The journey across Michigan was the first road test of the Gemini battery, developed by Detroit-based startup Our Next Energy (ONE), and achieved almost double the typical range that a standard Tesla Model S is capable of meeting. According to ONE founder and CEO Mujeeb Ijaz, the results of the first road test “set a […]
Louis-Dreyfus had been attempting to sell a stake in agricultural commodity trading house Louis Dreyfus Co after she borrowed over $1 billion from Credit Suisse Group AG to buy out family members. The heiress had over $400 million of debt due by the end of 2020. However, since then, Louis-Dreyfus has sold 45% of Louis […]
The Richard Donner Collection comprises 10 vintage vehicles in total and is set to go under the gavel at Gooding & Company’s Geared Online Scottsdale Edition sale at the end of this month. Donner, who passed away last year at the age of 91, had a prolific five-decade-long career. Some of the filmmaker’s most notable […]
Lamborghini’s sales were up 13% year-on-year thanks to what the company describes as a “targeted and monitored growth strategy.” The Lamborghini Urus was by far the company’s best-selling vehicle in 2021, with the six-figure Super SUV accounting for close to 60% of all sales for the year. The Huracán took second place, with 2,586 V10 […]
Bonhams auction house in London has recently announced an upcoming sale of some of the personal possessions of Academy Award-winning actor Michael Caine, including an 18K Rolex Oysterquartz Day Date, ref. 19018. Caine has been spotted wearing the watch, on-and-off, since the mid-1980s. The timepiece even enjoyed an extended guest appearance in the 1988 comedy […]
The structure is currently under construction at SpaceX’s Starbase facility in Texas. It features chopstick-like arms that will guide the rocket’s booster back into position once the second stage has been delivered into orbit. The first orbital launch of a Starship rocket is scheduled to take place within the next 10 weeks. The Starship rocket […]
On Monday, Ferrari’s new chief executive Benedetto Vigna announced a new team to sharpen the company’s technology focus and product exclusivity as it pushes toward electrification amid increasing demand. In a statement, it was announced that functions including “Product Development and Research and Development”, “Digital and Data” and “Technologies and Infrastructures” will from now on […]
Breakthrough Energy Catalyst (BEC) will invest in four key areas: green hydrogen, direct air recovery, aviation fuels, and energy storage technology. Speaking to the Financial Times, managing director of BEC Jonah Goldman said that by leveraging innovative financial structures and partnership agreements, the fund will mobilise $15 billion. The fund is part of the Breakthrough […]
Elizabeth Holmes, once the founder and CEO of Theranos, media darling and silicon valley tycoon has suffered an almighty fall from grace. How did it happen?
Luxury automaker Aston Martin has reported an 82% surge in sales to dealers in 2021. The news comes despite the company predicting lower-than-expected annual adjusted core earnings on fewer-than-planned shipments of its Valkyrie sports car in the fourth quarter of the year. On Friday, Aston Martin said it expects annual adjusted core earnings to come […]
Whiteside has given notice of his intention to retire and is set to step down from the board at the close of the company’s Annual General Meeting (AGM) in May 2022. However, he will remain on hand to support the transition process until his notice expires in early January 2023. In the interim period, Currie […]
Samuelsson has been president and CEO of Volvo since October 2012 and previously served on the company board for two years. Prior to his time at Volvo, Samuelsson served as chairman and CEO of the now-defunct vehicle manufacturer MAN SE. “I’m pleased to welcome Jim to his new role to continue the great journey Volvo […]
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