Tag: investments

Ford Teams Up With Rivian, Greases the Wheels With Half a Billion Dollars

<img data-attachment-id="1650796" data-permalink data-orig-file="https://www.thetruthaboutcars.com/wp-content/uploads/2018/11/rivian-suv.jpg" data-orig-size="840,560" data-comments-opened="1" data-image-meta="{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"0"}" data-image-title="rivian suv" data-image-description=" rivian ” data-medium-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2018/11/rivian-suv-450×300.jpg” data-large-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2018/11/rivian-suv-610×407.jpg” class=”aligncenter wp-image-1650796 size-large” src=”https://www.thetruthaboutcars.com/wp-content/uploads/2018/11/rivian-suv-610×407.jpg” alt width=”610″ height=”407″ srcset=”https://www.thetruthaboutcars.com/wp-content/uploads/2018/11/rivian-suv-610×407.jpg 610w, https://www.thetruthaboutcars.com/wp-content/uploads/2018/11/rivian-suv-75×50.jpg 75w, https://www.thetruthaboutcars.com/wp-content/uploads/2018/11/rivian-suv-450×300.jpg 450w, https://www.thetruthaboutcars.com/wp-content/uploads/2018/11/rivian-suv-768×512.jpg 768w, https://www.thetruthaboutcars.com/wp-content/uploads/2018/11/rivian-suv-120×80.jpg 120w, https://www.thetruthaboutcars.com/wp-content/uploads/2018/11/rivian-suv.jpg 840w” sizes=”(max-width: 610px) 100vw, 610px”> Not long ago, it was expected that General Motors would sink a pile of cash into upstart electric […]

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Doing the Math Yields More Bad News for China’s Auto Industry

<img data-attachment-id="1670034" data-permalink data-orig-file="https://www.thetruthaboutcars.com/wp-content/uploads/2019/04/shutterstock_1103544050.jpg" data-orig-size="1000,748" data-comments-opened="1" data-image-meta="{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"1"}" data-image-title="Chinese EVs charging in China" data-image-description=" [Image: Xujun/Shutterstock] ” data-medium-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/04/shutterstock_1103544050-450×337.jpg” data-large-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/04/shutterstock_1103544050-610×456.jpg” class=”aligncenter size-large wp-image-1670034″ src=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/04/shutterstock_1103544050-610×456.jpg” alt width=”610″ height=”456″ srcset=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/04/shutterstock_1103544050-610×456.jpg 610w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/04/shutterstock_1103544050-75×56.jpg 75w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/04/shutterstock_1103544050-450×337.jpg 450w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/04/shutterstock_1103544050-768×574.jpg 768w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/04/shutterstock_1103544050-120×90.jpg 120w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/04/shutterstock_1103544050.jpg 1000w” sizes=”(max-width: 610px) 100vw, 610px”> Over the past several years, the Chinese government embarked on an aggressive electric vehicle […]

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The outlook for investing in a more rational VR/AR market

Last week, I made my way to the Microsoft Reactor in San Francisco for the VR Arcade conference. I moderated a panel on investing in virtual reality, augmented reality, and mixed reality. It was a far different environment for that kind of conversation than in 2016 or earlier. The event itself represented a pivot. Since […]

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Toyota’s Trying to Remain Non-threatening in the U.S.

<img data-attachment-id="1647890" data-permalink data-orig-file="https://www.thetruthaboutcars.com/wp-content/uploads/2018/11/20180323_01_10_s.jpg" data-orig-size="1920,1358" data-comments-opened="1" data-image-meta="{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"0"}" data-image-title="toyota logo badge corolla hatchback" data-image-description=" Toyota ” data-medium-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2018/11/20180323_01_10_s-450×318.jpg” data-large-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2018/11/20180323_01_10_s-610×431.jpg” class=”aligncenter size-large wp-image-1647890″ src=”https://www.thetruthaboutcars.com/wp-content/uploads/2018/11/20180323_01_10_s-610×431.jpg” alt width=”610″ height=”431″ srcset=”https://www.thetruthaboutcars.com/wp-content/uploads/2018/11/20180323_01_10_s-610×431.jpg 610w, https://www.thetruthaboutcars.com/wp-content/uploads/2018/11/20180323_01_10_s-75×53.jpg 75w, https://www.thetruthaboutcars.com/wp-content/uploads/2018/11/20180323_01_10_s-450×318.jpg 450w, https://www.thetruthaboutcars.com/wp-content/uploads/2018/11/20180323_01_10_s-768×543.jpg 768w, https://www.thetruthaboutcars.com/wp-content/uploads/2018/11/20180323_01_10_s-120×85.jpg 120w” sizes=”(max-width: 610px) 100vw, 610px”> While the Trump administration is carefully considering whether or not imported vehicles qualify as a threat to […]

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FCA Fine Flying Solo, Equally Happy With Help

With Sergio Marchionne gone, most assumed Fiat Chrysler Automobiles would swiftly enact the late CEO’s plan to convince another automaker to partner with the company. Until recently, FCA was viewed as a dinosaur within the industry — limping along since its Fiat acquisition with a lineup of unpopular European imports and oversized American vehicles that couldn’t possibly endure […]

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The Cost of Future-proofing: German Auto Industry to Invest $68 Billion Into EVs, Mobility, Data Over Next Three Years

The German Association of the Automotive Industry, known in its native tongue as Verband der Automobilindustrie (VDA), says its members have formally committed themselves to investing 60 billion euros (roughly $68 billion USD) into electrification and vehicular autonomy over the next three years. The claim was made as part of a larger announcement serving as a […]

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You Can Now Legally Invest Into Faraday Future…

Faraday Future’s path to glory has been complicated to say the least. A series of ludicrously ambitious moves have been plighted with failure, followed by renewed hopes that were ultimately dashed. Incredibly, the aspiring automaker still exists and intends to begin production of its first electric vehicle once its money troubles are over. Unfortunately, the […]

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Faraday Future Co-founder Calls It Quits; Majority Shareholder Has Odd Debt Solution

Faraday Future co-founder Nick Sampson has quit his executive post as the aspiring automaker continues struggling with finance issues relating to its latest financial backer and China’s second-largest real estate developer, Evergrande Group. That leaves CEO Jia Yueting as the company’s only founding executive left on staff. But it would appear he might also leave, albeit […]

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Faraday Future Confronting Layoffs, Pay Cuts, Probable Corporate Doom

Following a previous article about Faraday Future, the manufacturer reached out to yours truly to clarify a few things. First of all, the company deemed the headline and body a bit “jagged.” Understandable, as no manufacturer wants to be called “America’s Worst Automaker” by some bespectacled creep sitting behind a keyboard. Faraday’s spokesperson also noted […]

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BMW Buying Out Brilliance Automotive in China, Adding Capacity for U.S.

Now that China has relaxed its joint-ownership mandates, BMW has announced that it will procure a majority stake in its venture with Brilliance Automotive. The German firm will be the first foreign automaker to have majority control of its business in the region. Being first will not come cheaply, however. It will cost BMW $4.2 billion to […]

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Chance Du: From $3,000 a year in China to $20 million in global crypto assets

If you are brave enough and willing to take risks, you stand to succeed in any greenfield market. And the world of blockchain technology, cryptocurrencies, and distributed ledgers is no exception. Coefficient Ventures founder and CEO Chance Du started from humble beginnings. Du grew up in the rural outskirts of Sichuan Province in China, where her […]

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Money Matters: Moody’s Downgrades Ford to Near Junk

Ford’s been wringing its corporate hands over stock prices for ages. While the market itself is generally rising, the Blue Oval seems to perpetually find itself in Wall Street’s basement. It is arguable that lackluster performance on this front cost Mark Fields his job earlier this year. Things are not looking up in that department. […]

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Toyota Investing $500 Million Into Uber for Driverless Partnership

Toyota Motor Corp. is set to drop about $500 million into Uber Technologies Inc. under an agreement that will see both companies work jointly on self-driving vehicles. The ultimate goal is for Toyota to bring to market its own autonomous vehicles using some of Uber’s hardware, with direct access to its ride-sharing network. According to the automaker, […]

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After the Bitcoin Boom: Hard Lessons for Cryptocurrency Investors

SAN FRANCISCO — Pete Roberts of Nottingham, England, was one of the many risk-takers who threw their savings into cryptocurrencies when prices were going through the roof last winter. Now, eight months later, the $23,000 he invested in several digital tokens is worth about $4,000, and he is clearheaded about what happened. “I got too […]

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What’s the Chinese Electric Car Startup Survival Rate? One Percent, An Investor Predicts

China has bit of a gambling problem when it comes to electric car manufacturers, though it should probably be referred to as a “gambling solution.” The country dumps vast sums of money into hundreds of EV startups, effectively hedging its bets by placing chips on absolutely everyone. With $15 billion already invested, the nation intends to […]

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