Daimler AG and Evonik Industries AG are restructuring their joint venture activities in the field of electric mobility. Daimler will acquire all of the shares held by Evonik in Li-Tec Battery GmbH (50.1%) and in Deutsche ACCUmotive GmbH & Co. KG (10%). This will make Daimler the sole owner of the two companies. The parties have agreed not to divulge the details of the agreement.
Dutch based Ugur Sahin Design has unveiled their new Project F that is currently in a virtual concept stage.
Going over the speed limit on city streets is not a good idea. Doing it in a 700 horsepower Lamborghini Aventador is clearly a freaking bad idea!
Talented designer David Obendorfer is not associated with BMW, but the German automaker should clearly take a look at his work.
Volvo has released new details about its lightweight Flybrid flywheel KERS technology, after new UK tests.
Developed together with Flybrid Automotive, part of the Torotrak Group, the lightweight Flybrid flywheel KERS technology boosts performance while cutting fuel consumption and emissions by up to 25 per cent.
