Month: March 2021

Former GM exec Barry Engle’s SPAC to acquire electric aircraft startup Lilium

Qell Acquisition Corp., the special-purpose acquisition company started by former General Motors North America President Barry Engle, is taking German electric-aircraft startup Lilium public through a reverse merger.

The deal will list Lilium on the Nasdaq and values the combined company at approximately $3.3 billion, according to a statement Tuesday. Lilium will bring in proceeds of $830 million, including about $380 million in cash currently held in trust and $450 million from private investments in public equity.

Qell is making a high-stakes bet that Lilium will succeed in the nascent business of small electric aircraft. The startup intends to

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VW U.S. name change announcement turns out to be marketing stunt

WASHINGTON — Volkswagen Group’s U.S. unit issued a false news release Tuesday claiming it would rename its U.S. operations as “Voltswagen of America” in a marketing stunt designed to call attention to its electric vehicle efforts.

The news release, posted on its website and accompanied by tweets, was reported by Automotive News, Reuters and other outlets globally and included a detailed description of its purported rebranding efforts and new logos.

Later Tuesday, the company fessed up.

“Volkswagen of America will not be changing its name to Voltswagen. The renaming was designed to be an announcement in the spirit of

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These Gas Car Owners Find It Hilarious To Block Tesla Superchargers

Charging infrastructure is growing, but it takes a relatively long time to charge an EV, and there aren’t always charging spots readily available. This is due in part to gas car owners ICE-ing, which apparently some think is a funny trick to pull on EV owners.

ICE-ing is a made-up term that applies to gas car owners parking in EV charging spots. Sometimes it’s unintentional, but oftentimes that’s not the case. The sad part here is there’s not really a whole lot an electric car owner can do about it, aside from confronting the gas car owners, which is probably

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Utah, North Dakota latest to adopt safety stop law for cyclists

SALT LAKE CITY, Utah (BRAIN) — Utah and North Dakota became the latest states to adopt the controversial Idaho Stop law, allowing cyclists to treat a stop sign as a yield sign. 

Rep. Carol Spackman Moss (D-Utah) submitted that state’s legislation five times in the past 10 years, with cycling advocacy group Bike Utah supporting it each time. North Dakota also had been trying for several years to get the legislation passed. The law takes effect May 5.

Utah and North Dakota join Idaho, Washington, Delaware, Arkansas, and Oregon. In addition, a California coalition is backing another legislative attempt

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Woman injured after jumping out of moving patrol vehicle on I-5 near Ridgefield

A woman was seriously injured Monday afternoon when she reportedly jumped out of a moving Clark County deputy’s patrol vehicle on Interstate 5 near Ridgefield.

The woman’s identity was not released late Monday afternoon. She was taken to an area hospital for treatment, according to the Clark County Sheriff’s Office.

The deputy had been transporting the woman to the Clark County Jail for allegations of fourth-degree domestic violence assault and interfering with a 911 call.

While en route, the woman unfastened her seat belt and climbed out the rear passenger’s side window of the vehicle, which was traveling at freeway

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Adapting to online sales can mean more than just digital updates

Dealers’ increased ability — and willingness — to sell vehicles online and remotely is itself a significant change for auto retail.

But the notion of providing a seamless e-commerce experience is relevant to considerations dealers have to make about other operational changes beyond the upgraded technology and organizational processes required to make it happen.

Like the size of showrooms. Or how many employees are needed to sell cars.

Automotive News has written about these topics during the past year as we covered the ways the industry adapted to the disruption the pandemic caused to what used to be business

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