Parallel Domain, a Palo Alto, Calif.- and Vancouver, BC, Canada-based synthetic data generation platform, raised $11m in Series A funding. The round was led by Foundry Group, with participation from Calibrate Ventures and existing investors Costanoa Ventures, Ubiquity Ventures, and Toyota AI Ventures. The company intends to use the funds to expand the footprint of its… Continue reading Parallel Domain Raises $11M in Series A Funding
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Asia Digest: Nextrans kicks off VCFP 2; Grab Vietnam’s initiatives; Anacacia invests in Mwave
South Korean early-stage investor Nextrans has kicked off the Generation 2 of Venture Capital Foundation Program, Grab Vietnam has announced two new initiatives to help small and medium enterprises while Sydney-based private equity firm Anacacia Capital has invested an undisclosed sum in Mwave. VC firm Nextrans kicks off VCFP 2 South Korean early-stage investor Nextrans… Continue reading Asia Digest: Nextrans kicks off VCFP 2; Grab Vietnam’s initiatives; Anacacia invests in Mwave
Elon Musk moves Tesla to Texas in Silicon Valley snub
In May, Mr Musk threatened to move Tesla to Texas, after local officials refused to let the car company reopen its factory during the coronavirus pandemic. Go to Source
Honda says production at UK factory to pause due to car parts shortage
Honda Swindon plant affected by British ports chaos amid Brexit stockpiling and Covid restrictions Honda’s Swindon employees have been told production could be disrupted as deliveries are delayed. Photograph: Eddie Keogh/Reuters Honda is to pause production at its UK plant on Wednesday because of a shortage of car parts caused by delays in getting parts… Continue reading Honda says production at UK factory to pause due to car parts shortage
German Handelsblatt: Verdict: VW subsidiary Skoda has to pay suppliers Prevent damages000916
Production at Skoda The Czech VW subsidiary has to compensate the supplier Prevent. (Photo: obs) Celle / Wolfsburg The Volkswagen subsidiary Skoda has to pay damages to a subsidiary of its former supplier Prevent after the termination of a contract for car seat backrests. An exact amount is not mentioned in a corresponding ruling by… Continue reading German Handelsblatt: Verdict: VW subsidiary Skoda has to pay suppliers Prevent damages000916
German Manager Magazin: Lufthansa will train pilots for Lilium air taxis000395
The electric air taxi manufacturer Lilium lets the pilots of its planned whiz kid off theLufthansa– Train flight school. “Lilium and Lufthansa Aviation Training will jointly develop a pilot selection and training program to qualify pilots for the Lilium Jet,” announced the two companies in Munich on Wednesday. In the first phase, already qualified commercial… Continue reading German Manager Magazin: Lufthansa will train pilots for Lilium air taxis000395
German Handelsblatt: Electromobility: It doesn’t get more German – the Audi A6 50 e-tron in the Handelsblatt test000915
Confident front As a plug-in hybrid, the Audi A6 is the dynamic alternative to the A8. The average managing director in Germany is male, 52 years old, earns 178,000 euros a year – and prefers to drive an Audi A6. Hardly any car in the premium class meets the taste of company car drivers so… Continue reading German Handelsblatt: Electromobility: It doesn’t get more German – the Audi A6 50 e-tron in the Handelsblatt test000915
Europa Press: Oliver Zipse (BMW) will chair the association of European vehicle manufacturers in 2021 001 081
BRUSSELS, Dec. 9 (EUROPA PRESS) – The Association of European Automobile Manufacturers (ACEA) has appointed Oliver Zipse, Chairman of the Board of Directors of the BMW Group, the new Chairman of the organization for the next financial year, a position that may be renewed for an additional year. As reported by ACEA in a statement,… Continue reading Europa Press: Oliver Zipse (BMW) will chair the association of European vehicle manufacturers in 2021 001 081
Continental to expand truck tyre capacity at Modipuram plant
Technology company and premium tyre manufacturer Continental is to significantly expand its truck tyres production capacity at the Modipuram plant in Uttar Pradesh. The capacity expansion initiative will be completed in the next 18 months, further increasing the product range for 20-inch and 22.5-inch tyres along with the existing other range of Truck and Bus… Continue reading Continental to expand truck tyre capacity at Modipuram plant
GMC takes the Hummer EV north for winter testing
Sponsored Links The GMC HUMMER EV arrived at GM’s Milford Proving Grounds to continue validation tests and will head to northern Michigan to run through the team’s grueling winter testing process. (Photo by Jeffrey Sauger for General Motors) Jeffrey Sauger for General Motors The Edition 1 of GMC’s 1,000HP Hummer EV “supertruck” is still about… Continue reading GMC takes the Hummer EV north for winter testing