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Aston Martin: F1 billionaire owner leads rescue deal

Struggling luxury UK carmaker Aston Martin has announced plans to raise emergency funding worth £500m. A consortium led by billionaire Lawrence Stroll will put in £182m, with the rest of the money coming from existing investors. Mr Stroll partly owns the Racing Point Formula 1 team, which will be branded Aston Martin from 2021 under… Continue reading Aston Martin: F1 billionaire owner leads rescue deal

Sweden Joins Growing List Of Countries Looking To Ban ICE

EDITOR’S NOTE: This article comes to us courtesy of EVANNEX, which makes and sells aftermarket Tesla accessories. The opinions expressed therein are not necessarily our own at InsideEVs, nor have we been paid by EVANNEX to publish these articles. We find the company’s perspective as an aftermarket supplier of Tesla accessories interesting and are happy to share its content… Continue reading Sweden Joins Growing List Of Countries Looking To Ban ICE

Exclusive: Detroit Engineered Products plans big-ticket investment in India, reveals prototype electric scooter

Detroit Engineered Products (DEP), the leading engineering solutions and product development company, with footprints in Europe, China, Korea, Japan, and India, is betting big on the Indian marketplace. The company, recently showcased the technology prototype of its electric scooter, which has an extended range of 150km and a maximum speed of 80kph earlier this month,… Continue reading Exclusive: Detroit Engineered Products plans big-ticket investment in India, reveals prototype electric scooter

Aston Martin to enter F1 from 2021 under £500m rescue deal

Aston Martin Lawrence Stroll’s consortium to invest £182m and his Racing Point team will be rebranded The billionaire Lawrence Stroll is leading a consortium that will invest £182m in return for 16.7% of Aston Martin, which will also launch a £318m rights issue. Photograph: Arnd Wiegmann/Reuters Aston Martin has agreed a £500m equity rescue deal… Continue reading Aston Martin to enter F1 from 2021 under £500m rescue deal

Rollout of smart motorways put on hold amid safety concerns

Transport policy Investigation finds 38 people killed on smart motorways in the past five years Grant Shapps has said there will be no new stretches of smart motorway until the government has completed its review. Photograph: Martin Godwin/The Guardian A national rollout of smart motorways has been put on hold by transport secretary, Grant Shapps,… Continue reading Rollout of smart motorways put on hold amid safety concerns

Jaguar Land Rover’s Ralf Speth to quit as £1.1bn cuts announced

Jaguar Land Rover Chief executive to step down in September as company reveals 2.8% year-on-year revenue rise Jaguar Land Rover’s CEO, Ralf Speth, who is stepping down in September, said the cost cuts would create ‘a more robust, resilient business’. Photograph: Toby Melville/Reuters Jaguar Land Rover has launched a £1.1bn round of cost cuts as… Continue reading Jaguar Land Rover’s Ralf Speth to quit as £1.1bn cuts announced

Tesla releases new video of what Autopilot can see, Cybertruck simulation and more

Tesla has released a new video of what Autopilot’s neural net can see as well as new images of other systems powering Autopilot including a simulator with a Tesla Cybertruck in it and more. If we are to believe Elon Musk, 2020 is going to be the year Tesla releases its full self-driving system built… Continue reading Tesla releases new video of what Autopilot can see, Cybertruck simulation and more

Japan’s TDK Ventures invests in air mobility firm AutoFlightX

TDK Ventures, the corporate venture arm of Japanese electronics firm TDK Corporation, has invested an undisclosed amount in AutoFlightX, an electric air mobility company headquartered in Munich, Germany and with R&D centres in Shanghai and Shenzhen. AutoFlightX, which started in February 2018, is involved in the development, production, sales, and operation of electric vertical take-off… Continue reading Japan’s TDK Ventures invests in air mobility firm AutoFlightX

UPDATE 1-Hyundai Motor to suspend some SUV output in S.Korea as virus disrupts supplies

FILE PHOTO: The logo of Hyundai Motors is seen on a steering wheel of a all-new Sonata sedan on display at the company’s headquarters in Seoul, South Korea, March 22, 2019. REUTERS/Kim Hong-Ji SEOUL (Reuters) – Hyundai Motor (005380.KS) said on Friday it planned to skip South Korean production of its Palisade sport utility vehicle… Continue reading UPDATE 1-Hyundai Motor to suspend some SUV output in S.Korea as virus disrupts supplies