Category: News Type

Volkswagen expects 4.1 billion euros more in diesel-related costs by 2021

FILE PHOTO – An employee fixes a VW sign at a production line of the electric Volkswagen model ID.3 in Zwickau, Germany, February 25, 2020. REUTERS/Matthias Rietschel FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) said its diesel cheating scandal has cost it 31.3 billion euros ($34.69 bln) in fines and settlements, and the German carmaker expects costs… Continue reading Volkswagen expects 4.1 billion euros more in diesel-related costs by 2021

Renault halts Spain operations after state of emergency declared

FILE PHOTO: The logo of Renault carmaker is pictured at a dealership in Les Sorinieres, near Nantes, France, February 19, 2020. REUTERS/Stephane Mahe PARIS (Reuters) – French carmaker Renault (RENA.PA) said on Tuesday that it was halting operations in Spain following the declaration of a state of emergency there in light of the coronavirus crisis.… Continue reading Renault halts Spain operations after state of emergency declared

Model Y deliveries begin: Here’s what is new in Tesla’s EV crossover

Tesla said Monday it has started delivering the Model Y crossover to customers in the U.S., hitting a milestone one year after unveiling the prototype and six months ahead of schedule. Reports of deliveries started last week. The tweet from Tesla, which included a video of the Model Y being assembled and then hitting the… Continue reading Model Y deliveries begin: Here’s what is new in Tesla’s EV crossover

Uber, Lyft Extends Sick Leave During Coronavirus Pandemic

In response to the plea for social distancing, driver groups have also called on the companies to suspend their carpooling features.  Photo via Elvert Barnes/Flickr. In response to the coronavirus (COVID-19) pandemic, Uber and Lyft have announced new policies that will expand sick leave to drivers. according to The Verge.  Now, Uber drivers who test positive for… Continue reading Uber, Lyft Extends Sick Leave During Coronavirus Pandemic

Enterprise Reduces Rental Age for Military, Government Employees

To be eligible, customers need to show a valid military or government ID. Photo via Depositphotos. Enterprise Holdings is reducing its minimum age to rent a vehicle from 21 to 18 years old for all members of U.S. military and government employees renting for personal needs. The change is effective March 15 through the end… Continue reading Enterprise Reduces Rental Age for Military, Government Employees

@VW Group: Volkswagen Group and its brands bring 2019 to successful conclusion

The Volkswagen Group brought fiscal year 2019 to a successful conclusion with improved financial results in almost all brands. Dr. Herbert Diess, Chairman of the Board of Management of Volkswagen Aktiengesellschaft, said, “2019 was a very successful year for the Volkswagen Group. We have laid vital groundwork for all relevant changes. 2020 is a very… Continue reading @VW Group: Volkswagen Group and its brands bring 2019 to successful conclusion

Musk told Tesla employees in memo to stay home if unwell: sources

FILE PHOTO: Tesla Inc CEO Elon Musk attends an opening ceremony for Tesla China-made Model Y program in Shanghai, China January 7, 2020. REUTERS/Aly Song BEIJING (Reuters) – Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk sent employees an email on Monday telling them to stay at home if they felt ill or uncomfortable, two… Continue reading Musk told Tesla employees in memo to stay home if unwell: sources

Pitstop raises $2.5m in Series A funding led by Group Landmark

Pitstop, the Bangalore-based doorstep car service, and repairs provider has raised $2.5 million (Rs 18.56 crore) in Series A funding round, which was led by TPG Growth backed-Group Landmark. Pitstop aims to expand its services in 15 cities by end-2020 and plans to onboard over 1,000 garages and 1,500 doorstep service vans by the end-2021.… Continue reading Pitstop raises $2.5m in Series A funding led by Group Landmark