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EV charging network ChargePoint to go public at $2.4 billion valuation

Will launch via SPAC, similar to Fisker, Nikola, Lordstown and Canoo

ChargePoint Inc, one of the world's oldest and largest electric vehicle charging networks, said on Thursday it will go public by merging with Switchback Energy Acquisition Corp in a deal that values the company at $2.4 billion (1.88 billion pounds). The deal is expected to close near the end of the year and the company will be named ChargePoint Holdings Inc. A trading symbol on the New York Stock Exchange has not been identified. Reuters last week reported ChargePoint and Switchback we

Volvo says demand is holding up despite COVID spike in Europe

But its merger with Geely is currently on hold

Swedish carmaker Volvo Cars expects to hit its forecast of roughly flat sales year-on-year in the second half of 2020 even as a recent a surge in cases across Europe makes the outlook more uncertain, Chief Executive Hakan Samuelsson told Reuters. Volvo, bought by China's Geely Holding in 2010, has repositioned itself during Samuelsson's tenure as a premium carmaker with a range of popular sports utility vehicles (SUVs), taking on far larger rivals such as BMW and Mercedes .

Buying Guide
2021 Toyota Venza Review | The fancy RAV4 Hybrid

It’s a hybrid-only, fashion-focused crossover with a familiar name

Harley-Davidson exits India, books $75 million in fresh restructuring costs

Latest strategy shifts focus back to more profitable motorcycles and core markets

The announcement comes two months after Harley unveiled a strategy to shift focus back to more profitable motorcycles and core markets such as the United States. Harley said earlier in the year that it planned to reduce its product portfolio and exit lower volume markets, without specifying which ones. The company said it now expects total restructuring costs of about $169 million in 2020, and this will also include a workforce reduction of about 70 employees in India, a market where its annua

2021 BMW M3 caught out in the real world in new spy photos

Here's what it looks like without the benefit of studios and processing

Tesla's plan to produce its own lithium won't be easy

Nor 'sustainable' as Elon Musk claims, in terms of water use in Nevada desert

German court opens criminal proceedings against former VW CEO

Eight more employees were also formally charged Wednesday

A court in Braunschweig, Germany on Thursday said it had opened proceedings against former Volkswagen Chief Executive Martin Winterkorn examining whether he is guilty of market manipulation as part of an emissions scandal. Winterkorn and other Volkswagen executives face charges for their role in allowing diesel cars with excessive pollution levels to hit the road, and for failing to inform investors about the extend of the emissions fraud. The court is examining whether Volkswagen

Winnebago 'Magic Bus' is an emissions-free preschool on wheels

It will provide free preschool to low-income families in Colorado communities

First Drive
2021 Acura TLX First Drive | The mojo is returning

Acura has a true, enthusiast’s sedan once again

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