Equipped with Karma’s racing-inspired E-Flex platform suitable for both road and track day applications, the AWD performance prototype aims to achieve 1,100 HP. A combination of attributes including 10,500 lb-ft (14,000 Nm) wheel torque, electronic torque vectoring and front and rear mounted dual electric motors will generate superior power and handling for the test vehicle.… Continue reading Karma Automotive Begins Prototype Testing For Supercar-Capable E-Flex Platform
Author: PR Newswire Online News
Exide Technologies Announces Court Approval of First Day Motions Allowing Business Operations to Proceed in Ordinary Course
MILTON, Ga., May 21, 2020 /PRNewswire/ — Exide Technologies (“Exide” or the “Company”), a global provider of stored energy solutions, today announced that customary first day motions to help facilitate continued operations in the ordinary course of business while the Company operates in Chapter 11 were approved by Judge Christopher S. Sontchi of the U.S.… Continue reading Exide Technologies Announces Court Approval of First Day Motions Allowing Business Operations to Proceed in Ordinary Course
Shouqi Limousine & Chauffeur, the second largest ride-hailing platform in China, has made profits in multiple cities nationwide
As a state-controlled online ride-hailing platform, Shouqi Limousine & Chauffeur ranks second in China’s chauffeur market, with a revenue of CNY 6.5 billion in 2019. According to Wei Dong, CEO of Shouqi Limousine & Chauffeur, the company has been principally engaged in corporate travel, business charter and employee overtime car services since its rollout in… Continue reading Shouqi Limousine & Chauffeur, the second largest ride-hailing platform in China, has made profits in multiple cities nationwide
Silvercar by Audi Enables Responsible Travel with Contactless Features and Services
AUSTIN, Texas, May 14, 2020 /PRNewswire/ — Finally, rental car customers are going to get what they need and what they deserve. Silvercar by Audi is helping customers prepare for the “new normal” in travel with the roll out of Contactless Rental and Delivery to You service. As part of its Responsible Travel initiative, these expanded… Continue reading Silvercar by Audi Enables Responsible Travel with Contactless Features and Services
Crave upgrades food delivery
BOISE, Idaho, May 13, 2020 /PRNewswire/ — Crave Delivery, a new entrant to the food scene, announced today the launch of our unique delivery concept. Aimed at elevating expectations in this space, Crave is a vertically-integrated platform that combines the best of remote kitchens, proprietary technology interface, and employee delivery team. Our goal is to provide… Continue reading Crave upgrades food delivery
Pininfarina to Launch AutonoMIA, a Responsive Driving Experience for the Mobility of the Future
AutonoMIA is an immersive exploration of how technology, from AI to 5G, from display to haptics, from sensors to natural interfaces, can be leveraged to reenchant the driving experience. It is a tool that designers will use to continue iterating on the thinking on the future of driving. The different parties build knowledge on the… Continue reading Pininfarina to Launch AutonoMIA, a Responsive Driving Experience for the Mobility of the Future
Goodyear Announces Offering Of Senior Notes
AKRON, Ohio, May 13, 2020 /PRNewswire/ — The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced that it has commenced a public offering of $600 million aggregate principal amount of 5-year senior notes. The notes will be senior unsecured obligations of the company. Issuance and sale of the notes is subject to market and other… Continue reading Goodyear Announces Offering Of Senior Notes
Wallbox Completes Second Tranche Of $25M Series A Investment
BARCELONA, Spain, May 13, 2020 /PRNewswire/ — Wallbox, the smart EV charging company, today announced the closing of a $13 million USD (€12 million) second tranche of Series A investment in early March, bringing the total Series A round to $25 million USD (€23 million). The round was led by Seaya Ventures, a Spanish venture fund… Continue reading Wallbox Completes Second Tranche Of $25M Series A Investment
AB Volvo’s Board of Directors Withdraws Proposal for Ordinary Dividend
GÖTEBORG, Sweden, May 12, 2020 /PRNewswire/ — The Board of Directors of AB Volvo has decided to withdraw the proposal to the Annual General Meeting for an ordinary dividend of SEK 5.50 per share and instead proposes that no dividend for 2019 will be paid. The Volvo Group has a strong financial position. However, there… Continue reading AB Volvo’s Board of Directors Withdraws Proposal for Ordinary Dividend
Hertz Global Holdings Reports First Quarter 2020 Financial Results
ESTERO, Fla., May 11, 2020 /PRNewswire/ –Hertz Global Holdings, Inc. (NYSE: HTZ) (“Hertz Global” or the “Company”) today reported results for its first quarter 2020. Financial results significantly impacted by COVID-19 pandemic Consolidated revenue of $1.9 billion, U.S. RAC revenue of $1.4 billion Hertz Global net loss of $356 million, Adjusted Corporate EBITDA of negative… Continue reading Hertz Global Holdings Reports First Quarter 2020 Financial Results