After months of breathless anticipation and a week of bro-tastic testimony, the Waymo v. Uber lawsuit, in which Google’s driverless tech arm sued the ride-hailing pioneer over allegedly stolen autonomous vehicle technology, is over. In a surprise move, Uber announced today that it has settled with Waymo, offering the company 0.34 percent of Uber’s equity at its current… Continue reading Uber and Waymo Reach $245M Settlement in Driverless Tech Lawsuit
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Exclusive: Renault’s Mueller quits, clearing CEO succession path – sources
PARIS (Reuters) – Renault’s (RENA.PA) Chief Performance Officer Stefan Mueller is leaving the company, sources told Reuters on Friday – likely clearing the way for rival candidate Thierry Bollore to be named second-in-command and eventual successor to CEO Carlos Ghosn. Bollore, currently chief competitive officer, had been vying with Mueller for promotion in the succession… Continue reading Exclusive: Renault’s Mueller quits, clearing CEO succession path – sources
The man who trains Tesla’s workforce reveals how his job goes beyond staffing production lines (TSLA)
Andre Rivera is a 20-year veteran of the auto industry who now oversees training for Tesla. He got his start in the business when General Motors and Toyota owned what’s now Tesla’s factory. To him, Tesla is completely rethinking what a car can be. Editor’s note: Business Insider had the chance to speak with four… Continue reading The man who trains Tesla’s workforce reveals how his job goes beyond staffing production lines (TSLA)
China Digest: Farasis Energy raises $790m, Codoon secures $20m
February 9, 2018 Venture capital and private equity firms in China continue to invest in the country’s tech firms, with Farasis Energy and Codoon raising fresh funds recently, according to a China Money Network report. China Venture Capital backs Farasis Energy’s $790m Series C Farasis Energy (Ganzhou), a Chinese lithium-ion battery company headquartered in California,… Continue reading China Digest: Farasis Energy raises $790m, Codoon secures $20m
A new ‘ultra fast’ electric car charging network in Europe receives backing from Renault-Nissan
Europe is starting to get more than its fair share of electric car fast-charging networks – making the rest of the EV world jealous and now we learn of again a new one as French automaker Renault announces its backing of the project. Home Solar Power The network, called E-VIA FLEX-E, was actually announced in December, but… Continue reading A new ‘ultra fast’ electric car charging network in Europe receives backing from Renault-Nissan
2018:THE WORLD IS MOVING IN RIVERSIMPLE’S DIRECTION
Air pollution concerns have really brought the need for clean cars to the fore. Now that combustion-engined vehicles have a ‘Sell By’ date of 2040, there is much greater focus on practical and viable alternatives and the question of scale is surfacing. What are the 34 million cars in the UK alone going to be… Continue reading 2018:THE WORLD IS MOVING IN RIVERSIMPLE’S DIRECTION
Singapore: ComfortDelGro expands UK footprint, buys over insurance JV
February 9, 2018 ComfortDelGro Corporation is expanding its footprint in the United Kingdom through the acquisition of a bus and coach operator in South Wales for £13.4 million ($18.7 million). Additionally, it has bought over an insurance joint venture it launched in 2003. The acquisition of New Adventure Travel (NAT) Group in the UK was conducted through… Continue reading Singapore: ComfortDelGro expands UK footprint, buys over insurance JV
Elon Musk: Tesla wants to build 100,000 electric trucks a year
Tesla Semi (Photo: Tesla) Elon Musk has announced to investors that in four years 100,000 Tesla– Electric tractors could be sold per year. Tesla boss Elon Musk expects the production of up to 100,000 electric trucks per year, said Musk on one investor conference With. The Tesla Semi is scheduled to go into production in… Continue reading Elon Musk: Tesla wants to build 100,000 electric trucks a year
THE FULLY AUTONOMOUS CAR UPDATE: How self-driving cars are poised to move into the mainstream and upend the automotive industry
This is a preview of a research report from BI Intelligence, Business Insider’s premium research service. To learn more about BI Intelligence, click here. The self-driving car is no longer a futuristic fantasy. Consumers can already buy vehicles that, within a few years time, will get software updates enabling them to hit the road without… Continue reading THE FULLY AUTONOMOUS CAR UPDATE: How self-driving cars are poised to move into the mainstream and upend the automotive industry
Ford’s Facelifted Van Aimed at Baby Boomers Reliving Glory Days
Ford Motor Co. is looking to revive an aging workhorse with a facelift, technology injection and appeal to baby boomers looking to relive their “magic bus” days. The automaker pioneered the compact commercial van market in the U.S. when it brought the Transit Connect over from Europe about nine years ago. Ford still controls nearly… Continue reading Ford’s Facelifted Van Aimed at Baby Boomers Reliving Glory Days