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Mercedes-Benz unveils its revamped G-Class

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The all-new G-Class makes its public debut at the Detroit auto show in G550 form. Completely redeveloped and fitted with a 4.0-liter V8 biturbo gasoline engine offering 427ps and 450 lb-ft of torque at 2,000rpm to 4,750rpm, despite near-identical looks to its predecessor plenty has changed for the Mercedes-Benz SUV.


Ford’s F150 pickup gets its first diesel motor

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Developed by the powertrain team behind the 6.7-liter Power Stroke engine for super duty trucks, the all-new 3.0-liter V6 Power Stroke unit promises 250ps, 440 lb-ft of torque, and an anticipated 5175kg of towing capacity.


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In light of Fisker's solid-state battery breakthrough and claims of a one minute charge time, will this electric vehicle technology development kick-start mass BEV uptake? 

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First Formula E investment round completed

The first round of investment in Formula E, a new FIA racing series featuring fully electric cars, has been completed. The first wave of financing attracted a total of €50 million.

The main investors in this round are Qualcomm Incorporated, through its venture capital arm Qualcomm Ventures, and Andorran-based private equity fund Amura Capital. Both have committed to the new electric race series, alongside existing investor Causeway Media Partners – owners of the Boston Celtics NBA basketball team. The three join current shareholders Spanish entrepreneur Enrique Bañuelos and Alejandro Agag, CEO of Formula E Holdings.

 A further three shareholders are expected to be announced shortly with all receiving a seat on the Formula E board of directors.

The championship, which hosts its inaugural event on September 13 at Beijing’s Olympic Stadium, is designed to appeal to a new generation of motorsport fans, whilst accelerating interest in electric vehicles and promoting sustainability. Racing entirely on temporary city-centre race tracks, the 10 teams will use single-seater electric cars capable of speeds in excess of 225kph.

“We are very excited to deepen our relationship with Formula E,” said Steve Pazol, GM of Wireless Charging for Qualcomm. “We look forward to demonstrating our technology throughout the race series, including our Qualcomm Halo wireless charging on the Qualcomm Safety Car, and wireless data connectivity and other technologies on the race cars themselves. Formula E is the perfect way to demonstrate the leading edge of technology of this next generation of environmentally responsible transportation.”

Ivan Comerma, CIO of Amura Capital, was similarly excited by the investment. “As a private equity fund, this investment makes sense in a diversified portfolio of best-class and unique opportunities for our clients. It is a project that shares many of the same values of our company, going that one step further by investing in the environment and sustainability with large doses of innovation. All of this is done without forgetting about the main keys to our investment offers: exclusive and profitable products for our clients.”

What started out as an idea, is now becoming a reality,” said Alejandro Agag. "Formula E is moving closer to its goal of showing fans around the world the true potential of electric cars.”

28 May 2014


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