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SoftBank-Backed Online Car Dealer Auto1 to Go Public in First Quarter, Plans to Raise $1.2 Billion
German online car trading platform Auto1 on Wednesday announced it is planning to list on the Frankfurt Stock Exchange in the first quarter of 2021.
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Car Auction Company KAR Goes 100% Digital Years Ahead of Schedule Amid Pandemic
KAR Auction Services planned to go 100% digital in the next three years, but ended up making it happen virtually overnight, CEO Jim Hallett said.
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Hyundai Motor Says It's in Early Talks With Apple to Develop a Car, Sends Shares Soaring 19%
A local report from the Korea Economic Daily that said Apple suggested the tie-up and Hyundai Motor was reviewing the terms.
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Sony Begins Testing Its Electric Car Concept on Public Roads
In an announcement made at CES 2021, the firm said testing began in Austria last month.
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Apple iPhone Maker Foxconn Teams Up With Chinese Automaker Geely to Make Cars for Other Companies
Foxconn and Chinese carmaker Geely have created a joint venture aimed at selling manufacturing and services to the global auto industry.
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Warren Buffett-Backed BYD's New Luxury Sedan Jumped Into the Top 10 Electric Cars Sold in China Last Year
Here’s how Nio, Tesla, Li Auto and others stacked up last year, according to China’s Passenger Car Association.
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Carmaker Nio Is ‘Well Positioned' to Capture a Lot of China's Electric Vehicle Market, Analyst Says
Chinese electric car start-up Nio released its first sedan, the et7 with self-driving technology features that it claims surpass that of Tesla.
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GM Shares Hit Record High as Automaker Reveals Electric Van and Delves Into Flying Cars
The potential foray into personal air mobility was announced as part of Cadillac’s portfolio of luxury and EV vehicles.
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General Motors Unveils EV Van as Part of New Commercial Business Unit
The EV600 van will be the first vehicle under a new commercial business unit within GM called BrightDrop.
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Electric ‘Flying Car' Start-Up Archer Teams Up With Fiat Chrysler
The partnership is expected to assist the start-up in lowering its purchasing costs and accelerating the launch of an electric “flying car.”
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Need an Escape? Watch This $2 Million McLaren Supercar Drag Race an F-35 Fighter Jet
What happens when one of the world’s fastest supercars takes on an $80 million fighter jet in a drag race? The ‘Top Gear’ YouTube channel decided to find out.
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Chinese Electric Car Start-Up Xpeng Gets $2 Billion in Credit From State-Owned Banks
Alibaba-backed Xpeng announced Tuesday it secured a credit line of 12.8 billion yuan from institutions including three of the “big five” state-owned banks.
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Ford to End Manufacturing in Brazil, Sees $4.1 Billion in Charges From South American Restructuring
Ford has operated in Brazil for more than a century; however, the region and operations have been unstable in recent years.
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Pickup Trucks Dominate America's 10 Best-Selling Vehicles of 2020
Pickups accounted for five of the industry’s 10 best-selling vehicles in 2020. They accounted for 13% of the roughly 14.5 million vehicles sold last year.
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Chinese Search Giant Baidu to Create an Electric Vehicle Company
Chinese internet giant Baidu has formed a strategic partnership with automaker Geely to create a standalone electric vehicle company.
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GM's Cruise Founder Expects Consolidation for Makers of Lidar Self-Driving Vehicle Sensors
In a series of tweets, Cruise President Kyle Vogt said recent valuations of lidar firms that have cut deals to go public with SPACs are overvalued.
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Here's What Nio's First Sedan to Rival Tesla in China Looks Like
Chinese electric car start-up Nio released its first sedan with autonomous driving technology features that the company claims surpass that of Tesla.
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Ford Is Skipping Super Bowl Ads This Year, But Still Wanted to Make a Commercial Worthy of the Big Game
Ford is introducing its new Bronco Sport vehicle with an ad campaign to show off its goats — and not just the furry kind.
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Global Semiconductor Shortage Causes Ford and Nissan to Cut Vehicle Production
The production disruptions highlight a growing concern for the global automotive industry in 2021.
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General Motors Redesigns Corporate Logo as It Focuses on Electric Vehicles
It is only the fifth time the Detroit automaker has conducted a major redesign of its logo since being founded in 1908, according to GM CMO Deborah Wahl.