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...

Review update: 2020 Porsche Cayenne Coupe Turbo S E-Hybrid trolls coal

2020 Porsche Cayenne Turbo S E-Hybrid Coupe drive review  -  July 2020You’ve got to be kidding. That was my reaction when I first heard that the fastest Porsche SUV ever was also a plug-in hybrid with what Porsche claimed to be meaningful all-electric range. To skeptics, this 670-horsepower machine with a 0-60 mph time of 3.6 seconds and a top speed of 183 mph might read as a grudge-match move—a...