Month: February 2021

Porsche will participate in a financing round of Rimac Automobili that will see the electric supercar maker raise 130 million to 150 million euros ($157 million to $181 million), Mate Rimac told Automotive News Europe sister publication Automobilwoche. The strategic investment should be completed in two to three months, Rimac, who founded the electric supercar
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DETROIT — Fiat Chrysler Automobiles contacted the Cherokee Nation last summer about setting up an educational program for its employees. It was supposed to be a cultural enrichment endeavor to shine a light on the people whose name has been attached to one of Jeep’s most popular vehicles for nearly 50 years. The event didn’t
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Tesla‘s Elon Musk probably never imagined that the Cybertruck would have such a big impact on people, so much so that many of them are doing all kinds of crazyprojects. We already saw replicas in various scales, electric and ICE (including a Ford F-150 Raptor), toys, cardboard, and now this, a snow Cybertruck. Cyber snowman. There
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Fisker’s new full-electric car developed with Apple partner Foxconn Technology Group will be an affordable five-seater that will have the same broad appeal as the original Mini and Volkswagen Beetle, CEO Henrik Fisker said. Fisker and Taiwan’s Foxconn on Wednesday announced a partnership for Foxconn to build a car targeted at markets including North America,
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Just as Hyundai pulled back the curtains on its ambitious new electric vehicle initiative last week, it got a stinging reminder of the perils ahead in electrification. The South Korean automaker said it will have to recall 82,000 EVs because of a potential for battery fires — a recall that will cost $900 million. News
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California’s Gunther Werks returned this week with another carbon-bodied stunner based on the 993-generation 911. This time the company delivered a wide-body speedster to complement its coupe from a few years back. 2022 Hyundai Ioniq 5 The first model based on Hyundai Motor Group’s E-GMP dedicated electric-vehicle platform was revealed this week in the form
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In committing billions of dollars to their Ontario assembly plants, the Detroit 3 have signaled that they see Canada as central to their electrification plans — thanks in part to enhanced government incentives. In January, General Motors committed to a $781 million investment in CAMI Assembly in Ingersoll, Ontario, to build its new BrightDrop EV600
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It’s been a year of storms for Greg Luther. The first one hit his immune system in January, when the body shop director at Helfman Dodge-Chrysler-Jeep-Ram-Fiat in Houston missed three weeks of work after contracting COVID-19. Luther had to stave off severe headaches and congestion while losing his abilities to taste and smell. He was
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More than 1,000 Dodge Chargers have been stolen across southeastern Michigan in the past year, including some thefts from dealership lots, according to a police department in the region. Among the latest to disappear are two 2021 Charger Scat Pack models taken Feb. 2 from LaFontaine Chrysler-Dodge-Jeep-Ram of Saline. Deputy Police Chief Marlene Radzik told
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In this episode of the ABCs of EVs we discuss direct current. Find out what DC is here. For a primer, we present a basic definition of direct current below, but you’ll learn more about how it applies to EVs by watching the video above. Direct current (DC) is the one directional flow of electric charge. An electrochemical
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FRANKFURT – Volkswagen Group said it expects revenues and deliveries to rebound strongly in the current year, shrugging off the impact of the coronavirus pandemic. The automaker also said its operating profit, stripping out special items related to the diesel scandal, fell 45 percent to 10.6 billion euros ($12.9 billion) last year. VW is projecting an
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By Maria Merano Posted on February 25, 2021 A leaked Elon Musk email recently revealed that parts supply issues gave Tesla the opportunity to bring the Fremont Factory’s production down. There were rumors that Tesla shut down production lines in Fremont before the email’s leak, which may have worried people who were closely watching the
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Carvana Co.’s fourth-quarter revenue soared amid higher unit sales, though a large outlay to restructure debt led to a higher netloss. The online used-vehicle retailer said Thursday it posted a fourth-quarter net loss of $154.6 million, compared with a net loss of $125.7 million in the year-earlier period. Carvana said the net loss included $34
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Just before the coronavirus pandemic hit, at the 2020 Consumer Electronics Show, Toyota announced an ambitious plan to build an entire city in Japan as a showcase for futuristic tech. Despite everything that’s happened since that announcement, Toyota is still going ahead with this scheme. Toyota held a groundbreaking ceremony for the project, dubbed Woven
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