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U.S. Automakers General Motors & Ford Instruct Employees to Work From Home Beginning Next Week Due to the Coronavirus

U.S. Automakers General Motors & Ford Instruct Employees to Work From Home Beginning Next Week Due to the Coronavirus

On Friday, U.S. automakers General Motors and Ford Motor Co said they will have most of their white-collar workforce working remotely as of Monday to protect against the spread of the Coronavirus, which is disrupting the U.S. economy.

FutureCar Staff 2020-03-13 15:00 PT

Electric Vehicle Startup Rivian Secures $1.3 Billion in New Funding from T. Rowe Price & Others

Electric Vehicle Startup Rivian Secures $1.3 Billion in New Funding from T. Rowe Price & Others

Today, electric vehicle startup Rivian announced a $1.3 billion funding round led by new investor T Rowe Price. The investment round also included BlackRock Inc. and participation from Rivian’s existing investors. The latest funding is Rivian’s fourth major investment this year.

FutureCar Staff 2019-12-23 13:25 PT

Motiv Power Systems Raises $60 Million, Company is Converting Ford Trucks to Zero Emission EVs

Motiv Power Systems Raises $60 Million, Company is Converting Ford Trucks to Zero Emission EVs

The San Francisco Bay Area company Motiv Power Systems announced today it has secured $60 Million in new equity funding. The company is a provider of an all-electric medium-duty chassis for buses and trucks, which is used to convert the vehicles to run on battery power.

Eric Walz2019-10-15 16:30 PT

Electric Truckmaker Rivian Receives $350 Million Investment From Cox Automotive

Electric Truckmaker Rivian Receives $350 Million Investment From Cox Automotive

Electric truckmaker Rivian​ continues to secure major investments this year. The company announced on Tuesday that automotive services company Cox Automotive will make an equity investment of $350 million.

Eric Walz2019-09-10 12:30 PT

Trump Criticizes Automakers for Not Backing Fuel Economy Rollback

Trump Criticizes Automakers for Not Backing Fuel Economy Rollback

After some of the world’s biggest automaker reached a voluntary agreement with California on fuel efficiency rules, the White House is urging other automakers not to back the agreement.

FutureCar Staff 2019-08-21 11:05 PT

Continental AG to Showcase a Low-Voltage 48V Full-Hybrid Solution

Continental AG to Showcase a Low-Voltage 48V Full-Hybrid Solution

Leading German automotive component supplier Continental AG announced that it will use Ford’s Focus hatchback to showcase its all-new 48V full-hybrid technology.

Manish Kharinta2019-07-16 10:00 PT

Volkswagen & Ford Still at Odds Over Autonomous Driving Partnership

Volkswagen & Ford Still at Odds Over Autonomous Driving Partnership

German automaker Volkswagen AG and the Ford Motor Co are still hashing out details of an alliance first announced in June 2018 to work together on self driving cars and other related technology. The two automakers are at odds over how much the VW will invest in Ford’s autonomous driving unit as part of the deal.

FutureCar Staff 2019-02-13 19:00 PT

Ford to Partner With Lyft to Deploy Self-Driving Cars

Ford to Partner With Lyft to Deploy Self-Driving Cars

Ford Motor Co said on Wednesday it will collaborate with Lyft to deploy Ford's self-driving vehicles on the ride hailing company’s network in large numbers by 2021.

Eric Walz2017-09-27 12:45 PT