Grant-funded by Innovate UK, Equipmake, HiETA collaborate for low-cost lightweight electric motor. The first prototypes are set to be ready in 12 months. Electrification company, Equipmake, and leading additive manufacturing business HiETA are collaborating on an innovative new electric motor. Codenamed AMPERE, the new motor will draw on Equipmake’s expertise in electric motor design and… Continue reading Equipmake, HiETA collaborate for low-cost lightweight efficient electric motor
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Five, the self-driving startup, raises $41M and pivots into B2B, away from building its own fleet
We are still years away from a time when fully-autonomous cars will be able to drive us from A to B, and the complexity of getting to that point is likely going to need hundreds of billions of dollars of investment before it becomes a reality. That hard truth is leading to some shifts in… Continue reading Five, the self-driving startup, raises $41M and pivots into B2B, away from building its own fleet
Uber sold its food delivery business in India to Zomato for $206M
Uber sold its food delivery business in India to the local rival Zomato for $206 million, the American ride-hailing company disclosed in a regulatory filing in one of its key overseas markets. In January, Uber announced that it had sold the India business of Uber Eats to Zomato for a 9.99% stake in the loss-making… Continue reading Uber sold its food delivery business in India to Zomato for $206M
Vantage sells Kia and Honda Bradford dealerships
Vertu Motors has acquired the Kia Bradford and Honda Bradford businesses from Vantage Motor Group. This £4m transaction will bring the number of outlets operated by the Group in Yorkshire to 18. Colleagues at Bradford Honda and Kia will join Vertu Motors, ensuring customers are welcomed by familiar faces with valuable Honda and Kia experience… Continue reading Vantage sells Kia and Honda Bradford dealerships
China’s BYD collects $190m in subsidies for electric cars
GUANGZHOU — BYD, China’s leading manufacturer of electric vehicles, recently received 1.34 billion yuan ($191 million) in government subsidies as it grapples with a reduction in incentives and the prospect of a further downturn in sales. The subsidies, which apply to vehicles sold in 2017, will be used in part to improve cash flow and pay down debt,… Continue reading China’s BYD collects $190m in subsidies for electric cars
The Koenigsegg Gemera is a four-seater hybrid with 31 miles of EV-only range
By Tony Markovich The rumor was right. Koenigsegg has just unveiled the Gemera, an all-new member to the family that sports four seats, two scissor doors, and a massively powerful hybrid powertrain that still allows for pure electric driving. In the same breath, Koenigsegg also unveiled the Jesko Absolut, the fastest road car the company… Continue reading The Koenigsegg Gemera is a four-seater hybrid with 31 miles of EV-only range
Goodyear’s smart tire concept ‘prints’ its own treads
Sponsored Links Goodyear Tires The thunk-whumma-whumpa-whuppa sound of a tire puncturing and losing pressure at freeway speeds is unmistakable. However, if Goodyear has its way humanity might not have to endure the filthy, sweaty, swear-inducing process of swapping rubber on the shoulder of American roads ever again. The Geneva Auto Show has been canceled, but… Continue reading Goodyear’s smart tire concept ‘prints’ its own treads
Electric cars lack mainstream appeal, Peugeot CEO says
FILE PHOTO: Carlos Tavares, chief executive officer of PSA Group, speaks during the annual results news conference at their headquarters in Rueil-Malmaison, near Paris, France, February 26, 2020. REUTERS/Benoit Tessier/File Photo FRANKFURT (Reuters) – Electric cars are only bought by “green addicts” and lack broader appeal needed to reach mainstream consumers, Peugeot Chief Executive Carlos… Continue reading Electric cars lack mainstream appeal, Peugeot CEO says
Daimler CEO says ‘no issues’ with supplies of electric vehicle battery cells
FILE PHOTO: Ola Kaellenius, CEO of German luxury car manufacturer Daimler AG, speaks at the annual results news conference in Stuttgart, Germany, February 11, 2020. REUTERS/Andreas Gebert (Reuters) – Daimler AG Chief Executive Ola Kaellenius said Tuesday the automaker has ‘no issues’ securing electric vehicle battery cells, and is ramping up battery production to meet… Continue reading Daimler CEO says ‘no issues’ with supplies of electric vehicle battery cells
Brexit: Peugeot could seek compensation to keep UK factory open
Vauxhall British government should cover cost of a bad deal for Vauxhall plant, boss suggests A Vauxhall worker at Ellesmere Port, Cheshire. The factory is seen as vulnerable and its owner, PSA, has already stopped investing in it. Photograph: Bloomberg/Bloomberg via Getty Images Peugeot could demand compensation from the British government to keep its Vauxhall… Continue reading Brexit: Peugeot could seek compensation to keep UK factory open