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Electric Truck Unicorn Rivian, Backed By Amazon And Ford, Lands $350 Million Investment From Cox

Rivian, an innovative truck startup planning to produce all-electric pickups and SUVs that’s backed by Ford Motor Co. and Amazon, said Cox Automotive is investing $350 million and may partner with it on future business operations.

Led by 36-year-old founder and CEO RJ Scaringe, Plymouth, Michigan-based Rivian has ginned up excitement in the auto industry with its plans to launch a line of long-range, rechargeable light trucks, including the R1T pickup and R1S SUV, built off a highly functional “skateboard” platform that integrates the battery pack, drive components and suspension system. Ford invested $500 million in April and Amazon led a $700 million round in February.

Cox, which owns an extensive range of businesses related to auto sales and services, including consumer information sites Kelley Blue Book and Autotrader, retailer data services Dealer.com and Dealertrack, and automotive auction business Manheim, will also explore ways to help Rivian with service operations, logistics and digital retailing.

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“We are building a Rivian ownership experience that matches the care and consideration that go into our vehicles,” Scaringe said in a statement. “Cox Automotive’s global footprint, service and logistics capabilities and retail technology platform make them a great partner for us.”

A Clark Kent look-alike with a Ph.D. in mechanical engineering from MIT, Scaringe has refined his ideas for electric vehicles over the past decade and could prove to be a major competitor to Tesla’s Elon Musk, who has his own plans for battery-powered trucks, ranging from a pickup to 18-wheel semis.

Rivian aims to begin production and sales of its first two models from late 2020, building them at the former Mitsubishi Motors Corp. assembly plant in Normal, Illinois, that it purchased in 2017 and is renovating. The company already has more than 1,000 employees and wants to begin selling its electric vehicles internationally from 2021.

Both the R1T and R1S are to have electric range of up to 400 miles per charge–well more than any of Tesla’s current EVs–and they are priced from $68,000 and $72,500, respectively.

Rivian’s fundraising in the past year has been prodigious and totals at least $2 billion with Cox’s investment. Still, it declined to provide an estimate valuation or confirm what stake is owned by Scaringe. In addition to the funding from Ford and Amazon, it raised $450 million in an earlier round that included Saudi Arabia-based investment group Abdul Latif Jameel, Su­mi­tomo Corp. of Japan and London’s Standard Chartered Bank.

“We are excited by Rivian’s unique approach to building an electrified future and to be part of the positive impact its products will bring to our roads and the world around us,” said Sandy Schwartz, president of Cox Automotive. “This investment complements Cox Automotive’s own commitment to environmental change through our Cox Conserves efforts.”

Along with its equity stake and potential business operations, Cox Automotive will have a seat on Rivian’s board.

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From Los Angeles, the U.S. capital of cars and congestion, I try to make sense of technology-driven changes reshaping transportation, cities and how we get around. I’ve tracked global automakers, advanced vehicle tech and environmental policy for more than two decades, including 15 years at Bloomberg, and squeezed in stints in the financial and corporate worlds. What’s your story?

Source: Electric Truck Unicorn Rivian, Backed By Amazon And Ford, Lands $350 Million Investment From Cox

( http://www.TFLcar.com ) The new electric Rivian SUV and Truck will be able to turn on a dime.
Here are all of the details ( http://www.patreon.com/tflcar )
Please visit to support TFLcar & TFLtruck.
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The History of Rolls-Royce

A century of perfection

The turn of the 20th century marked the beginning of an extraordinary partnership between two of the most innovative minds of the moment. Henry Royce, a successful engineer and Charles Rolls, owner of one of the UK’s first motor car dealerships, agreed to sell motor cars under the name Rolls-Royce.

At that moment, a new company was born: Rolls-Royce.

The Best Motor Car in the World

In 1907, the Silver Ghost was declared ‘The Best Car in the World’ after its record breaking success. Travelling from London to Glasgow 27 times – covering 14,371 consecutive miles – the iconic motor car broke the world record for a non-stop motor run while demonstrating unrivalled reliability and comfort.

1930s

In the 1930s, Rolls-Royce broke world records on land and sea. And automation saw the arrival of Phantom III – the first ever Rolls-Royce to be built with a V12 engine.

1940s

The 1940s saw new developments in craftsmanship and design. Until 1959, each Silver Wraith had an individual, coach-built body.

1950s

The 1950s marked the start of a long-standing relationship between Rolls-Royce and the royal family.

1960s

By the time the Swinging Sixties began, Rolls-Royce had begun to appeal to a new breed of owner. Actors, rock stars and celebrities chose the marque as a symbol of their success.

1970s

The 1970s was a challenging decade for Rolls-Royce but, following re-launch as two separate companies, the decade saw the arrival of two exciting new motor cars.

1980s

By 1980, British defence company Vickers had bought Rolls-Royce Motors Limited, producing Rolls-Royce alongside Bentley motor cars. The new Rolls-Royce Motor Cars Limited was floated on the London Stock Exchange in 1985.

1990s

The 1990s marked a new chapter in the marque’s history when the BMW Group bought the rights to produce Rolls-Royce motor cars. With the change came a brand new manufacturing facility: the Home of Rolls-Royce at Goodwood. It was here that an exciting new chapter would begin.

On the day it acquired the Rolls-Royce Motor Cars brand, BMW Group said it intended to build a plant in England. From a shortlist of possible sites, Goodwood in West Sussex in the south east of England emerged as the natural choice.

Tucked away in the heart of the South Downs National Park in an area of outstanding natural beauty, Goodwood is a quintessentially English setting. Perfectly in tune with our brand values and customer expectations. Despite it being an entirely new location for Rolls-Royce manufacturing, Goodwood has a strong historical connection to the brand. Sir Henry Royce, one of the company’s founders, lived less than 10 miles away in the charming village of West Wittering from 1917 until his death in 1933.

Starting with a blank sheet of paper, the project was approached in light of one of Sir Henry Royce’s famous quotes: “Strive for perfection in everything you do.” Not only did the facility have to be an extension of the brand, we also wanted to have minimal impact on the environment. So we brought in renowned British architect Sir Nicholas Grimshaw, whose portfolio includes the Eden Project in Cornwall, the International Terminal at London’s Waterloo Station and the National Space Centre in Leicester.

Built over four and a half years, the award-winning manufacturing facility opened its doors on 1 January 2003. Designed on a 20 x 20 metre grid with steel columns supporting roof lights, the main building is set two metres below the surrounding ground level, to blend into the landscape.

The floor-to-ceiling windows run the length of the Assembly Hall, providing essential natural light for our craftspeople and – for visitors who come to Goodwood – a front-row view of the entire production line. We like to call it ‘the glass mile’.

But, much like the design of a Rolls-Royce motor car, there’s more to our Goodwood home than first meets the eye. The eight-acre curved living roof – the largest in the UK – is home to hardy sedum plants. The green coverage improves the building’s insulation and reduces rainwater runoff, while also acting as an effective camouflage.

After being fully operational for nine years, we extended the Assembly Hall in 2012. By adding an extra 2,500 square metres, we were able to add new space to the Surface Finishing Centre and also to our Bespoke service, which has more than doubled in size since 2003.

As well as blending into its rural surroundings, Goodwood is designed to have the smallest possible impact on the environment. The exterior is clad with a mix of limestone and cedar wood, both from sustainable sources. And the timber louvre panels, activated by a weather station on the roof, control how much light enters the building and reduce our demand for electricity.

The large central lake attracts numerous wild birds, and also guards against flooding by storing excess water. Across the 42-acre site, we’ve established over 400,000 plants and trees of more than 120 species. We also compost all our green waste.

Source: The history of Rolls-Royce

Rory is let loose inside the Rolls-Royce factory in West Sussex, England, and discovers how the Wraith, Phantom and Ghost Series II are built. Subscribe for more great content: http://bit.ly/1f3dxSq

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Hybrid Pioneer Toyota Finally Unveils Its First EV, The C-HR

The C-HR is Toyota's first-ever EV.

The C-HR is Toyota’s first-ever EV.

Some automotive analysts have recently suggested that Toyota missed the boat when it comes to electric vehicles. That could not be farther from the truth.

While not the first to mass-market an EV — that honor went to the Nissan Leaf in 2010 — Toyota has been methodically electrifying its lineup since it pioneered that world’s first hybrid—the Prius—back in 1997. In fact, of the 60 odd models (in Japan) in its range, well over half boast some form of electrification. We should of course note that by electrification, we are referring to vehicles powered by either a pure electric powertrain or a hybrid, plug-in hybrid or hydrogen fuel cell setup.

And electrification is the operative word here. Because while Toyota may not yet have a pure EV on the market, its hybrids, plug-in hybrids and fuel cell cars like the Mirai all have electric motors, battery packs and power control units that EVs employ. The technology is there. It’s just that the hybrid powertrains contain a gasoline engine component, which depending on the vehicle, either powers the drive wheels or merely acts as a generator to charge the batteries. Indeed, the Mirai is an electric car with hydrogen as its fuel.

I spoke with a Toyota executive recently who said that, “We might not have an EV in our lineup at this moment, but we have the necessary technology to release one almost immediately when the time is right.” He added that the company has been gauging market reaction to EVs, while it progressively electrified its entire lineup, a task that will be completed by 2025. That’s right. By 2025, every Toyota and Lexus vehicle will be propelled by some form of electric powertrain.

As far as Toyota’s “when the time is right” comment goes, it would seem as though the time to launch a pure electric car is now. At April’s Shanghai Motor Show, Japan’s No 1 carmaker unveiled their first-ever EV in China, the C-HR and Izoa battery-electric crossover concepts. Technically the same car, they are manufactured by different joint ventures. The reason why the same car has two names is because Toyota operates multiple joint ventures in China with GAC calling it C-HR and FAW referring to it as the Izoa.

While the company was not offering up any range details or specifications on its powertrain, we did learn that the concept sits on the same Toyota New Global Architecture that underpins the popular Camry and Corolla. Another thing we can infer from the C-HR is that if Toyota can mount an electric powertrain in this small crossover then there is a fair chance that other models like the RAV4 or Corolla, which also employ the TNGA platform, can also be made into EVs.

What we’re seeing here is just the start of a wave of EVs that Toyota says will number at least ten by 2025.

In a career that spans 30 years, I have written about automobiles, innovation, games, luxury lifestyles, travel and food.

Source: Hybrid Pioneer Toyota Finally Unveils Its First EV, The C-HR

Purple lamborghini found crashed in a ditch owned by bitcoin investor Michael Hudson

The 270,000 British pound ($500,000) Lamborghini Huracan Performante supercar was reportedly discovered by cameraman Andrew Laurence in Enfield, north London, while he was driving to work early Friday morning… https://www.pivot.one/share/post/5c7a3495ad59e765d0ac1507?uid=5bd49f297d5fe7538e6111b6&invite_code=JTOJYV

Toyota’s new car subscription company Kinto is gamifying driving behavior — TechCrunch

Toyota has officially launched Kinto, a company first revealed late last year that will manage a car subscription program and other mobility services in Japan, including the sale and purchase of used vehicles as well as automotive repair and inspection. Kinto is jointly funded by Toyota Financial Services, a wholly owned subsidiary of Toyota, and Sumitomo Mitsui…

via Toyota’s new car subscription company Kinto is gamifying driving behavior — TechCrunch

2 Reasons To Sell Tesla: $920M And $26,250

A little more than two months from now, Tesla — in which I have no financial interest — could have a considerably lower cash balance. How so? The terms of a $920 million convertible bond make me think that come March 1, Tesla will have to part with at least a third of its remaining cash. Is Tesla stock overvalued? On January 18, Tesla traded at 22% below its June 2018 all-time high and it lost 13% of its value in the wake of CEO Elon Musk’s decision to cut 7% of its employees……..

Source: 2 Reasons To Sell Tesla: $920M And $26,250

Volvo’s Plans To Grow Trucking Industry Involves Better Fridges, Autonomous Tech – Sebastian Blanco

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Turns out, a better refrigerator and autonomous driving technology have something in common. They are both features that could help increase the number of semi truck drivers on the roads in the U.S. Because people like Malcolm Bryant don’t come around that often. I recently visited the Volvo Trucks Customer Service Center in Dublin, Virginia the day that Bryant (not pictured above) was honored by Volvo Trucks and Southeastern Freight Lines for a career that has lasted more than 50 years – and his spotless safety record with zero accidents during that time………….

 

 

 

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Tesla Just Outsold Mercedes-Benz, Audi, Acura, Infiniti In America, About To Crush BMW, Lexus In Q4 – Jean Baptiste Su

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After Tesla’s “historic” quarter – Q3 2018 – where it posted its first profits in 2 years – the American automaker had just 2 profitable quarters in its history, the last one being in 2016 – and outsold Mercedes-Benz (66,542), Audi (59,478), Acura (41,830) and Infiniti (33,079) in America with close to 70,000 vehicles sold, our current sales estimate indicates that Tesla is on track to surpass Lexus (78,622) and BMW (71,679) in the final quarter of this year……..

Read more: https://www.forbes.com/sites/jeanbaptiste/2018/10/27/tesla-just-outsold-mercedes-benz-audi-acura-infinity-in-america-about-to-crush-bmw-lexus-in-q4/#2d17d76117d1

 

 

 

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