Schaeffler boss Klaus Rosenfeld “Our core competence is precision mechanics.” (Photo: Bloomberg) Frankfurt The auto industry is facing serious problems. Klaus Rosenfeld, however, refuses to poke his head in the sand. “I and our shareholders see this change and transformation in the automotive industry as an opportunity rather than a risk,” said the head of… Continue reading Klaus Rosenfeld: Schaeffler boss: Supplier industry can no longer afford “fat deposits”
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Volvo admits ‘Tesla is far ahead of everyone else on energy efficiency’
An executive for Volvo’s Polestar candidly admitted that “Tesla is far ahead of everyone else on energy efficiency” and they are going to have to catch up or find other ways to compete. When Volvo rebranded Polestar two years ago, it was off to a somewhat weird but interesting start as it unveiled its first… Continue reading Volvo admits ‘Tesla is far ahead of everyone else on energy efficiency’
Hedge fund Steadview in talks to lead $50m round in 2-wheeler rental startup Vogo
Hedge fund Steadview Capital is in talks to lead a $50 million funding round in two-wheeler rental startup Vogo, said two people aware of the matter. Existing investors such as venture capital firms Matrix Partners, Stellaris Venture Partners and Kalaari Capital are also expected to participate in the round, said the people cited above, who requested anonymity as the talks… Continue reading Hedge fund Steadview in talks to lead $50m round in 2-wheeler rental startup Vogo
Mullen Technologies Purchases First Northern California Retail Location
BREA, CALIFORNIA (Sept. 10th, 2019) – Mullen Technologies announces the acquisition of a new retail location in the city of Fresno, CA. This is Mullen’s first location outside of Southern California and is the start of a great push into the Northern California (NorCal) Market. This well-placed Fresno dealership is the ideal Northern California starting… Continue reading Mullen Technologies Purchases First Northern California Retail Location
Great Wall may consider building cars in Europe once sales hit 50,000 a year: chairman
FRANKFURT/BEIJING (Reuters) – China’s Great Wall Motor (601633.SS)(2333.HK) may consider building car manufacturing facilities in the European Union once its sales there hit 50,000 units a year, its chairman said, as part of a push to seek growth in overseas markets. FILE PHOTO: A woman talks on her phone as she walks past a sign… Continue reading Great Wall may consider building cars in Europe once sales hit 50,000 a year: chairman
UAW, GM officials offer differing views of contract talk progress
CLOSE In this July 16 photo, United Auto Workers President Gary Jones speaks during the opening of their contract talks with General Motors in Detroit. (Photo: Paul Sancya, AP) General Motors and the UAW offered opposite perspectives on the progress of contract talks after the union named GM as the “target” company with which it will… Continue reading UAW, GM officials offer differing views of contract talk progress
Audi’s new concept is an all-electric off-roader with drones for headlights
Audi is not a brand you’d typically associate with off-road adventures, but that didn’t stop the automaker from kicking up some dirt with its new concept at the 2019 Frankfurt Motor Show. The Audi AI:Trail (maybe it’s less of a mouthful in German?) is an all-electric, all-terrain vehicle for the future of outdoor adventures. Before… Continue reading Audi’s new concept is an all-electric off-roader with drones for headlights
Volta Charging raises another $20 million to expand ad-supported EV charging network
Volta Charging, the San Francisco-based company that combines outdoor digital advertising with charging stations to give electric vehicle owners free power, has added another $20 million in a follow-on to its Series C round. The company’s Series C round is now closed at $100 million. Schneider Electric Ventures, SK Innovation, Energize Ventures and a number… Continue reading Volta Charging raises another $20 million to expand ad-supported EV charging network
Uber lays off 435 people across engineering and product teams
Uber has laid off 435 employees across its product and engineering teams, the company announced today. Combined, the layoffs represent about 8% of the organization, with 170 people leaving the product team and 265 people leaving the engineering team. The layoffs had no effect on Eats, which is one of Uber’s top-performing products, and Freight,… Continue reading Uber lays off 435 people across engineering and product teams
Audi unveils Mars rover-looking electric off-roader with insane specs
Audi unveiled a new electric off-roader concept at the Frankfurt Auto Show today, and it looks like it should be a Mars rover. The concept vehicle is called AI:TRAIL, and Audi uses it to communicate its vision of a future vehicle segment where a vehicle would drive autonomously on the road and then could be… Continue reading Audi unveils Mars rover-looking electric off-roader with insane specs