As Formula One teams return home to rest and gather breath after three successive triple-headers, bosses have stressed that such intense scheduling cannot become the norm. After a weekend off, there were then two successive races at Britain's Silverstone and a trip to Spain. "I think multiple triple-headers are not sustainable," Racing Point team boss Otmar Szafnauer said last weekend.
The deal for ChargePoint could value the company at more than $2 billion (1.54 billion pounds) and be announced as early as next week, the sources said, cautioning that talks could still collapse and terms may still change. ChargePoint declined to comment. Switchback did not immediately respond to requests for comment.
Zoox, the automated vehicle technology startup that was acquired by Amazon this year, has been issued a permit from California regulators that will allow it to test driverless vehicles on public roads. The permit is not for all public roads in the state, but it's still notable, considering the company will be able to test its vehicles without a human safety operator behind the wheel. The California Department of Motor Vehicles, the agency that regulates automated vehicle testing in the state,
Now, Musk and his team are preparing to outline new steps in Tesla's drive to become a more self-sufficient company less reliant on suppliers at its "Battery Day" event on Sept. 22. Musk has been dropping hints for months that significant advances in technology will be announced as Tesla strives to produce the low-cost, long-lasting batteries that could put its electric cars on a more equal footing with cheaper gasoline vehicles. New battery cell designs, chemistries and manufacturing processe
The European Investment Bank (EIB) has increased to almost 800 million euros ($949 million) its funding to Fiat Chrysler Automobiles (FCA) to support production of electric and hybrid vehicles, they said in a joint statement. Investments to manufacture battery electric vehicles and plug-in hybrid electric vehicles will be mainly directed at FCA plants located in southern Italy, supporting employment and compliance with the strictest environmental criteria. To improve capacity utilisa
