New battery production plant in Bibb County as Mercedes-Benz prepares to go all electric Up to 600 jobs created at the Mercedes-Benz battery plant New partnership with battery specialist Envision AESC to establish cell factory in the U.S. Reveal of new luxury EQS SUV interior, preparations for production ramp-up in Tuscaloosa underway Highly flexible and… Continue reading @Daimler: Mercedes-Benz EV ramp-up: new battery plant sets stage for EQS SUV production in the U.S.
Tag: Mobility
The Station: GM deepens it stake in Cruise and Porsche plots out its EV course
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. (Folks, a technical snafu meant the weekly newsletter wasn’t emailed to subscribers this Sunday, so we’re posting this now. We regret the error.) Hello readers: Welcome to The… Continue reading The Station: GM deepens it stake in Cruise and Porsche plots out its EV course
@GM: GM Announces Additional Investment in Cruise March 18, 2022
DETROIT — Today, General Motors Co. (NYSE: GM) announced it is acquiring SoftBank Vision Fund 1’s equity ownership stake in Cruise for $2.1 billion and separately will make an additional $1.35 billion investment in Cruise, replacing a previous commitment made by the fund in 2018. Since GM acquired a majority ownership stake in 2016, Cruise… Continue reading @GM: GM Announces Additional Investment in Cruise March 18, 2022
@GM: GM Honors Top Global Suppliers with 30th Annual Supplier of the Year Awards
GM Honors Top Global Suppliers with 30th Annual Supplier of the Year Awards 2022-03-17 DETROIT – General Motors celebrated its top global suppliers this week at its 30th annual Supplier of the Year awards ceremony held in Phoenix, Arizona. Recipients of the Supplier of the Year recognition included 134 suppliers representing 16 countries. Additionally, 31… Continue reading @GM: GM Honors Top Global Suppliers with 30th Annual Supplier of the Year Awards
GM is buying out Softbank’s stake in autonomous vehicle unit Cruise
General Motors is expanding its ownership stake in self-driving car subsidiary Cruise. The automaker said late Friday that is is acquiring Softbank Vision Fund 1’s equity ownership in Cruise for $2.1 billion. GM is also making an additional $1.35 billion investment in Cruise, replacing a previous commitment made by the fund in 2018. The announcement… Continue reading GM is buying out Softbank’s stake in autonomous vehicle unit Cruise
GM to buy SoftBank’s stake in Cruise self-driving unit for $2.1 billion
GM is acquiring SoftBank Vision Fund 1’s equity ownership stake in its majority-owned Cruise autonomous vehicle unit for $2.1 billion. Go to Source
Vehicle registrations in the European Union continue to be weighed down by supply chain disruptions
18 March, 2022 Posted by: Jorge Platero Category: Faconauto News According to ACEA data, passenger car sales contracted 6.7% in February, to 719,465 units. The recovery in the European automotive sector remains unconsolidated. The latest data published by the ACEA reflects this clear negative trend. And it is that the vehicle registrations in the European… Continue reading Vehicle registrations in the European Union continue to be weighed down by supply chain disruptions
Solo Advanced Vehicle Technologies Raises $7M in Seed Funding
Solo Advanced Vehicle Technologies, a San Francisco, CA-based vehicle hardware company, raised $7M in Seed funding. The round was led by Trucks VC with participation from Maniv Mobility and Wireframe Ventures. The company intends to use the funds to build out its engineering team as they expand at its new headquarters in Fremont, California. Led by CEO Graham Doorley,… Continue reading Solo Advanced Vehicle Technologies Raises $7M in Seed Funding
Austrian start-up Deus Automobiles teases new electric hypercar – CAR Magazine
There’s no shortage of uber-powerful electric hypercars at the moment. Well-heeled buyers can already choose from the Lotus Evija, the Aspark Owl and the Rimac Nevera – but that hasn’t stopped the Austrian start-up brand Deus Automobiles from adding to the market. Deus has been around since 2020, but the company decided to fly under… Continue reading Austrian start-up Deus Automobiles teases new electric hypercar – CAR Magazine
Volvo announces expansion of its R&D operations in India
Swedish automotive major Volvo Group on Thursday announced the expansion of its research and development operations in India, which has become its largest development site outside Sweden. As part of the expansion in the country, Volvo Group Deputy CEO Jan Gurander laid the foundation for the ‘Vehicle TechLab’ for Volvo Group’s research and development operations… Continue reading Volvo announces expansion of its R&D operations in India