Silver Spring, Md. — Electric vehicle maker Nuro said Tuesday it had secured $600 million in funding from Google, Kroger and others to continue the development of its autonomous delivery vehicle service. The Silicon Valley robotics company has already made thousands of grocery deliveries with Kroger as a part of a 2018 partnership. More: Robots hit the… Continue reading Autonomous vehicle maker Nuro secures $600M for expansion
Tag: Strategy
@VW Group: Bugatti Rimac: Bugatti and Rimac begin Cooperation in a New Company004128
Bugatti repositions itself for the future. Today, on November 2, 2021, the “Bugatti Rimac” joint company project gets underway – only four months after the initial announcement. With it, Bugatti, Rimac and Porsche mark the beginning of a new chapter in automotive history. As shareholders, the Rimac Group holds 55 percent of the shares, while… Continue reading @VW Group: Bugatti Rimac: Bugatti and Rimac begin Cooperation in a New Company004128
Fisker Secures Long-term Battery Capacity With CATL for the Fisker Ocean SUV
Fisker and CATL agree to over 5 gigawatt-hours (GWh) annual battery capacity for the Fisker Ocean SUV. Fisker will utilize CATL’s unique dual-chemistry cell capability to optimize performance, application, cost and market position across the Fisker Ocean option package lineup. Fisker and CATL to optimize battery pack structure to support Fisker Ocean packaging requirements. CATL… Continue reading Fisker Secures Long-term Battery Capacity With CATL for the Fisker Ocean SUV
Volvo Cars urges world leaders for more clean energy investment to maximise EV potential
Volvo Cars has urged world leaders and energy providers to significantly boost investments in clean energy, in order for its and other electric cars to deliver on their true potential in terms of climate benefit. The call coincides with a newly published report into the overall lifecycle carbon emissions of Volvo Cars’ latest fully electric… Continue reading Volvo Cars urges world leaders for more clean energy investment to maximise EV potential
BlackRock looks to power Tata’s green business
Representative image The biggest green warrior on Wall Street might soon partner with one of India’s most trusted conglomerates. BlackRock chairman and CEO Larry Fink is closing in on an investment $500-750 million (₹3,750-5,625 crore) in Tata Power Renewable Energy Ltd (TPREL), said people with knowledge of the matter. That will value the subsidiary of… Continue reading BlackRock looks to power Tata’s green business
SAIC Motor’s overseas entity chooses HERE for connected driving. What happens next?
SAIC Motor’s overseas entity has partnered with HERE as it embarks on an ambitious EV and connected car expansion into Europe. Connected, automated, electric—three words that are increasingly defining the future of motoring. Helping to power this four-wheel revolution is location technology, as cars become more connected to each other, to our smartphones, and our… Continue reading SAIC Motor’s overseas entity chooses HERE for connected driving. What happens next?
Autos & TransportationEV startup Rivian could be worth nearly as much as Honda in U.S. IPO10:23 PM UTC
Nov 1 (Reuters) – Rivian Automotive Inc, which is backed by Amazon.com Inc (AMZN.O), is targeting a valuation of more than $53 billion for its U.S. debut, making the electric vehicle manufacturer potentially almost as valuable as rival Honda Motor (7267.T). The startup is looking to raise up to $8.4 billion, setting it up to… Continue reading Autos & TransportationEV startup Rivian could be worth nearly as much as Honda in U.S. IPO10:23 PM UTC
@VW Group: Note for editors: ||The successful ID. family continues to grow: World premiere for the ID.5 and the ID.5 GTX004123
On November 3rd, Volkswagen presents its first E-SUV coupé, the all-electric top model with premium features based on the modular electric drive matrix (MEB). The new ID.5 and the sporty ID.5 GTX with dual-motor all-wheel drive inspire with expressive design, long-distance capability and the latest software generation. Volkswagen is transforming into the direction of electrification… Continue reading @VW Group: Note for editors: ||The successful ID. family continues to grow: World premiere for the ID.5 and the ID.5 GTX004123
@FCA: Stellantis Closes Previously Announced Acquisition of First Investors Financial Services Group
November 1, 2021 , AMSTERDAM – Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) (“Stellantis”) is pleased to announce completion of the acquisition of F1 Holdings Corp., parent company to First Investors Financial Services Group (“First Investors”), from an investor group led by Gallatin Point Capital LLC. The acquisition, previously announced on September 1, 2021,… Continue reading @FCA: Stellantis Closes Previously Announced Acquisition of First Investors Financial Services Group
Tata Motors Q2 net loss widens to INR 4,415.54 crore
Its revenue from operations stood at INR 10,996.02 crore, compared to INR 5,594.60 crore a year ago. New Delhi: Auto major Tata Motors on Monday reported a widening of its consolidated loss for the July to September 2021 quarter to INR 4,415.54 crore. The company had posted a consolidated loss of INR 307.26 crore for… Continue reading Tata Motors Q2 net loss widens to INR 4,415.54 crore