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Californian EV maker Lucid to acquire Nikola’s production assets

Nikola's HQs were in Phoenix, Arizona, close to the vehicle production site. More into details, As part of the agreement, Lucid will take over Nikola's former Coolidge manufacturing facility, as well as the Phoenix facility, previously used as Nikola's headquarters and product development center. Al...
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Cummins launches new line of remanufactured brake callipers

According to Cummins, "the remanufacturing process is more environmentally friendly, as it reduces the need for raw materials and minimises waste". This meticulous approach allows Cummins to deliver high-quality callipers at a lower cost versus new ones, providing significant savings for European fl...
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Paul Cataford to join Loop Energy’s Board of Directors

Over the first nine months of 2022, Loop Energy has achieved significant growth including the quadrupling of purchase orders year-over year, doubling of its customer base, and posting a 2.5-time increase in unit sales year-over-year.
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Here’s the all-electric 4×4 Munro. Proudly from Scotland

Munro Vehicles has at least unveiled its brand-new 4x4 electric off-road vehicle. The Munro Mk_1 was designed, engineered, and built in Britain, born off-road to navigate the most challenging terrain and operating for up to 16 hours on a single battery charge.
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Luca de Meo (Renault) will be the new ACEA president in 2023

Luca de Meo will take over the presidency from BMW’s CEO, Oliver Zipse, who has held the position for the last two years. The ACEA President is elected for a year-long term, once renewable, from the CEOs of its member companies – the major Europe-based car, van, truck and bus manufacturers.
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Scania to launch new venture capital fund

Following its successful predecessor, Scania Growth Capital II "will continue the focus on the most attractive companies and entrepreneurs in the B2B tech space", according to the Swedish group.
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