As India scrambles to keep its citizens safe from the coronavirus, local ride-hailing giant Ola has stepped up to help. The Indian firm has made its technology platform — which is capable of, among other things, conducting real-time tracking and navigation and managing crowds — available to the federal and state governments at no cost.… Continue reading Ola opens its tech platform to Indian government to combat coronavirus crisis
Category: News Site
SEAT aims to restart car factories in Spain on April 27
FILE PHOTO: Spanish car maker SEAT presents their new model Leon in their factory of Martorell, near Barcelona, Spain January 28, 2020. REUTERS/Albert Gea MADRID (Reuters) – Carmaker SEAT plans to start up its plants in Spain on April 27, almost six weeks after it halted all output due to one of the world’s worst… Continue reading SEAT aims to restart car factories in Spain on April 27
Ferrari begins making respirator valves at Maranello plant
Ferrari has started to produce respirator valves and fittings for protective masks at its Maranello plant as one of its initiatives in support of health workers treating coronavirus patients. The department where car prototypes are usually built is producing these thermoplastic components using additive manufacturing technology. Some valves have been developed by Mares, a diving… Continue reading Ferrari begins making respirator valves at Maranello plant
365 DAYS TO ALL-ELECTRIC. KARMA AUTOMOTIVE ANNOUNCES HIGH-RANGE REVERO SEDAN TO LAUNCH IN SPRING 2021.
VIEW ALL () x Apr 16,2020 Estimated 300 Miles of Emissions-Free Driving at Launch, 400-Mile Hyper Range Model Schedule later in 2021. Karma’s E-Flex Platform and New Battery Technology Featured Reservation Process Set to Open in Coming Months Irvine, Calif. (April 16, 2020) Karma Automotive today announced the expansion of its hallmark Revero series… Continue reading 365 DAYS TO ALL-ELECTRIC. KARMA AUTOMOTIVE ANNOUNCES HIGH-RANGE REVERO SEDAN TO LAUNCH IN SPRING 2021.
Workhorse Truck-Mounted Delivery Drone Could Soar In Post-COVID-19 World
Workhorse Group, Inc. (NASDAQ: WKHS) is seeking additional patent protection for its truck-mounted Horsefly delivery drone because customers say touchless delivery will carry over beyond the coronavirus pandemic to life after the health crisis. “In the last several months we have seen significant and growing interest in our vehicle-launched HorseFly delivery drone, making the need… Continue reading Workhorse Truck-Mounted Delivery Drone Could Soar In Post-COVID-19 World
Workhorse Receives $1.4 Million From U.S. Small Business Administration Through its CARES Act Paycheck Protection Program
CINCINNATI, April 16, 2020 /PRNewswire/ — Workhorse Group Inc. (NASDAQ: WKHS) (“Workhorse” or “the Company”), an American technology company focused on providing sustainable and cost-effective electric vehicles to the last mile delivery sector, recently entered into a Paycheck Protection Program Term Note (“PNC Note”) with PNC Bank under the Paycheck Protection Program (“PPP”) of the recently enacted Coronavirus… Continue reading Workhorse Receives $1.4 Million From U.S. Small Business Administration Through its CARES Act Paycheck Protection Program
Peugeot’s Vauxhall prepares safety steps for UK plant reopenings
FILE PHOTO: Parked cars are seen at the Vauxhall plant as the outbreak of the coronavirus disease (COVID-19) continues, in Ellesmere Port, Britain March 16, 2020. REUTERS/Phil Noble/File Photo LONDON (Reuters) – Peugeot’s (PEUP.PA) British brand Vauxhall, which operates two factories, is planning several safety measures including temperature checks, face mask-wearing and shift rescheduling to… Continue reading Peugeot’s Vauxhall prepares safety steps for UK plant reopenings
Volvo Cars to restart production in Sweden next week
FILE PHOTO: A Volvo logo is seen at a car dealership in Vienna, Austria, May 30, 2017. REUTERS/Heinz-Peter Bader/File Photo FRANKFURT (Reuters) – Volvo Cars will reopen its Torslanda factory and offices in Sweden next week after overhauling its production processes to help prevent coronavirus infections, following a three week shutdown caused by the pandemic,… Continue reading Volvo Cars to restart production in Sweden next week
Autofleet Raises $7.5M in Series A Funding
Autofleet, a Tel Aviv, Israel-based provider of AI-powered fleet optimization and vehicle-as-a-service solutions, raised $7.5m in Series A and seed financing. The Series A was led by MizMaa Ventures with participation from mobility-focused investors Maniv Mobility, Next Gear Ventures and Liil Ventures. The seed financing was led by Maniv Mobility. The company intends to use… Continue reading Autofleet Raises $7.5M in Series A Funding
Motherson Sumi explores new acquisitions at low valuations
The unprecedented Covid-19 pandemic has brought forth challenges for countries and companies but for a few robust and well-placed organisations, it is an opportunity to drive growth through acquisitions. Motherson Sumi Systems (MSSL), the leading global automotive component manufacturing company, has announced its preparedness to tackle the Covid-19 impact, and also given a glimpse about… Continue reading Motherson Sumi explores new acquisitions at low valuations