Residents of Shenzhen will see truly driverless cars on the road starting Thursday. AutoX, a four-year-old startup backed by Alibaba, MediaTek and Shanghai Motors, is deploying a fleet of 25 unmanned vehicles in downtown Shenzhen, marking the first time any autonomous driving car in China tests without safety drivers or remote operators on public roads.… Continue reading AutoX becomes China’s first to remove safety drivers from robotaxis
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Europcar Announces Financial Restructuring Plan
The agreement was made with private equity firm Eurazeo and holders of the agency’s 2024 and 2026 senior notes. Photo via Depositphotos. Europcar’s creditors have agreed to decrease the car rental company’s debts by 1.1 billion euros ($1.33 billion) in exchange for shares and control of the company, Europcar announced. The agreement was made with private equity… Continue reading Europcar Announces Financial Restructuring Plan
Sequoia India’s Surge leads $2m round in Indonesian automotive service firm
Otoklix will use the funds to drive its plans to procure 75% of wallet share by partner workshops by Dec 2021, among other ambitions. Go to Source
Germany scraps renewable fee on green hydrogen to encourage new technology
The government also intends to monitor effects of the measure in 2022 and look into further activities to boost green electricity in power systems. BERLIN: Germany‘s government on Wednesday lifted a charge levied on power prices to support renewable energy for producers of so-called green hydrogen, part of a bid to encourage the nascent technology… Continue reading Germany scraps renewable fee on green hydrogen to encourage new technology
Daimler chief hails ‘V-shaped’ recovery in China car sales
Sharp rebound a rare bright spot for global auto industry hit hard by coronavirus Go to Source
Uber in advanced talks to sell air taxi unit Uber Elevate to Joby Aviation
Uber Technologies is in advanced talks to sell its air taxi business, “Uber Elevate”, to aerospace firm Joby Aviation, news website Axios reported on Wednesday, citing sources. Uber did not immediately respond to a Reuters request for comment. Its shares rose over 6% following the news. Hyundai Motor Co, which in January announced a partnership… Continue reading Uber in advanced talks to sell air taxi unit Uber Elevate to Joby Aviation
Tesla and powerful German union prepare for a fight over Gigafactory Berlin workforce
Tesla’s effort to build a new Gigafactory near Berlin has had a few hiccups, but it seems to be going smoothly overall. However, it looks like the automaker might have to battle with IG Metall, a powerful union in Germany. Elon Musk came to Berlin earlier this week and got showered with compliments by German… Continue reading Tesla and powerful German union prepare for a fight over Gigafactory Berlin workforce
Cars will cost more in UK after Brexit, says industry chief
Brexit looms. Access the news and analysis you need now to navigate this monumental shift: The FT provides the most robust Brexit coverage, including: An unmatched number of scoops Expert opinion & regional perspectives Daily Brexit Briefing newsletter Go to Source
Grab launches grocery delivery service GrabSupermarket in Malaysia
Launched last month as part of a pilot program, GrabSupermarket currently serves the Klang Valley, delivering over 2,500 products. Go to Source
VDL Nedcar to cut 750 jobs as coronavirus hits new car sales
A production line at the Nedcar car plant in 2015
Car maker VDL Nedcar is to scrap 750 jobs, mostly involving people on staffing agency contracts, because of falling car sales.
‘Despite a small respite in the previous quarter, the car market will remain under pressure next year,’ director Paul van Vuuren told broadcaster 1Limburg.
After the cuts, there will be just 4,000 people working at Nedcar, down from 7,000 at the company’s 2018 peak.
VDL Nedcar is the only independent car manufacturer in the Netherlands and has been building models for BMW since mid 2014.
However, the company’s future has been thrown into doubt since October, when BMW said it would stop making cars at the plant in Born. Instead, BMW plans to concentrate production at its own factories, including that of the Mini, which is currently produced in the Netherlands.
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