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Electric Car

Volkswagen R division’s future is electric, executive says Electric Car

Volkswagen R division’s future is electric, executive says

Electrification is in R's future. Antuan Goodwin/Roadshow The future of Volkswagen's performance-oriented R division is electric. Well, at least electrified, according to VW Group board member Jurgen Stackmann.The executive told Top Gear in an interview published last Friday the go-fast brand's future is "vibrant," though it's "going electric." He questioned,…
bubmag
May 18, 2020
Cruise is laying off 8% of staff as the coronavirus pandemic hits self-driving startups (GM) Electric Car

Cruise is laying off 8% of staff as the coronavirus pandemic hits self-driving startups (GM)

Cruise is laying off staffers — about 8% of its workforce.The self-driving startup is based in San Francisco; it was acquired by General Motors in 2016 and has achieved a nearly $20 billion valuation with subsequent funding rounds.Visit Business Insider's homepage for more stories. General Motors self-driving car unit Cruise…
bubmag
May 14, 2020
Tesla has a secret plan to make its batteries cheaper, longer-lasting, and reusable (TSLA) Electric Car

Tesla has a secret plan to make its batteries cheaper, longer-lasting, and reusable (TSLA)

Tesla is working on a battery that is not only cheaper but longer-lasting and can be re-used to power homes.The company plans to hold a battery day in May, CEO Elon Musk said recently. Batteries represent an overwhelming fraction of electric vehicles' expense and reducing their cost could be a huge…
bubmag
May 14, 2020