Category: News Site

Vietnam carmaker Vinfast buys GM Holden’s testing centre

VinFast Lux A2.0 HANOI: Vietnam‘s first domestic car manufacturer, Vinfast, said on Wednesday it had bought GM Holden‘s Lang Lang Testing Centre in Australia, as part of its efforts to expand internationally. Vinfast, a unit of Vietnam’s largest conglomerate Vingroup JSC, did not give value of the deal. The purchase of the 872 hectare (2,155… Continue reading Vietnam carmaker Vinfast buys GM Holden’s testing centre

Ouster Lidar Raises $42M in Series B Funding

Ouster, a San Francisco, CA-based provider of high-resolution digital lidar sensors for autonomous transportation, robotics, industrial automation, and smart infrastructure, raised $42m in Series B funding. The backers were not disclosed. The company intends to use the funds for product development and fuel of worldwide sales. Led by Angus Pacala, CEO, and Mark Frichtl, CTO,… Continue reading Ouster Lidar Raises $42M in Series B Funding

Mahindra Electric launches MESMA 48 platform for light EVs

Mahindra Electric Mobility  a leading supplier and manufacturer of electric vehicle, components, and software solutions, which is among the founding partners of the first-ever World EV Day on September 9, has announced the global launch its popular MESMA 48 platform for light electric vehicles. The World EV Day is dedicated to raising awareness about global… Continue reading Mahindra Electric launches MESMA 48 platform for light EVs

Ford severance packages offered to U.S. workers: Here are the details

Ford Motor Company plans to email employees on Tuesday details for severance packages with a goal of shedding at least 1,400 U.S. jobs by the end of 2020, and the Free Press has obtained details of the offer. The so-called “Voluntary Incentive Program” (VIP) provides a lump-sum cash severance payment for eligible employees who elect to, and… Continue reading Ford severance packages offered to U.S. workers: Here are the details

Lidar startup Ouster raises $42M in push to grow sales, diversify products

Lidar startup Ouster has spent the past several years expanding and improving its line of sensors as it jostles for a piece of the crowded and competitive market place. Now, Ouster says it has raised $42 million, fresh capital that will be used to fund product development and ramp up sales. In short: Ouster is… Continue reading Lidar startup Ouster raises $42M in push to grow sales, diversify products

Canada’s Unifor picks Ford as lead in Detroit Three contract talks

Detroit — Ford Motor Co. of Canada has been selected as the lead company with which the Unifor labor union will bargain as they negotiate with Detroit’s three automakers on new contracts. Unifor will bargain with Ford to establish a pattern for the four-year contracts that expire at 11:59 p.m. Sept. 21. The union on Tuesday selected Ford out… Continue reading Canada’s Unifor picks Ford as lead in Detroit Three contract talks

How Lucid Motors plans to spin Tesla-killing strategy out of air

“Peter I’m working for this guy called Elon Musk, and we are in deep s–-.” That’s how the phone call from Tesla model manager Dave Morris to engineer Peter Rawlinson began in 2009, when Morris needed help working on the prototype for a new electric car. Eventually, he lured Rawlinson to work at Tesla Inc.,… Continue reading How Lucid Motors plans to spin Tesla-killing strategy out of air

Europa Press: Wallbox buys Electromaps, the platform for access and payment to electric charging points000307

MADRID, Sep 8 (EUROPA PRESS) – The Spanish company for charging solutions for electric vehicles Wallbox has acquired the majority of the share capital of the also Spanish platform for access and payment to charging points Electromaps. As the firm has reported, this acquisition allows Wallbox to take a step forward in promoting and facilitating… Continue reading Europa Press: Wallbox buys Electromaps, the platform for access and payment to electric charging points000307