FILE PHOTO: A Mercedes-Benz “Vision URBANETIC” concept car is seen in front of the Daimler AG logo during the company’s annual news conference in Stuttgart, Germany, February 6, 2019. REUTERS/Michael Dalder FRANKFURT (Reuters) – German luxury car maker Daimler (DAIGn.DE) on Wednesday issued its third profit warning for 2019, as costs related to the diesel… Continue reading Daimler 2019 profit down by half, diesel scandal weighs
Category: News Site
KARMA NAMES NEW CHIEF INNOVATION OFFICER TO DRIVE STRATEGIC DIRECTION
VIEW ALL () x Jan 21,2020 Gudmundsson Drives Innovation in Karma’s Executive Leadership Team, Developing Karma’s Future Vision Key Assignment: Implement CEO’s Strategic Vision and Direction for Innovative Competitive Roadmap IRVINE, Calif. (Jan. 21, 2020) – Stefan Gudmundsson, an accomplished executive from the connected automotive space, has joined Karma, the Southern California-based high-tech mobility… Continue reading KARMA NAMES NEW CHIEF INNOVATION OFFICER TO DRIVE STRATEGIC DIRECTION
Cruise unveils Origin, an electric driverless vehicle designed for sharing
Cruise unveiled Tuesday evening a “production ready” driverless vehicle called Origin, the product of a multi-year collaboration with parent company GM and investor Honda that is designed for a ride-sharing service. The shuttle-like vehicle — branded with Cruise’s trademark orange and black colors — has no steering wheel or pedals and is designed to travel… Continue reading Cruise unveils Origin, an electric driverless vehicle designed for sharing
Cruise’s self-driving electric shuttle is made for ridesharing
Cruise still isn’t ready to say when its autonomous vehicle will be available, but now it’s shown off the Origin, a GM-built electric shuttle van that doesn’t have a steering wheel or pedals. Instead it’s fully self-driving, intended to be a shareable, modular vehicle that can handle being on the road all the time. It’s… Continue reading Cruise’s self-driving electric shuttle is made for ridesharing
Indian parking app Park+ raises $11m led by Sequoia, Matrix Partners
Park+, a startup focused on digitising parking across India, has raised $11 million in a funding round co-led by venture capital firms Sequoia Capital and Matrix Partners India, per an announcement. The funding round also saw participation from MakeMyTrip founder Deep Kalra and cofounder Rajesh Magow, BookMyShow founder and CEO Ashish Hemrajani, CRED founder Kunal… Continue reading Indian parking app Park+ raises $11m led by Sequoia, Matrix Partners
Chinese automaker BYD plans to inject $51m into BYD-Daimler EV JV
Chinese automobile manufacturer BYD announced on Wednesday that it has agreed to inject 350 million yuan ($51 million) in cash into Denza, an equally owned joint venture between BYD and Germany’s Daimler AG that specialises in luxury electric vehicles. Shenzhen-based BYD, which is backed by U.S. billionaire Warren Buffet, is making the investment through its… Continue reading Chinese automaker BYD plans to inject $51m into BYD-Daimler EV JV
Ghosn’s right-hand man stands high chance of acquittal in Japan: ex-prosecutor
TOKYO (Reuters) – A lieutenant to Carlos Ghosn who is facing charges in Japan for underreporting his salary at Nissan Motor Co (7201.T) stands a very high chance of being acquitted, as would Ghosn had he remained in Japan to face trial, a former prosecutor said. FILE PHOTO: Greg Kelly, the former deputy of ousted… Continue reading Ghosn’s right-hand man stands high chance of acquittal in Japan: ex-prosecutor
AAA Says Owning An EV Costs More Than Having A Combustion-Engined Car
Owning an EV is $600 more expensive every year than having a combustion-engined car. This is what the American Automobile Association found out with a recent survey. It just failed to mention in its press release what makes the EV experience more costly than that of regular vehicles. If it’s any comfort, the study indicates… Continue reading AAA Says Owning An EV Costs More Than Having A Combustion-Engined Car
GM’s Cruise Launches Origin, A Fully Autonomous Vehicle
Every time we hit the road, we’re faced with tradeoffs: Should I spend 30 bucks, or 30 minutes of my time? Should I run that red light and shave a few minutes off my trip, or hang back and be safe? These are small choices, but they create some of our biggest problems. That’s because there’s… Continue reading GM’s Cruise Launches Origin, A Fully Autonomous Vehicle
FloQast Raises $40M in Series C Funding
FloQast, a Los Angeles, CA-based provider of close management software for accountants, raised $40m in Series C funding. The round, which brought total equity raised to date to $93m, was led by Norwest Venture Partners with participation from existing investors Insight Partners and Polaris Partners. The company intends to use the funds to further accelerate… Continue reading FloQast Raises $40M in Series C Funding