It is official. Ford returns to the Formula 1 arena in 2026, albeit not as a constructor but as a technical partner to leading team Red Bull Racing. Ford will support Red Bull in developing a powertrain in time for the 2026 season, when new, more sustainable powertrain design rules are set to be introduced. … Read more
Lotus Technology, a division of Lotus responsible for developing electric vehicles, is about to go public via a SPAC deal. In a SPAC deal, also known as a reverse merger, a private company goes public by being acquired by an already publicly traded company, usually formed solely for this purpose and known in investor circles … Read more
Rivian has paused its plans, first announced in September, to build electric vans in Europe at a plant operated jointly with Mercedes-Benz. Rivian said Monday it was pausing the plan to instead focus on its existing vans and consumer vehicles, but remained open to exploring partnerships with Mercedes in the future. “At this point, we … Read more