Category: News Type

EU outlines €43 billion plan to fix Europe’s chip shortage

The European Union has outlined an ambitious new industrial policy that aims to make the bloc a significant player in the global semiconductor industry. The European Chips Act, adopted this week by the EU Commission, bundles together €43 billion ($49 billion) in public and private funding for the sector, with an end-goal of doubling the… Continue reading EU outlines €43 billion plan to fix Europe’s chip shortage

Alfa Romeo’s new SUV comes with an NFT for some reason

The Alfa Romeo Tonale SUV is the “first car on the market” to come with an NFT digital certificate, that the Italian automaker says will increase the car’s residual value. How? Well, that’s not exactly clear, but it involves recording information from the car’s electronic system to the blockchain as proof that a car has… Continue reading Alfa Romeo’s new SUV comes with an NFT for some reason

January Fleet Sales Fall 48% Month Over Month

January 2022 fleet sales took a backseat to the retail market. Source: Cox Automotive analysis of Bobit data Manufacturers prefer the retail over fleet market for now, with sales into large fleets falling 48% month over month in January to 97,707 units, according to Cox Automotive numbers released Feb. 8. Combined sales into large rental,… Continue reading January Fleet Sales Fall 48% Month Over Month

@Honda: We announced financial results for FY22 3Q

FY2015 Financial Results Presentation (Amendment)[PDF : 794KB] * Summary of consolidated financial results for the fiscal year ended March 31, 2015, released on April 28, 2015, recognizing the effects of subsequent events. Please refer to the underlined items of the attached documents for details of the amendment. Go to Source

China’s New Energy Vehicles market may have crossed a turning point as sales zoom

Premium China’s new-energy vehicle (NEV) industry set records in 2021. The country produced 3.54 million NEVs, including battery-electric cars and plug-in hybrids, and sold 3.52 million of them. Sales were up 181% from 2020 and exceeded the total of the previous three years. In 2021, NEVs made up 15.7 % of the country’s car market.… Continue reading China’s New Energy Vehicles market may have crossed a turning point as sales zoom

Shared mobility company GoTo Global is going public through a shell company merger

GoTo Global, an Israeli mobility company that offers shared micromobility and car-sharing services in Spain, Israel, Malta and Germany, is going public on the Tel Aviv Stock Exchange (TASE) through a merger with shell company Nera Tech Media. The merger is expected to close in early April, which will initially give GoTo access to the… Continue reading Shared mobility company GoTo Global is going public through a shell company merger

Lyft’s revenue growth masks active riders slippage

U.S. ride-hailing company Lyft dropped its fourth-quarter financial results Tuesday, a report that showed a mixed bag of growth — that in the area of active riders failed to meet analysts’ expectations. The public company had Q4 2021 revenues of $969.9 million, up around 70% from its year-ago quarter that was hit hard by the… Continue reading Lyft’s revenue growth masks active riders slippage