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Aston Martin Is in Last-Minute Talks with Lawrence Stroll and Geely Group

Aston Martin is in last-minute talks with the Canadian billionaire Lawrence Stroll. Reports indicate that the owner of the Racing Point Formula One team and the luxury carmaker are in talks. This is an effort by the carmaker to shore up finances. The company had a less than exciting performance last year. Lawrence Stroll and Aston Martin are said to be in talks to raise £200 million (about $260 million) in a fresh round of financing.Aston Martin Lagonda Global Holdings Plc. Limited is also in...

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Isuzu Set to Buy Volvo Unit UD Trucks for 250 Billion Yen

Volvo Group after negotiations has decided to sell its Japanese trucking unit UD Trucks for the total sum of 250 billion yen ($1.3 billion) to Isuzu Motors Ltd. Sources indicate that the deal was consummated after a series of talks that saw the current transaction structure emerge. The two rival global automakers will also move ahead as allies rather than as rivals in what seems as a consolidation of their positions for mutual benefit.Based in Saitama, Japan, UD Trucks was sold to Volvo after...

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Glencore PLC Is to Use Responsible Sourcing Blockchain to Track Cobalt

Glencore PLC, one of the world’s largest cobalt producers and a public traded company announced its plan to join the Responsible Sourcing Blockchain Network (RSBN). Glencore will use the Hyperledger Fabric Platform for Cobalt production to track its cobalt production.RSBN is particularly an industrial collaboration using blockchain technology that supports “responsible sourcing and production practices from mine to market”. Moreover, the members of the network include companies from the auto,...

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Volvo Cars Joins Responsible Sourcing Blockchain Network

Volvo Cars is the newest car manufacturer that decided to join the Responsible Sourcing Blockchain Network (RSBN) – a cross-industry collaboration for responsible sourcing of minerals, with the focus on strengthening human rights and environmental protection in mineral supply chains.As per the report sent to CoinSpeaker the consortium is pioneering the use of IBM’s blockchain technology for accountability and compliance in the mining and production of minerals from the mine to the...

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Tesla Is to Begin Manufacturing Electric Vehicles in China

Photo: Tesla / TwitterWe all know how the Chinese are very protective of their domestic economy and how they don’t let anybody come and just set up a business within their borders for domestic consumption without strict controls. Tesla seems to have been able to jump through all the hoops and regulatory processes required to be able to manufacture electric vehicles in China sources indicate.In what seems to be a first for China, this is the first time that the government will be allowing the...

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Porsche Presents Cheaper Version of the All-Electric Taycan to Compete Tesla

In recent news, Porsche has presented another version of their new all-electric Taycan. The new model is called Taycan 4S and comes with the same chassis, suspension, and permanent magnet synchronous motors. Just a few weeks ago in September, the company introduced the electric Taycan in general, Taycan Turbo S and Taycan Turbo in particular. This “cheap” version is a little bit slower, lighter, and much cheaper. By saying cheap, we mean around $100,000. While the fast and powerful versions...

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