Lucid Motors confirmed that it is delaying the launch of the production version of its Lucid Air electric car as the timeline to production is at risk. In 2017, Lucid Motors announced an aggressive $60,000 base price for its luxury all-electric sedan, the Lucid Air, with a range of 240 miles and some other interesting specs.… Continue reading Lucid Motors delays launch of production Air electric car, timeline for production at risk – Electrek
Author: Google News Scanning
Geely eyes $900m loan for restructuring – GlobalCapital
Zhejiang Geely Holding Group, a Chinese auto company, is in talks with banks for a new loan to support a planned restructuring. The company is planning to raise a $900m three year club deal, according to multiple bankers close to the situation. One of the bankers said the discussion is at a preliminary stage, and… Continue reading Geely eyes $900m loan for restructuring – GlobalCapital
Kia resumes partial output at Slovakia plant – Automotive News Europe
Kia started partial production at its plant in Zilina, Slovakia, on Monday after a two-week stop due to the coronavirus crisis. The factory will operate on a limited basis initially with only two of the normal three shifts operating, Kia Europe told Automotive News Europe in an emailed statement. The Zilina plant is Kia’s only… Continue reading Kia resumes partial output at Slovakia plant – Automotive News Europe
Zoox, citing COVID-19 shutdown, lays off its autonomous vehicle backup drivers – The Verge
Zoox, the ambitious self-driving startup said to be worth over $3 billion, laid off almost all of its contract workers last week, including its backup drivers who ride around in the company’s autonomous vehicles. Around 120 people are said to be out of work. Zoox workers were informed in an email sent on Friday that… Continue reading Zoox, citing COVID-19 shutdown, lays off its autonomous vehicle backup drivers – The Verge
Qcraft raises over $24 million to train autonomous vehicle systems in simulation – VentureBeat
Qcraft, a robotics startup focused on autonomous vehicle (AV) development, this morning announced it has raised over $24 million in seed funding. (A spokesperson wouldn’t disclose the exact amount, but said it’s in the “dozens of millions.”) The company says it will use the capital to further develop its large-scale intelligent simulation platform, which generates… Continue reading Qcraft raises over $24 million to train autonomous vehicle systems in simulation – VentureBeat
Lucid Motors takes a prototype Air EV on an 800-mile California road trip – CNET
Silicon Valley EV startup Lucid Motors has been hard at work over the past year, gearing up for what was supposed to be the company’s official unveiling of a production-spec version of its Lucid Air luxury EV sedan in New York in the coming weeks. We suspect that those plans are on hold, given the… Continue reading Lucid Motors takes a prototype Air EV on an 800-mile California road trip – CNET
MAHLE Powertrain opens new facility for electrified powertrain battery pack and module testing and development – Green Car Congress
As a response to the growing time and cost pressures facing vehicle manufacturers seeking to develop latest generation automotive electrification technologies, MAHLE Powertrain has opened a new, dedicated facility for the extensive testing of battery modules. The facility, based at the powertrain specialist’s Northampton (UK) technical center, enables the strip-down and disassembly of modules and… Continue reading MAHLE Powertrain opens new facility for electrified powertrain battery pack and module testing and development – Green Car Congress
Nissan to furlough staff and suspend production for whole of April – Chronicle Live
Car giant Nissan is to suspend production at its Sunderland plant for the rest of April and put most of its staff on furlough as the coronavirus lockdown continues. The company – which employs more than 6,000 people at Sunderland and supports thousands more in the regional supply chain – had initially suspended production on… Continue reading Nissan to furlough staff and suspend production for whole of April – Chronicle Live
Uber launches Ubermedic service in India – Business Traveller
The ride-hailing giant, Uber took to Twitter to announce at its partnership with hospitals across India, to launch a new service called Ubermedic. This service includes a 24/7 dedicated fleet to help healthcare professionals move with ease. The service aims to ensure that all medical workers in the country can easily book a cab from… Continue reading Uber launches Ubermedic service in India – Business Traveller
Lucid Motors pushes back the unveiling of its long-awaited electric sedan – Engadget
Sponsored Links Lucid Motors Back in January, Lucid Motors announced that it’s finally unveiling the production model of its electric sedan in April three years after it was first revealed. The company was supposed to launch the car next week at the New York Auto Show, but the event was postponed until August due to… Continue reading Lucid Motors pushes back the unveiling of its long-awaited electric sedan – Engadget