The shift to sustainable truck transport is happening in many parts of the world, including Australia, where sales of electric trucks are starting to pick up. The country is committed to deliver net-zero emissions by 2050. With transport accounting for 19% of Australia’s carbon emissions, and 38% of that coming from road freight, pressure is… Continue reading Volvo bags record order for electric trucks in Australia
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Volvo bags record order for electric trucks in Australia
The shift to sustainable truck transport is happening in many parts of the world, including Australia, where sales of electric trucks are starting to pick up. The country is committed to deliver net-zero emissions by 2050. With transport accounting for 19% of Australia’s carbon emissions, and 38% of that coming from road freight, pressure is… Continue reading Volvo bags record order for electric trucks in Australia
Hinduja Tech acquires engineering consultancy firm Drive System Design
Hinduja Tech (HT), part of Hinduja Group and a global engineering services company, has acquired UK-based Drive System Design (DSD), an engineering consultancy known for developing innovative solutions for electrified propulsion systems. DSD currently provides advanced engineering to automotive, commercial vehicle, off-highway, defense and aviation industries from locations in the United Kingdom, the United States,… Continue reading Hinduja Tech acquires engineering consultancy firm Drive System Design
India’s nationwide 5G rollout plan could hit turbulence due to aircraft interference concerns
India just started rolling out 5G networks after much anticipation and years-long delay. Service operators expect to bring next-generation cellular connectivity to every town in the world’s second-largest wireless market by as early as the end of 2023. But while the rollout is currently at its initial phase, New Delhi last week directed telecom operators… Continue reading India’s nationwide 5G rollout plan could hit turbulence due to aircraft interference concerns
Microsoft vows to bring ‘Call of Duty’ to Nintendo consoles
Microsoft vows to bring Call of Duty to Nintendo and to continue making it available on the latter’s consoles for 10 years if its Activision Blizzard acquisition pushes through. Phil Spencer, Microsoft Gaming’s CEO, has announced the company’s commitment on Twitter, adding that “Microsoft is committed to helping bring more games to more people —… Continue reading Microsoft vows to bring ‘Call of Duty’ to Nintendo consoles
UFODrive Expands EV Rental Business
Now available in seven U.S. cities, UFODrive customers can rent electric vehicles from its mobile app. Photo: UFODrive UFODrive, an all-electric car rental service operated from an app, has continued to expand in more U.S. cities after launching in San Francisco. In addition to San Francisco, Austin, and New York, UFODrive is now operating in Boston, Las… Continue reading UFODrive Expands EV Rental Business
November Fleet Sales Up Nearly 55% YOY Amid Rebound
The automotive market is finally seeing some upward momentum in fleet sales, which is positive for the overall market. Graphic: Cox Automotive Combined sales into large rental, commercial, and government fleets were up nearly 55% year over year in November, the fifth consecutive month of double-digit, year-over-year increases, according to early estimates from Cox Automotive released… Continue reading November Fleet Sales Up Nearly 55% YOY Amid Rebound
German Handelsblatt: Auto industry: Blume’s liberation – the VW boss cashes in on the software strategy and reorganizes the group005751
VW boss Oliver Blume Blume replaced Herbert Diess at the top of VW at the beginning of September (Photo: dpa) The CEO of the car manufacturer VW, Oliver Blume, is preparing a reorganization of the company architecture. The core should be a new software strategy that should keep the group fit for the future. Blume… Continue reading German Handelsblatt: Auto industry: Blume’s liberation – the VW boss cashes in on the software strategy and reorganizes the group005751
Blackstone’s credit fund hits withdrawal limit, but investors allowed to cash outThis is the first time the fund’s redemption requests had reached the…
Blackstone Inc said redemptions from its $50-billion non-traded business development company reached its pre-set limit for the first time, but investors were still allowed to cash out on their investments. This is the first time redemption requests had reached the pre-set limit of 5% since Blackstone launched the product in January last year. It also comes after Blackstone announced last… Continue reading Blackstone’s credit fund hits withdrawal limit, but investors allowed to cash outThis is the first time the fund’s redemption requests had reached the…
India Digest: Moglix eyes $100-150m funding; Investcorp may invest in Wakefit
Moglix is in discussions to raise $100-150 million from new and existing investors, while Investcorp is close to leading a $45-million funding round in Wakefit, Mint reported. Kimera could lead Moglix’s round B2B e-commerce platform for manufacturing goods, Moglix, is in discussions to raise $100-150 million from new and existing investors in a fresh round… Continue reading India Digest: Moglix eyes $100-150m funding; Investcorp may invest in Wakefit