AutoComplete: Tesla goes all-in on autonomy with Grohmann Engineering acquisition
Today is November 8th and here's what's making news on Road Show.
Tesla's going from buying machines to buying companies that build machines.
It made moves to acquire Germany based Grohmann Engineering in hopes that it will help improve Tesla's manufacturing process ahead of the Model 3 production.
Tesla anticipates that it will hire an additional 1,000 engineers and technicians after the acquisition.
The deal isn't final yet, as it must pass regulatory muster in both the United States and in Germany.
Workhorse currently builds electric delivery trucks, but it want to get into the pickup game with its electric W-15 pickup concept.
It promises a lithium ion battery pack good for 80 miles, with a gas powered range-extender providing extra juice as necessary.
The company also promises autonomous emergency braking with has yet to be in traction in the pick-up market.
It's a moon shot, sure, but it could help clean up fleet vehicles in a big way if it becomes a reality.
By 2020, every Ferrari will have some sort of hybrid technology inside of it.
That's the word from Ferrari CEO, Sergio Marchionne, who said that the company needs to embrace electrification If it hopes to sell more than 10,000 cars per year.
Once an automaker hits that number, fuel economy and emissions targets become harder to hit, hence the pushing for higher voltage.
Considering how good the La Ferrari is, that shouldn't be a problem for anybody.
Find out more on these stories over on theroadshow.com, and we'll talk to you tomorrow.