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Indianapolis, Indiana, US
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Volvo details new Drive-E powertrains
Fri, 16 Aug 2013Volvo released details of its new Drive-E family of powertrains on Friday. Vehicles with the extra-efficient engines will arrive at dealerships early next year. Drive-E is also Volvo's name for all of its green innovations, encompassing everything from a sustainable manufacturing process, use of recycled materials and low-emission powertrains.
Paolo Pininfarina elected Chairman at Pininfarina SpA
Thu, 14 Aug 2008Paolo Pininfarina has been unanimously elected to become Chairman of the Board of Directors at Pininfarina S.p.A., one of the roles previously occupied by his late brother Andrea Pininfarina. The Board of Directors agreed to assign authority over the Group's design operations and Pininfarina Extra to Paolo Pininfarina and also elected to hand over the Group's communications to his sister Lorenza Pininfarina, the Provisional Deputy Chairperson. There has been much speculation about the company's future following the untimely death of CEO Andrea Pininfarina in a traffic accident last week.
EV car maker Aptera shuts down
Fri, 02 Dec 2011Automotive startup company Aptera Motors, promoter of the weirdly styled, three-wheeled 2e electric car, shut down on Friday, saying it was out of money. The company said it was unable to raise funds from private investors that would have kept it going until it received a $150 million loan from the Department of Energy's Advance Technology Vehicle Manufacturing program. "This is a difficult time for everyone connected with our company because we have never been closer to realizing our vision," CEO Paul Wilbur said in a statement.