Uber U.K. has launched a Work Hub for drivers to view a selection of temporary work opportunities with other companies as a way to supplement pandemic-hit ride-hailing earnings during the coronavirus crisis. The Work Hub sits within the Uber driver app and displays offers of work from third party providers — including jobs that involve… Continue reading Uber UK launches Work Hub for drivers to find other gig jobs during COVID-19
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SoftBank led $500M investment in Didi in China’s biggest autonomous driving round
The race to automate vehicles on China’s roads is heating up. Didi, the Uber of China, announced on Friday an outsized investment of over $500 million in its freshly minted autonomous driving subsidiary. Leading the round — the single largest fundraising round in China’s autonomous driving sector — is its existing investor Softbank, the Japanese… Continue reading SoftBank led $500M investment in Didi in China’s biggest autonomous driving round
China: BYD Sold Over 12,000 Plug-In Electric Cars In April 2020
April 2020 did not bring any significant progress in terms of plug-in electric car sales for BYD in China. The company sold some 12,262 passenger plug-ins, which is just a few percent more than in March. The volume decreased year-over-year by 46% (10th month of consecutive decline) and the plug-ins stand for just 39% of… Continue reading China: BYD Sold Over 12,000 Plug-In Electric Cars In April 2020
Capgemini and Audi launch new JV for digital tech and consulting services
Capgemini and Audi have launched their joint venture called XL2. It will provide digital technology and consulting services in the fields of SAP S/4HANA and cloud services primarily for Audi and the entire Volkswagen Group. XL2 combines an agile start-up culture reinforced by two global industry leaders. The company’s goal is to expand its project… Continue reading Capgemini and Audi launch new JV for digital tech and consulting services
Devel Sixteen III Concept Is Even Wilder Than The 5,000 HP Original – HotCars
The Devel Sixteen was touted to be the hypercar of hypercars. With more than 5,000 hp of impervious output, the Sixteen could easily leave other hypercars in the dust. So far, Devel Motors has released two Sixteen concepts, both of which look amazing. Now, here’s a reimagination of the Sixteen that doesn’t come from Devel.… Continue reading Devel Sixteen III Concept Is Even Wilder Than The 5,000 HP Original – HotCars
Cabana Raises $3.5M in Seed Funding Round
Cabana, a Seattle, WA-based travel-tech startup, raised $3.5m in seed funding round. The round was led by Craft Ventures, with participation from Goldcrest Capital, Travis VanderZanden, CEO & Founder at Bird, and Sunny Madra, Vice President Ford X at Ford Motor Company. The company intends to use the funds to scale operations, and offer its… Continue reading Cabana Raises $3.5M in Seed Funding Round
Renault to cut 14,600 jobs as part of €2bn cost-saving plan
Renault Restructuring by French carmaker comes as Covid-19 crisis hits manufacturing Coronavirus – latest updates See all our coronavirus coverage Employees wearing protective face masks work on a Renault assembly line in France. Photograph: Gonzalo Fuentes/Reuters The French carmaker Renault plans to cut 14,600 jobs as it aims to save €2bn (£1.8bn) in one of… Continue reading Renault to cut 14,600 jobs as part of €2bn cost-saving plan
UK manufacturers planning tens of thousands of redundancies
Manufacturing sector Almost half of firms surveyed by lobby group are considering cutting jobs Coronavirus – latest updates See all our coronavirus coverage Orders in the manufacturing sector have declined sharply in recent weeks. Photograph: Alamy Britain’s manufacturers are poised to make tens of thousands of workers redundant after a worse-than-expected slump in orders, prompted… Continue reading UK manufacturers planning tens of thousands of redundancies
Elon Musk: Tesla is speeding up production and installations of Supercharger V3
Elon Musk confirmed that Tesla’s slower deployment of Supercharger V3 was due to production, but it is now ramping up. Musk said that he wants the Supercharger network to cover “95% to 100% of the population in all active markets”. They had the goal to have 18,000 Superchargers around the world by the end of 2018. Unfortunately, Tesla… Continue reading Elon Musk: Tesla is speeding up production and installations of Supercharger V3
Chinese ride-hailing giant Didi Chuxing rakes in $500m for autonomous driving unit
Chinese ride-hailing giant Didi Chuxing announced on Friday that its autonomous driving subsidiary has raked in $500 million in what is the firm’s first external funding round since Didi created the subsidiary in 2016. Led by SoftBank’s Vision Fund 2 and claimed to be the largest fundraising round in China’s autonomous driving sector, the transaction… Continue reading Chinese ride-hailing giant Didi Chuxing rakes in $500m for autonomous driving unit