General Motors Co. is considering revisions to its deal with embattled Nikola Corp., according to people familiar with the discussions, and may seek a higher stake in the startup now that its valuation has fallen after allegations of deception. GM tentatively agreed to take an 11% stake in Nikola as part of a cash-free deal… Continue reading GM considers boosting stake in Nikola in reworked deal
Tag: Strategy
Lucid Motors Opens Studio & Service Center in Beverly Hills
Having recently unveiled the Lucid Air Dream Edition, production of which will start in Spring of 2021, that car takes center stage at the Beverly Hills Studio, with customers able to review options for the full Lucid Air lineup of luxury, high-performance EVs. This includes the Lucid Air Grand Touring, which starts at $131,500 (after… Continue reading Lucid Motors Opens Studio & Service Center in Beverly Hills
BorgWarner completes acquisition of Delphi Technologies
Eight months after it entered into a pact to acquire Delphi Technologies, BorgWarner Inc. today announced it has completed its acquisition. The combination of BorgWarner and Delphi Technologies is expected to strengthen BorgWarner’s electronics and power electronics products, capabilities and scale, creating a leader in electrified propulsion systems that BorgWarner believes is well-positioned to take… Continue reading BorgWarner completes acquisition of Delphi Technologies
@Geely: Fri 02 Oct 2020Lotus wins UK Government support and funding to deliver next-generation EV architecture Read more
(Hethel, UK – 2 October 2020) – An engineering partnership led by Lotus has won UK Government support and funding to develop an all-new next-generation Battery Electric Vehicle (BEV) architecture. The news was confirmed today by the Advanced Propulsion Centre (APC). The funding is awarded as part of the APC’s Advanced Route to Market Demonstrator… Continue reading @Geely: Fri 02 Oct 2020Lotus wins UK Government support and funding to deliver next-generation EV architecture Read more
@niche: Nikola Appoints Steve Shindler to Board of Directors000141
PHOENIX, October 1, 2020 — Nikola Corporation (NASDAQ: NKLA) today announced that it has appointed Steve Shindler as a new independent director. In connection with his appointment, the Nikola Board of Directors has named Shindler Chair of the Audit Committee. The Company also announced today that Lonnie Stalsberg has decided to retire after more than… Continue reading @niche: Nikola Appoints Steve Shindler to Board of Directors000141
Stockholm-based Einride raises €8.5 million to expand its freight service using driverless e-vehicles
Einride, a Swedish startup that develops and provides freight transport solutions using on electric and autonomous vehicles, today announced around €8.5 million Ericsson Venturesin new funding from existing investors led by impact fund, Norrsken VC. EQT Ventures, Nordic Ninja VC, Ericsson Ventures, and other investors also participated in the round. This new round will be used to fast track the official launch of its Einride Pods and meet the overwhelming demand from existing clients including Oatly, Lidl, and more.
Einride was founded in 2016 by Robert Falck, Linnéa Kornehed and Filip Lilja, and became one of the world’s first companies to operate a truly driverless, autonomous, all-electric freight vehicle on a public road. Recently, the company launched the Einride Mobility Platform, a cloud-native transport execution system for autonomous, electric and traditional road transportation. With the platform, customers can use real-time information and actionable insights to implement s..
GM, Nikola renegotiate as Nikola makes more leadership changes
General Motors is seeking a higher equity stake in Nikola Corp. in return for sharing its fuel cell and battery technologies as well as building the Badger, a heavy-duty electric pickup, for Nikola. Two people familiar with the deal told the Detroit Free Press that lawyers for GM and Nikola have been meeting daily. GM originally agreed to an 11% equity stake in Nikola,… Continue reading GM, Nikola renegotiate as Nikola makes more leadership changes
@GM: GM Q3 Retail Share Climbs Despite Tight Inventory Strengthening retail sales driving industry recovery All-new crossover and SUV deliveries continu…
Strengthening retail sales driving industry recovery All-new crossover and SUV deliveries continue to gain sales momentum Large pickups showing strength with heavy-duty year-over-year growth DETROIT — General Motors (NYSE: GM) announced today that it delivered 665,192 vehicles in the third quarter of 2020, a decrease in total vehicle sales of about 10 percent compared to a year… Continue reading @GM: GM Q3 Retail Share Climbs Despite Tight Inventory Strengthening retail sales driving industry recovery All-new crossover and SUV deliveries continu…
@Renault: RENAULT EWAYS, THE CHALLENGE TOWARDS ZERO EMISSIONS000077
Boulogne-Billancourt, October 1, 2020 – From 15 to 26 October 2020, the first edition of Renault eWays will take place, a digital event for an unprecedented electric experience. Over a ten-day period, Groupe Renault will explore the future of mobility, cities and technologies alongside experts, partners and citizens to develop the debate around electromobility. Press conferences, world… Continue reading @Renault: RENAULT EWAYS, THE CHALLENGE TOWARDS ZERO EMISSIONS000077
@VW Group: Re-orientation of the brand takes shape – Audi starts a new brand campaign
Audi is redefining “Vorsprung” and putting people with their values and needs at the heart of the refined brand strategy. Sustainability, digitalization and design continue to be the core themes. The transformation towards sustainable and digital premium mobility is emphasized in the new global brand campaign with the slogan “Future is an Attitude”. Furthermore, the… Continue reading @VW Group: Re-orientation of the brand takes shape – Audi starts a new brand campaign