Last Wednesday, during Tesla’s earnings call, we learned that CEO Elon Musk planned to restructure the company and to cut the number of contractors used at Tesla’s factories. That day came suddenly this morning. Electrek reported this morning that it had obtained an internal memo from Musk noting that contractors’ time was up, and that… Continue reading Tesla reportedly locks out contractors in midst of Model 3 ramp up
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New Volvos will have Google Maps, apps, and Assistant — even if you don’t have an Android phone
Google’s previously announced integration with Volvo cars is finally solidifying. Ahead of this week’s I/O developer conference, the company announced today that it will add Google Maps, Assistant, and Google Play Store to the Sensus infotainment system in Volvo’s next-generation cars over the next few years. Volvo announced at last year’s conference that it was… Continue reading New Volvos will have Google Maps, apps, and Assistant — even if you don’t have an Android phone
Car industry on alert over reports some hybrids face a ban
The UK’s car industry has hit out at the government over unconfirmed reports ministers will target hybrid vehicles as part of a new emissions crackdown. New cars unable to do at least 50 miles on electric power may be banned by 2040, a ruling that would hit the UK’s best-selling hybrid, Toyota’s Prius. The SMMT… Continue reading Car industry on alert over reports some hybrids face a ban
Terra Motors raises USD 10 million to expand in markets like India, Bangladesh
An e-rickshaw from Terra Motors Japan-based Terra Motors, an electric vehicle start-up company announced today that it has secured $10 million (Rs 67 crores) from foreign investors including Fenox Venture capital (US) and other Japanese bank affiliated venture capital investors to accelerate their global expansion. Terra Motors, with a portfolio of electric two and three… Continue reading Terra Motors raises USD 10 million to expand in markets like India, Bangladesh
18,812 light commercial vehicles registered in the month of April
The month of April closed with 18,812 light commercial vehicles registered in Spain, an amount that represents a growth of 22% compared to the same month last year. In the first quarter of the year, the registrations of light commercial vehicles have reached a total of 71,254 units, which represents 12.4% more than in January-April… Continue reading 18,812 light commercial vehicles registered in the month of April
BRIEF-Tesla Says We Continually Evaluate Capital Expenditure Needs & May Raise Additional Capital To Fund Growth Of Business
May 7 (Reuters) – Tesla Inc: * TESLA, GIVING NO TIMEFRAME, SAYS WE CONTINUALLY EVALUATE CAPITAL EXPENDITURE NEEDS & MAY RAISE ADDITIONAL CAPITAL TO FUND GROWTH OF BUSINESS – SEC FILING Source text: [bit.ly/2FRNCLs] Further company coverage: Our Standards:The Thomson Reuters Trust Principles. Go to Source
Automobili Pininfarina Will Deliver an Electric Hypercar in 2020
The famous Italian styling house won’t just design cars for others any more—it’ll make them itself. @MAROCCIAPHOTO Pininfarina has decades of esteemed automotive design under its belt. Its current Indian ownership, Mahindra & Mahindra concluded that it was time for Pininfarina to graduate from design alone, and begin selling cars under its own name. On… Continue reading Automobili Pininfarina Will Deliver an Electric Hypercar in 2020
Lawsuit and arrest warrant in the US: Ex-VW boss Winterkorn apparently ready to testify
All articles and backgrounds 07/05/2018 Complaint and arrest warrant in the US Ex-VW boss Winterkorn apparently ready to testify Bongarts / Getty Images In the sights of justice: Martin Winterkorn The former VW CEO Martin Winterkorn wants to comment on the serious allegations in the exhaust gas scandal, according to insiders at the appropriate opportunity.… Continue reading Lawsuit and arrest warrant in the US: Ex-VW boss Winterkorn apparently ready to testify
PSA to partner with Indian Tata to create low-cost vehicles for emerging markets
PSA will team up with Indian industrialist auntie to design low-cost vehicles for emerging countries, according to the newspaper Les Echos. He added that Carlos Tavares spent three days there in mid-April to oversee the progress of a program based on the development of a new platform dedicated to a manufacturing price twice as low… Continue reading PSA to partner with Indian Tata to create low-cost vehicles for emerging markets
Terra Motors raises 10 million dollar fund to expand in Asian market
New Delhi: Japan-based Terra Motors an electric vehicle start-up company on Monday announced that it has secured $10 million from foreign investors including Fenox Venture capital (US) which is one of the famous Silicon Valley based venture capital, and other Japanese bank affiliated venture capital investors to accelerate their global expansion. Commenting on global expansion… Continue reading Terra Motors raises 10 million dollar fund to expand in Asian market