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
Category: News Site
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
Toyota to gradually resume North America production starting May 4
FILE PHOTO: A man walks past a Toyota logo at the Tokyo Motor Show, in Tokyo, Japan October 24, 2019. REUTERS/Edgar Su (Reuters) – Toyota Motor Corp (7203.T) said on Thursday it expects to gradually resume North American production starting May 4 and will impose significant new safety procedures after it halted operations in March… Continue reading Toyota to gradually resume North America production starting May 4
Sony Vision-S Electric Crossover Renderings Show Off Sleek Design
Sony surprised us earlier this year with the Vision-S at the Consumer Electronics Show. It was a concept car designed to showcase the company’s various automotive technologies in one sleek package. However, it didn’t remain Sony’s only car. A video highlighting the Vision-S shortly after the reveal briefly showed the front clip of a high-riding,… Continue reading Sony Vision-S Electric Crossover Renderings Show Off Sleek Design
UPDATE 1-Honda extends North America auto production halt through May 8
FILE PHOTO: The logo of Honda is seen during the 87th International Motor Show at Palexpo in Geneva, Switzerland March 8, 2017. REUTERS/Arnd Wiegmann WASHINGTON (Reuters) – Honda Motor Co (7267.T) said on Thursday it will extend a shutdown of its North American auto plants through May 8, while also extending unpaid leave for many… Continue reading UPDATE 1-Honda extends North America auto production halt through May 8
GM ignition switch settlement with vehicle owners wins U.S. court approval
FILE PHOTO: The GM logo is seen at the General Motors plant in Sao Jose dos Campos, Brazil, January 22, 2019. REUTERS/Roosevelt Cassio NEW YORK (Reuters) – General Motors Co (GM.N) on Thursday won preliminary U.S. court approval of a $120 million settlement with owners who said defective ignition switches caused their vehicles to lose… Continue reading GM ignition switch settlement with vehicle owners wins U.S. court approval
GRCGDS Releases New Carshare Platform
Photo via Pxhere. UK Based software company GRCGDS Ltd announces the release of its new carshare platform, Car Share Gateway. “The new platform is a gateway for the car share industry,” said Rick Little, cofounder and company chairman, in a statement. The platform is designed to bring connectivity to a variety of keyless technologies under… Continue reading GRCGDS Releases New Carshare Platform