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The mysterious electric automaker Faraday Future plans to start construction on a $1 billion factory in Nevada early next year if state legislators approve incentives and tax breaks worth $215 million.Nevada officials scheduled a conference in Las Vegas on Thursday that includes a formal announcement of an agreement to bring the plant to North Las Vegas. Tax incentives to seal the deal would need authorization from Nevada lawmakers, who approved a $1.3 billion incentive package in a special session last year to secure electric carmaker Tesla Motors’ massive battery factory outside of Ren...
Nokia completed the sale of its navigation business HERE with German car makers BMW, Audi and Mercedes.The German vehicle companies have bought the navigation specialist as part of their push towards fully autonomous driving; Nokia's spin-off is a key element which gives them access for building the technologies and digital frameworks that will enable connected and autonomous cars to become a real-world reality.The ownership of Here will be shared equally between BMW, Audi and Mercedes.Nokia said its net proceeds from the deal would be around US $3 billion, in line with its original estima...
Volkswagen Group management reduces the range of possible car model versions and their sets to make up the losses from the emission scandal. This way the German manufacturer hopes to save 1.9 billion euros.The top manager of Volkswagen, Bernd Osterloh, said that this decision, reduce labor costs and complexity, was taken for a long time. Osterloh said reducing the variety of car models and options could enable Volkswagen to "take out costs there on a large scale" without forcing the company to cut jobs, Bloomberg reported. VW has one major U.S. factory, located in Chattanooga, Tenn.V...
The Electric Vehicle Charging Association has released “The State of the Charge,” a report documenting the charging industry’s rapid growth in California and the economic opportunity it presents.According to the report, there are now more than 9,000 workplace charging outlets in California and in its residences – more than 20,000. The number of public charging outlets in California has grown by 652% since 2011. With 150,000 EVs on its highways, the report adds, California has 40% of the U.S. electric car market, and the industry is expected to generate roughly $4.5 bill...
We know that electric cars are involved in production, and we know that they’re probably years away from starting the sales. For the past decade, Tesla has creaded the cars of the future: sleekly designed, technically advanced machines that brought with them a vision of how amazing and practical electric cars could be. But now trading as a public company, Tesla is no longer the energetic new kid on the block — and it could be ripe for disruption, if Faraday gets its way. Faraday Future first came into the news last summer when news leaked of its existence and its intention to produ...
