Category: News Site

Hyundai to invest £5.5bn in hydrogen fuel cell technology

The Hyundai Motor Group will invest £5.5 billion in developing hydrogen fuel cell technology, as part of plans to vastly increase the number of cars it sells that use the powertrain. The Korean firm, which presides over Hyundai, Genesis and Kia, is one of the major proponents of fuel cell powertrains, which combine hydrogen and oxygen to… Continue reading Hyundai to invest £5.5bn in hydrogen fuel cell technology

UGT believes that Spain is not prepared to lead the change to sustainable mobility

Statements by UGT Secretary General, Pepe Álvarez, collected from the Public Mirror Program by Europa Press, refuted the union’s position on the initiative to transition to sustainable mobility by pointing out that Spain is not the right country to lead the change, “a country which exports 80% of the cars it produces “. The secretary… Continue reading UGT believes that Spain is not prepared to lead the change to sustainable mobility

Mobike suspected of GDPR violations in industry-wide German investigation

Dec 11, 2018 Chinese bike-rental company Mobike is under investigation by data regulators in Germany over suspicions it may have breached EU data laws, reports Tencent Tech. The Berlin data protection commissioner aims to investigate whether the company and other car and bike-sharing firms have violated the region’s General Data Protection Regulation (GDPR). “At the moment, we have… Continue reading Mobike suspected of GDPR violations in industry-wide German investigation

Production of the C-Max runs out: Ford wants to reduce in Saarlouis a quarter of the jobs

ford Ford: The automaker plans job cuts at its second largest German production site in Saarlouis The US car company Ford is negotiating with employee representatives on a job cuts in the plant Saarlouis. The local production of the model C-Max should be discontinued. Politicians on the Saar are upset. Ford has around 6300 employees… Continue reading Production of the C-Max runs out: Ford wants to reduce in Saarlouis a quarter of the jobs

For electric car production until 2030: Daimler buys battery cells for 20 billion

AFP Dieter Zetsche presented in September this year, the first scion of his electric car family EQ. The electric SUV EQC should come from mid-2019 in the trade For battery cells for its electric vehicles, Daimler will spend more than 20 billion euros in the coming years. The contracts now concluded with Asian manufacturers secured… Continue reading For electric car production until 2030: Daimler buys battery cells for 20 billion

WaveOptics Raises $26m in Funding

WaveOptics, a London, UK-based designer and manufacturer of diffractive waveguides for use in Augmented Reality (AR) wearables, raised $26m (£20m). The round was led by Octopus Ventures, with participation from existing shareholders IP Group, Robert Bosch Venture Capital and Gobi Partners, as well as new investors Goertek and Optimas Capital Partners. The company intends to… Continue reading WaveOptics Raises $26m in Funding

UPDATE 2-China car sales drop at steepest pace in almost seven years

* Nov car sales drop 13.9 pct y/y; NEV sales up 37.6 pct * Fifth straight monthly drop, steepest since 2012 * 2018 FY sales set to drop 3 pct – industry body * Industry going through a painful period – official (Adds officials’ comments, graphic, sales forecasts) By Yilei Sun and Adam Jourdan BEIJING/SHANGHAI,… Continue reading UPDATE 2-China car sales drop at steepest pace in almost seven years