Company will raise $11.9 billion to fund expansion. Rivian Automotive, Inc. announced the pricing of its upsized initial public offering of 153,000,000 shares of Class A common stock at a public offering price of $78.00 per share, valuing the company at over $77 billion In addition, Rivian has granted the underwriters a 30-day option to […]
ASA Announces 8th Annual Technology and Telematics Forum as Virtual Webinar Series
Alliance for Automotive Innovation and ASA host program on the future of EVs. The Automotive Service Association (ASA) announced the 8th Annual Technology and Telematics Forum as a virtual webinar series. The event was previously scheduled for November 1 in Las Vegas, Nevada as part of the Congress of Automotive Repair and Service (CARS) Executive […]
SCRS Announces OEM Collision Repair Technology Summit Session on Electric Vehicles
The Society of Collision Repair Specialists (SCRS) announced the participating subject matter experts in the OEM Collision Repair Technology Summit session on Electric Vehicles (EVs). The panel discussion will be held Thursday, November 4th during the 2021 SEMA Show from 9:00 10:30 a.m. and will feature: Jennifer Goforth – General Motors | Director – Global […]
AIADA Calls Proposed EV Tax Credit for Union Built Vehicles Discriminatory
The American International Automobile Dealers Association (AIADA) yesterday launched an awareness campaign to highlight the employment and environmental consequences that will result from the severe limitations of a proposed new tax credit for electric vehicles (EV). “There are more than 50 EV models sold in the U.S., but Congress’s proposed new $4,500 tax credit will […]
Ford Submits Electric Police Vehicle to Michigan State Police for Testing
As part of its more than $30 billion investment in electrification through 2025, Ford is exploring all-electric, purpose-built law enforcement vehicles. To demonstrate that a vehicle with an electric powertrain can deliver strong performance and stand up to demanding police duty cycles, the company is submitting an all-electric police pilot vehicle based on the 2021 […]
SEMA Projects Alternative Power Vehicles to Account for 45% of U.S. Light Vehicle Sales by 2035
Despite projected growth, electric and hybrid powertrains currently represent only a small niche market for automakers and the specialty-equipment industry. Sales of alternative power vehicles, while currently representing just 5% of all U.S. light vehicle sales today, are expected to reach 45% by 2035, according to new SEMA market research. Eighteen of the top 20 […]
I-CAR Publishes Best Practice for High-Voltage Disconnecting Procedure
The Inter-Industry Conference on Auto Collision Repair (I-CAR) announced the official release of the Electric Vehicle (EV) Best Practice guide for a High-Voltage Disconnecting Procedure. Information on the procedure, including links to downloadable documents are available online. The document is designed to complement OEM repair procedures, providing guidance for technicians in this extremely important area […]
Biden Administration Executive Order Sets Goal to Have 50% of New Cars and Light Trucks Sold in 2030 be Electric Vehicles
EPA also proposed 2023-2026 Emission standards for cars and light trucks and begins heavy-duty vehicle emissions rulemaking process. President Biden signed an Executive Order on August 5 setting a goal of having 50% of passenger cars and light trucks sold in the U.S. in 2030 to be zero-emission vehicles, including battery electric, plug-in hybrid electric, […]
GM Issues New Recall and Safety Instructions for 2017-19 Chevrolet Bolt
Owners urged to limit charging capacity, park away from structures, charge after every use. GM has issued a new recall affecting the 50,932 Model Year 2017-2019 Chevrolet Bolt vehicles, , even if the owner has had the previous recall repairs completed covered under the original recall announced in November 2020 and revised in May 2021. […]
Thatcham Research Launches EV Training Program
Thatcham Research is supporting the pressing need for automotive businesses and their employees to learn how to handle Electric Vehicles safely and effectively by unveiling a new ‘EV Ready’ Training Program. The UK Government’s decision to bring forward its ban on sales of new petrol and diesel cars to 2030, has increased consumer demand for […]
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