Category: News Site

Intuition Robotics Raises $36M in Series B Funding

Intuition Robotics, a Ramat Gan, Israel-based developer of digital companion technologies, raised $36M in Series B funding. The round, which brought total funding to $58M, was co-led by SPARX Group and OurCrowd, with participation from Toyota AI Ventures, Sompo Holdings, iRobot, Union Tech Ventures, Happiness Capital, Samsung Next, Capital Point and Bloomberg Beta. In conjunction… Continue reading Intuition Robotics Raises $36M in Series B Funding

Nissan slashes profit outlook after sales slide, says more restructuring needed

YOKOHAMA (Reuters) – Nissan Motor Co (7201.T) on Thursday cut its annual operating profit forecast by 43%, hit by a slump in vehicle sales and heaping more pressure on new management to fix a company still reeling from the scandal surrounding former leader Carlos Ghosn. Nissan Motor Co CEO Makoto Uchida speaks during a news… Continue reading Nissan slashes profit outlook after sales slide, says more restructuring needed

Tesla issues voluntary recall for 15,000 Model X electric SUVs

Tesla is issuing a voluntary recall for about 15,000 Model X electric SUVs in order to replace a power steering component that could be an issue. In 2018, Tesla issued a similar voluntary recall on all 123,000 pre-April 2016 Model S vehicles. Now the automaker is addressing the same issue “proactively” on Model X vehicles… Continue reading Tesla issues voluntary recall for 15,000 Model X electric SUVs

Ion Electric in talks to raise $3m from Monk’s Hill Ventures

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to… Continue reading Ion Electric in talks to raise $3m from Monk’s Hill Ventures

Karma Automotive to lay off 60 more workers at California headquarters

Karma Automotive is laying off 60 workers at its Irvine, Calif., headquarters, just three months after cutting 200 workers, according to documents filed with the California Employment Development Department. The Chinese-backed California-based startup filed the notice under the Worker Adjustment and Retraining Notification Act, which requires employers to alert the state of mass layoffs. The… Continue reading Karma Automotive to lay off 60 more workers at California headquarters

E.ON And Volkswagen Aim To Make Fast Charging Possible Everywhere

Energy company E.ON and Volkswagen Group Components join forces to make ultra-fast charging simpler, less expensive and possible everywhere – compared to standard solutions. The idea is to use a fast charger equipped with its own battery energy storage, so the unit would be flexible in terms of power supply and faster to install. In most… Continue reading E.ON And Volkswagen Aim To Make Fast Charging Possible Everywhere

Hyundai 45 Concept To Enter Production: Spy Shots Of Prototype

The Hyundai 45 concept was one of the most interesting concepts at the 2019 Frankfurt Motor Show (see details here) and it seems it will enter production in the near future (maybe in 2021). Our spies recently caught one of the prototypes. The test vehicle (codenamed NE internally) was heavily camouflaged, which confirms that Hyundai… Continue reading Hyundai 45 Concept To Enter Production: Spy Shots Of Prototype

Tesla recalls 15,000 Model X SUVs for power steering issue in North America

FILE PHOTO: A Tesla Model X electric car is seen at Brussels Motor Show, Belgium, January 9, 2020. REUTERS/Francois Lenoir/File Photo WASHINGTON (Reuters) – Tesla Inc (TSLA.O) is recalling 15,000 Model X SUVs because of a potential issue that can lead to a loss of power steering assist that could make steering harder and increase… Continue reading Tesla recalls 15,000 Model X SUVs for power steering issue in North America