Mar 31, 2022 | Detroit, Electric Vehicles, Featured
General Motors is lining up the pieces to counter and attack its rivals in the electric-vehicle market. The Detroit giant recently started production of the long-awaited Lyriq SUV/crossover, the car meant to compete with Tesla’s Model Y SUV and Ford Mustang...
Mar 3, 2022 | Business, Detroit, Mobility
Tier Mobility, the Berlin-based micromobility operator that has been steadily taking over Europe, is making a sweeping entry into North America by acquiring Spin from automaker Ford. Tier will acquire all of Spin’s 50,000 e-scooters and e-bikes, bringing the...
Mar 3, 2022 | Detroit, Electric Vehicles, Featured
Ford is creating two new business units, one for electric vehicles and software and another for its traditional internal combustion vehicles. These companies will report their financial results separately from the rest of Ford but they will not be spun off as entirely...
Mar 3, 2022 | Detroit, Electric Vehicles
The reorganization was obvious and expected. Both divisions will be headed by the Ford parent company. “Nothing interesting so far. But wait. Things are about to take an interesting turn,” writes TheStreet’s Luc Olinga. The electric vehicle division...
Feb 24, 2022 | Autonomous Vehicles, Detroit
The future of vehicles is autonomous and it’s not only Tesla that is working on self-driving systems. Last Friday, General Motors and its self-driving technology division Cruise petitioned U.S. regulators for the right to engineer a self-driving vehicle without...
Feb 24, 2022 | Business, Detroit, Electric Vehicles, Featured
Ford Motor has no plans at this time to spin off its electric vehicle or gasoline-powered vehicle businesses, CEO Jim Farley said Wednesday. His comments come less than a week after Bloomberg News reported Farley wanted to separate Ford’s electric...
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