Category: News Site

Tesla Gigafactory Shanghai expansion is back in full swing

Construction work at Tesla Gigafactory Shanghai appears to be back in full swing as new buildings come up super quickly to produce Model Y in less than a year. As we reported earlier this week, Tao Lin, vice president of Tesla China, is saying that Tesla will ramp up Model 3 production by more than… Continue reading Tesla Gigafactory Shanghai expansion is back in full swing

‘I’ve not yet signed Renault loan’, says French finance minister

PARIS (Reuters) – France’s Finance Minister Bruno Le Maire said he has not signed off on a 5 billion euro ($5.47 billion) state-guaranteed loan to help Renault (RENA.PA) cope with the fallout from the coronavirus, and that discussions continued. FILE PHOTO: French Economy and Finance Minister Bruno Le Maire speaks during a presentation of the… Continue reading ‘I’ve not yet signed Renault loan’, says French finance minister

FCA Begins Work At Mirafiori On Vehicle-To-Grid Pilot Project

Work has begun at Mirafiori on the FCA-ENGIE Eps Vehicle-to-Grid pilot project The COVID-19 outbreak has not put a stop to the cooperation between Fiat Chrysler Automobiles and ENGIE Eps, nor to their commitment to support the deployment of electric mobility. Since the announcement with Terna in September of the intention to jointly experiment with… Continue reading FCA Begins Work At Mirafiori On Vehicle-To-Grid Pilot Project

BorgWarner’s next-gen AWD actuators spell gains for OEMs

The need for improved fuel efficiency is a key factor in the development of all-wheel drive (AWD) technologies today. BorgWarner, an established global leader in the advancement and supply of AWD systems, delivers breakthroughweight and efficiency improvements, along with the necessary performance enhancements in today’s AWD systems. With the development of these next-generation actuators for… Continue reading BorgWarner’s next-gen AWD actuators spell gains for OEMs

Mapbox and SoftBank form joint venture to provide mapping tech to Japanese developers

SoftBank Corp. and Mapbox, the mapping data company that competes with Google and Here, announced that they have established a joint venture called Mapbox Japan. The JV will provide Mapbox’s mapping platform, including APIs and data services, to developers in Japan. Between June 1 and September 30, Mapbox Japan will also provide up to three… Continue reading Mapbox and SoftBank form joint venture to provide mapping tech to Japanese developers

2 accused of smuggling ex-Nissan boss out of Japan in a box

Authorities say Ghosn was inside one of the big black boxes, lugged by the two men to Japan’s Kansai International Airport. WASHINGTON – A former Green Beret and his son were arrested Wednesday in Massachusetts on charges they smuggled Nissan Motor Co. Chairman Carlos Ghosn out of Japan in a box while he awaited trial… Continue reading 2 accused of smuggling ex-Nissan boss out of Japan in a box

Southeast Asian ride-hailer TADA announces extended Series A funding

MVLLABS (MVL), the parent company of zero-commission ride-hailing operator TADA, has announced the completion of a Series A extension round led by Shinhan Bank, one of South Korea’s largest commercial banks by assets. Other investors, including Samkee Automotive, an international die-casting specialist, and iloom, a South Korean home living and furniture brand, also participated in… Continue reading Southeast Asian ride-hailer TADA announces extended Series A funding

Nissan says it has noted U.S. arrests in Ghosn case, reserves right for legal measures

FILE PHOTO: Former Nissan chairman Carlos Ghosn gestures during a news conference at the Lebanese Press Syndicate in Beirut, Lebanon January 8, 2020. Picture taken January 8, 2020. REUTERS/Mohamed Azakir TOKYO (Reuters) – Nissan Motor Co said on Thursday it still reserves the right to take further legal measures in the case of its ousted… Continue reading Nissan says it has noted U.S. arrests in Ghosn case, reserves right for legal measures