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Auto News
$ 100 billion wave of electric vehicle IPOs to hit market by 2023, bank predicts
Investors' favorites
Electric vehicle makers have become investor darlings over the past year, and their actions have staged impressive rallies amid bets on the growing demand for cleaner cars.
Industry leader Tesla has nearly doubled in…
CEO Herberg Diess’ future with Volkswagen would be on a razor’s edge
BERLIN - The Volkswagen Group board did not make a decision on the future of CEO Herbert Diess at a meeting on Tuesday, two sources familiar with the matter said on Wednesday, one calling the talks "on the edge of the razor ".
Diess and…
VW to discuss CEO Diess’ future on Tuesday, report says
BERLIN - Volkswagen Group senior management will meet on Tuesday to discuss the future of CEO Herbert Diess, who is expected to remain at the helm of the automaker despite tensions over his management style, sources said on Monday.
The…
SAE’s advertising campaign targets new technologies for a younger audience
After more than a century of humility, SAE International is starting to boast a bit by launching a “Meet SAE” advertising campaign.SAE hopes the campaign will help increase membership and participation in events and technical committees.…
Porsche advances in electric mobility with agreement on electric bikes
Porsche acquires a majority stake in Greyp, a Croatian manufacturer of electric bikes linked to its subsidiary Rimac Automobili, to extend mobility offerings beyond sports cars like the 911 or the battery-powered Taycan.
Porsche's venture…
Why Hyundai’s North American CEO Says ‘Everything is on the Table’ for US…
LOS ANGELES - Hyundai Motor North America's U.S. investments in electric vehicle manufacturing will be greatly influenced by the structure of federal incentives for electric vehicles, CEO Jose Muñoz said in an interview.
The company…
Lucid says he is on track to build 20,000 electric vehicles next year; strengthens the balance…
As of Monday's close, the company had a market cap of around $ 73 billion, although it generates meager revenue. In 2018, the Saudi Arabia Public Investment Fund invested more than $ 1 billion in the startup, breathing new life into a…
The Montreal International Auto Show is underway for 2022, organizers say
The Montreal International Auto Show will be back in 2022 after the The 2021 edition has been canceled because of COVID-19, organizers announced Thursday.
They also reported that, based on a survey of previous participants, consumer…
CarGurus Profits: Third Quarter Revenue Increase; decrease in net income
Vehicle ad company CarGurus Inc. reported higher revenue in the third quarter, reflecting increased transactional capabilities and digital tools for dealerships, while net profit declined.The Cambridge, Massachusetts-based company said on…
Greek islands go electric, with help from Citroën and VW
Greece wants to make all of its inhabited islands environmentally friendly as the country strives to meet a target of reducing harmful emissions by at least 55% by 2030.
A national campaign dubbed "GR-eco Islands" will start in Chalki, a…