SpaceX Sets IPO Price at $135 Per Share Ahead of Historic Nasdaq Debut 
Switch Eyes Multi-Billion-Dollar Funding Round at $50 Billion Valuation Ahead of Potential IPO 
Apollo and Blackstone Complete $35 Billion Anthropic AI Infrastructure Financing Deal 
Trump Administration Defends Anthropic AI Restrictions in Ongoing Federal Lawsuit 
SpaceX IPO Sets Record With $75 Billion Raise, Valuation Hits $1.77 Trillion 
Quantinuum Raises $1.68 Billion in Upsized Nasdaq IPO Amid Growing Quantum Computing Demand 
OpenAI Files Confidential IPO Draft as AI Giants Race Toward Public Markets 
Meta Challenges Australia’s Proposed Tech Tax, Citing U.S. Trade Agreement Concerns 
Hanmi Semicon Shares Surge After $33 Million SpaceX Investment 
OpenAI Eyes Massive 10GW Ohio Data Center Campus in Potential $500 Billion AI Infrastructure Deal 
Hyundai, Nvidia, and South Korea Near Deal for Major AI Technology Center 
EngineAI Files for Hong Kong IPO Amid Rising Demand for AI and Robotics Stocks 
Apple Unveils Enhanced Apple Intelligence and Next-Generation Siri at WWDC 2026 
Meta Delays Release of New AI Model as API Rollout Remains Uncertain 
Adobe Beats Q2 2026 Estimates, Raises Full-Year Outlook as AI Revenue Surges Despite Stock Drop 
Astera Labs and Rocket Lab Surge After Nasdaq-100 Inclusion Announcement 
Bouygues, Orange and Iliad Strike €20.35 Billion Deal to Acquire SFR 
Ford is revealing a new electric sports crossover next week, built on Volkswagen's MEB platform. This new model follows the Electric Explorer and promises exciting features.
Ford's New All-Electric Sports Crossover Set to Revive the Iconic Capri Legacy
Ford is already preparing to introduce another electric vehicle (EV) after completing the first all-electric Explorer at its new Cologne EV facility in Germany this week, per Electrek.
Ford's upcoming electric vehicle (EV), a 'sports crossover,' is a significant outcome of the 2020 agreement with Volkswagen. This partnership allows Ford to utilize Volkswagen's MEB platform, the same foundation used for the ID series, to produce this new EV.
Although Ford initially announced that it would introduce an electric vehicle (EV) as a successor to the Mustang Mach-E, which ultimately became the electric Explorer, it was later disclosed that a second model was in the works.
Media reports indicate that Ford has yet to confirm the vehicle's name, which is speculated as Capri. Ford's Capri was an immediate success in 1969, with more than 400,000 units sold within its initial two years. By 1974, 1.2 million Ford Capris had been sold.
The iconic fastback coupe is on the brink of a comeback as an all-electric sports crossover built on VW's MEB platform.
Ford's Capri EV Sports Crossover Debut, Featuring Advanced MEB Platform
According to Automotive News, Ford will introduce the new Capri EV sports crossover on July 10, 2024.
The Capri EV, observed in testing last year, has a long wheelbase and a wide stance, resembling numerous MEB-based vehicles. It is similar to the Cupra Tavascan, another electric SUV built on VW's MEB platform.
According to the report, the Capri and Explorer EVs will be comparable to VW's ID.4 and ID.5. The electric Explorer boasts a range of up to 374 miles (600 km) with a new battery.
Volkswagen's GTX models are powered by the same 335 hp powertrain used in the dual-motor Explorer EV, equipped with a 79-kWh battery. The single-motor variant is priced at £45,875 ($58,000), while a standard range model will be available later, with a starting price of approximately £39,875 ($50,000).
Photo: Yunus Yildiz/Unsplash
