Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand 
TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement 
Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency 
Oracle Stock Slides After Blue Owl Exit Report, Company Says Michigan Data Center Talks Remain on Track 
Republicans Raise National Security Concerns Over Intel’s Testing of China-Linked Chipmaking Tools 
Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies 
SK Hynix Considers U.S. ADR Listing to Boost Shareholder Value Amid Rising AI Chip Demand 
MetaX IPO Soars as China’s AI Chip Stocks Ignite Investor Frenzy 
iRobot Files for Chapter 11 Bankruptcy Amid Rising Competition and Tariff Pressures 
Apple Explores India for iPhone Chip Assembly as Manufacturing Push Accelerates 
Trump Signs Executive Order to Establish National AI Regulation Standard 
Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO 
SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation 
SpaceX Begins IPO Preparations as Wall Street Banks Line Up for Advisory Roles 
Australia’s Under-16 Social Media Ban Sparks Global Debate and Early Challenges 
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
