Detroit Engineered Products (DEP), the leading engineering solutions and product development company, with footprints in Europe, China, Korea, Japan, and India, is betting big on the Indian marketplace. The company, recently showcased the technology prototype of its electric scooter, which has an extended range of 150km and a maximum speed of 80kph earlier this month,… Continue reading Exclusive: Detroit Engineered Products plans big-ticket investment in India, reveals prototype electric scooter
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Aston Martin to enter F1 from 2021 under £500m rescue deal
Aston Martin Lawrence Stroll’s consortium to invest £182m and his Racing Point team will be rebranded The billionaire Lawrence Stroll is leading a consortium that will invest £182m in return for 16.7% of Aston Martin, which will also launch a £318m rights issue. Photograph: Arnd Wiegmann/Reuters Aston Martin has agreed a £500m equity rescue deal… Continue reading Aston Martin to enter F1 from 2021 under £500m rescue deal
Rollout of smart motorways put on hold amid safety concerns
Transport policy Investigation finds 38 people killed on smart motorways in the past five years Grant Shapps has said there will be no new stretches of smart motorway until the government has completed its review. Photograph: Martin Godwin/The Guardian A national rollout of smart motorways has been put on hold by transport secretary, Grant Shapps,… Continue reading Rollout of smart motorways put on hold amid safety concerns
Jaguar Land Rover’s Ralf Speth to quit as £1.1bn cuts announced
Jaguar Land Rover Chief executive to step down in September as company reveals 2.8% year-on-year revenue rise Jaguar Land Rover’s CEO, Ralf Speth, who is stepping down in September, said the cost cuts would create ‘a more robust, resilient business’. Photograph: Toby Melville/Reuters Jaguar Land Rover has launched a £1.1bn round of cost cuts as… Continue reading Jaguar Land Rover’s Ralf Speth to quit as £1.1bn cuts announced
Tesla releases new video of what Autopilot can see, Cybertruck simulation and more
Tesla has released a new video of what Autopilot’s neural net can see as well as new images of other systems powering Autopilot including a simulator with a Tesla Cybertruck in it and more. If we are to believe Elon Musk, 2020 is going to be the year Tesla releases its full self-driving system built… Continue reading Tesla releases new video of what Autopilot can see, Cybertruck simulation and more
Japan’s TDK Ventures invests in air mobility firm AutoFlightX
TDK Ventures, the corporate venture arm of Japanese electronics firm TDK Corporation, has invested an undisclosed amount in AutoFlightX, an electric air mobility company headquartered in Munich, Germany and with R&D centres in Shanghai and Shenzhen. AutoFlightX, which started in February 2018, is involved in the development, production, sales, and operation of electric vertical take-off… Continue reading Japan’s TDK Ventures invests in air mobility firm AutoFlightX
UPDATE 1-Hyundai Motor to suspend some SUV output in S.Korea as virus disrupts supplies
FILE PHOTO: The logo of Hyundai Motors is seen on a steering wheel of a all-new Sonata sedan on display at the company’s headquarters in Seoul, South Korea, March 22, 2019. REUTERS/Kim Hong-Ji SEOUL (Reuters) – Hyundai Motor (005380.KS) said on Friday it planned to skip South Korean production of its Palisade sport utility vehicle… Continue reading UPDATE 1-Hyundai Motor to suspend some SUV output in S.Korea as virus disrupts supplies
Aston Martin strikes rescue deal with Formula 1 billionaire
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Skoda sets up DigiLab in Pune to develop digital and mobility solutions for India 2.0 project
Skoda Auto has founded its fourth global DigiLab unit in Pune. It will work closely with the car manufacturer’s innovation hubs in the Czech Republic, Israel and China Skoda Auto has set its fourth global DigiLab unit in Pune, essentially to support the core business of Skoda Auto Volkswagen India by developing digital and mobility… Continue reading Skoda sets up DigiLab in Pune to develop digital and mobility solutions for India 2.0 project
Lexus begins local assembly of ES 300h in India
Japanese luxury car manufacturer Lexus today reaffirmed announcing it has begun local production of the ES 300h model in India. The first locally produced model is set to be available in India from February 2020, marking the first such operations since the company’s debut in India in March 2017. “This new chapter is significant for… Continue reading Lexus begins local assembly of ES 300h in India