The Apex AP-0 is an electric supercar to be engineered and built in the UK and designed by Brit Guy Colborne, known for the Elemental RP1. The AP-0 is described as race-inspired and road legal, and while the model revealed today is a concept, the car is set to make production in late 2022, with prices… Continue reading Revealed: Apex AP-0 electric sports car
Tag: Contract Manufacturer
Restructuring: MAN truck manufacturer plans to cut 6,000 jobs
picture alliance / dpa MAN wants to cut every 6th position The truck builder MAN wants to cut jobs massively. The “Handelsblatt” reported on Thursday, citing corporate groups, that 6000 of the 36,000 jobs across the company were at acute risk. The Executive Board informed the works council of this number at a consultation meeting.… Continue reading Restructuring: MAN truck manufacturer plans to cut 6,000 jobs
Valmet Automotive: Professorship of battery technology is important for our goals
A professorship in battery technology is donated today to the University of Turku. The electrification of mobility emphasizes the role of battery technology for Valmet Automotive, and the professorship will take the company closer to the goal of bringing Finnish engineering expertise to the top of the world in battery technology. The automotive industry is… Continue reading Valmet Automotive: Professorship of battery technology is important for our goals
Lotus has already sold out of its electric hypercar for 2020
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
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