Category: News Type

Electric moped startup Revel launches an EV charging business

Revel, the shared electric moped startup, is building a DC fast-charging station for electric vehicles in New York City, the first in a new business venture that will eventually spread to other cities. The company said Wednesday that this new “Superhub,” which is located at the former Pfizer building in Brooklyn, will contain 30 chargers… Continue reading Electric moped startup Revel launches an EV charging business

Amazon begins testing customer deliveries using Rivian electric vans

Amazon has started making deliveries to customers in Los Angeles using electric vans designed and built by Rivian. The electric vans, which are part of Amazon’s 2040 climate pledge, won’t go into series production until the end of the year, according to an update Wednesday by the company. Amazon declined to reveal how many electric… Continue reading Amazon begins testing customer deliveries using Rivian electric vans

Uber: Uber Eats Launches Eat Local: A Renewed Commitment to US Local Merchants

SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced its Eat Local campaign, renewed efforts to support independent restaurant owners and operators in 2021 as the industry continues to face COVID-related challenges. “We’re here for restaurants at Uber Eats—as we have been since the start of the health crisis,” said Stephane Ficaja, head of Uber… Continue reading Uber: Uber Eats Launches Eat Local: A Renewed Commitment to US Local Merchants

Insurance rates based on where, when, and how you drive with HERE and Movingdots

More than help drivers when an accident occurs, companies like Movingdots are trying to reduce the number of overall accidents by putting data to work. “Insurance and reinsurance are essential in society as they take away the uncertainty… of an [accidental] event in exchange for a premium,” explains co-CEO of Movingdots, Donato Genovese. But, too often,… Continue reading Insurance rates based on where, when, and how you drive with HERE and Movingdots

Veoneer: Financial Report October – December 2020

STOCKHOLM, Feb. 3, 2021 /PRNewswire/ — Financial Summary – Q4’20             Financial performance better than expectations              Net Sales $455 million, Organic Sales1 increase 17%             Active Safety Net Sales increase 38%, Organic Sales increase 31%              Operating cash flow $(77) million, $27 million improvement YoY              Cash balance $758 million Outlook – FY’21              Organic Sales1  growth YoY is expected to… Continue reading Veoneer: Financial Report October – December 2020

Mando agrees to acquire Mando Hella Electronics (MHE) and expects synergy in the autonomous driving business

SEOUL, South Korea, Feb. 3, 2021 /PRNewswire/ — On February 3rd, Mando, a leading company in automotive parts, has signed a share purchase agreement (SPA) to acquire 100% of the equity in MHE, a joint venture between Halla Holdings of Korea and HELLA. MHE, founded in 2008, is a joint venture between Halla Holdings, the… Continue reading Mando agrees to acquire Mando Hella Electronics (MHE) and expects synergy in the autonomous driving business

@Renault: LADA: sales results for January000165

In January 2021, 21,857 LADA passenger cars and LCVs were sold in Russia, which is 0.3% higher than the result of the first month of 2020.The sales of LADA Granta and LADA Vesta amounted to 7,720 and 6,347 vehicles respectively. These two families are traditionally the leaders in terms of sales among other LADA cars.… Continue reading @Renault: LADA: sales results for January000165

EU car sales: COVID recovery expected to start in 2021, auto industry says

Brussels, 3 February 2021 – After a year that saw the sharpest drop ever in EU car sales due to the COVID-19 pandemic, the European Automobile Manufacturers’ Association (ACEA) forecasts that 2021 will mark a first step on the path to recovery, with sales rising by about 10% compared to 2020. The fallout of COVID… Continue reading EU car sales: COVID recovery expected to start in 2021, auto industry says

German Manager Magazin: Chinese automaker FAW wants to buy BMW partner Brilliance000545

According to insiders, the second largest Chinese car manufacturer FAW is reaching for the local one BMWPartner Brilliance. The state-owned FAW Group, which also works with Volkswagen and Audi Cars produced for the Chinese market could spend around six billion euros on a proposed takeover, reports the news agency Reuters on Wednesday exclusively. The agency… Continue reading German Manager Magazin: Chinese automaker FAW wants to buy BMW partner Brilliance000545