Kia Motors, which has in a short span of time got a strong foothold in the Indian market, first with the Seltos SUV and more recently with the Carnival MPV, is now gearing up to launch its third product – the Sonet compact SUV – later this year. Revealed as a concept at the Auto… Continue reading Kia Motors India targets sale of 70,000 Sonet SUVs in first year
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KARMA AUTOMOTIVE DEBUTS E-FLEX PLATFORM WITH SUPERCAR-CAPABLE ARCHITECTURE
VIEW ALL () x Apr 23,2020 Karma’s High-Performance Platform Features Four-Motor, All-Wheel-Drive System Fully-Electric BEV Platform Capable of 1,100 HP and a Targeted 0-60 mph in less than 1.9 Seconds Package of Racing-Inspired Structural, Componentry, and Technology Offer Cost Efficient, Fast-to-Market Solutions Irvine, Calif. (April 23, 2020) – Karma Automotive today announced the initial development-stage… Continue reading KARMA AUTOMOTIVE DEBUTS E-FLEX PLATFORM WITH SUPERCAR-CAPABLE ARCHITECTURE
Trōv Mobility Launches Rapid-Quote Program for Last-Mile Delivery Insurance
Photo via Flickr/US Dept. of Agriculture. This week, Trōv Mobility announced the launch of its Rapid-Quote Program, designed to help U.S. delivery drivers get on the road more quickly in response to the need for last-mile delivery services as a result of the COVID-19 crisis. The program can be utilized by delivery platforms, OEMs, auto… Continue reading Trōv Mobility Launches Rapid-Quote Program for Last-Mile Delivery Insurance
Volkswagen resumes production of electric cars in Zwickau
The Volkswagen plant in Zwickau has resumed production of the all-electric ID.3 resumed from Thursday, initially with reduced capacity and significantly slower cycle times. Numerous additional measures to protect the health of the workforce are being implemented, and the restart is also oriented to the gradual stabilisation of international supply chains. Thomas Ulbrich, Volkswagen Brand board… Continue reading Volkswagen resumes production of electric cars in Zwickau
Sweden’s Veoneer to exit brake control business
STOCKHOLM, April 23 (Reuters) – Swedish auto technology group Veoneer said late Thursday it would exit its brake control business following a strategic review, and had inked a non-binding deal to sell its U.S. brake control programs to an unnamed automotive supplier. Loss-making Veoneer, which makes radars, vision systems and software for advanced driver-assistance systems,… Continue reading Sweden’s Veoneer to exit brake control business
UAW president: ‘It’s risky’ to send factory workers back to auto plants in early May
CLOSE Michelle Voineag knew her brother Eric Dubke was sick, but no one could have prepared them for how quickly COVID-19 took his life. Detroit Free Press UAW President Rory Gamble said Thursday the labor union does not support sending factory workers back into the plants in early May, as some automakers have suggested. “We feel… Continue reading UAW president: ‘It’s risky’ to send factory workers back to auto plants in early May
Nuvocargo, a trucking managed marketplace, raises $5.3M in seed funding
U.S. companies rely on Mexican manufacturers for goods ranging from automotive and aerospace parts, to avocados and other produce, to electronics and furniture. But the trucking system that transports these things across the border relies on an inefficient mix of paper, phone calls, faxes and too many stakeholders who drive up costs. These snarls congesting… Continue reading Nuvocargo, a trucking managed marketplace, raises $5.3M in seed funding
Tesla appoints former head of Japan’s Government Pension Investment Fund to its board
Tesla appoints Hiromichi (Hiro) Mizuno, Japan’s Government Pension Investment Fund former head, to the board of directors. Today, Tesla announced that its board has authorized the number of directors on the Board of Directors to increase from nine to ten in order to appoint Mizuno Mizuno was Executive Managing Director and Chief Investment Officer of… Continue reading Tesla appoints former head of Japan’s Government Pension Investment Fund to its board
China’s new EV subsidies disqualify luxury models from Tesla, BMW, and Daimler
China announced today that it cut subsidies for electric cars by 10% this year, followed by further reductions in the next two years. The reduced subsidies are now only available to passenger cars costing less than 300,000 yuan ($42,400). Tesla’s China-made Model 3 sedan is currently priced at 323,800 ($45,800). The exclusion of high-priced EVs… Continue reading China’s new EV subsidies disqualify luxury models from Tesla, BMW, and Daimler
Didi raises $1 billion in push for 100 million daily trips
Chinese ride-hailing platform Didi Chuxing has reportedly secured a $1 billion round of fresh funding for its bike rental business Qingju, as the company seeks to diversify growth in the Chinese mobility market with a target of 100 million daily trips for the next three years. People familiar with the deal told LatePost (in Chinese)… Continue reading Didi raises $1 billion in push for 100 million daily trips