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Stellantis and Foxconn's new joint venture will focus on connectivity
Wed, May 19 2021MILAN — Carmaker Stellantis and TaiwanÂ’s Foxconn announced plans to develop a jointly operated automotive supplier focusing on technology to make vehicles more connected, including artificial intelligence-based applications and 5G communications. Stellantis CEO Carlos Tavares said the services that will be developed through the tie-up “will mark the next great evolution of our industry,” alongside fully electrified and hybrid powertrains. The deal brings together Stellantis, the worldÂ’s 4th-largest automaker formed this year by the merger of Fiat Chrysler Automobiles and PSA Peugeot, and Foxconn, a major supplier of iPhones. The companies said the venture would focus on such services as infotainment, the integration of telecommunications and computer systems, artificial intelligence-based applications, 5G communications, e-commerce channels and smart cockpit integration. The companies announced a non-binding memorandum of understanding to form a 50-50 joint venture called Mobile Drive, which will be based in the Netherlands and function as an automotive supplier also to other carmakers. The new venture will combine advanced consumer electronics, Human-Machine Interfaces (HMI) to create new services “that will exceed customer expectations,” the companies said in a release. “Customers today and, in the future, demand and expect ever-increasing software-driven and creative solutions to connect the drivers and passengers with the vehicle inside and out,Â’Â’ Foxconn Chairman Young Liu. Alfa Romeo Chrysler Dodge Ferrari Fiat Jeep RAM Citroen Opel Peugeot 5g Connectivity Stellantis Foxconn
Stellantis invests more than $100 million in California lithium project
Thu, Aug 17 2023Stellantis said it would invest more than $100 million in California's Controlled Thermal Resources, its latest bet on the direct lithium extraction (DLE) sector amid the global hunt for new sources of the electric vehicle battery metal. The investment by the Chrysler and Jeep parent announced on Thursday comes as the green energy transition and U.S. Inflation Reduction Act have fueled concerns that supplies of lithium and other materials may fall short of strong demand forecasts. DLE technologies vary, but each aims to mechanically filter lithium from salty brine deposits and thus avoid the need for open pit mines or large evaporation ponds, the two most common but environmentally challenging ways to extract the battery metal. Stellantis, which has said half of its fleet will be electric by 2030, also agreed to nearly triple the amount of lithium it will buy from Controlled Thermal, boosting a previous order to 65,000 metric tons annually for at least 10 years, starting in 2027. "This is a significant investment and goes a long way toward developing this key project," Controlled Thermal CEO Rod Colwell said in an interview. The company plans to spend more than $1 billion to separate lithium from superhot geothermal brines extracted from beneath California's Salton Sea after flashing steam off those brines to spin turbines that will produce electricity starting next year. That renewable power is expected to cut the amount of carbon emitted during lithium production. Rival Berkshire Hathaway has struggled to produce lithium from the same area given large concentrations of silica in the brine that can form glass when cooled, clogging pipes. Colwell said a $65 million facility recently installed by Controlled Thermal can remove that silica and other unwanted metals. DLE equipment licensed from Koch Industries would then remove the lithium. "We're very happy with the equipment," he said. "We're going to deliver. There's just no doubt about it." Stellantis CEO Carlos Tavares called the Controlled Thermal partnership "an important step in our care for our customers and our planet as we work to provide clean, safe and affordable mobility." Both companies declined to provide the specific investment amount. Controlled Thermal aims to obtain final permits by October and start construction of a commercial lithium plant soon thereafter, Colwell said. Goldman Sachs is leading the search for additional debt and equity financing, he added.
Viper ACR privateers' Nurburgring runs detailed in new documentary
Tue, Feb 13 2018Discontinued in the summer of 2017, the Dodge Viper is out of production, relegated to the hearts and garages of those who love it. But as a last hurrah, a crowdfunded privateer team took two Viper ACRs to the famous Nurburgring racetrack to both celebrate the Viper's existence and to try and lap the long Nordschleife track in under 7 minutes. Going after the fastest recorded production car lap, they gunned for the Lamborghini Huracan Performante's 6:52 time, but hot August temperatures caused tire problems and the Viper remained on the wrong side of 7 minutes despite the best efforts of ex-Porsche cup driver Lance David Arnold and SRT driver Dominik Farnbacher. In essence, the team ran factory-spec Viper ACR Extremes on factory tires; showroom fresh, the cars were delivered straight from Texas. But despite not getting under the 7-minute mark, they still became the first non-automaker-affiliated team to set an official Nurburgring lap time — and the 7:01.3 they laid down on their best run made the Viper ACR the fastest RWD, fastest manual and fastest American-built car on the track. Now, a full documentary of the record attempt has been released to the public, detailing all the pain and exhilaration that goes into running this kind of cars on their absolute limit on one of the most demanding racetracks in the world. It's 24 minutes of pure excellence. You can also re-view the record lap here in its entirety: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Dodge Videos dodge viper acr