Category: News Site

UPDATE 1-EU worried Fiat-PSA deal may hit competition in vans

BRUSSELS (Reuters) – Fiat Chrysler (FCHA.MI) and Peugeot maker PSA’s (PEUP.PA) proposed merger may harm competition in small vans in 14 EU countries and Britain, EU antitrust regulators said on Wednesday as they opened a four-month investigation into the deal. FILE PHOTO: The logos of car manufacturers Fiat and Peugeot are seen in front of… Continue reading UPDATE 1-EU worried Fiat-PSA deal may hit competition in vans

EU antitrust regulators to investigate Fiat, PSA merger

FILE PHOTO: Logos of Peugeot and Fiat are seen in this illustration picture taken October 31, 2019. REUTERS/Regis Duvignau/Illustration BRUSSELS (Reuters) – European Union antitrust regulators opened on Wednesday an investigation into Fiat Chrysler (FCHA.MI) and Peugeot maker PSA’s (PEUP.PA) proposed merger, saying the deal may harm competition in 14 EU countries and Britain. The… Continue reading EU antitrust regulators to investigate Fiat, PSA merger

Exclusive: Who’s in charge at Nissan? COO’s allies push to give him shared CEO role – sources

(Reuters) – Nissan’s chief operating officer Ashwani Gupta helped engineer the troubled automaker’s latest turnaround plan. Now his allies are pressing the board to promote him to co-CEO to drive the new strategy, said four people with direct knowledge. FILE PHOTO: Nissan Motor COO Ashwani Gupta speaks during a news conference at Nissan Motor headquarters… Continue reading Exclusive: Who’s in charge at Nissan? COO’s allies push to give him shared CEO role – sources

Umicore Gets €125 Million Loan From EIB For Battery Materials Plant

Belgium/Poland: EIB and Umicore conclude €125 million loan for battery materials production in Poland   15 June 2020 First EIB loan to the Belgian group to finance the construction of a cathode material manufacturing facility in Nysa, Poland Umicore’s facility will support its customers in meeting the growing demand for rechargeable lithium-ion batteries for electric… Continue reading Umicore Gets €125 Million Loan From EIB For Battery Materials Plant

SLAMcore Raises $5M in Funding

SLAMcore, a London, UK-based company developing spatial AI algorithms for robots and drones, secured $5m in funding. The round was led by Octopus Ventures and MMC Ventures, with participation from Amadeus Capital Partners and Toyota AI Ventures. The company intends to use the funds to speed up the availability of its solutions, including its recently… Continue reading SLAMcore Raises $5M in Funding

Arrival expands beyond electric delivery vans with a new EV bus

Arrival’s all-electric delivery vans have won the UK startup a lot of buzz and ample funding from grownup companies like UPS and Hyundai, all before any of those vehicles have actually been deployed. But now the startup is ready to reveal it’s been working on another type of electric vehicle: buses. Later today, Arrival will… Continue reading Arrival expands beyond electric delivery vans with a new EV bus

The US’s jaywalking laws target people of colour. They should be abolished

Opinion Black Lives Matter movement The US’s jaywalking laws target people of colour. They should be abolished Arwa Mahdawi Why should walking be a crime – especially if you’re black or Hispanic? Ninety per cent of illegal-walking tickets issued in New York in 2019 went to black and hispanic people. Photograph: David Jackson/Getty Images/iStockphoto Being… Continue reading The US’s jaywalking laws target people of colour. They should be abolished

Tesla reaches new deal with Panasonic for battery supply

Tesla has reached a new three-year deal with Panasonic for battery supply from Gigafactory Nevada. The growth of Gigafactory 1 in Nevada has been impressive, and the factory quickly became the largest li-ion battery factory in the world. But earlier this year, Tesla said that Panasonic’s battery cell production was limiting Model 3 production. Initially,… Continue reading Tesla reaches new deal with Panasonic for battery supply

Audi sets up Silicon Valley office to develop automated driving systems for US market

Audi has opened an office in Silicon Valley that aims to adapt and develop advanced driver assistance systems for the U.S. market.  The Audi Automated Driving Development (A2D2) R&D office will be located in San Jose and initially staffed with about 60 employees. The company said A2D2 will have the “flexibility to quickly develop new… Continue reading Audi sets up Silicon Valley office to develop automated driving systems for US market