Tata Motors group has a net debt of Rs 50,000 crore out of which Tata Motors Ltd alone account for Rs 20,000 crore. New Delhi: Tata Sons, the promoter of major operating companies of the Tata Group, will increase its shareholding in Tata Motors to 43.73 per cent after the proposed Rs 6,500 crore preferential… Continue reading Tata Sons stake in Tata Motors to rise to 43.73% post Rs 6,500 cr preferential issue
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Electrify America To Make Plug&Charge Fully Operational In 2020
With Plug&Charge, the car itself will become a kind of access card for the charging networks. Electrify America re-confirmed its intention to offer “Plug&Charge” technology in partnership with Hubject, to streamline the charging process through automation of authentication and billing. When the new system will be fully operational in 2020, drivers should be able to… Continue reading Electrify America To Make Plug&Charge Fully Operational In 2020
Hyundai Mobis increases the 5G connected car development synergies
Hyundai Mobis and KT to share the results of technology development and discuss future collaboration at the Seosan Proving Ground Completed the first development project, e.g. update of the map and C-V2X six months after the start of full-scale development in January Planning to build the autonomous driving remote monitoring system using the 5G communication… Continue reading Hyundai Mobis increases the 5G connected car development synergies
Pedestrian detection systems produce mixed results in safety study
(Reuters) – The performance of modern pedestrian detection systems varies widely between carmakers, with high-end luxury brands generally faring better and other models failing to recognize pedestrians altogether, according to a study released on Tuesday by a U.S. insurance research group. FILE PHOTO: Philip Floyd, senior engineering technician for the Insurance Institute for Highway Safety… Continue reading Pedestrian detection systems produce mixed results in safety study
Hyundai Motor replaces head of premium Genesis brand
FILE PHOTO: The logo of Hyundai Genesis is seen on its new model EQ900 at the Hyundai Motor Studio in Seoul, South Korea, January 26, 2016. REUTERS/Kim Hong-Ji SEOUL (Reuters) – Hyundai Motor on Tuesday named its former North American chief, William Lee, to oversee its premium Genesis brand following the departure of Manfred Fitzgerald… Continue reading Hyundai Motor replaces head of premium Genesis brand
New study: 10 percent EV penetration could shift utility’s entire peak load
Electric utilities around the world are exploring the potential of vehicle-to-grid (V2G) systems, which can reduce peak loads by using EV batteries to store renewably generated energy during the day and discharge it during peak consumption periods in the evenings. A new study from Jackson Associates analyzed 5,000 Southern California Edison (SCE) customers’ hourly loads… Continue reading New study: 10 percent EV penetration could shift utility’s entire peak load
Hillhouse Group wins bid to acquire 15% stake in China’s Gree Electric
An investment fund backed by Hillhouse Capital won a bid to acquire a 15% stake in Gree Electric Appliances Inc., China’s largest air-conditioner maker, from its government-owned parent in a deal with an estimated value of $7.5 billion. A review board selected Hillhouse-backed Zhuhai Mingjun over a consortium led by buyout firm Hopu Investment Management… Continue reading Hillhouse Group wins bid to acquire 15% stake in China’s Gree Electric
VW Finance Chief outlines road map for $222-billion ambition
The seven-point plan includes strengthening individual brands such as VW, Audi and Porsche, growth in China and boosting software operations. Frankfurt: Days before production starts on Volkswagen AG’s cornerstone electric vehicle, the German manufacturer is stepping up a campaign to more than double the market value and gain investor recognition for the industry’s most ambitious… Continue reading VW Finance Chief outlines road map for $222-billion ambition
ABB buys majority stake in Chinese EV charging company
ABB has bought a majority stake in Shanghai Chargedot New Energy Technology Co. Ltd, a Chinese electric vehicle charging company, the Swiss engineering company said on Monday as its ramps up its operations in e-mobility. Chargedot, which employs 185 people, makes charging stations and software platforms to enable vehicles to be charged with electricity. ABB, which… Continue reading ABB buys majority stake in Chinese EV charging company
Hyundai is launching BotRide, a robotaxi service in California with Pony.ai and Via
A fleet of electric, autonomous Hyundai Kona crossovers — equipped with a self-driving system from Chinese autonomous startup Pony.ai and Via’s ride-hailing platform, will start shuttling customers on public roads next week. The robotaxi service called BotRide will operate on public roads in Irvine, California, beginning November 4. This isn’t a driverless service; there will… Continue reading Hyundai is launching BotRide, a robotaxi service in California with Pony.ai and Via