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Nikola, a developer of hydrogen fuel-cell and battery-electric trucks that was once among the most hyped automotive startups, is now considering filing for bankruptcy, the Wall Street Journal reported Thursday, citing anonymous sources familiar with the matter. In 2020, when it went public via a then-fashionable reverse merger with a special purpose acquisition company (SPAC), Nikola was worth around $30 billion, according to the report. But MSN reported recently that Nikola’s stock price has tanked, bringing the company’s value down to $74 million. In its most recent SEC filing, in December, Nikola indicated that it was running low on cash…
Norwegian battery firm Freyr has canceled plans for a Georgia factory that would have supplied batteries for energy storage. First reported by the Newman Times-Herald of Newman, Georgia, Freyr confirmed plans to cancel the factory in a letter to the local Coweta County Development Authority dated Jan. 21, and in a Thursday meeting with the authority. Freyr also told the Georgia Department of Community Affairs that it would repay grants and incentives tied to the factory project. Rendering of proposed Freyr Announced in November 2022 and branded “Giga America,” the factory would have sat on a 368-acre site in Coweta…
Gasoline extended-range electric large SUVs and trucks are coming, says Ford CEO Ford developing body-on-frame platforms with support for multi-energy powertrains Reports point to the technology not being ready before 2027 Ford CEO Jim Farley has revealed that the automaker is developing gasoline extended-range powertrains for its large electric SUVs and pickup trucks, following the strategy of other brands like Ram and Volkswagen Group’s newly established Scout Motors. While outlining Ford’s financial results for the past year during an earnings call held on Feb. 5, Farley said hybrid trucks represent a key growth area and that Ford will be ready…
Revero PHEV production continues now, limited-edition Invictus arrives in 2025 Gyesera in 2026 debuts new look, composite body Kaveya supercar in late 2026 goes fully electric, embraces Intel architecture Karma’s push to power fleets and commercial vehicles has faded It’s been more than ten years since California-based Karma Automotive initially formed with funding from the Chinese parts supplier Wanxiang Group and the assets of then-defunct Fisker Automotive. Since then, Karma has teased a number of concept and limited-edition vehicles, along with several about-faces in business direction, all while both refining its plug-in series hybrid tech and working toward a mix…
Jaguar is working on three ultra-luxury EVs to replace its current lineup The first will be a four-door grand tourer, debuting in late 2025 and ushering in the new JEA platform The grand tourer was previewed in 2024 with the Type 00 concept Jaguar is redefining its identity, evolving into an ultra-luxury car brand to rival the likes of Bentley and Rolls-Royce. It will do so with the launch of three electric vehicles, crafted for a discerning clientele far beyond its traditional customer base—or at least, that’s the plan. The first of the EVs is set to debut in late…
A Cadillac Optiq-V looks to be coming soon to join the Lyriq-V Upgrades will likely include more power, bigger brakes, and a V-specific sound No change is expected for the Optiq’s standard 85-kwh battery Cadillac has just launched its first V-Series performance electric vehicle in the form of the 2026 Lyriq-V midsize SUV, which is priced to start at $79,990, and it looks like the next in the series will be a compact Optiq-V. Camouflaged Optiq prototypes have been spotted sporting a few details that point to them being an Optiq-V performance variant. Differences from the regular Optiq compact crossover,…
2025 Forester Hybrid doesn’t have a charge port Subaru suggests 35 mpg or better combined Subaru hopes to sell nearly a third of Foresters in hybrid form 2026 Subaru Forester Hybrid models will be made in Indiana The 2025 Subaru Forester Hybrid isn’t the brand’s first hybrid, but it’s Subaru’s first hybrid truly set for the mass market. Due to arrive at U.S. dealerships this spring, the Forester Hybrid won’t be limited to low volume, kept to particular states, or limited to one or two trims. It’s being offered in a range of versions, starting at $36,415, including the $1,420…
A piece of Corvette royalty will soon be offered to the public The car is considered the first purpose-built General Motors race car It is being offloaded by the Indianapolis Motor Speedway Museum, and is estimated to sell for between $5 million and $7 million One of the most significant Corvettes in history will be auctioned off this February. Part of an RM Sotheby’s sale running Feb. 27-28 in Coral Gables, Florida, the 1957 Chevrolet Corvette SS Project XP-64 is billed as the first purpose-built General Motors race car. And it was a milestone in the development of the Corvette…
The Cupra Raval will be the first of VW Group’s new subcompact EVs The subcompact EVs will use VW Group’s MEB Small platform Cupra plans to launch in the U.S. later this decade Several Volkswagen Group brands are working on a new generation of subcompact electric vehicles, and a prototype for one of them has been spotted. The prototype is for the Raval hatchback from Cupra, VW Group’s Spanish performance brand, which plans to enter the U.S. later this decade. Cupra started out life as a performance sub-brand of VW Group’s Spanish brand SEAT, but in 2018 was repositioned as…
VerdictThe use of the Mustang name upset some Ford enthusiasts, but those who embraced the EV age felt different about Ford’s first dedicated electric car, and it’s easy to see why. We were impressed by the Mustang Mach-E when it arrived and our enthusiasm remains undiminished. Scour owners’ forums and you’ll see plenty of positive feedback, but some have experienced lots of glitches, either because of software bugs or poor build quality. That’s why you need to scrutinise any potential purchase very carefully. But take on a good Mustang Mach-E and you’ll absolutely love it. Advertisement – Article continues belowFord…