Author: World_Newz Mon

World NM: Ouster, maker of self-driving tech, agrees $1.9 billion deal to go public000641

Ouster Inc, a U.S. startup that makes lidar sensors for self-driving cars and smart cities. The deal values San Francisco-based Ouster at around $1.9 billion and makes it the fifth lidar manufacturer this year to agree a SPAC merger to go public, following on from Velodyne Lidar Inc, Luminar, Innoviz and Aeva. SPACs like Colonnade… Continue reading World NM: Ouster, maker of self-driving tech, agrees $1.9 billion deal to go public000641

World NM: Debt-laden SsangYong Motor files for court receivership000637

Financially-troubled SsangYong Motor Co. said Monday it has filed for court receivership as it struggles with snowballing debts amid the COVID-19 pandemic. In 2011, Mahindra acquired a 70 percent stake in SsangYong for 523 billion won and now holds a 74.65 percent stake in the carmaker. If Samjong gives no opinion on SsangYong’s annual financial… Continue reading World NM: Debt-laden SsangYong Motor files for court receivership000637

World NM: Hyundai JV, Lyft to launch driverless U.S. robotaxi services in 2023000625

In October, Motional partnered with U.S. on-demand shuttle startup Via to launch a shared robotaxi service in the U.S. next year. In the partnership, Motional’s self-driving vehicles will serve as on-demand, shared robotaxies based on Via technology that covers booking, passenger and vehicle assignment and identification, and fleet management. Motional, headquartered in Boston, plans to… Continue reading World NM: Hyundai JV, Lyft to launch driverless U.S. robotaxi services in 2023000625

World NM: Fiat Chrysler setting up $150 million global digital hub in Hyderabad000623

Automotive major Fiat Chrysler Automobiles (FCA) is setting a global digital hub in Hyderabad with an investment of $150 million. The global digital hub will serve as a transformation and innovation engine for FCA and drive global IT strategy and deliver excellence through a robust platform, technology and service centres of excellence. The global digital… Continue reading World NM: Fiat Chrysler setting up $150 million global digital hub in Hyderabad000623

World NM: Hyundai Motor promotes domestic sales biz head to CEO000618

Hyundai Motor Group, South Korea’s second-largest conglomerate, on Tuesday named the new CEO for its flagship unit in its latest senior executive reshuffle focusing on future growth. The automotive titan promoted Chang Jae-hoon, an executive vice president who led Hyundai Motor Co.’s domestic sales business and its luxury marquee Genesis, to president and CEO of… Continue reading World NM: Hyundai Motor promotes domestic sales biz head to CEO000618

World NM: Israeli company imports electric cars from Chinese automaker DFSK000615

JERUSALEM, Dec. 14 (Xinhua) — Israeli car dealership Talcar Motors said Monday that it started to import electric cars from Chinese car maker DFSK. According to the importer, the first shipment of Seres 3 car model from China is on its way to Israel, and the sale will begin in the first quarter of 2021.… Continue reading World NM: Israeli company imports electric cars from Chinese automaker DFSK000615

World NM: Li Auto sets no date for electric project000611

Nasdaq-listed startup Li Auto is conducting “pre-research” on pure electric cars, but the extended-range vehicle maker said on Thursday there is not a deadline when it will go ahead. Its pure electric vehicles will be manufactured based on the next generation of electric technologies, which are expected to include super-fast charging technology, high-voltage charging platforms… Continue reading World NM: Li Auto sets no date for electric project000611

World NM: Master Changan Motors unveils all-new Changan Alsvin000605

KARACHI-Master Changan Motors Limited unveiled the latest generation, Pakistan’s first Euro-5 Smart sedan car, the Changan Alsvin, at a press conference held in Karachi on Friday at a hotel. Alongside this, the car has 1.5 litres 5-speed Dual-Clutch Automatic Transmission (DCT); and at the top of the line, will be the luxurious “Lumiere” edition with… Continue reading World NM: Master Changan Motors unveils all-new Changan Alsvin000605