June 5 (Reuters) – Companies working on self-driving vehicles have criticized an insurance industry study suggesting that only a third of all U.S. road crashes could be prevented by driverless cars, arguing that the study has underestimated the technology’s capabilities. The study by the Insurance Institute for Highway Safety (IIHS), released on Thursday analyzed 5,000… Continue reading Self-driving sector contends its cars can prevent many more crashes than insurance study says
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Bentley to cut nearly a quarter of its workforce
Automotive industry Carmaker hopes to cut 1,000 jobs through voluntary redundancies but warns no-deal Brexit will deepen coronavirus impact The luxury carmaker warned it could not rule out future compulsory redundancies, as the pandemic reduces demand for cars. Photograph: John Sibley/Reuters Bentley has confirmed it is seeking to make 1,000 job cuts through a voluntary… Continue reading Bentley to cut nearly a quarter of its workforce
Jaguar Land Rover borrows £560m from Chinese banks to secure cashflow
Jaguar Land Rover Carmaker ineligible for UK state support takes three-year loan to weather Covid-19 crisis Coronavirus – latest updates See all our coronavirus coverage The JLR loan will be used to secure the carmaker’s cashflow as it tries to weather the Covid-19 crisis. Photograph: Ben Stansall/AFP/Getty Images Jaguar Land Rover has borrowed 5bn yuan… Continue reading Jaguar Land Rover borrows £560m from Chinese banks to secure cashflow
BMW Plant Chennai sharpens focus on sustainable manufacturing
BMW Group Chennai is taking an active lead towards a green and sustainable future through a host of initiatives, . While significant savings have been already been achieved with dedicated efforts, the plant is committed to convert to 100 percent green electricity by end of the year and has launched new initiatives for water conservation… Continue reading BMW Plant Chennai sharpens focus on sustainable manufacturing
Volkswagen resumes deliveries of its Golf 8 after software glitch
FILE PHOTO: Mechanic staff work on the production line of Volkswagen e-Golf in the Glaeserne Manufaktur plant in Dresden, Germany May 8, 2018. REUTERS/Matthias Rietschel FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) on Friday said it had resumed deliveries of its newest Golf model after voluntarily halting sales in mid-May. Volkswagen stopped sales after the carmaker discovered… Continue reading Volkswagen resumes deliveries of its Golf 8 after software glitch
Online used car seller Vroom raises IPO price range
(Reuters) – Online used car seller Vroom Inc on Friday increased the target range for its U.S. initial public offering, looking to raise up to $375 million as the IPO market gathers steam after the COVID-19 pandemic put several debuts on hold. The company is offering about 18.8 million shares at a price range of… Continue reading Online used car seller Vroom raises IPO price range
Volkswagen board to review internal probe into racist car ad
FILE PHOTO: The logo of German carmaker Volkswagen is seen on a new Golf car at Brussels Motor Show, Belgium, January 9, 2020. REUTERS/Francois Lenoir/File Photo HAMBURG (Reuters) – Volkswagen (VOWG_p.DE) has completed an internal report into how it came to publish a racist advert, the German carmaker said on Friday, adding that its findings… Continue reading Volkswagen board to review internal probe into racist car ad
Brazil auto production rises in May, but still far behind a year ago
SAO PAULO, June 5 (Reuters) – Brazil’s automobile production rose in May from April, but remains 84.4% lower compared with the same month in 2019, the national automakers’ association said on Friday. Anfavea, as the automakers association is known, said the auto industry produced 43,100 units in May. Brazilian auto sales grew 11.6% from the… Continue reading Brazil auto production rises in May, but still far behind a year ago
Tesla’s Former Battery Supply Chain Manager Talks Batteries
EDITOR’S NOTE: This article comes to us courtesy of EVANNEX, which makes and sells aftermarket Tesla accessories. The opinions expressed therein are not necessarily our own at InsideEVs, nor have we been paid by EVANNEX to publish these articles. We find the company’s perspective as an aftermarket supplier of Tesla accessories interesting and are willing to share its content… Continue reading Tesla’s Former Battery Supply Chain Manager Talks Batteries
German gas stations will have to provide electric car charging under new rules
Gas stations in Germany will be required to provide charging for electric vehicles as part of the country’s €130 billion coronavirus stimulus package, Reuters reports. In addition, the government is also increasing its subsidy for electric vehicles by €3,000 to €6,000 for cars costing less than €40,000. Combined, these measures could be a big boost… Continue reading German gas stations will have to provide electric car charging under new rules