TALLINN, May 6 (Reuters) – Estonian ride-sharing service Bolt on Wednesday launched its own electric scooter model and said it aims to launch the scooter service in more than 45 cities this summer. Bolt, which has grabbed business from Uber mostly in major African cities and Eastern Europe, has more than 30 million users in… Continue reading Uber rival Bolt aims to launch scooters in 45 cities
Category: News Site
Rumor: Nissan To Pull Back From Europe
We do not hear much about Nissan in the EV space in recent years, as the Japanese company really distanced itself from the electric cars after the initial push for the LEAF and e-NV200. There was a hope that with a new all-electric platform, Nissan will rebound with new models. However, after the Carlos Ghosn… Continue reading Rumor: Nissan To Pull Back From Europe
Uber CEO tells employees that it is finalizing layoffs as fears circulate among staff that 4,000 jobs will be cut (UBER)
Uber’s CEO told employees during an all-hands meeting on Tuesday that it was close to finalizing layoffs, saying that plans would be announced within two weeks. Some employees think layoffs could hit next week, with one source telling Business Insider that the company could trim 4,000, including attrition. The company has already slashed jobs at… Continue reading Uber CEO tells employees that it is finalizing layoffs as fears circulate among staff that 4,000 jobs will be cut (UBER)
Tesla improves on its ‘million-mile battery’ with less cobalt and higher energy density
Tesla has made even more battery improvements on its new ‘million-mile battery’ now with less cobalt, which could result in lower cost and even more energy density. Last year, we were the first to report on Tesla’s battery research partner, Jeff Dahn and his team at Dalhousie University, unveiling the impressive results of tests on… Continue reading Tesla improves on its ‘million-mile battery’ with less cobalt and higher energy density
BMW Thinks The Key To Wider EV Adoption Is Battery Price Reduction
Today, we wrote about how Benchmark Mineral Intelligence believes controlling the price of raw materials may help reduce battery prices and keep them low. That would require getting car companies involved with the mining business. We also published that recycling may help keep those prices down as well. Whether with mining or recycling, BMW believes… Continue reading BMW Thinks The Key To Wider EV Adoption Is Battery Price Reduction
Car rental firm Hertz gets more time from lenders to avoid bankruptcy
May 5 (Reuters) – Struggling car rental company Hertz Global Holdings Inc said on Tuesday its lenders have extended the deadline for certain loan repayments, giving it more time to come up with a financing plan to avoid a possible bankruptcy. The deadline has now been extended until May 22, the company said in a… Continue reading Car rental firm Hertz gets more time from lenders to avoid bankruptcy
Uber partners with CloudTrucks to help drivers get trucking jobs
Uber has partnered with trucking startup CloudTrucks to make it easier for its ride-hail drivers to get jobs as truckers during the pandemic. Described as a “business in a box,” CloudTrucks is designed to make it easier for truck owners and operators to run their businesses. Through software and data science, CloudTrucks aims to reduce… Continue reading Uber partners with CloudTrucks to help drivers get trucking jobs
As Uber (reportedly) squeezes Lime, scooter startups run low on juice
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. In December of 2019, this column wrote an entry detailing Uber’s micro-mobility efforts. Just six months ago — a mere two quarters — Uber’s Jump team was on the record saying that its parent company… Continue reading As Uber (reportedly) squeezes Lime, scooter startups run low on juice
Lyft offers new cheaper rides with more waiting time
FILE PHOTO: The Lyft logo is seen on a parked Lyft Scooter in Washington, U.S., March 29, 2019. REUTERS/Brendan McDermid (Reuters) – Lyft Inc (LYFT.O) said on Tuesday it would expand its program that provides cheaper rides to customers willing to wait longer for their pick-ups, at a time when curbs against the coronavirus outbreak… Continue reading Lyft offers new cheaper rides with more waiting time
Judge questions VW’s defense in landmark case over diesel damages
FILE PHOTO: A logo is seen on a Volkswagen Beetle car during a ceremony marking the end of production of VW Beetle cars, at company’s assembly plant in Puebla, Mexico, July 10, 2019. REUTERS/Imelda Medina/ KARLSRUHE, Germany (Reuters) – A German federal court judge cast doubt on Volkswagen’s (VOWG_p.DE) reasoning after the carmaker urged the… Continue reading Judge questions VW’s defense in landmark case over diesel damages