Category: News Site

Simonstone Motor Company’s Bristol dealership ceases trading

Simonstone Motor Company’s Bristol dealership has stopped trading. The site is a multi-brand car dealership on Bath Road, Brislington, representing Alfa Romeo, Abarth, Fiat and Jeep. Bristol Live reported that vehicles for sale have been taken away to other dealerships. The publication claims that a number of customers awaiting new cars are now unsure where… Continue reading Simonstone Motor Company’s Bristol dealership ceases trading

In win for Uber, Lyft, judge strikes down New York City’s cruising cap

(Reuters) – A New York state judge on Monday ruled in favor of Uber Technologies Inc (UBER.N) and Lyft Inc (LYFT.O) in a lawsuit against New York City, striking down a new rule limiting how much time drivers for ride-hailing services can spend cruising streets in busy areas of Manhattan without passengers. FILE PHOTO: Uber’s… Continue reading In win for Uber, Lyft, judge strikes down New York City’s cruising cap

Uber Ordered to Cease Colombian Operations

SIC claimed Uber had a “significant advantage in the market” because of its app.  Photo via Núcleo Editorial/Flickr.  A judge in Colombia has ordered Uber to immediately cease it’s ride-hailing operations, Reuters reports. The ruling is the result of a lawsuit filed against Uber by COTECH SA. Following the ruling, Colombia’s Superintendency of Industry and Commerce (SIC) said… Continue reading Uber Ordered to Cease Colombian Operations

EMBARGOED-Electric vehicle startup Rivian scores $1.3 bln investment from T.Rowe Price, others

Dec 23 (Reuters) – Electric vehicle startup Rivian said on Monday it closed a $1.3 billion investment round, led by fund manager T. Rowe Price but also including existing investors online retailer Amazon.com Inc and No. 2 U.S. automaker Ford Motor Co. The investment round, which also included BlackRock Inc, is the fourth this year… Continue reading EMBARGOED-Electric vehicle startup Rivian scores $1.3 bln investment from T.Rowe Price, others

Volvo Group appoints Nils Jaeger president of Volvo Autonomous Solutions

Nils Jaeger, currently President Region EMEA, Volvo Financial Services, has been appointed President of the new Volvo Group business area Volvo Autonomous Solutions. He will report to the Volvo Group President and CEO Martin Lundstedt and be a member of the Group management team.  Born in 1969, Nils Jaeger has served as President Region EMEA… Continue reading Volvo Group appoints Nils Jaeger president of Volvo Autonomous Solutions

Gigafactory: Tesla and Brandenburg agree to sell property

Monika Skolimowska / dpa-Zentralbild / DPA Brandenburg, Freienbrink: The electric car manufacturer Tesla wants to build the new factory for electric cars on this piece of forest After the agreement to sell the property to the US electric car manufacturer Tesla, further important steps are pending. In January the purchase contract is to be discussed… Continue reading Gigafactory: Tesla and Brandenburg agree to sell property

Exclusive: Tesla to take new $1.4 billion loan from Chinese banks for Shanghai factory – sources

FILE PHOTO: China-made Tesla Model 3 electric vehicles are seen at the Gigafactory of electric car maker Tesla Inc in Shanghai, China December 2, 2019. REUTERS/Aly Song BEIJING/SHANGHAI (Reuters) – U.S. electric vehicle maker Tesla Inc (TSLA.O) and a group of China banks have agreed a new 10 billion yuan ($1.4 billion), five-year loan facility… Continue reading Exclusive: Tesla to take new $1.4 billion loan from Chinese banks for Shanghai factory – sources

Volvo Car UK partners GoWashMyCar for smartphone-based car wash service

Volvo Car UK has come up with a new mobile car wash and valeting service that could be accessed via a designated app called Volvo Car Mobile Wash. The service is presented in conjunction with GoWashMyCar, a UK-based car wash specialist. The package includes a free car health check, covering tyre pressures and tread depth, screenwash… Continue reading Volvo Car UK partners GoWashMyCar for smartphone-based car wash service

Mahindra & Mahindra announces second round of top management reshuffle

Following the top management succession plans announced on December 20, today Mahindra & Mahindra announced further changes in the Group Corporate Office as well as within the Auto and Farm Sectors, effective April 1, 2020. Auto and Farm SectorsWhile Rajan Wadhera will retire and step down from his executive role as President – Auto Sector,… Continue reading Mahindra & Mahindra announces second round of top management reshuffle