By on July 18, 2017

Lucid Air

It’s the dream of every startup to bring forth an exciting idea and then allow itself to be purchased by a much larger and less imaginative company to ensure the concept never reaches fruition. Lucid Motors, one of the few automotive startups attempting to temper hype with reasonable expectations, is approaching that dream as rumors of its attempt to sell itself to a larger automaker begin to proliferate.

While most of the talk surrounding the potential sale of the company is just that, Lucid has been desperately seeking funding for the production of its electric car in Arizona. Unnamed inside sources claim the company reached out to Ford Motor Company and even held preliminary takeover talks.  (Read More…)

By on March 16, 2017

2018 Volvo XC60, Image: Volvo Cars

Volvo denies that it wants to return to publicly listed status, but a new round of fundraising has many believing the Swedish automaker is about to end its 20-year absence from the stock market.

According to the Financial Times, the Geely-owned company hopes to raise about $500 million from a new batch of preference shares. Unlike the last time it held out its hat, this time Volvo wants Chinese buy-in. (Read More…)

By on December 15, 2014

aston-martin-dbs-carbon-edition-by-wheelsandmore-photo-gallery_13

Aston Martin is preparing to crowdfund the old-fashioned way — shares and bonds — its portfolio expansion, per sources close to the automaker.

(Read More…)

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