The energy infrastructure platform is a first-of-its-kind universal architecture solution that works across various two and three-wheeler vehicles. NEW DELHI: Chetan Maini-led Sun Mobility on Tuesday launched a swappable battery station for two and three-wheeler electric vehicles at its brand new 47,500 sq. ft. technology development centre in Bengaluru. The energy infrastructure platform is a… Continue reading Sun Mobility opens swappable battery station for two, three wheelers in B’luru
Author: Economic Times of India Online News
VW CEO concerned Russia-US sanctions row could hit partner GAZ
“Possible sanctions are naturally a concern,” Diess said. FRANKFURT: Volkswagen is concerned that a row between the United States and Russia over new sanctions imposed by the United States could hit business with its Russian partner GAZ Group, Chief Executive Herbert Diess said on Friday. “Possible sanctions are naturally a concern,” Diess said on Friday.… Continue reading VW CEO concerned Russia-US sanctions row could hit partner GAZ
Waymo takes a page out of Google’s Android Playbook
Waymo seems to be banking on confronting the automotive industry with the same challenge. By Alex Webb When Google set out to tackle the smartphone market with its Android operating system, it picked off the more vulnerable subscale brands with little software expertise. Within three years, those phone makers had surged up the sales charts… Continue reading Waymo takes a page out of Google’s Android Playbook
As GM union faces big job losses, South Koreans turn cold shoulder
“I don’t think anyone is feeling for us anymore,” a grim-faced Lee, who was rehired by GM a year after it bought Daewoo in 2002, said. BUPYEONG, South Korea: When Lee Bum-yeon lost his job along with nearly 2,000 other union workers in 2001 after South Korea’s Daewoo Motor went bankrupt, his neighbours at supermarkets… Continue reading As GM union faces big job losses, South Koreans turn cold shoulder
Daimler eyes 9% return on sales across global markets
“Our passion to create better future is part of our DNA. We know this is a very ambitious goal. But that’s exactly what our founding fathers did. And it’s time to do it again.” New Delhi: German vehicle manufacturer Daimler is aiming to achieve a sustainable return on sales of 9 per cent in its… Continue reading Daimler eyes 9% return on sales across global markets
Meituan deal sets pace in Chinese bicycle-sharing
By Pete Sweeney HONG KONG: Meituan-Dianping is setting a new pace in Chinese bicycle-sharing. The multipurpose online service app agreed on Wednesday to buy Mobike for $2.7 billion. Given the competitive and cash-burning realities, its stakeholders should be relieved at the sale. For rival Ofo, and backers Alibaba and Didi Chuxing, the riding gets tougher.… Continue reading Meituan deal sets pace in Chinese bicycle-sharing
Ford CEO Jim Hackett earned $16.3 million as profit dropped
Hackett was abruptly named as CEO in response to investors’ growing unease about the US automaker’s slumping stock price and its ability to counter threats from longtime automotive rivals and upstarts in Silicon Valley. DETROIT: Ford Motor Co Chief Executive Officer Jim Hackett earned salary, bonus and stock awards of $16.3 million in 2017, while… Continue reading Ford CEO Jim Hackett earned $16.3 million as profit dropped
Daimler-BMW mobility venture aims to be global player – Daimler CFO
STUTTGART: Daimler and BMW‘s new joint mobility services division aims to become a global player through both organic growth and acquisitions, Daimler Chief Financial Officer Bodo Uebber said on Thursday. “We want to grow significantly and we are in a position to handle large acquisitions,” Uebber said. The two leading German luxury carmakers unveiled plans… Continue reading Daimler-BMW mobility venture aims to be global player – Daimler CFO
Alibaba, Ford unveil car vending machine in Guangzhou
The Super Test-Drive Center is offering over 100 Ford cars for the Chinese consumers. New Delhi: Chinese e-commerce giant Alibaba Group and US carmaker Ford have unveiled car vending machine in China’s southern city Guangzhou. The Super Test-Drive Center is offering over 100 Ford cars for the Chinese consumers. Alibaba also planning to build similar… Continue reading Alibaba, Ford unveil car vending machine in Guangzhou
Hyundai union chief warns of job crisis, says electric cars are ‘evil’
“We’re feeling job anxiety. We’re feeling a sense of crisis,” Ha Bu-young, the head of the Hyundai Motor union, South Korea’s biggest and most powerful union, told Reuters in an interview late last week. ULSAN, South Korea: Hyundai Motor’s union chief warned its workers may face a similar crisis to the one hitting General Motors‘… Continue reading Hyundai union chief warns of job crisis, says electric cars are ‘evil’