Category: News Type

Indonesian ride-hailing giant Gojek expands EV trial to boost adoption

Electrum, a joint venture between Indonesian major ride-hailing firm Gojek and energy company TBS Energi Utama, is set to expand Gojek’s electric vehicle (EV) commercial trial to facilitate EV adoption in the country. Electrum, in cooperation with state-owned energy company Pertamina and Taiwanese battery-swapping electric scooter maker Gogoro, will add “thousands” of EVs into Gojek’s… Continue reading Indonesian ride-hailing giant Gojek expands EV trial to boost adoption

Cummins to Acquire Meritor

COLUMBUS, Ind. & TROY, Mich.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) and Meritor, Inc. (NYSE: MTOR) today announced that they have entered into a definitive agreement under which Cummins will acquire Meritor, a global leader of drivetrain, mobility, braking, aftermarket and electric powertrain solutions for commercial vehicle and industrial markets. Under the terms of the agreement, Cummins… Continue reading Cummins to Acquire Meritor

Motherson, Valeo to partner interior lighting solutions

Samvardhana Motherson Automotive Systems Group BV, a Motherson Group company and Valeo have signed a Memorandum of Understanding for integration of Valeo’s innovative lighting systems with Motherson’s new cabin interior modules and surfaces. This MoU sets the framework for this collaborative effort between Motherson and Valeo to create new solutions for interior lighting. By combining… Continue reading Motherson, Valeo to partner interior lighting solutions

@BMW: The first fully electric BMW xDrive system in the BMW iX and the BMW i4 M50001776

Faster, more precise, more efficient: The first fully electric BMW xDrive system in the BMW iX and the BMW i4 M50. Two engines, four driven wheels and a globally unique drive torque control system ensure optimal traction, driving stability and dynamics in every situation.Munich. More than 35 years ago, all-wheel drive provided a new form… Continue reading @BMW: The first fully electric BMW xDrive system in the BMW iX and the BMW i4 M50001776

VW in advanced talks over listing Porsche brand

Leverage our market expertise Expert insights, analysis and smart data help you cut through the noise to spot trends, risks and opportunities. Join over 300,000 Finance professionals who already subscribe to the FT. Go to Source

Abandoned burning ship ‘had $400m cargo of luxury cars’

Abandoned burning ship ‘had $400m cargo of luxury cars’ Estimate by insurers comes as Felicity Ace is ‘still assumed to remain on fire south of the Azores’ Felicity Ace’s cargo included Porsche, Audi, Bentley and Lamborghini models. Photograph: Portuguese Navy Handout/EPA Felicity Ace’s cargo included Porsche, Audi, Bentley and Lamborghini models. Photograph: Portuguese Navy Handout/EPA… Continue reading Abandoned burning ship ‘had $400m cargo of luxury cars’

Last mile delivery e-bike supplier Zoomo tacks on $20M to Series B

Zoomo, an Australian startup that builds utility e-bikes for delivery workers, has raised an additional $20 million in equity to close out its Series B round. In November, the company raised $60 million in equity and debt for its Series B, which it used to fund further software development and more vehicles to expand. The… Continue reading Last mile delivery e-bike supplier Zoomo tacks on $20M to Series B

@BMW: For the highest level of well-being in the luxury segment: the BMW i7 undergoes acoustic testing at the new FIZ North site.001775

Munich. The BMW i7 (combined power consumption: 22.5 – 19.5 kWh/100 km according to WLTP; CO2 emissions: 0 g/km; forecast based on the vehicle’s development status to date) is being developed with the aim of combining hallmark driving pleasure with a level of comfort that is in a class of its own. One key factor… Continue reading @BMW: For the highest level of well-being in the luxury segment: the BMW i7 undergoes acoustic testing at the new FIZ North site.001775

07:00 ETDana Technology Featured on 2022 North American Truck and SUV of the YearDana Incorporated (NYSE: DAN) announced today that its innovative tec…

MAUMEE, Ohio, Feb. 21, 2022 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today that its innovative technologies are featured on the 2022 Ford Maverick™ and Ford® Bronco®, the North American Truck and SUV of the Year, respectively.  “Dana has been working with Ford since it provided driveline technologies for the revolutionary Model T, and we… Continue reading 07:00 ETDana Technology Featured on 2022 North American Truck and SUV of the YearDana Incorporated (NYSE: DAN) announced today that its innovative tec…