Category: News Site

Exclusive: PSA, Dongfeng to drop two China auto plants, halve workforce – document

BEIJING/PARIS (Reuters) – Peugeot maker PSA Group (PEUP.PA) and partner Dongfeng Group (0489.HK) have agreed to cut thousands of jobs in China and drop two of their four shared assembly plants, according to a document seen by Reuters, in a last-ditch bid to curb mounting losses as the world’s largest auto market loses steam. FILE… Continue reading Exclusive: PSA, Dongfeng to drop two China auto plants, halve workforce – document

Car2go hikes hourly rental rates by as much as a third

By-the-minute car rental service Car2go is raising its rates for short trips under the guise of variable pricing, the company announced to its users today. As we’ve seen with other variably priced services like delivery and ride hailing, in practice this means you never really know what it will cost but will have little choice… Continue reading Car2go hikes hourly rental rates by as much as a third

Proterra, the Tesla of electric buses, closes in on $1 billion valuation

Proterra has authorized shares to raise $75 million, a new round of funding that would push the electric bus maker’s valuation past $1 billion, TechCrunch has learned. The company authorized the sale of 10,857,762 shares at a price of $6.91 in a Series 8 round, according to a securities filing that was obtained by the… Continue reading Proterra, the Tesla of electric buses, closes in on $1 billion valuation

Skip scooters are returning to Washington, D.C. after battery fires

Following battery issues and a single-alarm fire caused by improperly disposed of batteries in Washington, D.C., Skip has been given the green light to resume operations in Washington, D.C. and the surrounding areas of Alexandria and Arlington. The plan is to redeploy the scooters in the coming weeks. In June, a battery on one of… Continue reading Skip scooters are returning to Washington, D.C. after battery fires

Autonomous air mobility company EHang to deploy air shuttle service in Guangzhou

China’s EHang, a company focused on developing and deploying autonomous passenger and freight low-altitude vehicles, will build out its first operational network of air taxis and transports in Guangzhou. The company announced that the Chinese city would play host to its pilot location for a citywide deployment. The pilot will focus on not only showing… Continue reading Autonomous air mobility company EHang to deploy air shuttle service in Guangzhou

Uber’s CEO says it considered buying Caviar before DoorDash snapped up the competitor for $410 million (UBER)

There’s a frenzy of acquisitions happening in the red-hot food delivery space, but Uber doesn’t appear interested in making a play. Uber looked at a potential buyout of couriering competitor Caviar this summer, but ultimately passed on the deal, CEO Dara Khosrowshahi told CNBC Friday morning. Caviar was eventually sold by its owner, Square, to… Continue reading Uber’s CEO says it considered buying Caviar before DoorDash snapped up the competitor for $410 million (UBER)

Sumitomo Electric’s SEVD-11U CHAdeMO Charges In Boost Mode

CHAdeMO charging standard with Boost Mode can easily exceed 120 kW of power, but where are the CHAdeMO cars that can accept such power? This summer, Sumitomo Electric’s SEVD-11U CHAdeMO connector assembly received the world’s first UL certification (UL 2251) to charge in Boost Mode, introduced by the CHAdeMO Association in standard specification 1.2 in… Continue reading Sumitomo Electric’s SEVD-11U CHAdeMO Charges In Boost Mode

Telenav enters into a strategic partnership with Grab to enhance geo-mapping capabilities

Telenav, a provider of connected-car and location-based services, announced it has entered into a strategic partnership and transaction with Grab, Southeast Asia’s super app provider, to boost the latter’s development of geo-based products and services using Telenav’s OpenTerra platform. Grab plans to use Telenav’s OpenTerra platform to process data from its fleet of vehicles to… Continue reading Telenav enters into a strategic partnership with Grab to enhance geo-mapping capabilities