TOKYO — Mazda Motor has decided to postpone restarting production at its Chinese factories until after Feb. 17 due to the ongoing coronavirus threat. The Japanese automaker had planned to resume operations at its main factory after Feb. 12, but has delayed the reopening to next week as it struggles to deal with supply chain… Continue reading Mazda delays restart of Chinese factories amid coronavirus threat
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Fair Ends Weekly Rentals for Uber Drivers
A spokesperson from Fair said that an unexpected increase in insurance premiums would have increased prices for its rideshare driver customers. Photo via Uber. Fair, a car leasing company, has announced that it will end its Fair Go program that helped Uber rideshare drivers lease cars on a weekly basis, according to a report by… Continue reading Fair Ends Weekly Rentals for Uber Drivers
BP boss Looney sets out to ‘reinvent’ oil giant with zero carbon goal
LONDON (Reuters) – BP set one of the oil sector’s most ambitious targets for curbing carbon emissions on Wednesday as new chief executive Bernard Looney began the biggest revamp in its 111-year history. BP’s new Chief Executive Bernard Looney gives a speech in central London, Britain February 12, 2020. REUTERS/Toby Melville While investor groups welcomed… Continue reading BP boss Looney sets out to ‘reinvent’ oil giant with zero carbon goal
Softbank executive says 40-50 winners among Vision fund companies
DUBAI, Feb 12 (Reuters) – Softank vision fund has 40-50 winners among its portfolio companies and a dozen or more could go for listings over the next 18 months, Rajeev Misra, chief executive of SoftBank Investment Advisers said on Wednesday. “We have roughly 50 winners, of course we have losers also, and the ones that… Continue reading Softbank executive says 40-50 winners among Vision fund companies
Petrol and diesel car sales ban could start in 12 years, says Shapps
The UK’s planned ban on sales of new petrol, diesel or hybrid cars could start as early as 2032, Transport Secretary Grant Shapps has said. Last week, the government sparked industry concern after bringing the date forward from 2040 to 2035 in a bid to hit zero-carbon emission targets. But Mr Shapps told BBC Radio… Continue reading Petrol and diesel car sales ban could start in 12 years, says Shapps
CEAT opens new plant in Tamil Nadu, plans additional Rs 4,000 crore investment by 2030
L-R: Anant Goenka, MD, CEAT Tyres and M C Sampath Minister of Industries at the inauguration function of CEAT’s new Tamil Nadu manufacturing facility. CEAT, one of the leading tyre manufacturers in India today expanded its presence in the country with its first greenfield plant in Kanchipuram, Tamil Nadu. The plant was inaugurated by Edappadi… Continue reading CEAT opens new plant in Tamil Nadu, plans additional Rs 4,000 crore investment by 2030
Nikola Badger pickup, Lister Storm EV, Navigator vs. Escalade: Today’s Car News – Motor Authority
Electric semi-trailer truck company Nikola is ready to expand into the world of pickup trucks. It’s announced a pickup called the Badger that has an extended-range electric powertrain—where the range extender is a hydrogen fuel cell stack. Historic British brand Lister has released a new teaser for a modern Storm supercar. While the original Storm… Continue reading Nikola Badger pickup, Lister Storm EV, Navigator vs. Escalade: Today’s Car News – Motor Authority
E-scooter start-ups braced for German crackdown
Crunch vote could lead to ban in Europe’s largest market for the vehicles Go to Source
Hyundai Group, Canoo to co-develop platform for future electric vehicles
Hyundai Motor Group has engaged Canoo, a Los Angeles based company creating EVs for subscription only, to jointly develop an electric vehicle (EV) platform based on Canoo’s proprietary skateboard design for upcoming Hyundai and Kia models. As part of the collaboration, Canoo will provide engineering services to help develop a fully scalable, all-electric platform to… Continue reading Hyundai Group, Canoo to co-develop platform for future electric vehicles
South Korean Government Allows Flow Battery to Be Used for ESS
South Korean Government has prepared a system that will allow VRFB (Vanadium Redox Flow Battery), which has zero chance of causing a fire, to be used within the ESS (Energy Storage System) market tied to new renewable energy. There is also a company that announced that it would enter relevant markets. It is expected that… Continue reading South Korean Government Allows Flow Battery to Be Used for ESS