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Volkswagen Group Eyes Sustainable Canadian Batteries for North American Market
Volkswagen Group Eyes Sustainable Canadian Batteries for North American Market

23 Aug 2022, 19:59 UTC / In an effort to ensure it has sustainably-sourced batteries for its upcoming electric vehicles, the Volkswagen Group has signed a MoU with Canada

 
Lexus Is Building a New Place to Call Home in Japan, Comes Complete with 12 Test Tracks
Lexus Is Building a New Place to Call Home in Japan, Comes Complete with 12 Test Tracks

11 Jul 2022, 13:59 UTC / When completed in March 2024, Lexus’ new facility will extend over an impressive area equivalent to 140 baseball stadiums

 
Production of Stellantis' Pentastar V6 to Get Big Boost with $24.7 Million Investment
Production of Stellantis' Pentastar V6 to Get Big Boost with $24.7 Million Investment

4 Jul 2022, 21:25 UTC / Polestar V6 naturally-aspirated engine was a big success for Stellantis, with 10 million units produced by February 2019

 
BMW Group to Invest Over $1 Billion in Austrian Steyr Plant by 2030
BMW Group to Invest Over $1 Billion in Austrian Steyr Plant by 2030

20 Jun 2022, 15:15 UTC / The company will expand the plant's production area by 14.8 acres (60,000 square meters) and will increase annual capacity to over 600,000 e-drive units

 
Overair Receives $145M in Funding, Plans to Fly Its Butterfly eVTOL Next Year
Overair Receives $145M in Funding, Plans to Fly Its Butterfly eVTOL Next Year

15 Jun 2022, 10:14 UTC / Air mobility company Overair is getting closer to flying a prototype of its Butterfly next year, thanks to a recent funding of $145 million

 
Porsche Continues to Invest in Rimac, Croatian Company Set to Expand in 2022
Porsche Continues to Invest in Rimac, Croatian Company Set to Expand in 2022

1 Jun 2022, 10:39 UTC / Porsche has reconfirmed its commitment to Rimac by making a sizeable, eight-figure investment. The German marque holds about 20 percent of Rimac

 
Hyundai to Invest More Than $10 Billion in U.S. by 2025
Hyundai to Invest More Than $10 Billion in U.S. by 2025

24 May 2022, 15:04 UTC / One of the goals of HMG Group is to become one of top three EV providers in the U.S. by 2026, helping to grow U.S. innovation and manufacturing

 
Hyundai Motor Group Plans to Expand South Korea EV Business, Invest $16.54 Billion by 2030
Hyundai Motor Group Plans to Expand South Korea EV Business, Invest $16.54 Billion by 2030

19 May 2022, 09:34 UTC / The company plans a total EV output capacity of 3.23 million in 2030. Wants to build 1.44 million units of EV every year in South Korea

 
Volvo Invests in StoreDot's Ultra-Fast Charging Battery, May Speed Up Its Time to Market
Volvo Invests in StoreDot's Ultra-Fast Charging Battery, May Speed Up Its Time to Market

19 Apr 2022, 09:22 UTC / Volvo announced its intentions to invest in StoreDot, the company that promises the ultra-fast charging battery that offers 100 miles after 5 minutes of charge

 
Porsche Invests $75 Million in eFuel Company, Wants to Make More of the Stuff
Porsche Invests $75 Million in eFuel Company, Wants to Make More of the Stuff

7 Apr 2022, 11:15 UTC / Porsche doubled down on its eFuel idea, and invested $75 million in a holding company that operates several eFuel facilities. Here is what that means to you

 
Latitude Superyacht Is Owned by Singapore Investment King Anil Thadani, Can Be Chartered
Latitude Superyacht Is Owned by Singapore Investment King Anil Thadani, Can Be Chartered

23 Mar 2022, 04:00 UTC / This superyacht has achieved multiple Northwest Passage crossings and can be chartered for around $172K a week. It is powered by two Caterpillar engines

 
Australia Keeps Its Eyes on Antarctica, Invests Over $109M in Drones and Other Aircraft
Australia Keeps Its Eyes on Antarctica, Invests Over $109M in Drones and Other Aircraft

23 Feb 2022, 14:35 UTC / Australia announces an investment of more than $800 million dollars that is meant to advance the country's exploration of Antarctica over the next ten years

 
Porsche Becomes a Little More Like Tesla With Their Investment in 1KOMMA5°
Porsche Becomes a Little More Like Tesla With Their Investment in 1KOMMA5°

4 Dec 2021, 01:25 UTC / There's no secret that electric vehicles are becoming the next wave of transportation, and now Porsche is investing in more EV infrastructure

 
Volvo Invests $2M in Startup Company That Made a New Kind of Head-Up Display
Volvo Invests $2M in Startup Company That Made a New Kind of Head-Up Display

26 Nov 2021, 14:33 UTC / Volvo has invested $2M in an optics and imaging start-up company called Spectralics. The company is developing a see-through optical overaly for windshields

 
GM Pumping $46 Million Into Parma, Ohio Stamping Ops as Car Production Ramps Up
GM Pumping $46 Million Into Parma, Ohio Stamping Ops as Car Production Ramps Up

5 Nov 2021, 09:06 UTC / American carmaker GM announced a $46 million investment for upgrades in its Parma, Ohio plant, meant to upgrade the hardware for future products

 
Best U.S. Bargain Imports For 2022: Classic Land Rover Defender
Best U.S. Bargain Imports For 2022: Classic Land Rover Defender

2 Nov 2021, 09:19 UTC / Come along with us as we look at the best cars & trucks from 1997 that you can import in 2022. Let's start with the classic Land Rover Defender

 
Porsche Ventures Invests in Virtual Influencer and Digital Ecosystem Provider
Porsche Ventures Invests in Virtual Influencer and Digital Ecosystem Provider

18 Oct 2021, 12:00 UTC / Porsche's venture capital spinoff, Porsche Ventures, has announced its investment in iMaker, a provider of virtual influencers and digital ecosystems

 
Pagani's New Investors Could Open Door to New Powertrain Tech
Pagani's New Investors Could Open Door to New Powertrain Tech

23 Aug 2021, 13:36 UTC / Saudi Arabia's investment fund bought thirty percent of Pagani stock, but refrained to say how much did the pay and what are their plans with it.

 
TVR Griffith Still in the Works, Company Needs $32 Million to Get it Done
TVR Griffith Still in the Works, Company Needs $32 Million to Get it Done

16 Jul 2021, 07:28 UTC / TVR still needs about $30 Million to get the Griffith ready for production. Company officials say it could be a hybrid or an EV if market demands it

 
BMW i Ventures Has $300 Million More to Invest, Get Your Projects Ready
BMW i Ventures Has $300 Million More to Invest, Get Your Projects Ready

1 Jul 2021, 08:45 UTC / BMW's investment arm i Ventures announced the creation of a new $300 million venture capital fund dedicated to sustainability, transportation, and manufacturing