Ola said on Wednesday it is cutting 1,400 jobs in India, or 35% of its workforce in the home market, as the ride-hailing firm works to reduce its expense to steer through the coronavirus pandemic that has severely impacted mobility companies in the country. Bhavish Aggarwal, co-founder and chief executive of Ola, shared the job… Continue reading Indian ride-hailing firm Ola cuts 1,400 jobs
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Stanford researchers demonstrate major advance in dynamic charging
Stanford engineers say they have taken a big step toward a practical system for dynamic charging, which would allow EVs to recharge while hurtling down the highway. Stanford Professor Shanhui Fan has been working on dynamic charging for some time. In 2012, he and his team published a description of a dynamic system, which they… Continue reading Stanford researchers demonstrate major advance in dynamic charging
China’s Didi will begin using AI to run virus monitoring in Latin America
BEIJING, May 20 (Reuters) – China ride-hailing giant Didi Chuxing said on Wednesday that it will start using artificial intelligence (AI) technologies to verify if drivers in its Latin American markets wear masks and disinfect cars to keep rides safe amid the coronavirus pandemic. Didi, which is in eight countries across Latin America, Australia and… Continue reading China’s Didi will begin using AI to run virus monitoring in Latin America
Indonesian logistics startup Shipper said to have raised up to $20m from Naspers, others
Premium Indonesian logistics startup Shipper is said to have raised up to $20 million in its Series A round from South Africa-headquartered global internet group Naspers and return backers Lightspeed Venture Partners, Insignia Ventures Partners, and AC Ventures, according to two people closely involved with the deal. Go to Source
GM delays tentative restart for plant in Silao, Mexico to May 21
MEXICO CITY, May 19 (Reuters) – General Motors Co signaled it has pushed back the tentative date for restarting operations at its auto assembly plant in the central Mexican city of Silao to May 21 from May 20, according to a message to workers seen by Reuters on Tuesday. GM did not immediately reply to… Continue reading GM delays tentative restart for plant in Silao, Mexico to May 21
GM is working on a hands-off advanced driving system for city streets
GM has a “big team” working on an advanced version of its hands-free driving assistance system, Super Cruise, that will expand its capability beyond highways and apply it to city streets, the automaker’s vice president of global product development Doug Parks said Tuesday. GM is also continuing to improve its existing Super Cruise product, Parks… Continue reading GM is working on a hands-off advanced driving system for city streets
Tesla is set to produce 4,000 electric cars per week in Shanghai next month, Model Y in Q1 2021
Tesla is apparently going to exceed its planned Model 3 production capacity in the first phase of Gigafactory Shanghai, and Model Y production is going to start sooner than some think. When Tesla first announced its plans for a new factory in Shanghai, the automaker was aiming for the first phase to produce 150,000 Model… Continue reading Tesla is set to produce 4,000 electric cars per week in Shanghai next month, Model Y in Q1 2021
Dealers to source more cars online as lockdown eases
Dealers are set to see a “paradigm shift” in remarketing as more cars are sold online instead at physical auctions. That’s the view of online remarketing firm ADESA UK which said it was receiving “high levels” of enquiries from finance and leasing companies drawing up strategies to enable them to defleet the high volume of… Continue reading Dealers to source more cars online as lockdown eases
Santander unit agrees $550m deceptive lending settlement
Biggest US subprime car lender was accused of turning ‘blind eye to dealer abuse’ Go to Source
VW pays 9 mln eur to end proceedings against chairman, CEO
FILE PHOTO: The power station of the Volkswagen (VW) plant is pictured after VW starts shutting down production in Europe amid the outbreak of coronavirus disease (COVID-19) in Wolfsburg, Germany, late March 19, 2020. REUTERS/Fabian Bimmer FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) said it agreed with a German court to pay 9 million euros ($9.9 million)… Continue reading VW pays 9 mln eur to end proceedings against chairman, CEO