The vehicle group of multinational power management company Eaton has announced the launch of a new metal 3D printing program as part of its Industry 4.0 strategy. The company aims to reduce production times and improve efficiency through its new 3D printing capabilities, and will look to deploy the 3D polymer printing technology globally by… Continue reading Eaton Vehicle Group implements metal 3D printing program to drive efficiency
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Lime touts a 2020 turnaround and 2021 profitability
Micromobility company Lime says it has moved beyond the financial hardship caused by the COVID-19 pandemic, reaching a milestone that seemed unthinkable earlier this year. In short, the company is now largely profitable. Lime said it was both operating cash flow positive and free cash flow positive in the third quarter — a first —… Continue reading Lime touts a 2020 turnaround and 2021 profitability
GM gives first peek at GMC Hummer EV SUV version
GM has given everyone a first peek at the SUV version of the GMC Hummer EV, which will complement the previously unveiled pickup truck version. As we reported earlier today, GM made some EV announcements at Barclay’s Automotive conference, including an acceleration of its EV plans with 30 new EVs by 2025. At the event,… Continue reading GM gives first peek at GMC Hummer EV SUV version
Nikola is nuts, when’s the crash?
Two weeks to lock-up expires. Tick tock. Go to Source
Morai Closes US$1.8M Series A Funding Round
Morai, Inc., a Seoul, South Korea-based developer of autonomous vehicle simulation systems, secured US$1.8M in Series A funding. Backers included Kakao Ventures and Korea Credit Guarantee Fund (KODIT) as well as existing investor Naver D2SF (Naver D2 Startup Factory). Led by Jiwon Jung, CEO and Co-Founder, and a member company of Born2Global Centre and Sejong Technopark, Morai delivers testing solutions… Continue reading Morai Closes US$1.8M Series A Funding Round
Renault: after FO, the CFE-CGC validates the agreement on the elimination of 2,500 jobs
Posted on 19 Nov 2020 at 9:11Updated on 19 Nov 2020 at 9:19 The Renault departure plan is working. The carmaker’s union CFE-CGC announced on Thursday the signing of the agreement on the elimination of 2,500 jobs in engineering and tertiary functions of the group in France, via voluntary departures. An agreement already signed Tuesday… Continue reading Renault: after FO, the CFE-CGC validates the agreement on the elimination of 2,500 jobs
German Handelsblatt: Auto industry: BMW withdraws engine production for combustion engines from Germany000813
BMW headquarters in Munich In future, the group will no longer build internal combustion engines at its headquarters. (Photo: AP) Munich The BMW Group is reorganizing its production network. The production of diesel and combustion engines is to be withdrawn from the Munich headquarters by 2024. Large engines will be relocated to the British plant… Continue reading German Handelsblatt: Auto industry: BMW withdraws engine production for combustion engines from Germany000813
Fiat Chrysler, Peugeot maker PSA Group set shareholder meetings to approve merger
Shareholders for Fiat Chrysler Automobiles and Peugeot maker PSA Group are to meet in January to decide whether to approve the proposed merger between the two companies. The companies announced Wednesday they would hold general meetings for their respective shareholders on Jan. 4 “in order to approve the merger of their companies to allow the creation of… Continue reading Fiat Chrysler, Peugeot maker PSA Group set shareholder meetings to approve merger
UK to ban gasoline car sales by 2030 as part of green plan
London – Britain will ban the sale of new gasoline and diesel cars by 2030, a decade earlier than its previous commitment, the prime minister said Tuesday. Boris Johnson made the pledge as part of plans for a “green industrial revolution” that he claims could create up to 250,000 jobs in energy, transport and technology.… Continue reading UK to ban gasoline car sales by 2030 as part of green plan
CEO Scott Wine to leave Polaris Inc to lead CNH Industrial
Wine will remain in his current role at Polaris through the end of the year. New Delhi: Polaris Inc on Wednesday announced that Chairman and CEO Scott Wine will leave the company to assume the CEO role at CNH Industrial, the maker of Case and New Holland agricultural equipment. Wine joined Polaris in 2008 as… Continue reading CEO Scott Wine to leave Polaris Inc to lead CNH Industrial