Connect with us

Published

on

European hypercar manufacturer Automobili Pininfarina has made its official invasion into the United States. Sure, the boutique automaker already has retail partners in place on US soil and continues to expand that footprint, but it will soon deliver the very first two all-electric Battista hyper GTs to US customers. Better yet, one of them is the first of only five Battista Anniversario EVs being made.

Automobili Pininfarina GmbH is a Munich-based subsidiary of Mahindra & Mahindra, who purchased the Italian car design firm Pininfarina SpA in 2015. The automaker’s Italian roots come from the original Pininfarina, which was founded in 1930 by Battista “Pinin” Farina.

The refreshed subsidiary’s first EV, the Battista hyper GT, is named after its predecessor’s original founder and initially debuted as a concept EV at Monterey Car Week 2018. That luxury hyper GT was followed by the announcement of an even more exclusive version of the Battista called the Anniversario. It features handcrafted components like its paint job, and its makers have promised a limited production of only five vehicles – each already sold for an estimated $2.9 million each.

Automobili Pininfarina originally promised the Battista would arrive in 2020, but following delays, the hypercar developer unveiled a production-ready version at Monterey Car Week in the summer of 2021. Since that debut, Automobili Pininfarina has been expanding its retail presence in North America while simultaneously ramping up Battista hyper GT production overseas.

With the handcrafted hypercars rolling off the assembly lines at the automaker’s recently opened Atelier engineering and development hub in Cambiano, Italy, Automobili Pininfarina has begun the delivery process to customers in the US.

Battista hyper GT

Battista Hyper GTs bring ultra performance stateside

According to a press release from Automobili Pininfarina, the first two bespoke Battista hyper GTs will be leaving Italy this month for delivery to its first US customers. The first hyper GT will make its way to a private collector on the West Coast. The second Battista to leave the Atelier this month will be the first of only five exclusive Battista Anniversario cars made. Where in the US it’s headed however, remains private. Here are some of the EV’s performance specs:

  • 0 -100 km/h (0-62 mph) in under two seconds
  • 1,900 horsepower
  • 2,360 Nm of torque
  • 120 kWh battery powers four electric motors
  • WLTP range up to 476 km (EPA range of 300 miles)

In addition to the two luxury EVs arriving, the automaker shared news of a tenth retail location in North America, adding a new space in Dallas, Texas. With the start of deliveries and retail partners in place, Automobili Pininfarina hopes to become a known boutique EV brand in the US and beyond. Company CEO Per Svantesson spoke:

The team and I are very proud of Automobili Pininfarina’s expansion in the U.S. and the delivery of the first Battista cars stateside. This symbolizes our creation of a new luxury electric car segment both in the US and globally. With a passionate collector receiving the first Battista in North America, we see tremendous confidence in this masterpiece of design and technology in this influential community. North America is a very special region for Automobili Pininfarina. The appetite in the community for peerless design and the demand for innovative electric luxury cars means that the majority of the 150 bespoke Battista we handcraft in Italy will be owned by US clients.

The first series production version of the Battista hyper GT will be on display in New York state later this month, while Automobili Pininfarina continues to handcraft all 150 of the predetermined series EVs. If you were the one of the US customers and are reading this, message me. I won’t share your identity, I just want a ride along!

FTC: We use income earning auto affiliate links. More.


Subscribe to Electrek on YouTube for exclusive videos and subscribe to the podcast.

Continue Reading

Environment

Paris’ popular bike share program has a big sticky finger problem

Published

on

By

Paris' popular bike share program has a big sticky finger problem

Paris’ bike-share system, Vélib has long been considered one of the shining success stories of urban micromobility. With a massive fleet of over 20,000 pedal and electric-assist bicycles around Paris, the service has helped millions of residents and tourists get around the City of Light without needing a car or scooter. But lately, a growing problem is threatening to knock the wheels off this urban mobility marvel: theft and joyriding.

According to city officials and the service operator, more than 600 Vélib bikes are now going missing every single week. That’s over 30 bikes a day simply vanishing from the system – some stolen outright, others taken on “joy rides” and never returned.

“At the moment we’re missing 3,000 bikes,” explained Sylvain Raifaud, head of the Agemob company that currently operates the Velib system. That’s nearly 15% of over 20,000 Vélib bikes across Paris.

The sticky-fingered culprits aren’t necessarily professional thieves or organized crime rings. Instead, they’re often regular users who treat the shared bikes like disposable toys.

Advertisement – scroll for more content

The city estimates that many people have figured out how to pry the bikes out of the system’s parking docks, unlocking one for a casual cruise and then ditching it somewhere far from a docking station.

Once pried free, the bikes are technically usable for the next 24 hours until their automatic locking feature kicks in. At that point, the bikes are often simply abandoned. Some end up in alleyways. Others get tossed in rivers. A few just disappear completely.

And since the bikes are intended to be parked at their many docking stations around the city, they don’t have GPS chips, further complicating recovery of “liberated” bikes.

The issue started small but has grown into more than an inconvenience – it’s beginning to undermine the entire purpose of the service. With bikes going missing at such a high rate, many Vélib docking stations are left empty, especially during rush hours.

Riders looking for a quick commute or a convenient hop across town are increasingly finding themselves without available bikes, or having to walk long distances to find a functioning one.

That kind of unreliability chips away at user confidence and threatens to drive potential riders back into cars, cabs, or other less sustainable forms of transport at a time when Paris has already made great strides to dramatically reduce car usage in the city.

The losses are financially painful, too. Replacing stolen or vandalized bikes isn’t cheap, and the resources spent on tracking down missing equipment or reinforcing anti-theft measures are stretching thin. Vélib has faced theft and vandalism issues before, especially during its early years, but this latest surge has officials sounding the alarm with renewed urgency.

Officials acknowledge that there’s no easy fix. Paris, like many cities with bike-share systems, walks a fine line between accessibility and accountability. Part of what makes Vélib so successful is its ease of use and widespread availability. But those same features make it vulnerable to misuse – especially when enforcement is limited and the consequences for abuse are minimal.

The timing of the problem is especially unfortunate. In recent years, Paris has seen impressive results in reducing car traffic, expanding bike lanes, and promoting cycling as a key part of its sustainable transport strategy. Vélib is a cornerstone of that plan. But if the system becomes too unreliable, it risks losing the very people it was designed to serve.

Meanwhile, as Parisians increasingly find themselves staring at empty docks, the challenge for the city and Vélib will be to restore confidence in the system without making it harder to use. That means striking the right balance between freedom and responsibility, between open access and protection against abuse.

In a city where cycling is supposed to be the future of mobility, losing thousands of bikes to joyriders and sticky fingers isn’t just frustrating; it’s unsustainable.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

CNBC Daily Open: Elon Musk, founder of companies and political parties

Published

on

By

CNBC Daily Open: Elon Musk, founder of companies and political parties

U.S. President Donald Trump and Elon Musk attend a press event in the Oval Office of the White House in Washington, D.C., U.S., May 30, 2025.

Nathan Howard | Reuters

When they lose a significant other, most men do indeed become a “TRAIN WRECK.” Then they pick up the pieces of their lives and start living again — paying attention to their personal grooming, hitting the gym and discovering new hobbies.

What does the world’s richest man do? He starts a political party.

Last weekend, as the United States celebrated its independence from the British in 1776, Elon Musk enshrined his sovereignty from U.S. President Donald Trump by establishing the creatively named “American Party.”

Few details have been revealed, but Musk said the party will focus on “just 2 or 3 Senate seats and 8 to 10 House districts,” and will have legislative discussions “with both parties” — referring to the U.S. Democratic and Republican Parties.

It might be easier to realize Musk’s dream of colonizing Mars than to bridge the political aisle in the U.S. government today.

To be fair, some thought appeared to be behind the move. Musk decided to form the party after holding a poll on X in which 65.4% of respondents voted in favor.

Folks, here’s direct democracy — and the powerful post-separation motivation — in action.

 — CNBC’s Erin Doherty contributed to this report.

What you need to know today

And finally…

An investor sits in front of a board showing stock information at a brokerage office in Beijing, China.

Thomas Peter | Reuters

Continue Reading

Environment

CNBC Daily Open: Most people don’t start a political party after separation

Published

on

By

CNBC Daily Open: Most people don't start a political party after separation

US President Donald Trump, right, and Elon Musk, chief executive officer of Tesla Inc., during a news conference in the Oval Office of the White House in Washington, DC, US, on Friday, May 30, 2025.

Francis Chung | Bloomberg | Getty Images

When they find themselves without a significant other, most men finally start living: They pay attention to their personal grooming, hit the gym and discover new hobbies.

What does the world’s richest man do? He starts a political party.

Last weekend, as the United States celebrated its independence from the British in 1776, Elon Musk enshrined his sovereignty from U.S. President Donald Trump by establishing the creatively named “American Party.”

Few details have been revealed, but Musk said the party will focus on “just 2 or 3 Senate seats and 8 to 10 House districts,” and will have legislative discussions “with both parties” — referring to the U.S. Democratic and Republican Parties.

It might be easier to realize Musk’s dream of colonizing Mars than to bridge the political aisle in the U.S. government today.

To be fair, some thought appeared to be behind the move. Musk decided to form the party after holding a poll on X in which 65.4% of respondents voted in favor.

Folks, here’s direct democracy — and the powerful post-separation motivation — in action.

 — CNBC’s Erin Doherty contributed to this report.

What you need to know today

Trump confirms tariffs will kick in Aug. 1. That postpones the deadline by a month, but tariffs could “boomerang” back to April levels for countries without deals. Trump on Friday said letters with “take it or leave it” offers will go out to 12 countries Monday.

U.S. stock futures slipped Sunday. Despite the White House pushing back the return of “reciprocal” tariffs, some investors could be worried trade negotiations would result in higher-than-expected duties. Europe’s Stoxx 600 index dropped 0.48% Friday.

OPEC+ members to increase oil output. Eight members of the alliance agreed on Saturday to hike their collective crude production by 548,000 barrels per day, around 100,000 more than expected.

Elon Musk forms a new political party. On Saturday, the world’s richest man said he has formed a new U.S. political party named the “American Party,” which he claims will give Americans “back your freedom.”

[PRO] Wall Street is growing cautious on European equities. As investors seek shelter from tumult in U.S., the Stoxx 600 index has risen 6.6% year to date. Analysts, however, think the foundations of that growth could be shaky.

And finally…

Ayrton Senna driving the Marlboro McLaren during the Belgian Grand Prix in 1992.

Pascal Rondeau | Hulton Archive | Getty Images

The CEO mindset is shifting. It’s no longer all about winning

https://www.cnbc.com/2025/07/06/the-ceo-mindset-is-shifting-its-no-longer-all-about-winning.html

CEOs today aren’t just steering companies — they’re navigating a minefield. From geopolitical shocks and economic volatility to rapid shifts in tech and consumer behavior, the playbook for leadership is being rewritten in real time.

In an exclusive interview with CNBC earlier this week, McLaren Racing CEO Zak Brown outlined a leadership approach centered on urgency, momentum and learning from failure. 

— Spriha Srivastava

Continue Reading

Trending