VW plans to sell electric Tesla rival for less than $23000: source

FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) intends to sell electric cars for less than 20,000 euros ($22,836) and protect German jobs by converting three factories to make Tesla (TSLA.O) rivals, a source familiar with the plans said. VW and other carmakers are struggling to adapt quickly enough to stringent rules introduced after the carmaker was found…

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Ford buys electric scooter startup Spin, joining competitors Bird and Lime

CLOSE Ford Motor is acquiring the electric-scooter startup Spin for more than $40 million. Traditional automakers continue to invest in alternative modes of transportation. USA TODAY Ford Motor Co. buys Spin, an electric scooter company, for more than $40 million. (Photo: Ford Motor Co.) Ford Motor is acquiring electric-scooter startup Spin for more than $40…

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Ford buys electric scooter startup Spin

Ford is buying electric scooter startup Spin, Axios reports, citing a price of around $40 million. Spin currently operates its scooters in Coral Gables, Fla., Washington, D.C., Charlotte, N.C., Durham, N.C., Lexington, Ky., Denver, Colo., Detroit, Mich. and Long Beach, Calif. In addition to operating throughout specific cities, Spin is live on five college campuses.…

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Electric Mercedes opens German assault on Tesla

STOCKHOLM/PARIS (Reuters) – Mercedes-Benz is set to unveil its much-anticipated electric SUV on Tuesday, marking the start of a German onslaught against Tesla’s (TSLA.O) dominance of the fast-growing market for premium battery cars. FILE PHOTO: A Tesla Model S electric car is seen at its dealership in Seoul, South Korea July 6, 2017. REUTERS/Kim Hong-Ji/File…

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Infiniti’s new electric concept car can only be described as vintage future

Infiniti’s new Concept 10 dips into the automotive greatest hits playbook. The single-seater sports car concept teases the way Infiniti will address electric luxury in our not-so-distant future. Introduced Friday during Monterey Car Week, where international car collectors gather to fawn over beloved classics, Infiniti is making a statement as it maps out its trajectory…

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