Just as LeBron James is getting ready to take the court again for NBA games in Orlando, GMC has released a new advertisement featuring the basketball star teasing its upcoming EV. The video reveals both truck and SUV versions of the Hummer, which has previously promised a “quiet revolution” with 1,000 HP, 11,500lb/ft of torque… Continue reading GMC teases its 1,000HP electric Hummer truck and SUV
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Enterprise Lowers Rental Age for College Students
Reservations must be made in advance and an official student ID must be presented at the time of rental. Photo via Wikimedia Commons/Concordia College. Starting this week through Sept. 30, 2020, Enterprise Rent-A-Car has lowered the minimum rental age to 18 years in the U.S. and Canada. The offer is valid for economy through full-size cars, minivans,… Continue reading Enterprise Lowers Rental Age for College Students
Renault handed ‘wake-up call’ with record 7 billion euro loss
PARIS (Reuters) – French carmaker Renault (RENA.PA) said it had been given a wake-up call on Thursday with a record net loss of 7.29 billion euros ($8.6 billion) in the first half of the year, inflicted by the COVID-19 crisis and troubles at its alliance partner Nissan (7201.T). FILE PHOTO: A Renault car is seen… Continue reading Renault handed ‘wake-up call’ with record 7 billion euro loss
Vietnam’s beGroup partners ComfortDelGro’s local unit to launch beTaxi
Vietnamese ride-hailer beGroup has partnered with Vinataxi, the local business of Singapore transport firm ComfortDelGro Corporation, to launch its beTaxi service. The new offering provides four-seater and seven-seater taxi booking for users, starting July 30. beGroup said, in a statement, the new service will help facilitate the transportation needs in peak hours when customers usually… Continue reading Vietnam’s beGroup partners ComfortDelGro’s local unit to launch beTaxi
Uber halts move of APAC headquarters from Singapore to Hong Kong
FILE PHOTO: Uber’s logo is pictured at its office in Bogota, Colombia, December 12, 2019. Picture taken December 12, 2019. REUTERS/Luisa Gonzalez/File Photo SINGAPORE (Reuters) – Uber Technologies Inc said it will keep its Asia Pacific headquarters in Singapore at least until December 2022, pausing a potential plan to relocate to Hong Kong. The company… Continue reading Uber halts move of APAC headquarters from Singapore to Hong Kong
Auto industry set to put brakes on central Europe’s COVID-19 recovery
BUDAPEST/PRAGUE (Reuters) – The auto industry, long a driver of economic growth in central Europe, is likely to be one of the main drags on the region’s efforts this year to recover from the impact of COVID-19. FILE PHOTO: Employees work on an assembly line as the Volkswagen construction plant reopens after shutting down due… Continue reading Auto industry set to put brakes on central Europe’s COVID-19 recovery
Sea Machines Raises $15M in Funding
Sea Machines Robotics, a Boston, MA-based developer of autonomous systems for ocean-going vessels and workboats, closed a new $15 million financing round. The round was led by Accomplice with further participation by Toyota AI Ventures, Brunswick Corp. (through investment partner TechNexus), Geekdom Fund, NextGen Venture Partners, Eniac VC, LaunchCapital and others. It included participation from… Continue reading Sea Machines Raises $15M in Funding
Rapido introduces back shield for added protection
Bike taxi platform Rapido, announced the introduction of ‘Rapido Back Shields’ as an added safety measure. The shields will be worn by the drivers during rides preventing any contact with the customer on the pillion seat. Keeping the recent pandemic in mind, the new shield is a first of its kind safety measure by a… Continue reading Rapido introduces back shield for added protection
Renault slumps to record 7.3 billion euro net loss in first half
FILE PHOTO: A Renault car is seen in a show room at a Renault carmaker dealer, amid the coronavirus disease (COVID-19) outbreak in Sint-Pieters-Leeuw, Belgium May 29, 2020. REUTERS/Yves Herman PARIS (Reuters) – French carmaker Renault (RENA.PA) posted a record net loss of 7.292 billion euros in the first half of this year, dragged down… Continue reading Renault slumps to record 7.3 billion euro net loss in first half
AUTO1 raises $300 million to develop used-car retail platform
FILE PHOTO: A worker loads a second hand car on a car transporter truck at the Auto1.com company grounds in Zoerbig, Germany January 28, 2017. Picture taken January 28, 2017. REUTERS/Fabrizio Bensch BERLIN (Reuters) – AUTO1 Group, the European digital used-car trading platform, said on Thursday it had raised 255 million euros ($300 million) from… Continue reading AUTO1 raises $300 million to develop used-car retail platform