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Swedish car makers NEVS AB and Koenigsegg AB are together forming a strategic partnership, enabling the development of parallel vehicle models in slightly higher volumes with emphasis on electrification, as well as strengthening growth opportunities in the hyper car segment.  NEVS is making a capital injection of EUR 150 million, thereby taking a 20 percent minority stake in Koenigsegg’s parent company.  Additionally, the parties are forming a joint venture to expand into new market segments where NEVS AB is contributing USD 150 million in starting capital for a 65 percent stake and Koenigsegg obtains 35 percent by contributing primarily with intellectual property, technology licenses, and product design.  The partnership will deepen an already existing collaboration between NEVS and Koenigsegg, creating synergies between their geographical footprints, experiences and competencies. Koenigsegg already has a distinguished unique market position for hyper cars, and through the ad

DETROIT — The 2019 Camaro ZL1 1LE — the fastest, most track-capable Camaro ever — will offer an available 10-speed automatic transmission beginning late February. During development, Chevy engineers pushed the limits of the automatic transmission to be more than one half second faster than the standard manual on General Motors’ 2.9-mile Milford Road Course. In fact, on longer tracks like the Nürburgring where you can take advantage of the lightning-quick shifts and all 10 gears, drivers can expect to shave off several seconds from their previous lap times with the six-speed manual ZL1 1LE. “This transmission is optimized for speed,” said Camaro Chief Engineer Mark Dickens. “With unique Track Mode calibrations and 10 gears, you are always in the perfect gear when rolling on or off the throttle. You may not be a professional race car driver, but now you can shift like one.” Not only does the 10-speed transmission save time at the track, it gives customers more performance