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Volkswagen takes a $1B stake in Rivian

Volkswagen just bought a $5 billion stake in Rivian The cash infusion will help bring the smaller Rivian R2 to market The deal gives VW access to Rivian's software and zonal electronics platform The Volkswagen Group will invest up to $5 billion in Rivian, laying the groundwork for collaboration on future EVs, the two automakers announced Tuesday...

Wed Jun 26, 2024 00:34
Ferrari builds a new factory—just for electric cars

Ferrari is prepping its first EV The new electric car will be built at its own newly-built factory in Maranello Ferrari plans for most of the factory's power to come from sustainable sources Ferrari recently unveiled an expansion of its factory to accommodate production of the automaker's first EV. The reconfigured "e-building" factory will...

Tue Jun 25, 2024 19:32
CA wants EVs to be more affordable

California residents can qualify for an incentive of up to $14,000 for EVs and charging hardware Some incentives depend on scrapping an older vehicle The state wants all new vehicles sold there to have charge ports by 2035 California is introducing a new EV incentive program to give up to $14,000 to low-income shoppers. First spotted by...

Tue Jun 25, 2024 18:46
McLaren CEO asks UK to lead "power-dense battery cell manufacturing"

The CEO of McLaren wants the U.K. government to help create a battery supply chain The new supply chain would lead to power-dense battery cell manufacturing This would all lead to future McLaren electric supercars being produced in the U.K. McLaren Automotive CEO Michael Leiters is calling on the U.K. government to invest in the country's battery...

Tue Jun 25, 2024 18:46
Tesla recalls Cybertruck for busted wiper motor, loose trim

Tesla recalls 11,688 Cybertrucks for a faulty windshield wiper motor Tesla recalls 11,383 Cybertrucks for a loose trim piece in the bed The recalls affect nearly every Cybertruck manufactured through June 6 Tesla issued two separate recalls covering nearly unit of the 2024 Cybertruck, the NHTSA disclosed Tuesday. A piece of trim on the trunk bed...

Tue Jun 25, 2024 17:54
2025 Kia Carnival Hybrid minivan costs at least $41,895

Gas-electric Kia Carnival debuts for 2025 Powertrain delivers a net 242 hp Three levels of brake regeneration are controlled by shift paddles Kia on Monday announced prices for the new hybrid version of its Carnival minivan. The 2025 Kia Carnival Hybrid starts at $41,895 (including the mandatory $1,395 destination charge) for the base LXS grade...

Mon Jun 24, 2024 22:33

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