December 3rd, 2019 Xconomy Boston — Cambridge, MA-based Caraway Therapeutics has named Martin Williams as its CEO. Williams joins the company, which is looking to treat neurodegenerative diseases by preserving neurons, from Yuma Therapeutics where he was the executive chairman. He will remain on Yuma’s board of directors. With more than 30 years of industry… Continue reading Caraway Therapeutics Names Martin Williams as CEO
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Astellas Bets On Gene Therapy With $3B Audentes Acquisition Offer
December 3rd, 2019 Xconomy National — Japanese drug giant Astellas Pharma announced late Monday it has agreed to buy Audentes Therapeutics, which is developing gene therapies for rare neuromuscular diseases. It’s an all-cash deal worth $3 billion, with the Astellas offer of $60 per share representing a 110 percent premium to Audentes’ (NASDAQ: BOLD) share price… Continue reading Astellas Bets On Gene Therapy With $3B Audentes Acquisition Offer
Tesla Model Y deliveries will start in Q1, says Deutsche Bank
Tesla Model Y deliveries will start in Q1 of next year, according to a new research note from Deutsche Bank as reported by CNBC. If accurate, this means the first customers could get their cars within four months from now. The bank bases its estimate on accelerated parts orders from Tesla suppliers, which we reported on… Continue reading Tesla Model Y deliveries will start in Q1, says Deutsche Bank
Tesla Model Y prototype spotted with tow hitch
A Tesla Model Y prototype was spotted with a tow hitch, which is an increasingly requested feature that Tesla first promised in the Model 3, but was only launched in Europe. With Model X, Tesla delivered the first passenger electric vehicle with a significant rated towing capacity: 5,000 lbs. A towing capacity is more important for… Continue reading Tesla Model Y prototype spotted with tow hitch
Porsche rents Tesla Model 3 to test out latest Autopilot, comes out impressed
Porsche is really interested in Tesla’s latest V10 software update, and especially the new Smart Summon feature. Electrek has learned that Porsche sent engineers to the US to rent a Tesla Model 3 and test out Autopilot under the latest software update. They apparently came out impressed. Jensen Gadley, a Tesla Model 3 owner from… Continue reading Porsche rents Tesla Model 3 to test out latest Autopilot, comes out impressed
Hyundai fuel-cell sales surge, E-Tron range boost, LA goes electric: Today’s Car News
The Hyundai Nexo has helped the South Korean company surge to the top of the charts in global sales of fuel-cell cars. A range boost is likely coming soon for the Audi E-Tron—including the Sportback. And LA is cleaning up its air on its own terms. This and more, today at Green Car Reports. The… Continue reading Hyundai fuel-cell sales surge, E-Tron range boost, LA goes electric: Today’s Car News
Hyundai on track to become world’s top seller of hydrogen-powered cars
Hydrogen fuel cell vehicle sales may still be a fraction of the worldwide green market, but that hasn’t stopped global automakers from jockeying for the top spot. On Monday, Business Korea reported that Hyundai sold more hydrogen-powered vehicles through the third quarter of this year than rival Toyota, outpacing the Japanese brand for the first… Continue reading Hyundai on track to become world’s top seller of hydrogen-powered cars
Daimler cost cuts to hit Germany hardest: Report
Daimler has repeatedly cut its profit outlook over recent months, partly to cover a regulatory crackdown on diesel emissions but also because of a slowing auto market. FRANKFURT: Daimler‘s workforce in Germany will bear the brunt of 1.4 billion euros ($1.5 billion) in cost cuts planned by the end of 2022, the head of the… Continue reading Daimler cost cuts to hit Germany hardest: Report
VW, Tesco and Pod Point Launch Over 100 Charging Stations In UK
2,400 charging points at some 600 Tesco stores coming and AC charging is free. The upcoming Volkswagen ID.3, accompanied by the e-Golf, visits one of over 100 Tesco stores in the UK that already received charging infrastructure, as part of a big project announced a year ago. Volkswagen, in partnership with Tesco and Pod Point, is… Continue reading VW, Tesco and Pod Point Launch Over 100 Charging Stations In UK
SVOLT Energy Starts Production At Its First Plant In China
SVOLT Energy is one of the latest players in the Chinese battery market with an appetite for part of the global pie. Chinese company SVOLT Energy Technology, the former Battery Business Unit of Great Wall Motor Co., has officially started lithium-ion cell production at its first manufacturing plant in Changzhou, Jiangsu, China. The first phase… Continue reading SVOLT Energy Starts Production At Its First Plant In China