2015-2016 Kia Soul EV recalled for rollaway risk

2015 Kia Soul EVThe first fully electric vehicle sold by Kia is being recalled, and it has nothing to do with the battery or propulsion system. On 2015 and 2016 Kia Soul EV models, the parking mechanism can become damaged by moving the gear lever into Park before the vehicle has come to a complete stop. That could lead to a situation in which, as Kia describes in...

As Tesla stock soars, Fisker intends to go public

Fisker OceanAs Tesla stock soars, electric-car startup Fisker Inc. announced Monday that it plans to become a publicly-listed company. In order to go public, Fisker will merge with Spartan Energy Acquisition Corp., a special purpose acquisition firm backed by private equity firm Apollo Global Management. The deal values the combined companies at $2.9 million...

Volkswagen ID.3 electric car gets range-extending rubber

Volkswagen ID 3The Volkswagen ID.3 electric car sports special tires to help extend its range. The Turanza Eco tires were specially engineered for the hatchback, and feature lower rolling resistance and lower weight than previous rubber, according to manufacturer Bridgestone. Their rolling resistance is 30% lower than standard premium summer tires, a Bridgestone...

Ramping up to electric trucks, Rivian has raised $5.3B since early 2019

Rivian R1TEV firm Rivian hasn't delivered a single vehicle yet, but the company has raised roughly $5.3 billion since early 2019. Rivian said Friday that it had just closed a $2.5 billion funding round, its first of 2020. The financing was led by funds and accounts advised by T. Rowe Price Associates, Inc., a Rivian press release said. The latest funding...