One year after nabbing $590 million from investors led by Toyota, and a few months after picking up Uber’s flying taxi business, Joby Aviation is reportedly in talks to go public in a SPAC deal that would value the electric plane manufacturer at nearly $5.7 billion. News of a potential deal comes on the heels of another big SPAC transaction… Continue reading With a reported deal in the wings for Joby Aviation, electric aircraft soars to $10B business
Tag: Mobility
Elon Musk says he wants the new Tesla Roadster to be able to hover ‘without, you know, killing people’
Elon Musk said he wanted the next Roadster to be able to hover “like a meter” off the ground. He told Joe Rogan he was trying to work out how to do this “without, you know, killing people.” Musk has already promised some versions of the Roadster will come with rocket thrusters. Visit the Business… Continue reading Elon Musk says he wants the new Tesla Roadster to be able to hover ‘without, you know, killing people’
@Hyundai: How Hyundai Motorsport combines performance and sustainability
Hyundai is using motorsport as a testing ground for new technologies New Veloster N ETCR and i20 N Rally2 racing models are based on road-going Hyundai cars to illustrate technology transfer for the digital age By building an all-electric race car like the Veloster N ETCR, Hyundai proves that high-performance EVs are possible 12 February… Continue reading @Hyundai: How Hyundai Motorsport combines performance and sustainability
@Daimler: Production anniversary at Mercedes-Benz: 50 million passenger cars from the global production network
Stuttgart. Anniversary and premiere at Mercedes-Benz: The first new Mercedes-Maybach S-Class from Factory 56 is also the 50-millionth car from Mercedes-Benz to roll off the line in the global production network. “Mercedes-Benz has always been synonymous with luxury. That’s why I’m very proud of this very special production anniversary: Fifty million vehicles produced is a… Continue reading @Daimler: Production anniversary at Mercedes-Benz: 50 million passenger cars from the global production network
@niche: Xos Trucks Partners with Thompson Truck Centers, Secures Truck Order000537
LOS ANGELES, Feb. 11, 2021 (GLOBE NEWSWIRE) — Xos Trucks, Inc., a leading manufacturer of fully electric commercial vehicles, is pleased to announce it has partnered with Thompson Truck Centers to help get more electric vehicles on the road, faster.The partnership includes a purchase order from Thompson Truck Centers, a subsidiary of Thompson Machinery, headquartered… Continue reading @niche: Xos Trucks Partners with Thompson Truck Centers, Secures Truck Order000537
VW explores feasibility of building flying cars – Automotive News Europe
HAMBURG — Volkswagen Group is conducting a feasibility study into flying cars, joining a growing number of companies looking into the potential technology. “Beyond autonomous driving the concept of vertical mobility could be a next step to take our mobility approach into the future, especially in the Chinese market,” VW said on Tuesday. “Therefore, we… Continue reading VW explores feasibility of building flying cars – Automotive News Europe
Noida-based Exalta plugs into e-mobility business
Electric vehicles (EVs) and e-mobility are picking up pace in India as is quite visible from their growing sales numbers, as well as the increasing real-world population of these zero-emission modes of transport on the roads. And skyrocketing prices of petrol and diesel could also be a reason. The Covid-driven lockdowns of 2020 have… Continue reading Noida-based Exalta plugs into e-mobility business
Autonomous Vehicles for Airports: Multiple Use Cases
It may be difficult to imagine at this moment, but the International Air Transport Association (IATA) predicts that air travel will double by 2036 — from 4 billion travelers in 2019 to 8 billion in 2036. While the pandemic-induced reduction in air travel has caused steep reduction in air traffic, Ty Osbaugh, director of aviation… Continue reading Autonomous Vehicles for Airports: Multiple Use Cases
Stellantis boss Tavares tours Detroit plants, talks up Chrysler brand
The Chrysler brand got props Wednesday from the new CEO of the merged company that controls its fate. Carlos Tavares, CEO of Stellantis, told reporters that Chrysler is one of three historical pillars that make up the foundation of the company, along with Peugeot and Fiat. Stellantis was formed last month from the merger of Peugeot maker… Continue reading Stellantis boss Tavares tours Detroit plants, talks up Chrysler brand
Uber investors struggled to grasp its Q4 earnings, reflecting the company’s uncertain road to profitability (UBER)
Uber reported its Q4 2020 earnings on Wednesday, and its mixed results highlighted the uncertain road ahead for the company, which has yet to turn a profit in its twelve-year history. Uber beat Wall Street’s earnings expectations, losing $0.54 per share versus estimates of $0.55 — but it fell short on revenue, with $3.17 billion… Continue reading Uber investors struggled to grasp its Q4 earnings, reflecting the company’s uncertain road to profitability (UBER)