Category: News Type

@BMW: BMW Group plans for various scenarios and can react swiftly to new developments

Munich. The BMW Group is well prepared to react swiftly and decisively at all times to new developments during the corona pandemic by systematically identifying potential scenarios. This approach is all the more important given that the BMW Group expects the consequences of the corona pandemic to constrain the operations of the entire automotive industry… Continue reading @BMW: BMW Group plans for various scenarios and can react swiftly to new developments

Uber rival Bolt aims to launch scooters in 45 cities

TALLINN, May 6 (Reuters) – Estonian ride-sharing service Bolt on Wednesday launched its own electric scooter model and said it aims to launch the scooter service in more than 45 cities this summer. Bolt, which has grabbed business from Uber mostly in major African cities and Eastern Europe, has more than 30 million users in… Continue reading Uber rival Bolt aims to launch scooters in 45 cities

Rumor: Nissan To Pull Back From Europe

We do not hear much about Nissan in the EV space in recent years, as the Japanese company really distanced itself from the electric cars after the initial push for the LEAF and e-NV200. There was a hope that with a new all-electric platform, Nissan will rebound with new models. However, after the Carlos Ghosn… Continue reading Rumor: Nissan To Pull Back From Europe

Uber CEO tells employees that it is finalizing layoffs as fears circulate among staff that 4,000 jobs will be cut (UBER)

Uber’s CEO told employees during an all-hands meeting on Tuesday that it was close to finalizing layoffs, saying that plans would be announced within two weeks. Some employees think layoffs could hit next week, with one source telling Business Insider that the company could trim 4,000, including attrition. The company has already slashed jobs at… Continue reading Uber CEO tells employees that it is finalizing layoffs as fears circulate among staff that 4,000 jobs will be cut (UBER)

Tesla improves on its ‘million-mile battery’ with less cobalt and higher energy density

Tesla has made even more battery improvements on its new ‘million-mile battery’ now with less cobalt, which could result in lower cost and even more energy density. Last year, we were the first to report on Tesla’s battery research partner, Jeff Dahn and his team at Dalhousie University, unveiling the impressive results of tests on… Continue reading Tesla improves on its ‘million-mile battery’ with less cobalt and higher energy density

Record -97.3% fall for UK new car market in April as coronavirus shuts showrooms

UK new car market falls by precipitous -97.3% in April as coronavirus crisis shuts showrooms. 4,321 new cars registered in the month as deliveries continue to frontline workers and organisations. Latest SMMT outlook expects 1.68 million new car registrations this year, the lowest since 1992. Sector calls for auto retail to be in first wave… Continue reading Record -97.3% fall for UK new car market in April as coronavirus shuts showrooms

@Toyota: Powering In-Vehicle Alerts and Enhancing Driver Safety: Our Portfolio Company Nauto Is Hiring

Image courtesy of Nauto Led by founder and CEO Stefan Heck, our portfolio company Nauto is leveraging artificial intelligence to help make roads safer. Nauto’s AI-powered Driver Behavior Learning Platform for commercial fleets uses sensors and machine learning to identify high-risk situations, like distracted driving, and alert drivers to potential collisions before they happen. By collecting… Continue reading @Toyota: Powering In-Vehicle Alerts and Enhancing Driver Safety: Our Portfolio Company Nauto Is Hiring

@Toyota: Toyota USA Foundation Builds Upon Company’s Ongoing COVID-19 Relief Efforts

Provides $2.5 Million to Address Hunger and E-Learning Programs Nationwide PLANO, Texas (May 5, 2020) – Amid growing demand for emergency relief as a result of COVID-19, the Toyota USA Foundation awarded $2.5 million in grants to a variety of nonprofits across the nation. Funds address crucial needs – particularly food assistance – in urban… Continue reading @Toyota: Toyota USA Foundation Builds Upon Company’s Ongoing COVID-19 Relief Efforts

BMW Thinks The Key To Wider EV Adoption Is Battery Price Reduction

Today, we wrote about how Benchmark Mineral Intelligence believes controlling the price of raw materials may help reduce battery prices and keep them low. That would require getting car companies involved with the mining business. We also published that recycling may help keep those prices down as well. Whether with mining or recycling, BMW believes… Continue reading BMW Thinks The Key To Wider EV Adoption Is Battery Price Reduction