Category: News Site

Berlin’s Blacklane raises $40-45M for its high-end transport on demand service

Transportation-on-demand startups betting on growth by homing in on specific market segments continue to play strong with both investors and customers looking for alternatives to traditional taxis and Uber. Today, Blacklane, a Berlin-based business that offers limousines and other high-end cars for airport and other medium-length journeys, is announcing that it has raised a significant… Continue reading Berlin’s Blacklane raises $40-45M for its high-end transport on demand service

China fuel economy rules set to drive EV production 

Keep abreast of significant corporate, financial and political developments around the world. Stay informed and spot emerging risks and opportunities with independent global reporting, expert commentary and analysis you can trust. Choose the subscription that is right for you Read more For 4 weeks receive unlimited Premium digital access to the FT’s trusted, award-winning business… Continue reading China fuel economy rules set to drive EV production 

Elon Musk’s second LA tunnel faces criticism from local government

Elon Musk’s Boring Company hasn’t finished digging its first LA-area tunnel, but it’s already talking about a second… and it’s facing some resistance. The startup has pitched Culver City’s council on a 6.5-mile “proof of process” tunnel between the town and LA that would gauge its ability to build across jurisdictions, which is rather vital… Continue reading Elon Musk’s second LA tunnel faces criticism from local government

BMW and Daimler close to merging car-sharing units – executive

BERLIN (Reuters) – German carmakers Daimler (DAIGn.DE) and BMW (BMWG.DE) are close to agreeing to combine their car-sharing services Car2Go and DriveNow, a senior executive at one of the carmakers told Reuters on Tuesday. The merger talks are in the final stages and the combined company will be independently run, with BMW and Daimler as… Continue reading BMW and Daimler close to merging car-sharing units – executive

Opel: temporary workers should be replaced by workers from Poland

Opelwerk in Russelsheim The French auto company PSA had already announced last November, a recovery plan for the acquired carmaker Opel. (Photo: Reuters) The carmaker Opel replaces an unknown number of temporary workers at its Rüsselsheim headquarters by regular employees from the Polish site in Gliwice. The plant there is currently only weakly utilized, so… Continue reading Opel: temporary workers should be replaced by workers from Poland

Aston Martin DB11 recalled due to Daimler steering column issue

Aston Martin is recalling 3973 DB11s in order to fix a potential issue with their steering column upper that could cause unintended firing of the airbag. The affected part, a clock spring in the steering column that can break, is supplied by Daimler thanks to the company’s tech tie-up with Aston Martin. If the spring… Continue reading Aston Martin DB11 recalled due to Daimler steering column issue

Automotive suppliers on an expansion course: VW-Schreck Prevent takes over German casting specialists

All articles and backgrounds 01/23/2018 Auto parts supplier on expansion course VW Schreck Prevent takes over German casting specialists DPA Headquarters of automotive supplier Prevent in Warmenau near Wolfsburg (Lower Saxony). This acquisition should be the VolkswagenBuyers eyeing with gawky eyes: Those by their spectacular dispute with VW Became known Prevent Group buys again in… Continue reading Automotive suppliers on an expansion course: VW-Schreck Prevent takes over German casting specialists

Ferrari 488 ‘Sport Special Series’ leaked: first look at 700bhp 488

Our first look at the new lightweight, high-performance version of the Ferrari 488 has arrived by way of a leaked image of the car doing the rounds on social media.  It’s no secret that Ferrari is working on a lighter, more powerful, track biased version of the mid-engined 488, and the candidly snapped picture shared… Continue reading Ferrari 488 ‘Sport Special Series’ leaked: first look at 700bhp 488

Ford Focus RS owners offered free repair for ‘white smoke’ issue

Ford has responded to reports of engine faults and white exhaust smoke on early third-generation Focus RS models by offering owners of vehicles a free inspection and repair.  Owners can opt in for the voluntary inspection regardless of warranty or mileage status. Ford is currently in the process of contacting owners across Europe and the… Continue reading Ford Focus RS owners offered free repair for ‘white smoke’ issue