Tesla, secret manufacturer, Citroen, South Africa, Toyota.

Tesla beats stock sale target: The carmaker raised 738.3 million dollars in its secondary stock sale, more than 230 million above the original target. Top underwriters include Goldman Sachs and Morgan Stanley, who together bought just over 2.1 million shares. The cash will flow into the upcoming Model X and Model 3, as well as the Gigafactory in Nevada.
bloomberg.com, forbes.com

Hands to hire: Martin Leach, former Ford Europe COO, is looking to recruit staff for a secret new electric car manufacturer that will be mainly based in China and California. Leach revealed that although this company does not have “a background in the car industry” and is also looking into self-driving cars, it is not linked to Apple.

Citroën to present EV? According to L’Automobile Magazine, Citroën has registered the name e-Mehari, sparking rumours that the carmaker could presents an electric car based on its C4 Cactus and the legendary beach car Mehari at the Frankfurt Motor Show in September. So far, no additional information has been released.
automobile-magazine.fr (in French) via technologicvehicles.com

IEEV 2015

Made in South Africa: South African-based company Big Boss announced that it will unveil an electric car within the next six months, priced at around 20,000 euros. The car will initially be built in China, but once the company sold its first 1,000 units, it wants to bring production back to South Africa.

New Toyota Prius uncovered: Pictures of the next-generation of Toyota’s famous hybrid are already circling the web ahead of the official presentation set for September 8th. And the new Prius caught on camera was totally uncovered!

Danes to keep up tax exemption? The country’s conservative party is pushing for tax exemption of electric vehicles to be extended for at least 2 years, in order to support market and infrastructure investments. The Danish government is already looking into maintaining the perk, which was meant to expire at the end of the year (we reported).
dr.dk (in Danish)


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