Another start-up from China is planning to launch the robot taxi service commercially: Caocao Chuxing. AutoX has just started its robot taxi service in Shanghai. The start-up WeRide wants to start next year and Pony.ai wants to be ready for the market in five years. These startups are not the only ones and most are… Continue reading Geely & Caocao Chuxing: robot taxis from 2021
Category: News Site
AutoX starts official robot taxi service in Shanghai
The start-up AutoX has integrated its app into the Alibaba app area. The service is now officially on the market. Nice Waymo has put its app online for using the robot taxi service, but can only be used by selected people. The Chinese start-up AutoX operates in the USA also a robot taxi service, but… Continue reading AutoX starts official robot taxi service in Shanghai
Europcar Updates Financial Plan
Europcar is continuing its negotiation with some of its lending banks to obtain additional financing guaranteed by the French State via the BPI. Photo via Depositphotos. As part of the cash preservation plan announced on March 23, and updated April 15, Europcar has finalizated the second tranche of its Spanish State guaranteed program, with new three-year maturity… Continue reading Europcar Updates Financial Plan
Avis Receives Loan
Photo via Travelarz/Wikimedia. Avis Budget Group has received a waiver of the leverage covenant included in its existing senior credit facilities, comprised of a term loan and revolving credit facility, until June 30, 2021. The waiver is included in an amendment to the credit facilities, which allows Avis to incur an additional $750 million of first lien… Continue reading Avis Receives Loan
Hyundai’s debt offerings draw strong response
SEOUL, April 28 (Yonhap) — Hyundai Motor Co.’s planned 300 billion won (US$240 million) worth of corporate bond sales have received a strong market response despite the coronavirus impact on the automobile sector, financial sources said Tuesday. Hyundai will sell the debt with a maturity period of three to seven years on May 8, to… Continue reading Hyundai’s debt offerings draw strong response
Tecton.ai emerges from stealth with $20M Series A to build machine learning platform
Three former Uber engineers, who helped build the company’s Michelangelo machine learning platform, left the company last year to form Tecton.ai and build an operational machine learning platform for everyone else. Today the company announced a $20 million Series A from a couple of high-profile investors. Andreessen Horowitz and Sequoia Capital co-led the round with… Continue reading Tecton.ai emerges from stealth with $20M Series A to build machine learning platform
Pitstop launches contactless doorstep car repair and maintenance service
Pitstop, a doorstep car services company has announced a contactless doorstep car repair and maintenance service initiative christened Pitstop Revive, which includes a comprehensive 6 point inspection and action to ensure optimum condition of the car. The company says that unprecedented lockdown due to Covid-19 has seen many cars being stationary for over a month,… Continue reading Pitstop launches contactless doorstep car repair and maintenance service
Nissan completes fiscal year for the first time in eleven years
Posted on Apr. 28, 2020, 4:30 p.m. Legally forced to inform the Tokyo Stock Exchange of the sudden deterioration in its performance, Nissan’s communications department improvised an unnecessarily convoluted statement on Tuesday to avoid letting go of the taboo word “losses”. However, the Japanese group and major partner of Renault is well on the point… Continue reading Nissan completes fiscal year for the first time in eleven years
VW CEO Worried About Tesla’s Industry Lead In Autonomous Tech And Software
It’s plainly obvious just by looking at what it has to offer compared to the established automakers that Tesla is ahead of them in so many fields. It not only provides the some of the quickest and longest range EVs around, but its Autopilot semi-autonomous driving tech and over the air updates have other manufacturers… Continue reading VW CEO Worried About Tesla’s Industry Lead In Autonomous Tech And Software
Toyota: Hybrids Remain A Core Part But Naturally Lead To BEV And FCEV
Toyota passes 15 million hybrid electric vehicles global sales Pioneer and leader in hybrid electric technology, Toyota has crossed the symbolic milestone of 15 million hybrid vehicles sold since the 1997 launch of the iconic Prius, the first full hybrid mass-produced car Now offered on 44 individual models across a wide range of size and… Continue reading Toyota: Hybrids Remain A Core Part But Naturally Lead To BEV And FCEV