Kia Seltos crosses 81,000 units cumulative sales mark in India since launch

Ever since its launch in India in August 2019, Kia Seltos has been the most popular SUV here.The SUV is BS6-compliant right from the time it was introduced in India and has three engine options in the form of 1.4-litre Turbo GDI petrol (140PS and 242Nm), 1.5-litre petrol (115PS and 144Nm) and 1.5-litre VGT diesel (115PS and 250Nm).The automatic transmissions available are 7-speed DCT (1.4-litre Turbo GDI petrol), IVT (1.5-litre petrol) and 6-speed AT (1.5-litre VGT diesel).

Tesla Model Y teardown: wiring and body casting impress expert

Tesla Model Y’s wiring architecture and body casting, especially at the rear, is not disappointing in the first teardown of the new electric SUV. As we reported yesterday,  Sandy Munro, a manufacturing expert who rose to fame in the Tesla community after his breakdown of an early Model 3, is doing the first teardown of… Continue reading Tesla Model Y teardown: wiring and body casting impress expert

Ford CEO Jim Hackett received $17.36 million in compensation in 2019

Ford Motor Co. CEO Jim Hackett in 2019 received $17.36 million in total compensation, the Dearborn automaker reported in a Friday filing with the Securities and Exchange Commission. Hackett’s income last year, his second full year as CEO, fell 2.2% from the $17.75 million the chief executive was paid in 2018. While Hackett’s base salary was steady at $1.8 million and his stock awards were… Continue reading Ford CEO Jim Hackett received $17.36 million in compensation in 2019

@Toyota: Toyota Quarterly Supplement for Takata Recall Remedy First Quarter 2020

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@Toyota: Toyota Green Energy Established to Conduct Renewable Energy Power Generation Business

Toyota Motor Corporation (Toyota; head office: Toyota City; President and Representative Director: Akio Toyoda), Chubu Electric Power Co., Inc. (Chubu Electric Power; head office: Nagoya City; President & Director: Kingo Hayashi), and Toyota Tsusho Corporation (Toyota Tsusho; head office: Nagoya City; President & CEO: Ichiro Kashitani) concluded an agreement today to establish Toyota Green Energy… Continue reading @Toyota: Toyota Green Energy Established to Conduct Renewable Energy Power Generation Business

@Toyota: Toyota Motor Corporation, Chubu Electric Power and Toyota Tsusho Corporation Establish Renewable Energy Business in Japan

Toyota Motor Corporation (head office: Toyota City; President and Representative Director: Akio Toyoda), Chubu Electric Power Co., Inc. (head office: Nagoya City; President & Director: Kingo Hayashi), and Toyota Tsusho Corporation (head office: Nagoya City; President & CEO: Ichiro Kashitani) have concluded an agreement to establish Toyota Green Energy LLP (Toyota Green Energy) to obtain… Continue reading @Toyota: Toyota Motor Corporation, Chubu Electric Power and Toyota Tsusho Corporation Establish Renewable Energy Business in Japan

Toyota halts Japan production as carmakers slam on the brakes

TOKYO — Toyota Motor suspended production at five plants across Japan on Friday, joining the ranks of automakers throughout the world that have been forced to do the same as the coronavirus pandemic stifles sales.  However, Japan’s largest automaker said it hopes its strong cash position can help it endure the pain. “I have said multiple times… Continue reading Toyota halts Japan production as carmakers slam on the brakes

Kongberg Automotive Press Release – Business Update April 3, 2020

Fri, Apr 03, 2020 07:00 CET Please find a press release with a business update attached. Kongsberg Automotive provides world class products to the global vehicle industry. Our products enhance the driving experience, making it safer, more comfortable and sustainable. With revenues of approx. EUR 1.1 billion and approximately 11.000 employees in 19 countries, Kongsberg… Continue reading Kongberg Automotive Press Release – Business Update April 3, 2020

Phantom AI Raises $22M in Series A Funding

Phantom AI, a Burlingame, Calif.-based developer of a vehicle-agnostic autonomous driving platform, raised $22m in Series A financing . The round, which brought the total capital raised to date to $27m, was led by Celeres Investments with participation from Ford Motor Company and KT (Korea’s largest telco) and existing investors Millennium Technology Value Partners and… Continue reading Phantom AI Raises $22M in Series A Funding