Polestar Bringing Precept Concept to Switzerland for Debut

Polestar Bringing Precept Concept to Switzerland for Debut

Volvo’s Polestar electric performance unit has been using the Geneva Motor Show as its launching pad for new vehicles, and this year apparently won’t be any different as it will debut its new Precept concept just ahead of the event. The brand plans to show off its new...
Daimler AG Makes Cuts, Changes Among Top Executives

Daimler AG Makes Cuts, Changes Among Top Executives

Daimler AG CEO Ola Källenius didn’t wait long to implement his newest plan to use further headcount reductions to help bring the German company’s profitability back up to expected levels — and he’s starting at the top. Källenius, who also instituted staff cuts when he...
Jaguar Land Rover Forges Ahead with Project Vector

Jaguar Land Rover Forges Ahead with Project Vector

Jaguar Land Rover has been moving into the electric vehicle arena with personal vehicles for a while, now it’s charging ahead for the long term with a new concept vehicle named Project Vector. The shuttle-like vehicle is part of the company’s Destination Zero...
Maserati Conveys Its Electrification Plans

Maserati Conveys Its Electrification Plans

Maserati is planning to use hybrid and battery-electric propulsion systems on future models even as its operations remain firmly planted in Italy. The brand’s electrification initiatives begin this year and the first hybrid car to be built will be the new Maserati...
Tesla Looking to Raise $2B Through New Stock Sale

Tesla Looking to Raise $2B Through New Stock Sale

Tesla officials have maintained for some time that they have no plans to raise any new funds, including through a new stock sale. So naturally, the company is now issuing $2 billion in new shares. The EV maker’s stock price has increased dramatically – by triple – in...
Hyundai Partnering with Specialty EV Maker Canoo

Hyundai Partnering with Specialty EV Maker Canoo

Hyundai Motor’s efforts to accelerate and expand its electric vehicle development progressed Tuesday through its new partnership with California-based specialty EV maker Canoo. The plan calls for Hyundai – and sister maker Kia – to use Canoo’s newly developed...