Ghosn Reimbursing Renault €50,000 for Wedding Expenses

Ghosn Reimbursing Renault €50,000 for Wedding Expenses

Former Renault-Nissan-Mitsubishi Chairman and CEO Carlos Ghosn is reimbursing Renault €50,000 for a bill the automaker incurred for the use of a chateau at the Palace of Versailles for Ghosn’s lavish wedding in 2016. Ghosn, who is being detained in Japan and being...
Tesla Purchasing Ultracapacitor Maker Maxwell Tech

Tesla Purchasing Ultracapacitor Maker Maxwell Tech

Tesla will spend $218 million to acquire Maxwell Technologies, an energy company that could help it both reduce battery costs and develop a battery alternative called an ultracapacitor. Separately, Electrify America, a company dedicated to promoting and supporting...
BMW Reveals New 7-Series Plug-In Hybrid

BMW Reveals New 7-Series Plug-In Hybrid

BMW continues its push to electrify its line-up with the official launch of the new 745e model. Three different versions of the plug-in hybrid will be offered worldwide, including the 745e, the 745Le and the 745e xDrive, the latter being the only variant planned for...
Sweden Approves Volvo JV for Autonomous Car Testing

Sweden Approves Volvo JV for Autonomous Car Testing

A Volvo Cars joint venture has gotten approval to test its software in self-driving cars on Swedish highways at speeds of up to 80 kilometers or 60 miles per hour. Zenuity, a joint venture between Volvo and Swedish tech company Veoneer, developed software for Level 4...