Karma Automotive took the wraps off Tuesday of a new electric concept car called the SC2 that produces a heart-thumping 1,100 horsepower and can travel from 0 to 60 miles per hour in 1.9 seconds. The concept is a showpiece and an integral part of the Chinese-backed California-based startup’s new strategy to become a technology…
Ford wants the world to take notice of its plans for electric vehicles. And what better way than to build an all-electric Mustang fastback with a six-speed manual transmission? And that has us angry over here because it’s a gigantic tease of a prototype that will never make it into production. Or least that’s what Ford…
General Electric posted upbeat Q3 earnings. Free cash flow, an efficiency indicator, amounted to $650 million. Improving fundamentals suggest that the stock may have found a bottom. General Electric (NYSE:GE) is surging. The company is slowly becoming an example of how to turn a struggling industrial giant into a powerhouse. GE’s resurgence can be largely…
Ford provided its first peek of a Mustang-inspired electric crossover nearly 14 months months. Now, it’s ready to show the world what “Mustang-inspired” means. The automaker said Thursday it will debut the electric SUV on November 17 ahead of the LA Auto Show. Not much is known about the electric SUV that is coming to…
EV Connect, the Los Angeles-based company that sells software to manage electric vehicle charging, has raised $12 million in a Series B round led by investors Mitsui & Co. and Ecosystem Integrity Fund. The company has raised $25 million to date. EV Connect’s cloud-based platform has an open standard architecture that is designed to be…
After a trying month due to labor disputes, American automaker General Motors (NYSE:GM) looks likely to be on the upswing ahead of it’s Oct. 29 Q3 results. GM seems to be in the final stages of wrapping up a deal with the United Auto Workers union, which has helped the stock recoup some of the…
Ford launched a video today of its “all-electric F-150 prototype.” The truck is capable of towing more than 1 million pounds, which the company proved by using its prototype to pull nearly a dozen “double-decker freight cars” filled with other F-150 trucks. Even though Ford’s truck isn’t ready yet, the company didn’t hold back and…
