Category: News Type

Uber and new CEO Dara Khosrowshahi are the big winners of the Waymo trial fiasco

With the settlement between Waymo and Uber, Dara Khosrowshahi has cleaned up one of the ugliest lawsuits the company faced, full of bad blood. This was a face-saving gesture for both companies. Waymo gets a payment, but under terms that Uber’s board could swallow. Khosrowshahi gets to take credit for eliminating another big hurdle as he… Continue reading Uber and new CEO Dara Khosrowshahi are the big winners of the Waymo trial fiasco

Uber and Waymo Reach $245M Settlement in Driverless Tech Lawsuit

After months of breathless anticipation and a week of bro-tastic testimony, the Waymo v. Uber lawsuit, in which Google’s driverless tech arm sued the ride-hailing pioneer over allegedly stolen autonomous vehicle technology, is over. In a surprise move, Uber announced today that it has settled with Waymo, offering the company 0.34 percent of Uber’s equity at its current… Continue reading Uber and Waymo Reach $245M Settlement in Driverless Tech Lawsuit

Groupe PSA acquires a controlling interest in Jian Xin, a Chinese automotive spare parts distributor

With this acquisition, Groupe PSA will be able to accelerate the rollout of its aftermarket offering in China by rapidly establishing its position in the market, which represents 130 million vehicles. Created more than 20 years ago, Jian Xin is currently the leading spare parts distributor in the Shanghai region. Every year, it sells more… Continue reading Groupe PSA acquires a controlling interest in Jian Xin, a Chinese automotive spare parts distributor

Exclusive: Renault’s Mueller quits, clearing CEO succession path – sources

PARIS (Reuters) – Renault’s (RENA.PA) Chief Performance Officer Stefan Mueller is leaving the company, sources told Reuters on Friday – likely clearing the way for rival candidate Thierry Bollore to be named second-in-command and eventual successor to CEO Carlos Ghosn. Bollore, currently chief competitive officer, had been vying with Mueller for promotion in the succession… Continue reading Exclusive: Renault’s Mueller quits, clearing CEO succession path – sources

The man who trains Tesla’s workforce reveals how his job goes beyond staffing production lines (TSLA)

Andre Rivera is a 20-year veteran of the auto industry who now oversees training for Tesla. He got his start in the business when General Motors and Toyota owned what’s now Tesla’s factory. To him, Tesla is completely rethinking what a car can be. Editor’s note: Business Insider had the chance to speak with four… Continue reading The man who trains Tesla’s workforce reveals how his job goes beyond staffing production lines (TSLA)

China Digest: Farasis Energy raises $790m, Codoon secures $20m

February 9, 2018 Venture capital and private equity firms in China continue to invest in the country’s tech firms, with Farasis Energy and Codoon raising fresh funds recently, according to a China Money Network report. China Venture Capital backs Farasis Energy’s $790m Series C Farasis Energy (Ganzhou), a Chinese lithium-ion battery company headquartered in California,… Continue reading China Digest: Farasis Energy raises $790m, Codoon secures $20m

A new ‘ultra fast’ electric car charging network in Europe receives backing from Renault-Nissan

Europe is starting to get more than its fair share of electric car fast-charging networks – making the rest of the EV world jealous and now we learn of again a new one as French automaker Renault announces its backing of the project. Home Solar Power The network, called E-VIA FLEX-E, was actually announced in December, but… Continue reading A new ‘ultra fast’ electric car charging network in Europe receives backing from Renault-Nissan

Tata Motors Group global wholesales at 114,797 in January 2018

The Tata Motors Group global wholesales in January 2018, including Jaguar Land Rover, were at 114,797 nos., higher by 20%, over January 2017. Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in January 2018 were at  44,828 nos., higher by 32%, over January 2017. Global wholesales of all passenger vehicles in… Continue reading Tata Motors Group global wholesales at 114,797 in January 2018

2018:THE WORLD IS MOVING IN RIVERSIMPLE’S DIRECTION

Air pollution concerns have really brought the need for clean cars to the fore. Now that combustion-engined vehicles have a ‘Sell By’ date of 2040, there is much greater focus on practical and viable alternatives and the question of scale is surfacing. What are the 34 million cars in the UK alone going to be… Continue reading 2018:THE WORLD IS MOVING IN RIVERSIMPLE’S DIRECTION