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Tag: Investing

Why Volvo is investing in this California EV charging firm

October 24, 2018October 24, 2018 Self Drive CarsUncategorized

Volvo Cars, which has aggressive plans to electrify its lineup starting next year, has acquired a stake in vehicle charging company FreeWire Technologies. Volvo is buying into the San Francisco-based specialist in mobile fast-charging solutions via its recently launched tech…

California, charging, Firm, Investing, This, Volvo44 Comments

Porsche investing $7.5B in electrification over next 4 years

February 6, 2018 Self Drive CarsSelf Drive Cars

Porsche will aid VW Group’s electrification charge with an even larger investment than it had originally planned. Through 2022, Porsche has $ 7.5 billion earmarked for electrification, up from $ 3.7 billion. The investment will focus on plug-in hybrids, pure…

$7.5B, electrification, Investing, next, over, Porsche, Years28 Comments

GM cutting third shift in Tennessee; investing $294M for Cadillac crossover

September 25, 2017September 25, 2017 Self Drive CarsUncategorized

GM workers on the line last December in Spring Hill. Photo credit: Sanford Myers for General Motors General Motors will lay off the third shift at its plant in Spring Hill, Tenn., to address slowing industry sales and rising inventories.…

$294M, Cadillac, crossover, cutting, Investing, shift, Tennessee, third39 Comments

Ford investing $200M in new wind tunnel facility

February 15, 2017February 15, 2017 Self Drive CarsSelf Drive Cars

Ford has announced a $ 200 million investment in a new wind tunnel complex. Construction of the facility will begin later this year. The goal is to improve the aerodynamics of the brand’s road and race car,s for speed in…

$200M, facility, Ford, Investing, tunnel, wind42 Comments

General Motors investing $290 million in Corvette plant

June 26, 2016June 26, 2016 Self Drive CarsSelf Drive Cars

To Corvette enthusiasts, Bowling Green, Kentucky, is a special place. It is, after all, home to both the National Corvette Museum and the plant that builds the Corvette. And if the latest announcement is any indication, the Corvette plant will…

$290, Corvette, General, Investing, million, Motors, plant36 Comments
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