Amazon.com Inc said on Tuesday it will launch a $2 billion venture capital fund that will focus on technology investments to reduce the impact of climate change and support sustainable development. The Climate Pledge Fund will invest in companies across industries such as transportation and logistics, energy, storage and utilization, manufacturing and materials, and food… Continue reading Amazon pledges $2b venture capital fund to invest in clean energy
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Magna will expand Highland Park seating plant, creating 480 new jobs
Magna International Inc. is investing more than $35 million to expand its Highland Park plant after winning two new full seat assembly contracts, according to the Michigan Economic Development Corp. The plan is expected to create 480 new jobs, including nearly 300 entry-level positions, just as the automotive supplier sector faces deep strains following weeks… Continue reading Magna will expand Highland Park seating plant, creating 480 new jobs
Carmakers in Southeast Asia are reluctant to hit the accelerator
BANGKOK — Automakers operating in Southeast Asia are moving in low gear as they bring plants back online after weeks of suspended production due to the coronavirus pandemic. Safety protocols and weak sales force them to proceed slowly in restarting operations. Since May, most Southeast Asian nations have been easing restrictions on business operations and people’s movements that were introduced to contain the outbreak.… Continue reading Carmakers in Southeast Asia are reluctant to hit the accelerator
Lyft is using data from its ride-share drivers to develop self-driving cars
Lyft is using data collected from drivers on its ride-hailing app to accelerate the development of self-driving cars. Lyft’s Level 5 self-driving car program is using the data to build 3D maps, understand human driving patterns and improve simulation tests — all tools needed to push their autonomous vehicle technology forward, according to a blog… Continue reading Lyft is using data from its ride-share drivers to develop self-driving cars
French healthtech Ambler raises €6 million to digitalize health transport
French startup Ambler has completed a €6 million financing round from Bpifrance (via the Digital Venture division), Idinvest Partners, Partech and Kima Ventures. It’ll use the funds to accelerate the development of its platform for connecting healthcare transporters and institutions.
Currently, non-emergency medical transport (for example for patients with kidney failure, oncology needs, rehabilitation or residency in psychiatric hospitals), is highly fragmented. Hospitals have to manually manage each trip, which could be carried out by different providers each time. Typically, managing non-emergency patient transport is a burden on both healthcare staff (booking journeys, managing incidents, etc.), as well as on buyers and the financial teams of the institutions (calls for tenders, cost control, invoicing, recovery of budget allocations, etc.).
Ambler, founded in 2018, offers a single platform to manage all inter-hospital patient transfers, making use of hospital vehicles to save bu..
Geely launches its biggest SUV yet – Hao Yue
Chinese automaker Geely Auto officially launched its first seven-seat D-segment SUV, Hao Yue in an entirely online launch ceremony today. The seven-seat SUV marks Geely Auto’s entry into a highly competitive market segment that is currently dominated by foreign joint-venture brands in the Chinese market. Geely says it aims to challenge the competition by offering… Continue reading Geely launches its biggest SUV yet – Hao Yue
Indonesian ride-hailing firm Gojek cuts 9% of headcount
SINGAPORE (Reuters) – Indonesian ride-hailing and payments firm Gojek announced on Tuesday it would lay off 9% of its employees, or 430 workers, and close down its lifestyle services arm, GoLife. FILE PHOTO: Commuters pass by a Gojek advertisement in Singapore, March 4, 2019. REUTERS/Edgar Su A spokesman said the company would “prioritise its high-impact… Continue reading Indonesian ride-hailing firm Gojek cuts 9% of headcount
Lawsuit alleges defeat devices in Nissan petrol cars
Up to 1.4 million Renault and Nissan vehicles sold in Britain could be equipped with illegal defeat devices, according to a lawsuit being launched today. They include a petrol-powered version of one of the UK’s best-selling family cars, the Nissan Qashqai. The law firm behind the case, Harcus Parker, claims that some cars produced up… Continue reading Lawsuit alleges defeat devices in Nissan petrol cars
Coronavirus: One in six UK car industry jobs could be lost, warns trade body
The UK car industry’s trade body says one in six jobs are at risk of redundancy without help from the government in restarting production. The Society of Motor Manufacturers and Traders (SMMT) said emergency funding, permanent short-time working, business rate holidays, and VAT cuts are needed to stem the flow of job losses. Showrooms are… Continue reading Coronavirus: One in six UK car industry jobs could be lost, warns trade body
China’s Didi aims for 1 million robotaxis on its platform by 2030
FILE PHOTO: The company logo of the Didi ride-hailing app on a car door at the IEEV New Energy Vehicles Exhibition in Beijing, China, October 18, 2018. REUTERS/Thomas Peter/File Photo BEIJING (Reuters) – China’s ride-hailing giant Didi Chuxing aims to operate more than 1 million self-driving cars through its platform by 2030, an executive said… Continue reading China’s Didi aims for 1 million robotaxis on its platform by 2030