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.
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.
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.
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.
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.