The acquisition of TrueCar will refocus the business on profitability and the future of how consumers access mobility. SANTA MONICA, Calif., Jan. 21, 2026 /PRNewswire/ — TrueCar, one of the most recognized and trusted automotive brands, today announced the completion of its sale in a take-private transaction with Fair Holdings, Inc., led by TrueCar Founder… Continue reading Fair Holdings, Inc., Led by TrueCar Founder Scott Painter, Completes $227 Million Take-Private Acquisition of TrueCar with PenFed, Zurich North America, AutoNation and Others
Tag: Electric vehicles
Tesla patents ‘clever math trick’ for HW3, but nothing points to delivering promised self-driving
Tesla has published a new patent that describes a way to squeeze more performance out of its aging HW3 self-driving computers. While the technology is interesting, nothing points to it actually enabling Tesla to deliver on its long-standing promise of unsupervised self-driving on HW3 vehicles. In 2016, Tesla announced that all vehicles produced thereafter would… Continue reading Tesla patents ‘clever math trick’ for HW3, but nothing points to delivering promised self-driving
SMMT statement on the Commission on UK Gigafactories report
SMMT statement on the Commission on UK Gigafactories report Attracting investment in UK battery production and vehicle manufacturing is essential if we are to restore the sector to a 1.3 million vehicle manufacturing hub by 2035 – a key Industrial Strategy ambition. To do that we need competitive conditions – which the Gigafactory Commission rightly… Continue reading SMMT statement on the Commission on UK Gigafactories report
@VW Group: New cross-brand steering model for Brand Group Core strengthens foundation for more competitive products and greater efficiency011272
The Brand Group Core (BGC) within the Volkswagen Group – the organizational unit comprising the volume brands Volkswagen Passenger Cars, Škoda, SEAT&CUPRA and Volkswagen Commercial Vehicles – is taking the next step in its successful cooperation. From this January, an overarching steering model lays the groundwork for an efficient and more competitive organization. As the… Continue reading @VW Group: New cross-brand steering model for Brand Group Core strengthens foundation for more competitive products and greater efficiency011272
@VW Group: Start of the Circular economy: Zwickau vehicle plant launches business areas011271
The Zwickau vehicle plant is now taking on the role of central competence centre for the circular economy within the Volkswagen Group. In Zwickau, new business areas in the circular economy will be examined for economic viability, standards will be set and the knowledge gained will be made available to other locations worldwide. Volkswagen plans… Continue reading @VW Group: Start of the Circular economy: Zwickau vehicle plant launches business areas011271
German FAZ: VW wants to dismantle up to 15,000 cars a year010468
The Volkswagen Group is carrying out the planned restructuring of its car factory in Zwickau: job cuts are in full swing, and new tasks are now intended to at least partially cushion the structural break. As VW announced on Wednesday at a press conference at the traditional automobile location in the northern district of Mosel,… Continue reading German FAZ: VW wants to dismantle up to 15,000 cars a year010468
German FAZ: A change at the top and a new number 3010467
The global electric car market continued to grow last year, but the momentum is being redistributed. While the US market is stagnating, competition in China has exploded – and with it sales figures: almost nine million electric cars were sold in China last year, 33 percent more than the year before, shows a PwC analysis… Continue reading German FAZ: A change at the top and a new number 3010467
German Manager Magazine: Tesla: Grünheide factory employs 1,700 fewer people than 2,024,004,661
The US electric car manufacturer Tesla employs around 1,700 fewer people in its only car factory in Europe in Grünheide near Berlin than two years ago – the company speaks of normal fluctuations and a stable situation. “Compared to 2024, there have been no significant job cuts among the permanent workforce. There are no plans… Continue reading German Manager Magazine: Tesla: Grünheide factory employs 1,700 fewer people than 2,024,004,661
Opaia Launches Angola’s Only Car Assembly Plant
LUANDA, Angola, Jan. 21, 2026 /PRNewswire/ — Opaia, Angola’s leading diversified group of companies focused on value creation throughout Africa, is pleased to announce the launch of Opaia Motors – Angola’s only domestic producer of quality, affordable, commercial and private cars and buses. This new industrial platform marks a milestone for Angola’s transport sector, strengthening national… Continue reading Opaia Launches Angola’s Only Car Assembly Plant
Rockwell Automation to Power Lucid’s EV Manufacturing Facility in Saudi Arabia with Advanced Software Solutions
FactoryTalk® MES and local support to drive EV production and workforce development in alignment with Saudi Arabia’s Vision 2030 DAMMAM, Saudi Arabia, Jan. 21, 2026 /PRNewswire/ — Rockwell Automation, Inc. (NYSE:ROK), the world’s largest company dedicated to industrial automation and digital transformation, today announced a deepened collaboration with Lucid, maker of the world’s most advanced electric… Continue reading Rockwell Automation to Power Lucid’s EV Manufacturing Facility in Saudi Arabia with Advanced Software Solutions