Category: News Site

Let’s Look At Tesla Production Sites By Model Assignment, Capacity

Tesla expects that this year it will comfortably exceed 500,000 electric car sales, which is possible thanks to significant expansion of its manufacturing capacity. Here we take a look at all the Tesla production sites, models assigned to them and production capacity. Tesla recently added Model Y production to its plant in California (since January),… Continue reading Let’s Look At Tesla Production Sites By Model Assignment, Capacity

Tata Motors profit beats estimates on Jaguar Land Rover cost cuts

MUMBAI (NewsRise) — Tata Motors reported a better-than-expected third-quarter profit, aided by unit Jaguar Land Rover, but warned that the coronavirus outbreak in China may damp the financial performance of the British luxury automaker in the current quarter. Mumbai-based Tata Motors, which derives the bulk of its revenue from the marquee brand, is barely recovering… Continue reading Tata Motors profit beats estimates on Jaguar Land Rover cost cuts

Honda supplier to shift production from Wuhan to Philippines

TOKYO — Honda Motor‘s major car parts supplier Ftech is to move its brake pedal production from Wuhan, China, to the Philippines amid the new coronavirus outbreak. Operations at the Wuhan factory have been suspended and are unlikely to resume soon. If the coronavirus continues spreading, other companies are likely to follow Ftech’s move. Numerous… Continue reading Honda supplier to shift production from Wuhan to Philippines

Japan issues arrest warrants for Ghosn and 3 suspected accomplices

TOKYO (Reuters) — Japanese authorities on Thursday issued arrest warrants for a former U.S. Special Forces soldier and two other men on suspicion of smuggling former Nissan Motor Co boss Carlos Ghosn out of Japan. Warrants were issued for former U.S. Green Beret Michael Taylor and two other men, George-Antoine Zayek and Peter Taylor, prosecutors… Continue reading Japan issues arrest warrants for Ghosn and 3 suspected accomplices

UPDATE 2-UPS buying 10,000 electric delivery vans, will test Waymo self-driving vehicles next month

LOS ANGELES (Reuters) – United Parcel Service Inc on Wednesday expanded its efforts to cut emissions and delivery costs with separate deals to order 10,000 electric delivery trucks from UK-based Arrival Ltd and test Waymo self-driving vehicles to carry packages. FILE PHOTO: The company logo for United Parcel Service (UPS), is displayed on a screen… Continue reading UPDATE 2-UPS buying 10,000 electric delivery vans, will test Waymo self-driving vehicles next month

Mammoth Biosciences Raises $45M in Series B Funding Round

Mammoth Biosciences, a South San Francisco, CA-based developer of a CRISPR-based disease detection platform, raised $45m in Series B funding. The round was led by Decheng Capital with participation from Mayfield, NFX, Verily, Brook Byers, Plum Alley, Pacific 8, aMoon, and others. The company will use the funds to accelerate development of CRISPR diagnostics and… Continue reading Mammoth Biosciences Raises $45M in Series B Funding Round

Neighbor.com Raises $10M in Series A Funding

Neighbor.com, a Lehi, Utah-based self-storage marketplace, closed a $10m Series A funding. The round was led by Andreessen Horowitz, with participation from Nate Bosshard, former partner at Khosla Ventures and co-founder of Tonal, as well as Ryan Graves, Uber’s first CEO. In conjunction with the funding, Jeff Jordan, managing partner at Andreessen Horowitz, will join… Continue reading Neighbor.com Raises $10M in Series A Funding

UPDATE 1-Aptiv CEO sees growth as auto production falls, but shares drop

(Reuters) – Aptiv Plc (APTV.N) Chief Executive Kevin Clark said on Thursday the automotive technology supplier can increase revenues by 4% this year despite a projected 3% decline in global auto production, but worried investors sold the company’s shares. Aptiv shares were down 2.5% on the New York Stock Exchange after the company forecast 2020… Continue reading UPDATE 1-Aptiv CEO sees growth as auto production falls, but shares drop

U.S. autoparts maker Meritor to invest $48 mln in third Brazil plant

SAO PAULO (Reuters) – U.S. autoparts maker Meritor (MTOR.N) on Thursday announced an investment of 200 million reais ($48 million)to build a new plant in Brazil, as the South American country leaves behind a bitter recession. The plant will be Meritor’s third in Brazil, where it also operates in the cities of Osasco and in… Continue reading U.S. autoparts maker Meritor to invest $48 mln in third Brazil plant