Category: News Site

Drone takes over in an emergency at Ford – patent

The automaker Ford filed a new patent, which deals with autonomous driving. What happens if the Autonomous Car does not know what to do in the future? For example, if a sensor and the redundancy level are damaged and the perception of the car is impaired. Sensor replacement by drone – Ford patent. Source: dronebelov… Continue reading Drone takes over in an emergency at Ford – patent

20 billion euros of Volkswagen’s partnerships in electric batteries

On the occasion of its annual results, presented Tuesday, March 13 in Germany, the car manufacturer Volkswagen has announced invest about 20 billion euros to develop projects in the field of electric vehicles. The German group plans to expand its production of electric vehicles to sixteen factories around the world by the end of 2022,… Continue reading 20 billion euros of Volkswagen’s partnerships in electric batteries

GM may test a carsharing program this summer

Rebecca Cook / Reuters GM’s Maven is basically the equivalent of a car rental service; for a fee, users can borrow a loaded GM vehicle for up to 28 days at a time. Now, it appears that GM may be looking to expand the service. According to Bloomberg, GM will operate pilot program this summer… Continue reading GM may test a carsharing program this summer

UPS says 50 Workhorse plug-in hybrid trucks cost no more than regular delivery vans

Follow John Prototype plug-in electric delivery van with fuel-cell range extender to be tested by UPS in 2017 Enlarge Photo For almost a decade, commercial-fleet managers have acknowledged that electric truck are much cheaper to run per mile than the diesel equivalents they now use. But justifying the purchase of electric trucks has been a… Continue reading UPS says 50 Workhorse plug-in hybrid trucks cost no more than regular delivery vans

UPDATE 1-GM president says ‘shared sacrifice’ needed to fix GM Korea

DETROIT (Reuters) – General Motors Co (GM.N) President Dan Ammann said on Monday the automaker’s troubled South Korean operations can be a“sustainable, profitable business,” if unions and the South Korean government agree quickly on a restructuring. FILE PHOTO: Cars made by GM Korea are seen on trucks in a yard of GM Korea’s Bupyeong plant… Continue reading UPDATE 1-GM president says ‘shared sacrifice’ needed to fix GM Korea

Chinese bike-sharing startup Ofo raises $866M in new financing led by Alibaba Group

Beijing-based bike-sharing startup Ofo has raised $866 million in new financing led by Alibaba Group to fuel its expensive competition with Mobike, which is backed by Tencent, one of Alibaba’s biggest rivals. Ofo and Mobike are the two largest bike-sharing companies in China. Other participants in the round, which consists of equity and debt financing,… Continue reading Chinese bike-sharing startup Ofo raises $866M in new financing led by Alibaba Group

Dongfeng Peugeot-Citroen sales stall on brand confusion

Following a series of management reshuffles and a slow start in the world’s largest market, Dongfeng Peugeot-Citroen Automobile’s sales in China barely made it past the half-way mark of their 2017 target, resulting in substantial losses for the joint venture carmaker. Dongfeng Peugeot-Citroen saw a loss of 30 billion euros ($36.94 billion) last year, despite… Continue reading Dongfeng Peugeot-Citroen sales stall on brand confusion

China’s WM Motor Open to U.S. IPO, Shrugging Off Trade Tensions

China’s WM Motor Technology Co., set to take on Tesla Inc. with an electric SUV going on sale this year, is open to holding an initial public offering in the U.S. as its founder shrugs off a potential trade war between the world’s two biggest economies. The company has a team looking into proposals for… Continue reading China’s WM Motor Open to U.S. IPO, Shrugging Off Trade Tensions

Lyft says its revenue is growing nearly 3x faster than Uber’s

Lyft made a lot of progress in 2017, helped by strong market expansion within the U.S., and riding some very bad news from its primary rival Uber. That’s helped it grow revenue to over $1 billion as measured by GAAP standards for its fiscal 2017, with a particularly strong Q4 during which its revenue outpaced… Continue reading Lyft says its revenue is growing nearly 3x faster than Uber’s