BRUSSELS — EU lawmakers backed a 35 percent cut in carbon dioxide emissions from new trucks by 2030 on Thursday, pushing for ambitious measures to limit climate change despite fears over industry competitiveness. The move comes after EU nations last week agreed to seek a 35 percent cut in car emissions by the same year.… Continue reading EU lawmakers back 35 percent cut in trucks’ CO2 output by 2030
Author: Google News Scanning
EU lawmakers back 35 percent CO2 cut for trucks by 2030
BRUSSELS (Reuters) – EU lawmakers backed a 35 percent cut in carbon dioxide emissions from new trucks by 2030 on Thursday, pushing for ambitious measures to limit climate change despite fears over industry competitiveness. FILE PHOTO: Cars and trucks are stuck in a traffic jam near Irschenberg, Germany, March 29, 2018. REUTERS/Michael Dalder/File Photo The… Continue reading EU lawmakers back 35 percent CO2 cut for trucks by 2030
Uber considers minority investors for self-driving car unit: Report
Uber Technologies Inc is considering selling minority stakes in its costly self-driving car unit as the ride-hailing company tries to address rising cost pressures ahead of its initial public offering, the Financial Times reported on Wednesday. Uber received interest from potential investors and could spin off its Advanced Technologies Group into a separate business unit… Continue reading Uber considers minority investors for self-driving car unit: Report
Vaisala acquires Leosphere, provider of ground-based & nacelle-mounted LiDAR devices
Vaisala, a global provider in environmental and industrial measurement, has announced the acquisition of Leosphere SAS, a global provider in ground-based and nacelle-mounted LiDAR equipment for the wind industry. As project developers and operators worldwide turn to remote sensing to capture wind data at today’s increasing hub-heights, the acquisition will see Leosphere’s Windcube and Wind… Continue reading Vaisala acquires Leosphere, provider of ground-based & nacelle-mounted LiDAR devices
Israeli autonomous car simulation firm Cognata raises $18.5 million
JERUSALEM (Reuters) – Israeli autonomous vehicle simulation platform provider Cognata said on Wednesday it raised $18.5 million in a private funding round led by Scale Venture Partners. Existing investors Emerge, Maniv Mobility, and Airbus Ventures also participated in the round, as did new investor Global IoT Technology Ventures. Cognata said the funds would help to… Continue reading Israeli autonomous car simulation firm Cognata raises $18.5 million
Uber ‘could land $120bn price-tag’ in upcoming IPO
Uber could receive a valuation of as high as $120bn (£91bn) in its upcoming initial public offering, almost double the price-tag the ride-hailing company landed in August. The proposals from US banks suggested Uber seek a valuation much higher than the $76bn it was valued at in August during its most recent fundraising round. They are also said… Continue reading Uber ‘could land $120bn price-tag’ in upcoming IPO
Workhorse Enters Into Initial Production of NGEN-1000 All-Electric Delivery Van
CINCINNATI, Oct. 16, 2018 /PRNewswire/ — Workhorse Group Inc. (NASDAQ: WKHS), an American automotive technology company providing sustainable and cost-effective transportation solutions, announced today that the Workhorse NGEN-1000, a new light-weight electric delivery vehicle, has entered initial production. The NGEN-1000’s curb weight is 4,000lbs – less than one-half of what a traditional diesel step-van weighs –… Continue reading Workhorse Enters Into Initial Production of NGEN-1000 All-Electric Delivery Van
Geely-backed flying-car developer Terrafugia starts taking orders
The Terrafugia Transition is pictured at at the New York auto show in April 2012. Photo credit: BLOOMBERG Terrafugia, a U.S. flying-car developer owned by Chinese automaker Zhejiang Geely Holding Group, has begun taking orders for its first product. Deliveries of the Transition, a two-seat aircraft that can switch between driving and flying modes in… Continue reading Geely-backed flying-car developer Terrafugia starts taking orders
Uber Wants To Deliver Groceries, But There Is A Much Bigger Opportunity
Uber has announced its intentions to expand into delivering groceries. Uber may choose to expand its already successful Uber Eats to be the service for grocery delivery or the company may choose to manage grocery delivery through another service. Photo: Getty Like Amazon, Uber is a company that thinks big. Uber and Amazon also share… Continue reading Uber Wants To Deliver Groceries, But There Is A Much Bigger Opportunity
Zheijiang Geely Holding to issue 950 mln euro bond – Geely spokesman
STOCKHOLM, Oct 15 (Reuters) – China’s Zhejiang Geely Holding will issue a non-rated senior unsecured and fixed coupon three-year bond worth 950 million euros ($1.10 billion) to refinance borrowing arrangements linked to its previous purchase of a stake in Sweden’s AB Volvo, a Geely spokesman told Reuters. The Geely spokesman declined to provide any additional… Continue reading Zheijiang Geely Holding to issue 950 mln euro bond – Geely spokesman