India Digest: Wipro earmarks $28m for venture fund; Ola expands in UK; Sleepycat gets $1.56m

Wipro has set aside $28 million for its venture fund, which will invest in retail startups, while cab-hailing service Ola has launched in the UK. Meanwhile, mattress maker Sleepycat secured $1.56 million in a DSG-led Series A round. Wipro allocates $28m for startup venture fund Wipro Consumer Care and Lighting, the FMCG brand of Wipro… Continue reading India Digest: Wipro earmarks $28m for venture fund; Ola expands in UK; Sleepycat gets $1.56m

ArcelorMittal prepares to start its second galvanizing line in Florange

The commissioning of a second galvanizing line is announced for 18 November 2019 at the ArcelorMittal site in Florange, Moselle. The new unit called Galsa 2 will increase the capacity of the coated steel plant to car manufacturers from 500,000 to 1.3 million tonnes per year. To read the full article, SUBSCRIBE FOR immediate access,… Continue reading ArcelorMittal prepares to start its second galvanizing line in Florange

Indonesia Digest: Grab partners ITB for R&D; Telkomsel backs PrivyID Series A2

Grab has partnered with Bandung Institute of Technology to conduct R&D while Jakarta-based digital signature firm PrivyID has secured its Series A2 funding from Telkomsel Mitra Inovasi. Grab partners Bandung Institute of Technology Southeast Asian ride-hailing app Grab has established a partnership with Bandung Institute of Technology or ITB to conduct research and development for… Continue reading Indonesia Digest: Grab partners ITB for R&D; Telkomsel backs PrivyID Series A2

Ford, Mahindra agree $275 million deal for India, emerging markets

MUMBAI/NEW DELHI (Reuters) – Ford Motor Co (F.N) and Mahindra & Mahindra (MAHM.NS) will form a joint venture in India valued at $275 million to produce and sell vehicles in the country and export to emerging markets, the two companies said on Tuesday. FILE PHOTO: Ford logo is pictured at the 2019 Frankfurt Motor Show… Continue reading Ford, Mahindra agree $275 million deal for India, emerging markets

CO2 emissions from new vehicles have dropped in France

The average carbon dioxide (CO2) emissions of new vehicles registered in France in September fell sharply. According to data published Tuesday, October 1 by the Committee of French Automobile Manufacturers (CCFA), these emissions have reached an average of 109.6 grams in the past month in France, against 111.5 grams in August . Never seen in… Continue reading CO2 emissions from new vehicles have dropped in France

Arcimoto Fun Utility Vehicle (FUV) Enters Retail Market

You can have electrifying fun on three wheels from $19,900. Arcimoto, after years of development and refining its concept of an all-electric three-wheeler, in September officially launched retail production and deliveries of the Arcimoto FUV (Fun Utility Vehicle). The Arcimoto FUV in the first Evergreen Edition starts at MSRP of $19,900. Initially, sales are underway… Continue reading Arcimoto Fun Utility Vehicle (FUV) Enters Retail Market

Seat expects to end 2019 with 515,000 cars produced

October 1, 2019 Category: Faconauto News The Martorell plant will improve production by 8.5% and achieve the second best result in its history. Seat He is on his way to get one of his best years at the Martorell factory. The company expects to close 2019 with a production of about 515,000 vehicles. This will… Continue reading Seat expects to end 2019 with 515,000 cars produced

Survey of 300 auto-managers: innovation pressure in the automotive industry as high as never before

Audi Audi prototype AiTrail with expandable hammock rear seats: Innovative ideas have mainly their own employer, the interviewed managers Switching to electric drives is costly and difficult, a bunch of new competitors are lurking in mobility services, and there are still stagnating or falling shipments: After years of global growth, the automotive industry is now… Continue reading Survey of 300 auto-managers: innovation pressure in the automotive industry as high as never before

Six months of short-time working at Opel’s Rüsselsheim headquarters

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Electromobility: The vehicles are missing in the Hessian E-Highway project

The VWDaughter Scania obviously can not do enough Electric truck build with pantograph. The project launch of Elisa in May should be five vehicles ready. Half a year later, only two are in action in Hesse. September 30, 2019, 10:59 am, Werner Pluta E-Highway in Schleswig-Holstein (Symbolbild): The missing trucks come in 2022. (Image: Martin… Continue reading Electromobility: The vehicles are missing in the Hessian E-Highway project