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Rivian’s first product, the 2022 R1T full-size pickup, is now in production and initial impressions, including from us, are positive. That should bode well for the company’s efforts to raise additional funds by launching an initial public offering, a filing for which was made with the Securities and Exchange Commission last week. The filing discloses
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Reminiscent of the DaimlerChrysler days, Mercedes-Benz and Stellantis joined forces last week, this time in the area of battery development and production for electric vehicles. Mercedes is the latest shareholder in the battery technology company Automotive Cells Company (ACC), which was formed in 2020 by the former PSA Group (now part of Stellantis) and French
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This year marks the 30th anniversary of the unveiling of the Bugatti EB110. While this effort to revive Bugatti for the modern age failed, it laid the foundation for the brand’s revival under Volkswagen Group stewardship. The EB110 was the brainchild of Italian businessman Romano Artioli, who as a 20-year-old vowed to revive Bugatti when
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The German firm Mechatronik may specialize in restoring and selling classic Mercedes-Benz cars, but the shop currently has a very special Porsche 959 listed for sale. It’s no normal 959; it’s a prototype of Porsche’s first supercar. First spotted by Motor1, this car is the seventh of 12 F-Series prototypes, which were built just before
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The U.S. Department of State has awarded General Motors’ defense arm a $36.4 million development contract that includes the purchase of 10 modified Chevrolet Suburban SUVs, to be built over the next two years, GM announced Wednesday in a press release. Destined for use with the State Department’s Diplomatic Security Service, the Suburbans will share
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Porsche and Siemens Energy have broken ground on a synthetic fuel pilot plant called Haru Oni, the automaker announced Tuesday in a press release. Located in Punta Arenas, Chile, the plant will produce fuel that is nearly carbon neutral and can be used with existing internal-combustion engines, Porsche claims. Fuel will be produced using electrolysis
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