SEOUL, Korea, December 7, 2020 – Today, Genesis launched GV70, a dynamic SUV, representing the fifth model and second SUV in the Genesis lineup. The debut was conducted via worldwide broadcast of its cinematic launch film entitled “GV70: A Travelogue”. “Genesis has been striving to build a strong product lineup complemented by a curated purchase and… Continue reading @Hyundai: DYNAMIC GENESIS GV70 SUV DEBUTS ONLINE
Category: News Type
Hanon Systems Pyeongtaek Plant Produces 100 Million Compressors
SEOUL, South Korea, Dec. 7, 2020 /PRNewswire/ — Global thermal and energy management supplier Hanon Systems (KS: 018880) today announced its automotive compressor plant in Pyeongtaek has reached a milestone production level of 100 million units. The plant, which opened in 1991 and will celebrate 30 years of operation in October 2021, has shown… Continue reading Hanon Systems Pyeongtaek Plant Produces 100 Million Compressors
Australian logistics tech startup Shippit raises $22m, eyes SEA expansion
Australian commerce and logistics technology company Shippit has raised A$30 million ($22 million) in Series B funding that the firm will use to finance its Southeast Asia expansion, among others. The funding round was backed by US-based technology investment firm Tiger Global along with the investor’s local representative Jason Lenga, according to the announcement. Shippit,… Continue reading Australian logistics tech startup Shippit raises $22m, eyes SEA expansion
Amazon-backed Aurora is buying Uber’s self-driving unit despite its terrible reputation. Its CEO explains why he sees value in the troubled program. (UBER)
Aurora Innovation is buying Uber’s autonomous-vehicle unit, Uber ATG. Uber ATG’s reputation has suffered from a fatal crash and reports of internal unrest. Aurora CEO Chris Urmson told Business Insider he’s been impressed with the determination and resilience ATG’s employees have displayed. He spoke highly of ATG’s safety infrastructure, software, computing hardware, and cameras. Are… Continue reading Amazon-backed Aurora is buying Uber’s self-driving unit despite its terrible reputation. Its CEO explains why he sees value in the troubled program. (UBER)
Analyst: Ford Bronco supply chain problem points to removable tops
A lot happened within eight hours. Just after 8 a.m. Friday, a top executive at Ford Motor Co. did a presentation at the Goldman Sachs Global Automotive Conference for analysts who play a key role in shaping Wall Street opinion of stock value. “The Bronco is on track to launch in the spring,” said Hau Thai-Tang, Ford chief… Continue reading Analyst: Ford Bronco supply chain problem points to removable tops
Tesla was ordered to pay a Model S buyer $175,000 for hiding structural damage on a pre-owned car (TSLA)
A Beijing court ordered Tesla to pay $175,000 to a secondhand Model S buyer for concealing crash damage, Chinese outlet Caixin reported. The buyer discovered that parts of the car were welded together after it broke down multiple times, Caixin said. The used cars Tesla sells are supposed to exhibit “no evidence of structural repairs,”… Continue reading Tesla was ordered to pay a Model S buyer $175,000 for hiding structural damage on a pre-owned car (TSLA)
Stationary fuel cell: Bosch plans to start full-scale production in 2024
About Energy and Building Technology The Energy and Building Technology business sector accounted for 4.6 billion euros, or roughly 9 percent, of total Bosch Group sales in 2014. It offers a wide range of products, solutions, and services for heating, hot water, ventilation, air conditioning, security, and building management, power generation, and energy storage. Bosch… Continue reading Stationary fuel cell: Bosch plans to start full-scale production in 2024
Eco-conscious car subscription platform finn.auto raises $24.2M, with White Star and Zalando founders
Finn.auto — which allows people to subscribe to their car instead of owning it, and offsetting their CO₂ emissions — has raised a $24.2 million / €20 million Series A funding round. White Star Capital (which has also invested in Tier Mobility), and the Zalando co-CEOs Rubin Ritter, David Schneider and Robert Gentz, are new… Continue reading Eco-conscious car subscription platform finn.auto raises $24.2M, with White Star and Zalando founders
Uber sells self-driving unit Uber ATG in deal that will push Aurora’s valuation to $10B
Aurora Innovation, the autonomous vehicle startup backed by Sequoia Capital and Amazon, has reached an agreement with Uber to buy the ride-hailing firm’s self-driving unit in a complex deal that will value the combined company at $10 billion. Aurora is not paying cash for Uber ATG, a company that was valued at $7.25 billion following… Continue reading Uber sells self-driving unit Uber ATG in deal that will push Aurora’s valuation to $10B
Toyota announces new all-electric SUV, says it’s their ‘first step’ for battery-electric cars
Toyota announced today that they will be unveiling a new all-electric SUV in the coming months. The automaker, which has been seen as a lagger when it comes to all-electric vehicles, says that it’s their ‘first step’ for battery-electric vehicles. Toyota has yet to launch an all-electric vehicle outside of China. The Japanese automaker has… Continue reading Toyota announces new all-electric SUV, says it’s their ‘first step’ for battery-electric cars