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Hypercar manufacturer Lister to move HQ to Hyndburn Rocket Centre

By Tim Aldred Posted on: 27th July, 2018 at 8:07 am Hypercar manufacturer Lister has announced major expansion plans which include new premises with a HQ in Hyndburn Rocket Centre. A ray of sunshine for the automotive sector shines on Lancashire. The iconic Rocket Centre, with over 25,000 square ft. of showroom space will be… Continue reading Hypercar manufacturer Lister to move HQ to Hyndburn Rocket Centre

Volkswagen mulls own production of battery cells in Europe

WOLFSBURG, Germany (Reuters) – Volkswagen (VOWG_p.DE) is eyeing producing its own solid state battery cells, with possible serial production from 2024 or 2025, its chief executive said on Wednesday. A Volkswagen logo is pictured during the Volkswagen Group’s annual general meeting in Berlin, Germany, May 3, 2018. REUTERS/Axel Schmidt “We must not make ourselves dependent… Continue reading Volkswagen mulls own production of battery cells in Europe

Tesla plans to invest $5 billion building factory in China: Bloomberg

(Reuters) – Tesla Inc (TSLA.O) is planning to invest $5 billion to build a factory in China, Bloomberg reported on Wednesday, citing a source. FILE PHOTO: A Tesla logo adorns a ‘Model S’ car in the dealership in Berlin, Germany, November 18, 2015. REUTERS/Hannibal Hanschke/File Photo Tesla is considering raising funds in China to finance… Continue reading Tesla plans to invest $5 billion building factory in China: Bloomberg

Uber Kills Self-Driving Truck Division, Clearing the Road for Tesla

BYE, BYE AUTONOMOUS SEMI. Just under two years ago, Uber bought Otto, a startup focused on developing self-driving trucks. Now, Uber is bidding adieu to its plans for autonomous shipping, at least for the time being. On Monday, the company revealed in a statement that it’s closing its self-driving truck division. Uber’s self-driving trucks were seen on… Continue reading Uber Kills Self-Driving Truck Division, Clearing the Road for Tesla

Renovo partners with aiPod to deploy self-driving cars in London and beyond

Renovo is licensing its technology to yet another self-driving startup—this time aiPod—in its bid to sell a platform that will enable companies to deploy commercial fleets of fully automated vehicles. Fleets of autonomous vehicles that can safely pick up and drop off people and packages will require more than an AI system that can brake,… Continue reading Renovo partners with aiPod to deploy self-driving cars in London and beyond

Lyft will pay you $550 to ditch your car for a month

Lyft is raising the stakes in its mission to dominate all modes of transportation in major cities. Starting in August, the ride-hailing company will offer 100 residents of Chicago $550 each in credit to Lyft and several other mobility services if they ditch their personal vehicles for a month. It’s a bold, if slightly gimmicky,… Continue reading Lyft will pay you $550 to ditch your car for a month

Britain’s car industry cautions: No-deal Brexit is our nightmare

LONDON (Reuters) – A no-deal Brexit would seriously damage the car industry in Britain and the European Union by raising costs and sowing chaos for carmakers and consumers alike, the head of Britain’s car industry warned on Tuesday. FILE PHOTO: Workers assemble cars at the plant for the Mini range of cars in Cowley, near… Continue reading Britain’s car industry cautions: No-deal Brexit is our nightmare

Volkswagen to name company insider as COO: source

HAMBURG (Reuters) – Volkswagen (VOWG_p.DE) is set to name Ralf Brandstaetter, the procurement chief of its core VW brand, as its group Chief Operating Officer, a person familiar with the matter said. FILE PHOTO: A Volkswagen logo is pictured during the Volkswagen Group’s annual general meeting in Berlin, Germany, May 3, 2018. REUTERS/Axel Schmidt/File Photo… Continue reading Volkswagen to name company insider as COO: source

No deal Brexit is not an option, Britain’s car industry warns

LONDON (Reuters) – A no-deal Brexit is not an option for Britain’s car industry, given the costs and disruption that carmakers and consumers would suffer, the head of the country’s automobile industry group said on Tuesday. Mike Hawes, chief executive of the Society of Motor Manufacturers and Traders (SMMT), said carmakers were “increasingly concerned” about… Continue reading No deal Brexit is not an option, Britain’s car industry warns