Lucid Motors is providing front drive unit for Formula E

Lucid Motors has introduced that it really is producing a new motorsports push device (MDU) for what it phone calls “the world’s major one-seater electric racing sequence.” For causes unidentified…

GM to buy SoftBank’s stake in Cruise self-driving unit for $2.1 billion

A robot auto of the Standard Motors subsidiary Cruise is on a take a look at drive. Andrej Sokolow | image alliance | Getty Photos DETROIT – Basic Motors is…

Rivian names former Magna unit executive as operating chief

Rivian has named Frank Klein, a former govt at Canadian car areas maker Magna International’s unit, as its chief running officer, at a time when the electric powered carmaker has…

FedEx gets first of 500 electric trucks from GM’s EV unit in move to green logistics

FedEx on Friday gained the very first of 500 electric shipping and delivery trucks from BrightDrop, the recently fashioned EV device of General Motors. It can be a moment both…

JPMorgan to buy majority stake in Volkswagen payments unit

The JP Morgan Chase & Co. headquarters, The JP Morgan Chase Tower in Park Avenue, Midtown, Manhattan, New York. Tim Clayton – Corbis | Corbis Sport | Getty Photographs JPMorgan…