growing trend towards e-mobility, Contemporary Amperex Technology Co. Limited (CATL) (300750.SZ), the global leading EV battery manufacturer, is expanding partnerships with VDL Bus & Coach B.V. and Quantron AG to optimize local product solutions and services for commercial vehicle electrification in Europe. The new partnerships… Continue reading With New Partners, CATL Strengthens Commitment to Commercial Vehicle Electrification in Europe
Pininfarina Pura Vision Won’t Be Your Typical Electric SUV
Pininfarina will reportedly launch its first fully electric SUV in 2022 and it has big ambitions to change the entire segment along with it. So on top of the fact that it won’t have an internal combustion engine, it will also be low, sleek and very sporty looking. Autocar got a sneak peek at the… Continue reading Pininfarina Pura Vision Won’t Be Your Typical Electric SUV