Cadillac's Celestiq EV: Unveiling the bespoke luxury set to rival giants like Rolls-Royce and Bentley! The customizable electric fastback sedan starts at an astounding $340,000 but could soar up to $400,000 with options.
Highlighted by 115 3D-printed parts for personal expression and a 111kWh Ultium battery, production will start in December 2023.
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SEC vs. Ulrich Kranz: The drama unfolds as former Canoo CEO and current Apple car executive, Ulrich Kranz, faces a lawsuit from the SEC.
Joined by Canoo's ex-CFO, Paul Balciunas, Kranz is under fire for alleged "unreasonable revenue projections." The stakes are high, as the SEC seeks to prohibit them from pivotal future roles in public companies.
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Fisker's Electric Dream: Get ready for the future as Fisker unveils an ambitious lineup of four electric vehicles at its "Product Vision Day" event! Featuring the sub-$30,000 Pear SUV, Alaska pickup truck, Ronin sports car, and an off-road package for the existing Ocean SUV.
With innovations like the "Houdini Trunk" and a multi-tiered strategy, the most affordable model, the Pear SUV, is set to take the market by storm in mid-2025.
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Toyota's Robo-Taxi Revolution: In an exciting alliance with Pony.ai and GAC-Toyota, Toyota is set to mass-produce robotaxis in China.
This game-changing initiative will launch this year with a massive investment of over 1 billion yuan ($140 million) and harness Pony.ai's cutting-edge autonomous driving technology. It's a monumental leap for Toyota in China's frenzied self-driving car market.
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Nikola's Rollercoaster Ride: The stock takes a dive in a turbulent Q2 report, further shaken by CEO Michael Lohscheller's sudden departure and rumors of a stock sale.
But wait, there's a silver lining! The company has secured shareholder approval to issue new stock, enabling essential fundraising for Nikola's hydrogen refueling network across the U.S. and Canada.