Category: News Type

Bosch and CATL collaborate on battery cells

Mobility Solutions is the largest Bosch Group business sector. In 2018, its sales came to 47.6 billion euros, or 61 percent of total group sales. This makes the Bosch Group one of the leading automotive suppliers. The Mobility Solutions business sector pursues a vision of mobility that is accident-free. emissions-free, and fascinating, and combines the… Continue reading Bosch and CATL collaborate on battery cells

Superside Raises $3.5M in Funding

Superside (formerly known as Konsus), a Palo Alto, Calif.–based always-on design company that delivers top quality creative projects at scale to enterprise teams, raised $3.5M in funding. The round was led by Freestyle Capital, with participation from High Alpha Ventures, Y Combinator, and Alliance Ventures. The company intends to use the capital to continue to… Continue reading Superside Raises $3.5M in Funding

Tesla’s insurance program will use direct driver data where it can with permission, exec says

Tesla is only dipping its toes into the market with its new insurance program launched last month. The head of Tesla’s insurance program said that the automaker plans to use direct driver data where it can with permission from the owners as it expands the program. Last month, Tesla launched its own insurance program –… Continue reading Tesla’s insurance program will use direct driver data where it can with permission, exec says

BMW labor chief says he expects global demand to recover

Elisabeth Behrmann, Bloomberg Published 9:28 a.m. ET Sept. 5, 2019 | Updated 9:31 a.m. ET Sept. 5, 2019 BMW AG’s top labor representative is batting away gloomy predictions for the industry, saying he expects global demand to recover and the luxury carmaker’s output to jump by as much as a fifth over the next few… Continue reading BMW labor chief says he expects global demand to recover

Brazil and Argentina to sign auto agreement on Friday: Brazil ministry

BRASILIA (Reuters) – Brazil and Argentina will sign an auto agreement on Friday, Brazil’s Economy Ministry said in a statement on Thursday, without providing any further information. Brazilian auto exports to Argentina, the largest foreign market for its cars, were down almost 40% in the first seven months of 2019 compared to a year ago,… Continue reading Brazil and Argentina to sign auto agreement on Friday: Brazil ministry

Dealers urged to stay focused on used cars in September

Dealers should maintain a focus on used cars during the September plate change as searches for part-exchange values increase in the preceding weeks. Data from Honchō shows that in both August and September there was a 57% rise in searches for the term “part-exchange” since 2015. It also advises dealers to retain some of their… Continue reading Dealers urged to stay focused on used cars in September

GM CEO Barra calls meeting with Trump ‘productive and valuable’

WASHINGTON (Reuters) – General Motors (GM.N) Chairman and Chief Executive Officer Mary Barra said her face-to-face session with U.S. President Donald Trump on Thursday was “productive and valuable,” but declined to offer specifics. General Motors Chief Executive Mary Barra departs after meeting with U.S. President Donald Trump at the White House in Washington, U.S., September… Continue reading GM CEO Barra calls meeting with Trump ‘productive and valuable’

Auto sector slowdown may wipe out a million jobs: SIAM

The automobile retail has witnessed around 200,000 job losses. NEW DELHI: A million contractual manufacturing jobs are at risk due to the consumption slowdown, Society of Indian Automobile Manufacturers (SIAM) President Rajan Wadhera said, here on Thursday. The slowdown has forced the value-chain operators across the automobile industry to reduce production and downsize workforce. Speaking… Continue reading Auto sector slowdown may wipe out a million jobs: SIAM

Volkswagen Received More Than 30,000 Reservations For ID.3 1ST

More than 30,000 customers pre-booked the ID.3 1ST. The first will be delivered in mid-2020. Volkswagen announced that it finally reached its goal of 30,000 reservations for the 1ST launch edition of the ID.3. The target was to collect 30,000 by the world premiere at the Frankfurt Motor Show and exactly that’s what was accomplished,… Continue reading Volkswagen Received More Than 30,000 Reservations For ID.3 1ST