The future of car ownership: Cars-as-a-service

Car shoppers now have several new options to avoid long-term debt and commitments. Automakers and startups alike are increasingly offering services that give buyers new opportunities and greater flexibility around owning and using vehicles. Cars-as-a-Service In the first part of this feature, we explored the different startups attempting to change car buying. But not everyone […]

Apple Sans Ive

Well, this has been interesting. After almost 30 years with Apple, Jony Ive is leaving to found his own firm, LoveFrom, with his friend and frequent collaborator Marc Newson — also leaving Apple. The response to this news has been predictably histrionic from Apple watchers and press. The narratives, to summarize, are essentially that: Jony […]

EV startup Rimac scores $90M investment from Hyundai and Kia

Rimac Automobili, the European EV startup that landed an investment from Porsche last year, has again gained the backing of traditional automakers after Hyundai Motor Company and Kia Motors jointly invested €80 million, or around $90 million. Beyond the significant cash infusion, the three parties said the deal includes “a strategic partnership to collaborate on […]

Porsche’s electrification to lead to most powerful 911 to date, says CEO

The storied 911 will not be immune from Porsche’s electrification plans and that could be a good thing. The car company’s CEO recently told Autocar that the hybrid 911 “will be the most powerful 911 we’ve ever had; 700 bhp might be possible.” Count me in (as long as someone buys it for me). Porsche […]

Porsche’s Mission E Cross Turismo is the EV crossover you want

Porsche unveiled a new concept version of its forthcoming Mission E all-electric car today at the Geneva Motor Show. The Mission E Cross Turismo is a crossover utility vehicle with all-wheel drive, four doors and a larger cargo capacity for making sure you have plenty of room to stow your skis before you hit the […]

Porsche’s EV lead takes shots at Tesla while hyping the Mission E

Porsche is readying its Mission E for launch, with a 2019 target sales date. The all-electric Tesla Model S competitor has a lot of car fans excited, and has been drawing covetous looks since the concept’s unveiling back in 2015. Now that launch is drawing closer, however, we have some new info about the car, […]

Passport, the technology business for city transit systems, raises $43 million

 Passport, company that’s managing much of the technical aspects of how people pay to use public transportation resources in cities like London, Miami and Los Angeles, has just raised $43 million. The money, from Bain Capital Ventures, will go to help the company expand its payment and transaction services nationally and internationally. Read More (adsbygoogle […]

BMW, Daimler, Ford and Volkswagen team up on high-power charging network

 BMW Group, Daimler, Ford Motor Company, and the Volkswagen Group (with subsidiaries Audi and Porsche) will join up to create a high-power charging network for electric vehicles called “Ionity,” which will build and operate around 400 charging stations across Europe by 2020. The collaborative venture formed by the automakers is intended to make it easier […]