According to court filings on Monday, JPMorgan Chase filed a lawsuit against Tesla for $162.2 million, accusing Musk’s electric vehicle company of “flagrantly” breaching a contract related to stock warrants after its share price rocketed. JPMorgan claims that Tesla breached the terms of a contract that was signed between the companies about repricing the warrants. […]
Ford has teamed up with Purdue University to create a prototype of a cable that could fully charge an electric vehicle’s battery in just five minutes. While there is still work to be done, the cable could nonetheless help overcome the final major obstacles preventing the adoption of EVs from becoming mainstream. Currently, slow charging […]
The new sports utility vehicle is likely to be a successor to the manufacturer's current SUV, the G3 and the G3i. It's scheduled to be launched at the Guangzhou auto show on November 19. Following the news, Xpeng shares were up 10% in afternoon trade in Hong Kong. Xpeng currently sells two sedans, the P5 […]
Shares in Tesla jumped 12.6% last week as Hertz announced it had ordered 100,000 vehicles to be delivered by the end of 2022. However, Musk has since tweeted, "I'd like to emphasize that no contract has been signed yet,” causing Tesla’s rally to stall. Tesla’s CEO also went on to say that "Tesla has far […]
While ZeroAvia has built H2 aircraft before, this latest project is easily its biggest to date. The hydrogen-fueled airliner will have capacity for 76 passengers, making it almost double the size of similar projects from Universal Hydrogen and H2Fly, each of which boast 40 seats. The airliner will be based on a De Havilland Q400 […]
We introduce you to Wascosa – a Swiss company focussed on the hiring out and management of freight cars for rail traffic and a pioneer in the industry. Peter Balzer is the Chief Executive Officer of Wascosa and works closely with Philipp Müller, Chairman of the Board of Directors. Peter has been in charge of Wascosa's fortunes since 2014 and since then has helped the company to become the fourth largest wagon leasing company in Europe. He tells us all about it over the next few pages.
Annie Button, professional content writer and branding aficionado, takes a look at what businesses can do to mitigate the current HGV shortage. The UK is suffering from a shortage of over 100,000 HGV drivers, as a result of the combination of enough unqualified individuals to fill the roles, the fallout from Brexit and the pandemic […]
The tech company has unveiled three sleek battery-powered prototypes: a luxury sedan, a crossover SUV, and an electric bus. However, according to the press release, it appears that Foxconn does not plan to sell EVs itself. The vehicles will instead be released under the “Foxtron” brand in collaboration with other car manufacturers, such as Taiwan’s Yulon […]
The business jet is intended to sit at the upper end of the light-jet segment while still having sufficient range and size to enable it to compete in the mid-size market. Honda says the aircraft would be able to fly across the entirety of the US at heights never before reached by a light jet. […]
On Thursday, Tesla Chief Executive Elon Musk said he plans to move the electric carmaker’s headquarters from Silicon Valley’s Palo Alto, California, to Austin, Texas, where the company is building a massive car and battery manufacturing complex. Tesla joins Oracle, HP, and Toyota in moving its headquarters from California to Texas. While Silicon Valley is […]
Gulfstream Aerospace has described the G800 as the longest-range aircraft in the Gulfstream fleet while the G400 has been described as the first new entrant to the large-cabin class in over a decade. The G800 will eventually come to replace the G650ER, with an 8,000-nautical-mile range at Mach 0.85 and a 7,000-nautical-mile range at Mach […]
Three of Ark Invest’s funds, including its flagship Ark Innovation ETF, sold 142,708 shares of Tesla on Wednesday, according to the firm’s daily transaction reports. The shares represent a stake worth approximately $108 million. These latest transactions come just days after Wood praised the electric vehicle company’s success. In an interview with Yahoo Finance, Wood […]
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