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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11:23 AM ET Associated Press HELSINKI — Hannu Mikkola, the 1983 rally world champion and one of Finland’s rally greats who earned the nickname the “Flying Finn” and international renown in a driving career spanning more than 30 years, has died. He was 78. Mikkola’s son Vesa Mikkola, a former rally driver, tweeted Saturday that
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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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Toyota’s decision to add at least a third plug-in hybrid nameplate to its U.S. lineup next year bucks an industry trend that has seen other automakers pull back their PHEV offerings as full battery-electric vehicles proliferate. The industry fall-off in plug-ins might be because of the vehicles’ added cost and complexity or the fact that
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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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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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Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee
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Indian billionaire investor Rakesh Jhunjhunwala is betting on automaker Tata Motors as one of the winners of India’s growing electric vehicle market. “I think the biggest and the best player in electric cars in India is going to be Tata Motors,” Jhunjhunwala told CNBC’s “Street Signs Asia,” on Tuesday. “I am a large shareholder of
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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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Charles Munger, vice chairman of Berkshire Hathaway Inc. Jonathan Alcorn | Bloomberg | Getty Images Charlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett’s longtime business partner, on Wednesday dismissed the rocketing share price of Tesla and the recent bitcoin frenzy. During an interview at the Daily Journal’s annual shareholder’s meeting, Munger was asked
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Italian supplier Sogefi appointed Frederic Sipahi as its new CEO on Friday after posting a 22 percent drop in 2020 core profits as an uptick in sales in the fourth quarter was not enough to offset the impact of the coronavirus crisis. The Milan-based company, which develops and produces filtration, air management and engine cooling
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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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Range anxiety remains a potential roadblock to the widespread adoption of electric vehicles. It’s a situation brought into sharp relief during disasters such as the recent power outages in Texas, which may keep drivers from accessing charging stations, thus limiting their ability to travel long distances to evacuate stricken areas. A J.D. Power survey issued
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