Almost as quickly as GrubHub’s stock price skyrocketed following reports Uber had made a takeover bid, so too came the backlash. The potential deal would create a delivery megalith with market share well over 50% in major cities, but also represents a “new low in pandemic profiteering,” as David Cicilline, a congressman and head of… Continue reading Wall Street loves the idea of Uber buying its competitor Grubhub, but analysts warn getting the deal done amid a pandemic won’t be easy (UBER, GRUB)
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Nissan could look at shutting Barcelona plant, no decision made: sources
(Reuters) – Nissan Motor (7201.T) may be looking at the possibility of closing its Barcelona factory but no final decision has been made as the Japanese carmaker plans a new global strategic direction, two sources with direct knowledge told Reuters. FILE PHOTO: A Nissan logo is pictured at Brussels Motor Show, Belgium, January 9, 2020.… Continue reading Nissan could look at shutting Barcelona plant, no decision made: sources
Exclusive: Renault to discontinue Espace model as carmaker cuts costs – sources
PARIS (Reuters) – Renault (RENA.PA) is preparing to substantially reduce its vehicle range, withdrawing well-known but ailing models like the Espace minivans, as part of looming cost cutting plans, four sources in the industry and close to the French carmaker said. FILE PHOTO: The logo of Renault carmaker is pictured at a dealership in Les… Continue reading Exclusive: Renault to discontinue Espace model as carmaker cuts costs – sources
Renault to discontinue iconic models as carmaker cuts costs: sources
FILE PHOTO: The logo of Renault carmaker is pictured at a dealership in Les Sorinieres, near Nantes, France, February 19, 2020. REUTERS/Stephane Mahe/File Photo PARIS (Reuters) – Renault (RENA.PA) is preparing to substantially trim down its vehicle range, withdrawing well-known but ailing models like the Espace minivans, as part of looming cost cutting plans, four… Continue reading Renault to discontinue iconic models as carmaker cuts costs: sources
Exclusive: Tesla’s secret batteries aim to rework the math for electric cars and the grid
(Reuters) – Electric car maker Tesla Inc (TSLA.O) plans to introduce a new low-cost, long-life battery in its Model 3 sedan in China later this year or early next that it expects will bring the cost of electric vehicles in line with gasoline models, and allow EV batteries to have second and third lives in… Continue reading Exclusive: Tesla’s secret batteries aim to rework the math for electric cars and the grid
Almost half of car dealers made job cuts in first month of COVID-19 lockdown
Six-in-10 car retailers believe that prolonged grants and support from Government are required to support the automotive retail sector through the COVID-19 coronavirus crisis as redundancies begin. A survey conducted by Close Brothers Motor Finance found that 61% thought the ongoing support would be necessary, with just over half (53%) calling on manufacturer support as… Continue reading Almost half of car dealers made job cuts in first month of COVID-19 lockdown
Kia’s future EVs will sport extra-fast 800V charging
Sponsored Links Engadget Super-speedy 800V charging won’t just be reserved for luxury EVs in the near future. As part of a roadmap outlining its next wave of electrification, Kia has revealed (via Autoblog) that some of its upcoming EVs will boast an 800V charging capacity — and not just in the high-end models. Instead, the… Continue reading Kia’s future EVs will sport extra-fast 800V charging
Exclusive: Electrify America Will Transition To Pay By kWh Pricing, And More
One of the biggest complaints that many users of the Electrify America network have will soon be history. In an exclusive interview with Electrify America’s President and CEO, Giovanni Palazzo, we learn that the dc fast charging giant will transition to a pay-by-kWh pricing structure. The departure from their current pay-by-time model was undoubtedly inspired… Continue reading Exclusive: Electrify America Will Transition To Pay By kWh Pricing, And More
FCA, PSA Group ditch dividend distribution over COVID-19
CLOSE The boards of Fiat Chrysler Automobiles and Peugeot maker PSA Group have nixed a planned dividend distribution in light of the coronavirus pandemic, but they say plans for their 50/50 merger remain on track. As part of their merger announcement last year, FCA and PSA Group had said each company would issue a $1.2 billion (1.1 billion euro) ordinary… Continue reading FCA, PSA Group ditch dividend distribution over COVID-19
GM predicts it will be back to full production in about 4 weeks
CLOSE Cadillac reinvents driving with system that steers car for long distances on highways The automaker brutalized by a 40-day UAW strike plans to take its sharpened rapid response skills and go from total shutdown to total production by mid-June, a top General Motors official acknowledged this week. “Not every facility will ramp up as fast as possible … Ideally,… Continue reading GM predicts it will be back to full production in about 4 weeks