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Foster played a key role in scaling Zoox’s autonomous and electric vehicle platform, leading its financial and strategic efforts through its acquisition by Amazon. “Jon is the ideal leader to take Range to the next level,” commented Ali Javidan, Range’s Founder and newly appointed President & Chief ...

With just under $50 million in cash on hand (but massive debts accumulated over the years), Nikola now wants to meet the needs of the case and begin orderly dismantling operations. Specifically, a portion of the cash will be used, as detailed in the very statement, for dealer support and management ...

The plant will be located in Fontana, California. There, the manufacturer will have its new regional headquarters as well. According to the plans, the 210,000-square-foot brand new facility will be capable of assembling up to 100,000 vehicles per year.

ZF is apparently evaluating a full spin-off of its Electrified Drive Technologies division under a project called “Verde”. ZF points out that such move wouldn’t affect the Commercial Vehicles division as it concentrates on a branch of the company targeting the passenger car sector.

The negotiations that have taken place since December 23 between the top management of the two companies did not lead to white smoke because Honda intended, in practice, to acquire the smaller Nissan, while the latter wanted to maintain its de facto independence.

According to Isuzu, the new production plant is expected to employ more than 700 people, with an annual production capacity of approximately 50,000 vehicles by 2030. The Japanese company's will is to produce both electric commercial vehicles and ICE commercial vehicles at the premises to be opened i...