Apple Partner Foxconn to Form EV Partnership With Fisker

(Bloomberg) — Foxconn Technology Group will develop an electric vehicle with Fisker Inc., part of the manufacturer’s efforts to boost its automotive capabilities at a time when technology companies including its main customer, Apple Inc., are looking to expand in vehicles.

The car will be built by Foxconn, targeted at multiple markets including North America, Europe, China and India, and sold under the Fisker brand, according to a joint statement from the companies Wednesday. Production is set to start in the fourth quarter of 2023.

Fisker is looking to break new ground with its second planned model. The startup plans to make a vehicle that doesn’t fit into an existing segment, like a sedan or SUV. Its partnership with Foxconn, a Taiwanese smartphone maker which is new to the auto business, is pinned on hopes that the collaboration will bring innovative manufacturing.

“The auto industry is very stale,” company founder

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2021 Chevrolet Trailblazer or 2021 Jeep Compass? Pros and Cons

Chevrolet Trailblazer Full Overview

What’s more important: having actual off-road capability, or looking like you do? We’ve seen enough Jeep Wranglers on 22-inch wheels to know that true capability isn’t always why people buy SUVs—appearances matter, too. To that end, the 2021 Jeep Compass and 2021 Chevrolet Trailblazer seek to provide a weekend adventurer look in a subcompact package. Both crossovers’ fuel economy scores are higher than their breakover angles, but which is better off-road? Does that matter if you want a versatile, inexpensive, and stylish SUV? Keep reading to find out the pros and cons of these two small crossovers.

2021 Chevrolet Trailblazer: Pros Over the Compass

Fuel Economy

In most configurations, the Trailblazer ekes out a few more miles per gallon than the Compass. Chevrolet offers it with a 1.2- or 1.3-liter turbo-three engine. The smaller engine is FWD only and returns 28/31 mpg

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Collector Car Appreciation Day Set For July 10

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It’s time to mark your calendars and make some plans.

As the coronavirus lockdowns are lifting and car enthusiasts are looking to socialize once more, everyone should keep in mind the upcoming Collector Car Appreciation Day being organized by SEMA, the Automotive Restoration Market Organization, and Hot Rod Industry Alliance. Set for July 10, 2020, this will be the 11th annual celebration of automotive restoration and collecting. In other words, you should start figuring out how you want to observe this important date.

Officially, the date of the 2020 Collector Car Appreciation Day was announced back on December 19, 2019. However, considering the past few months have felt like a few years of chaos for many, you’re completely forgiven for not remembering.

There are a lot of ways to celebrate Collector Car Appreciation Day. Different automotive-related businesses will be doing

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A startup with a modular EV platform plans to go public via SPAC deal

The wave of electric-vehicle startups going public via so-called reverse mergers shows no signs of slowing, with Israel’s REE Automotive the latest to join the party.

A reverse merger is where a private company is able to go public by being taken over by a company that’s already publicly listed, thus avoiding the complexity of launching an initial public offering. The reverse mergers are typically done with a special purpose acquisition company (SPAC) that is set up solely for this purpose, and this is the case with REE which on Wednesday announced it has teamed up with a SPAC known as 10X Capital Venture Acquisition Corp.

The deal is expected to close by the end of the first half of 2021, with the merged company to list on the Nasdaq under the ticker symbol “REE.” REE is expected to receive $500 million out of the deal which already lists some

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