Electric vehicles, telematics, and contactless rentals are three key areas to watch that present potential threats from within. Photo: Canva You can’t beat a global pandemic to appreciate the value of a rental car. Forgive me for the flippant statement, but I’m being provocative to make a point. Hertz just posted revenue per unit, per… Continue reading What Does the New Normal Look Like for Car Rental?
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Affirma Capital, Marina III divest stake in India’s Craftsman AutomationMarina III divested its entire stake of 5.48% in Craftsman Automation Ltd for …
Singapore-based buyout firm Affirma Capital and private equity firm Marina III Singapore Pte have divested their stake in Indian automotive components company Craftsman Automation Ltd. Marina III divested its entire stake of 5.48% in Craftsman Automation Ltd for $44.9 million (Rs 370 crore), show bulk data from India’s stock exchange operator. Go to Source
Uber launches Level Four self-driving taxis in Las Vegas
Uber has partnered with American start-up Motional to launch a public robotaxi service in the US city of Las Vegas. The service uses a fleet of Hyundai Ioniq 5 electric SUVs modified by the Korean car maker and Motional to be safe, reliable and cost-effective for the US market. It’s fitted with 30 exterior sensors as well as… Continue reading Uber launches Level Four self-driving taxis in Las Vegas
Volkswagen ID Buzz earns five-star NCAP score ahead of new rules
The Volkswagen ID Buzz was one of 11 cars to receive a five-star Euro NCAP safety rating in December in the organisation’s final round of testing before new regulations come into effect next year. Volkswagen’s reborn version of the famous microbus achieved 92% for adult occupant protection, 87% for child occupants and 90% for safety… Continue reading Volkswagen ID Buzz earns five-star NCAP score ahead of new rules
Alfa Romeo Giulia TZ returns for 60th anniversary
Alfa Romeo will revive the classic Giulia TZ in a collaboration with famed design house Zagato – responsible for the original sports coupé. Previewed in a short clip posted to social media by Zagato, the new model’s rear light bar mimics the shape of the original Giulia Zagato TZ race cars of the 1960s. The… Continue reading Alfa Romeo Giulia TZ returns for 60th anniversary
2024 Mercedes C-Class: long-range EV saloon breaks cover
The first next-generation Mercedes-Benz entry-point vehicle will arrive in 2024 as a four-door CLA-sized saloon with tech from the super-efficient Mercedes Vision EQXX concept. Confirmed to Autocar by the brand’s head of exterior design, Robert Lesnik, the currently unnamed car will be the first released under the marque’s “entry luxury” branding and be around 4.7m long. It is essentially an… Continue reading 2024 Mercedes C-Class: long-range EV saloon breaks cover
Roadtripping with (and camping in) the Rivian R1S
Let’s be clear: I hate the desert. In spite of competing in last year’s Rebelle Rally and spending a full 10-days completely off the grid, camping, competing, navigating and driving offroad in the Nevada and California deserts with 150 other women, I still dislike it. Add in a harrowing 60-mile-per-hour haboob or two, heat that… Continue reading Roadtripping with (and camping in) the Rivian R1S
Autonomous and electric truck company Einride raises $500M in equity and debt
Einride today announced a $500 million tranche of financing as it looks to expand its autonomous and electric trucks into new markets globally. The cash injection constitutes an equity-based $200 million Series C portion from backers including Northzone, EQT Ventures, Temasek, Swedish pension fund AMF, Polar Structure, and Norrsken VC. Additionally, the Swedish company said… Continue reading Autonomous and electric truck company Einride raises $500M in equity and debt
Uber and Motional launch robotaxi service in Las Vegas
Uber and Motional, the Hyundai-Aptiv joint venture focused on commercializing self-driving technology, have launched a robotaxi service in Las Vegas — the first step in the companies’ 10-year plan to co-scale across major North American cities, which was announced in October. While Motional has already launched similar services in Las Vegas on both the Lyft… Continue reading Uber and Motional launch robotaxi service in Las Vegas
Greater transparency expected in automotive manufacturing
A new study has revealed a high demand for knowing the origin and sustainability level of materials and parts in automotive manufacturing, as well as receiving an end-to-end view of the manufacturing process. Zebra Technologies Corporation has released the findings of its Automotive Ecosystem Vision Study which confirmed automotive manufacturers are under pressure to accommodate growing… Continue reading Greater transparency expected in automotive manufacturing