Honda adds to Japan’s domestic car output cuts in July Argus Media Go to Source Go to Source
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Driverless cars show the limits of today’s AI – The Economist
IN MARCH Starsky Robotics, a self-driving lorry firm based in San Francisco, closed down. Stefan Seltz-Axmacher, its founder, gave several reasons for its failure. Investors’ interest was already cooling, owing to a run of poorly performing tech-sector IPOs and a recession in the trucking business. His firm’s focus on safety, he wrote, did not go… Continue reading Driverless cars show the limits of today’s AI – The Economist
Geely’s CV unit confirmed to buy 15.24% stake in Anhui-based CV maker Hualing Xingma – Gasgoo Auto News
Geely’s CV unit confirmed to buy 15.24% stake in Anhui-based CV maker Hualing Xingma Shanghai (Gasgoo)- Zhejiang Geely New Energy Commercial Vehicle Group (GCV), a wholly-owned subsidiary of Zhejiang Geely Holding Group, is going to acquire 15.24% stake in Hualing Xingma Automobile (Group) Co.,Ltd., an Anhui-based commercial vehicle manufacturer listed on Shanghai Stock Exchange, to… Continue reading Geely’s CV unit confirmed to buy 15.24% stake in Anhui-based CV maker Hualing Xingma – Gasgoo Auto News
Uber and Lime to save thousands of electric bikes from scrapheap – Telegraph.co.uk
Uber and Lime to save thousands of electric bikes from scrapheap Telegraph.co.uk Go to Source Go to Source
PSA’s UK Vauxhall car factory to resume output after September 1 – ETAuto.com
The Ellesmere Port location in northwest England made just over 60,000 Vauxhall/Opel Astra cars last year. LONDON: Peugeot-maker PSA’s (PEUP.PA) Vauxhall car factory in Britain, which stopped production in March due to the coronavirus outbreak, will not resume production until after Sept. 1, the company said on Wednesday. The Ellesmere Port location in northwest England… Continue reading PSA’s UK Vauxhall car factory to resume output after September 1 – ETAuto.com
UPDATE 1-Vietnam’s VinFast to launch first electric car in 2021 – Reuters
* Company plans to target U.S. market with electric model * Electric model to debut at LA Auto Show in Nov. 2020 * VinFast a unit of Vingroup, Vietnam’s largest conglomerate * Batteries to use cells from South Korea’s LG Chem (Updates with company statement and details) By Khanh Vu HANOI, May 28 (Reuters) –… Continue reading UPDATE 1-Vietnam’s VinFast to launch first electric car in 2021 – Reuters
Continental CEO warns staff of possible forced layoffs, report says – Automotive News Europe
BERLIN — Continental must save hundreds of millions of euros in costs and will probably have to lay off workers due to a slump in demand caused by the coronavirus pandemic, WirtschaftsWoche cited the CEO as saying. “This will be very painful, but we have no other choice,” CEO Elmar Degenhart told staff in an… Continue reading Continental CEO warns staff of possible forced layoffs, report says – Automotive News Europe
China’s Geely Automobile launches share placement of up to $859 million – ETAuto.com
The shares are priced in the HK$10.80-$11.20 range, after 4.44%-7.85% discount to the last closing price of HK$11.72. HONG KONG/BEIJING: China’s Geely Automobile Holdings Ltd has launched an $836 million-$859 million placement of 600 million new shares, according to a term sheet seen by Reuters. The shares are priced in the HK$10.80-$11.20 range, after 4.44%-7.85%… Continue reading China’s Geely Automobile launches share placement of up to $859 million – ETAuto.com
Cyber attack forces Honda to stop production at some plants – Neowin
Honda has halted production at several plants after its internal network was disrupted by a cyber attack. As a result of the attack, production had been brought to a standstill at the company’s car plants in Ohio and Turkey, as well as at motorcycle factories in India and South America. A spokesperson for the car… Continue reading Cyber attack forces Honda to stop production at some plants – Neowin
Amazon Close to Finalizing its Purchase of Autonomous Vehicle Startup Zoox – FutureCar
Author: Vineeth Joel Patel Amazon has its foot in so many areas that it’s almost too much to comprehend. Whole Foods, IMDb, Twitch, Audible, Zappos, Goodreads, and LivingSocial are just a few companies that fall under Amazon’s wide reach. One area where Amazon hasn’t really ventured into yet is the automotive realm. The company may… Continue reading Amazon Close to Finalizing its Purchase of Autonomous Vehicle Startup Zoox – FutureCar