By Reuters Staff 2 Min Read (Reuters) – Electric vehicle technology startup REE Automotive has agreed to go public through a merger with a blank-check company, in a deal that values the Israeli firm at around $3.6 billion, the companies said on Wednesday. FILE PHOTO: A prototype of a platform by Israel’s REE Automotive, developers… Continue reading @niche: Israeli EV startup REE to go public through $3.6 billion blank-check deal000518
Tag: Mobility
Ford CEO promises ‘year of action’ as he accelerates company restructuring and transition to EVs – CNBC
Jim Farley, Ford CEO Ford DETROIT – Ford Motor CEO Jim Farley is promising something Wall Street has been asking from the storied American car manufacturer for years: A clear and decisive plan as the auto industry transitions to electric vehicles. In the coming months, Farley said he “will lay out the entire picture” for… Continue reading Ford CEO promises ‘year of action’ as he accelerates company restructuring and transition to EVs – CNBC
Baidu Tops Beijing Autonomous Vehicles Road Test Report for the Third Consecutive Year
BEIJING, Feb. 5, 2021 /PRNewswire/ — Baidu, Inc. (NASDAQ: BIDU) affirmed its comprehensive leadership position in China’s autonomous driving industry with the results of the recently-published 2020 Beijing Autonomous Vehicles Road Test Report, in which Baidu Apollo topped industry peers across every testing category for the third consecutive year. In addition to maintaining the largest fleet… Continue reading Baidu Tops Beijing Autonomous Vehicles Road Test Report for the Third Consecutive Year
Ford is more than doubling its investment in electric and autonomous vehicles to $29 billion
Ford is increasing its investment in electric and autonomous vehicles to $29 billion, the company’s top executives said in an earnings call Thursday. The automaker had previously committed to spend $11.5 billion on electrifying its vehicle lineup through 2022. Now, Ford says it will spend double that amount, while extending the timeline to 2025. The… Continue reading Ford is more than doubling its investment in electric and autonomous vehicles to $29 billion
Ford ends electric vehicle deal with China company ‘on cusp of collapse’
Ford Motor Co. has ended its joint venture electric vehicle plans with China’s Zotye, a company with financial troubles so severe that it’s fighting for survival. The Ford development, first reported late Wednesday by Reuters in Shanghai, does not change the automaker’s commitment to producing vehicles for the largest electric vehicle market in the world, spokesman T.R.… Continue reading Ford ends electric vehicle deal with China company ‘on cusp of collapse’
@Ford: Ford Raises Planned Investment in EV, AV Leadership to $29 Billion; Further Advances Turnaround of Global Automotive Business in Q4
About Ford Motor Company Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford trucks, utility vehicles, and cars – increasingly including electrified versions – and Lincoln luxury vehicles; provides financial services through Ford Motor Credit Company; and is pursuing… Continue reading @Ford: Ford Raises Planned Investment in EV, AV Leadership to $29 Billion; Further Advances Turnaround of Global Automotive Business in Q4
@FCA: New 2021 Dodge Durango SRT Hellcat Production Starts
February 4, 2021 , Windsor, Ontario – Today marks the start of production for the new 2021 Dodge Durango SRT Hellcat at the three-million-square-foot Jefferson North Assembly Plant (JNAP) in Detroit. “Like welcoming a new member to the family, today’s launch of the Durango SRT Hellcat celebrates the newest addition to the Brotherhood of Muscle,” said Tim… Continue reading @FCA: New 2021 Dodge Durango SRT Hellcat Production Starts
Introducing: Black@Waymo
This month, we’re recognizing Black History Month, an annual celebration of the experiences and contributions of Black and African Americans who have shaped and strengthened our country. This year, more than ever, we uphold the responsibility to recognize and highlight the importance of amplifying Black voices.Last summer, in the wake of the deaths of Amaud… Continue reading Introducing: Black@Waymo
Ford boosts investment plan for EVs and self driving vehicles, reports loss
By Reuters Staff 1 Min Read Slideshow ( 2 images ) DETROIT (Reuters) – Ford Motor Co on Thursday boosted the amount of money it plans to invest on electric and autonomous vehicles to $29 billion even as it posted a fourth-quarter net loss of $2.8 billion. The No. 2 U.S. automaker also said the… Continue reading Ford boosts investment plan for EVs and self driving vehicles, reports loss
@Toyota: Electrifying Toyota’s IP Engine
In 2020, Toyota led the automotive industry with 2,819 patents granted from the U.S. Patent and Trademark Office. To get a better understanding of how Toyota engineers are driving innovation, we spoke with Eric Dede, a Group Manager at the Electronics Research Department at Toyota Research Institute of North America (TRINA) in Ann Arbor, Michigan.… Continue reading @Toyota: Electrifying Toyota’s IP Engine