Volvo has shrunk the size of its initial public offering just days before it starts trading on Nasdaq Stockholm on October 29, a day later than initially announced. The Swedish car manufacturer had previously said its IPO would be priced between 53 crowns ($6.20) and 68 crowns ($7.90) per share and has now confirmed they […]
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German electric car startup Sono Motors has filed for an initial public offering (IPO) in the United States. The small company is in the midst of developing its all-electric Sion and plans to begin first customer deliveries in the first half of 2023. In its IPO filing, the EV startup confirmed that it has more […]
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BMW today celebrated the completion of the first production i4 electric sedan. Produced at its home plant in Munich, the car is the first fully electric vehicle produced at the plant in its nearly 100-year history. BMW announced that its Munich plant would be upgraded to produce EVs last year and was able to modify […]
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Tesla’s driving data storage system has been decrypted, claims the Dutch government’s forensic lab. Long kept from others, the information gives the lab access to considerably more information than it previously knew existed. Although it has long been known that Teslas record driving data and some data has historically been presented to investigators after accidents, […]
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The largest automotive plant in the world, operated by one of the largest automakers, has seen production plummet in 2021 as a result of supply-related issues. Sources at Volkswagen told Reuters that the Wolfsburg plant has produced just 300,000 vehicles so far this year, the lowest figure it has recorded since 1958. The plant has […]
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Toyota announced today that it will invest $3.4 billion (¥380 billion) in automotive battery advancement in the U.S. through 2030. The money will go towards developing and building batteries for electric vehicles, though the initial focus will be on batteries for hybrids. “This investment will help usher in more affordable electrified vehicles for U.S. consumers, […]
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Ford of Europe is sinking £230 million ($315 million) into its Halewood plant in north west England to prepare it for the carmaker’s 2030 switch to exclusively electrified passenger car sales. The Merseyside plant currently makes transmission units for the Focus and Fiesta, but from 2024 will also build EV powertrains for the next generation […]
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It’s hard to think of a more quintessentially American car than the Ford Mustang GT V8. But that’s not just nostalgia talking, it’s maths and science, people. The 2021 Mustang 5.0-liter GT has just nabbed top spot on a league table that measures the volume of U.S.-built content in the nation’s cars. According to the […]
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The Volkswagen Group managed to sell 122,100 electric vehicles around the world between July and September of this year. That’s more than twice as many as it managed to sell in the same period in 2020. “Our global electric offensive continues to run at full speed: we are clearly the number 1 for all-electric vehicles […]
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Novares, a French auto parts supplier, is seeking tens of millions of dollars in damages from its customers after the semiconductor chip shortage forced carmakers around the world to halt production of various models. The company makes plastic parts that find their way into a third of all vehicles globally, reports Reuters, and says that […]
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