SAN FRANCISCO, June 21, 2024 /PRNewswire/ — Serve Robotics (“Serve”) (Nasdaq:SERV), a leading autonomous sidewalk delivery company, today announced the appointment of Euan Abraham as its Chief Hardware & Manufacturing Officer. Abraham, who has been with Serve since January 2022 as Senior Vice President of Hardware Engineering, has been instrumental in the development of Serve’s… Continue reading Serve Robotics Appoints Euan Abraham as Chief Hardware & Manufacturing Officer
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Bugatti Tourbillon revealed as £3.2m, 276mph, V16 hyper-hybrid
“We wanted to have it very emotional. It has to feel special, because ‘if it is comparable, it is no longer Bugatti’,” he added, referencing the slogan of company founder Ettore Bugatti. Powertrain The Tourbillon takes an appropriately outlandish approach to electrification, dropping the behemoth W16 motor which powered the Chiron and Veyron for a… Continue reading Bugatti Tourbillon revealed as £3.2m, 276mph, V16 hyper-hybrid
Magna International (TSE:MG) investors are sitting on a loss of 44% if they invested three years ago
As an investor its worth striving to ensure your overall portfolio beats the market average. But in any portfolio, there are likely to be some stocks that fall short of that benchmark. We regret to report that long term Magna International Inc. (TSE:MG) shareholders have had that experience, with the share price dropping 49% in… Continue reading Magna International (TSE:MG) investors are sitting on a loss of 44% if they invested three years ago
Mitsui boosts investment in EKA Mobility to drive EV innovation and expansion
This strategic infusion of capital will be directed towards capital expenditures (Capex) and working capital, supporting EKA Mobility’s continued expansion and innovation in the EV sector. New Delhi: EKA (Pinnacle Mobility Solutions) announces Mitsui & Co., Ltd. (“Mitsui”), a global trading and investment company with a rich history of contributing to industrial innovation, has executed… Continue reading Mitsui boosts investment in EKA Mobility to drive EV innovation and expansion
Japan’s Mitsui makes second investment in Pune-based EV startup EKA
EKA (Pinnacle Mobility Solutions), a rapidly growing electric vehicle startup based in Pune, India, has announced that Japanese business group Mitsui & Co has executed a second tranche investment as part of an initially announced phased investment plan. This strategic infusion of capital will support EKA Mobility’s continued expansion and innovation in the electric vehicle… Continue reading Japan’s Mitsui makes second investment in Pune-based EV startup EKA
Magna Awarded Reconfigurable Seating Business With Chinese OEM
Innovative system offers two rows of seats on long rails with a fully rotating front row Flexible layout for more in-cabin space Award showcases local R&D, complete technology development, and production readiness AURORA, Ontario, June 18, 2024 (GLOBE NEWSWIRE) — For more than 65 years, Magna has helped redefine the very concept of consumer experience… Continue reading Magna Awarded Reconfigurable Seating Business With Chinese OEM
Fisker failed because it wasn’t ready to be a car company
Two years ago, an employee at Fisker Inc. told me that the most pressing concern inside the EV startup was not whether its Ocean SUV would get built. Fisker was outsourcing the manufacturing of its first EV to highly respected automotive supplier Magna, after all. The startup’s November 2022 start-of-production target was aggressive, but not… Continue reading Fisker failed because it wasn’t ready to be a car company
Fisker files for bankruptcy protection in wave of EV startups, moment of déjà vu for its founder
Henrik Fisker stands with the Fisker Ocean electric vehicle after its unveiling at the Manhattan Beach Pier ahead of the Los Angeles Auto Show and AutoMobilityLA in Manhattan Beach, California. on Nov. 16, 2021. Patrick T. Fallon | AFP | Getty Images Fisker on Monday became the latest all-electric vehicle startup to file for Chapter… Continue reading Fisker files for bankruptcy protection in wave of EV startups, moment of déjà vu for its founder
Automotive Airbag Sensor Market size is set to grow by USD 227 million from 2024-2028, production shift to low-cost countries boost the market, Technavio
NEW YORK, June 18, 2024 /PRNewswire/ — The global automotive airbag sensor market size is estimated to grow by USD 227 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 6.22% during the forecast period. Production shift to low-cost countries is driving market growth, with a trend towards advancements in sensor… Continue reading Automotive Airbag Sensor Market size is set to grow by USD 227 million from 2024-2028, production shift to low-cost countries boost the market, Technavio
EV Maker Fisker Files for Bankruptcy
Fisker filed for Chapter 11 bankruptcy protection late on Monday, ending months of speculation over the future of the company. Now the EV maker is looking to sell its assets and restructure its debt after pausing production of its sole car model back in March. To anyone familiar with the Ocean all-electric SUV, news of… Continue reading EV Maker Fisker Files for Bankruptcy