What will the future of driving look like? How will humans interact with their vehicles as technology incorporated into vehicles evolves? On average, people spend one hour every day in their vehicles. And while people generally enjoy their digital life to the fullest at home and at their destination, the time in transit is generally… Continue reading @FaradayFuture: Building The Third Internet Living Space
Category: Official Press Release
Allison Transmission Declares Quarterly Dividend
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission Holdings Inc. (NYSE: ALSN), the largest global manufacturer of medium- and heavy-duty fully automatic transmissions and a supplier of commercial vehicle propulsion solutions, including electric hybrid and fully electric propulsion systems, today announced that its Board of Directors has declared a cash dividend of $0.17 per share on the Company’s common stock… Continue reading Allison Transmission Declares Quarterly Dividend
@GM: Baojun Launches RC-5 and RC-5W
Baojun Launches RC-5 and RC-5W 2020-08-11 SHANGHAI – Baojun has launched the RC-5 sedan and RC-5W wagon featuring a choice of a 1.5L naturally aspirated engine or a 1.5L turbocharged engine. Baojun’s trendy high-energy interstellar geometry design language, which combines aesthetic design with practical functions, and the brand’s diamond logo define the exteriors of both… Continue reading @GM: Baojun Launches RC-5 and RC-5W
Uber: Can Employees Really Work However They Want?
by Alison Stein, Economist at Uber On August 10, Uber CEO Dara Khosrowshahi wrote an op-ed in the New York Times, proposing that the U.S. employment system be updated to require gig platform companies like Uber to pay for new benefits and grant new protections to drivers. One of his key arguments was that today’s system forces… Continue reading Uber: Can Employees Really Work However They Want?
China Automotive Systems Reports 2020 Second Quarter Unaudited Financial Results
WUHAN, China, Aug. 14, 2020 /PRNewswire/ — China Automotive Systems, Inc. (“CAAS” or the “Company”) (NASDAQ: CAAS), a leading power steering components and systems supplier in China, today announced its unaudited financial results for the second quarter and six months ended June 30, 2020. Second Quarter 2020 Highlights Net sales were $83.2 million as compared… Continue reading China Automotive Systems Reports 2020 Second Quarter Unaudited Financial Results
@Geely: First look at the Geely Preface
Sports orientated sedan will reset the clock on Geely Auto performance Second vehicle to use Geely-Volvo jointly developed CMA architecture Confirmed launch for fourth quarter of 2020 August 14th 2020, Hangzhou, China. Geely Auto (Geely) today unveiled the Geely Preface, a forthcoming flagship sedan that will be based on Geely Holding Group’s award winning Compact… Continue reading @Geely: First look at the Geely Preface
CarParts.com Announces Pricing of Public Offering of Common Stock
TORRANCE, Calif., Aug. 13, 2020 /PRNewswire/ — CarParts.com, Inc. (NASDAQ: PRTS) (“CarParts.com”), one of the leading e-commerce providers of automotive parts and accessories, today announced the pricing of an underwritten public offering of 6,000,000 shares of its common stock at a price to the public of $13.00 per share. Of the shares being offered, 4,000,000 are being offered by… Continue reading CarParts.com Announces Pricing of Public Offering of Common Stock
@Ford: As Bronco Turns 55 Years Old, Ford Celebrates with All-New Bronco Adventure Concepts, First Off-Roadeo Location and Baja Race Plans
First Bronco family adventure concepts show how hundreds of factory-backed accessories make Bronco two-door, four-door and Bronco Sport personalization, performance and off-road utility easy and more affordable First of four Bronco Off-Roadeo locations announced; Austin, Texas, location opening in summer 2021 offers an off-roading adventure playground for beginners and expert off-roaders As Bronco brand’s extreme… Continue reading @Ford: As Bronco Turns 55 Years Old, Ford Celebrates with All-New Bronco Adventure Concepts, First Off-Roadeo Location and Baja Race Plans
@Daimler: 13. Aug 2020U.S. proceedings with respect to diesel: Daimler reaches agreements in principle for settlements
August 13, 2020 – Daimler AG and its subsidiary Mercedes-Benz USA LLC (MBUSA) have reached an agreement in principle with various U.S. authorities to settle civil and environmental claims regarding emission control systems of approx. 250,000 diesel passenger cars and vans in the United States. The involved U.S. authorities are the Environmental Protection Agency (EPA),… Continue reading @Daimler: 13. Aug 2020U.S. proceedings with respect to diesel: Daimler reaches agreements in principle for settlements
@McLaren: McLaren North America celebrates its 7,500th car milestone in the US
13 Aug 2020 McLaren Automotive delivers its 7,500th car in the US market: a McLaren Speedtail The North American market continues to lead as the company’s largest single market with over a third of the global volume Continued sales growth since McLaren imported first car into the US in December 2011 McLaren North America has… Continue reading @McLaren: McLaren North America celebrates its 7,500th car milestone in the US