Terrafugia is that flying car company you read about every sixth months or so that continually disappoints you by remaining Just A Thing On The Internet, and not actually a thing in the real world. But now, in a strange turn of events, The South China Morning Post says Volvo’s parent company Geely has bought the flying car company. I have no clue why. China’s Zhejiang Geely Holding Group Co. has been getting its automotive-imperialism on lately, buying Volvo back in 2010, then more recently buying a large chunk of Proton, and a 51 percent majority share of Lotus. Now, according to a source at the South China Morning Post, the Hangzhou, China-based company has acquired Terrafugia, a startup founded by MIT aerospace engineers and MBA students. The flying car company’s mission is to “create practical flying cars that enable a new dimension of personal freedom,” and ever since its founding in 2006, the world has been hearing rumors that flying cars would … [Read more...] about Volvo’s Geely Bafflingly Buys Flying Car Company Terrafugia: Report
Automation car company tycoon
I hope you’re somewhere where a sudden outburst of joyful tears won’t get you in trouble, because it’s going to happen when you hear this: when a billionaire who owns an electric car company came out and admitted he was having trouble delivering cars, incredible, heroic strangers heard his cry for help and stepped up to the challenge! Faith in humanity restored! Here’s the desperate billionaire’s plaintive cry for help: It hurts to read that! Clearly, many people were moved by the desperate billionaire’s statement, and—and this is where the story gets incredible—a hero stepped up: Not only did this selfless knight step up, but the grateful billionaire did the incredible and accepted not just his free labor, but the free labor of many, many other generous, giving fans, all willing to pitch in to help this desperate and noble for-profit company, likely the dominant company in the field of electric cars and one of the top-selling luxury … [Read more...] about Everyday Heroism: Fans Are Volunteering To Help Billionaire Car Company Owner Deliver His Cars
The Cooper Car Company – the F1 world championship winning manufacturer and famed Mini tuner – has been commemorated with an English Heritage blue plaque. The plaque was unveiled in Surbiton at the former Cooper Car Company works of the company’s golden years of the 1950s and 1960s, surrounded by vintage Cooper cars. The blue plaques are put up by the heritage body to commemorate prominent individuals and their connections to a location. The Surbiton plaque has been erected to mark the huge contribution the relatively small Cooper Car Company made to the British car industry. World beater Although now most closely associated with Minis, the Cooper Car Company was a leader in the development of modern Formula 1 cars in the 1950s and 60s as well as a championship-winning manufacturer in many classes. At its peak, Cooper was the world’s largest production racing car manufacturer. It won both the drivers’ and the constructors’ Formula One World … [Read more...] about Cooper Car Company gets blue plaque honour
Google co-founder Larry Page has high hopes for the future of personal vertical takeoff and landing vehicles, better know as flying cars. The Verge has discovered that Page is involved in a flying car company dubbed Opener, former in Canada. Page is also behind Kitty Hawk, a company that’s developed a two-seater flying taxi and a flying boat dubbed Flyer. Some suggest Page may be trying to corner the market before it explodes in popularity. Although Page has never spoken publicly about his involvement with flying cars, he founded a company dubbed Levt Inc in 2010 with Stanford aeronautics professor Ilan Kroo. Levt changed its name to Zee.Aero in 2011 and was initially focusing on creating an electric flying taxi. Page is getting involved with the industry is still in its infancy. In 2014, Page acquired Opener when the company was still known as SkyKar. Opener founder Markus Leng came up with his flying car concept in 2009 and took to the air in a concept at his home in a … [Read more...] about Google’s Larry Page Owns More Flying Car Companies Than We Own Cars
Dean Shaw, Volvo Cars USA’s handsomely bespectacled VP of corporate comms, bellows the word to a ballroom full of sleepy-eyed car journalists—conceivably to both wake them up and emphasize what the morning’s lecture would focus on: “Electrification!” (Full Disclosure and Editor’s Note: In July 2017 (yes, 2017) I asked Deadspin video god Tim Burke if he wanted to handle a Volvo press drive for us in Denver, because he’s a not-so-secret car guy and was interested in buying a V90 wagon at some point. He then promptly never turned in a story, leading to some uncomfortable emails and phone calls between me and Volvo. Our relationship has since recovered somewhat. Now, at long last, on Burke’s last day before he takes a buyout, here is his much awaited story on the future of the Volvo lineup. It is all presumably current as of last year. Also, it should be noted Volvo flew Burke to Denver, fed him, gave him cocktails, and put him up in the … [Read more...] about What Kind Of Car Company Does Volvo Want To Be?