Category: News Site

The Supercar Factory That Gets You To The Shops And Back At 230mph – The Sportsman

If you were a teenager in the late 80s and 90s, then there’s a high chance you’ve already stumbled across the work of Jim Glickenhaus. Not in the form of the sleek supercars that his company Scuderia Cameron Glickenhaus build today, but through films. As a writer and director, Glickenhaus made his name through writing… Continue reading The Supercar Factory That Gets You To The Shops And Back At 230mph – The Sportsman

AutoX becomes China’s first to remove safety drivers from robotaxis

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

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

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

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