by Michael Strong | Jul 10, 2020
The faith of investors in electric vehicles keeps on growing with Rivian being the latest to secure a bundle of cash: $2.5 billion led by T. Rowe Price. Rivian’s influx of new funds comes just a day after Fisker Inc. revealed it received $50 million in new funding to...
by Joseph Szczesny | Jul 10, 2020
Daimler AG CEO Ola Källenius used the company’s virtual annual meeting this week to show off new technology being used in the next generation S-Class sedan, predicting it will set new standards for luxury vehicles. Källenius said 48-volt battery will be standard and...
by Paul A. Eisenstein | Jul 9, 2020
EV startup Fisker Inc. is discussing a possible sale that would mark the first step in a plan to take the company public. TheDetroitBureau.com was able to confirm several key details of a story first reported Wednesday afternoon by Reuters news service, though the...
by Michael Strong | Jul 9, 2020
(This story has been updated with new information about Chinese auto sales.) Ford’s efforts to reverse its long struggle to sell vehicles in China may have started to take root, as the automaker saw its second-quarter sales rise 3% in the world’s largest automotive...
by Paul A. Eisenstein | Jul 9, 2020
The California-based EV startup Fisker Inc. locked down $50 million in hedge fund money this week, an investment the company says should help it take its Ocean SUV from concept to production by 2022. Located in suburban Los Angeles, the company is the second effort by...
by Paul A. Eisenstein | Jul 9, 2020
Automakers are spending tens of billions of dollars in their drive to bring autonomous vehicle technology to fruition and if claims made by CEO Elon Musk are on target, Tesla could be on the verge of delivering the world’s first fully driverless vehicle by the end of...
by Michael Strong | Jul 8, 2020
The first iteration of the eighth generation Corvette was, unsurprisingly, a big hit. The first ever mid-engine model made a huge splash with its introduction and those who waited flocked to dealerships ready to place orders. Even a pandemic couldn’t stem the tide...
by Paul A. Eisenstein | Jul 8, 2020
Steve Carlisle, who has served as head of Cadillac for the past two years, has been named the new president of General Motors North American operations. The 58-year-old Carlisle replaces Barry Engle, who was said to be seeking to pursue other opportunities. When he...
by Paul A. Eisenstein | Jul 8, 2020
Like a cat, the Chevrolet Sonic has survived a series of near-death experiences – but it has finally run out of lives, Chevy announcing it will drop the smallest passenger car in its line-up “due to declining demand.” The imminent departure brings parent General...
by Joseph Szczesny | Jul 8, 2020
The pandemic remains a challenge of historic proportions, Daimler AG executives said during a shareholders meeting conducted via the Internet after it was postponed from its original date in April as COVID-19 spread across Europe. During the meeting, shareholders were...
by Michael Strong | Jul 7, 2020
Volkswagen has been making a bunch of noise about a wave of electrified products it plans to swamp the automotive market with, but it’s the parent company’s premium brand, Audi, that seems to be leading the charge, including its new Q4 e-tron Sportback. The second...
by Paul A. Eisenstein | Jul 7, 2020
Still think electric vehicles are slow and stodgy? You might change your mind – fast – after checking out some numbers from Lotus. The British brand, long known for its exotic, high-performance sports cars, is betting big on electrification, the new Lotus Evija...
