Bill Ford, executive chair of Ford Motor Company, dramatically expanded his personal investment in the automaker on Wednesday, according to a federal regulatory filing. He opted to exercise nearly 2 million stock options granted to him as part of his executive pay package. A large portion of the options were set to expire soon and have no value… Continue reading Bill Ford could have sold automaker stock for $18M. He paid $20M to keep it instead.
Tag: Electric vehicles
VW Americas CEO sees chip shortage lasting into 2022, but industry protecting margins
Scott Keogh, CEO of Volkswagen of America, speaks during a Volkswagen press conference at the Los Angeles Auto Show in Los Angeles, California, U.S. November 28, 2018. REUTERS/Kyle Grillot/file photo Register now for FREE unlimited access to reuters.com Register DETROIT, Dec 8 (Reuters) – Volkswagen AG’s (VOWG_p.DE) Americas chief sees the global chip shortage lasting… Continue reading VW Americas CEO sees chip shortage lasting into 2022, but industry protecting margins
Volkswagen closes three new partnerships to amp up EV production
Volkswagen has entered into three new partnerships related to electric vehicle batteries, as the German automaker looks to transition its entire portfolio of cars, trucks and SUVs to zero-emission vehicles by 2040. The three separate partnerships, all of which were announced Wednesday, are with materials technology group Umicore, battery specialist 24M Technologies and Vulcan Energy… Continue reading Volkswagen closes three new partnerships to amp up EV production
Lucid Group, Inc. Announces Proposed Convertible Senior Notes Offering
NEWARK, Calif., Dec. 8, 2021 /PRNewswire/ — Lucid Group, Inc. (“Lucid”)(Nasdaq: LCID) today announced its intention to offer, subject to market and other conditions, $1,750,000,000 aggregate principal amount of convertible senior notes due 2026 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the… Continue reading Lucid Group, Inc. Announces Proposed Convertible Senior Notes Offering
@VW Group: Volkswagen enters into strategic partnerships for the industrialization of battery technology004320
The Volkswagen Group has entered into three more strategic partnerships, further strengthening its position in the field of batteries. The new partners are the leading materials technology group Umicore, the battery specialist 24M Technologies, and cleantech company Vulcan Energy Resources Ltd. Although these three partnerships are independent from each other, they share a common goal:… Continue reading @VW Group: Volkswagen enters into strategic partnerships for the industrialization of battery technology004320
@Mazda: 000424
New CX-9 Touring Plus provides customers more features Performance is enhanced on CX-9 with standard i-Activ All-Wheel Drive 2022 CX-9 goes on sale with a starting MSRP1 of $35,280 and will arrive at dealerships this winter IRVINE, Calif. (Dec. 7, 2021) – As Mazda’s flagship three-row midsize crossover SUV, the CX-9 has been instrumental in… Continue reading @Mazda: 000424
@FCA: Free2Move Mobility Hub Expands to Austin
December 8, 2021 , Austin – Free2Move, driven to develop flexible mobility solutions that meet the evolving market demand, is excited to add Austin, Texas, to its list of Mobility Hubs. Austinites can already see the Free2Move fleet of 100 Jeep® Renegade vehicles parked on the city streets. As of today, Austin residents are able to… Continue reading @FCA: Free2Move Mobility Hub Expands to Austin
U.S. auto safety agency presses Tesla on video game feature
A logo of the electric-vehicle maker Tesla is seen near a shopping complex in Beijing, China January 5, 2021. REUTERS/Tingshu Wang Register now for FREE unlimited access to reuters.com Register WASHINGTON, Dec 8 (Reuters) – Expressing concern about distraction-affected vehicle crashes, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Wednesday it is discussing… Continue reading U.S. auto safety agency presses Tesla on video game feature
Volkswagen Group secures deal with Vulcan Group for ‘CO2-free’ lithium
The Volkswagen Group has agreed a major deal for a supply of “CO2-free” lithium hydroxide for use in cells from 2026, as part of a series of partnerships it has reached to boost its EV battery technology. Wolfsburg has secured a five-year agreement with the Vulcan Group for a supply of battery-quality lithium hydroxide, sourced from… Continue reading Volkswagen Group secures deal with Vulcan Group for ‘CO2-free’ lithium
Motherson invests in 15-minute EV charging tech start-up Exponent Energy
Exponent Energy, an electric vehicle charging tech start-up, has got $5 million (Rs 37 crore) in pre-series A round of funding from existing investors YourNest VC; 3one4 Capital, AdvantEdge VC and new participation from Tier 1 supplier Motherson Group. Bangalore-based Exponent Energy, an energy solutions start-up, has announced the development of a battery pack and… Continue reading Motherson invests in 15-minute EV charging tech start-up Exponent Energy