Category: News Site

Tata Motors, two group finance firms accused of antitrust violations in India: sources

NEW DELHI (Reuters) – India’s competition regulator is examining allegations that Tata Motors and two finance firms of its $100 billion parent group abused their market position while selling commercial vehicles, according to three sources and legal documents seen by Reuters. FILE PHOTO: A Tata Motors logo is pictured outside the company showroom in Mumbai,… Continue reading Tata Motors, two group finance firms accused of antitrust violations in India: sources

Rumor Mill: All-Electric BMW 5-Series And 7-Series Coming Soon

According to the German newspaper Handelsblatt, BMW intends to introduce all-electric version of its 7-Series and 5-Series, which currently were available with conventional and plug-in hybrid drive systems. The 7-Series BEV is expected in 2022, while the 5-Series BEV in 2023. As the German manufacturer is betting on flexibility, both models will stay available in… Continue reading Rumor Mill: All-Electric BMW 5-Series And 7-Series Coming Soon

Idriverplus partners Velodyne Lidar for mass production of autonomous vehicles

Idriverplus, a Chinese company that provides multi-functional solutions for autonomous driving systems has partnered with Velodyne Lidar for procuring Puck sensors over three years for the mass production of its commercial autonomous vehicles, including street cleaners, passenger cars and logistics vehicles. Idriverplus is currently into the commercial deployment of more than 1,000 units of unmanned,… Continue reading Idriverplus partners Velodyne Lidar for mass production of autonomous vehicles

Qure.ai Raises $16M in Funding

Qure.ai, a Mumbai, India-based healthcare AI company, raised $16M in funding. The round was led by Sequoia India with participation from MassMutual Ventures Southeast Asia (SEA). The company intends to use the funds to drive geographical expansion, expand product portfolio and support regulatory clearances. Founded in 2016 by Prashant Warier and Dr. Pooja Rao, and… Continue reading Qure.ai Raises $16M in Funding

Ford’s Spin electric scooters are coming to Europe

Spin, the dockless electric scooter company purchased by Ford in 2018, is expanding beyond the US. TechCrunch reports that the company is launching its electric scooter rental service in Cologne, Germany this Spring, with launches in other German cities planned to follow. Until now Spin has operated exclusively in the USA. Its website says that… Continue reading Ford’s Spin electric scooters are coming to Europe

Aston Martin losses deepen as it issues coronavirus warning

Aston Martin Outbreak could hit supply chain and sales of carmaker, whose financial chief is to leave Coronavirus – latest updates Prince Charles (left) drives the company’s first SUV, the Aston Martin DBX, during his visit to its new manufacturing plant in St Athan, Wales. Photograph: Chris Jackson/Getty Images Aston Martin’s losses widened in 2019… Continue reading Aston Martin losses deepen as it issues coronavirus warning

Tesla tells Model Y RWD buyers to ‘prepare for delivery’

Tesla is starting to tell people who pre-ordered the Model Y Long Range RWD, a version not yet available to order, to “prepare for delivery” just a few days after confirming deliveries of the higher-end versions of the electric SUV. As we reported earlier this week, Tesla is starting to confirm Model Y deliveries to customers… Continue reading Tesla tells Model Y RWD buyers to ‘prepare for delivery’

Aston Martin shares slide as losses deepen and finance chief leaves

LONDON (Reuters) – Aston Martin (AML.L) shares slumped to a record low on Thursday after the British luxury carmaker said its losses ballooned last year and its chief financial officer would leave by the end of April. FILE PHOTO: Aston Martin DBX, the company’s first sport utility vehicle, is displayed at its global launch ceremony… Continue reading Aston Martin shares slide as losses deepen and finance chief leaves