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Lucid Air exceeds 10K reservations, CEO aims to make EV segment a “two-horse race”

Teslarati

Lucid Motors CEO Peter Rawlinson recently shared some notable updates on the Air, the company’s first production vehicle, as well as his thoughts about the developing electric vehicle market. While speaking with Yahoo Finance , Rawlinson stated that the Lucid Air has just reached a new milestone with 10k reservations.

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Fisker reports more than $100M in revenue Jan-Apr 2012; more than $1B in funding since 2007

Green Car Congress

The EVer (Electric Vehicle extended range) powertrain of the Fisker Karma. The company, which began deliveries of the Fisker Karma luxury four-door extended range electric sedan in December 2011, also said that it has delivered 1,000 vehicles to customers in the US and Europe. Click to enlarge.

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Volkswagen Group to invest more than €62 billion up to 2016; largest-yet investment package for new models, advanced technologies and production facilities

Green Car Congress

More than half of this (57%) will be invested in Germany alone; investments in the German locations will focus on alternative drives, new generations of diesel and gasoline engines, and new generations of Volkswagen’s innovative direct shift gearboxes. These investments will be financed using the joint ventures’ own funds.

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Road Test: 2022 Mitsubishi Mirage SE Hatchback

Clean Fleet Report

The 87 octane, gasoline-powered 3-cylinder engine has a rough sound upon start and idle, which increased when pushed during hard acceleration. The electrically power-assisted steering made turning in-town easy, but it made open road driving seem at times as if the car was barely connected to the road. Functional tech.