News brief: Vahana, the Airbus-backed venture that’s developing a fleet of electric-powered air taxis, shared the results of its first flight test amid the prairies of eastern Oregon three weeks ago. But now there’s video showing the Alpha One octocopter landing on its airstrip at the Pendleton UAS Test Range. “During our minute-long flight, the… Continue reading Airbus’ Vahana venture shows off video of its flying car’s first test flight in Oregon
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Tesla Hit With Lawsuit Claiming They Willingly Sold Defective Vehicles
In Brief A former Tesla employee is claiming that the company knowingly sold defective vehicles in the past, and fired him for reporting the alleged practice. Tesla is being hit with a lawsuit put forward by a former employee, who claims the company sold defective vehicles and fired him because he knew about it. The… Continue reading Tesla Hit With Lawsuit Claiming They Willingly Sold Defective Vehicles
Despite 'inappropriate behavior,' ousted Ford exec Nair keeps health and retirement benefits
Raj Nair, was Ford President of North America until Wednesday, when he was ousted for improper conduct. (Photo: Ford, Wieck) Raj Nair, the former president of Ford North America, will keep health and retirement benefits despite being ousted from the company for “inappropriate behavior.” He signed a two-year noncompete agreement with his former employer of… Continue reading Despite 'inappropriate behavior,' ousted Ford exec Nair keeps health and retirement benefits
SnappCar, Europcar Launch Drive & Share Solution
Photo courtesy of Europcar Europcar Group announced the launch of its Drive & Share solution in Germany and Denmark together with SnappCar, the second-largest international peer-to-peer car sharing player in Europe, the companies announced. Drive & Share is dedicated to people who want to enjoy the flexibility of owning a car but who don’t need… Continue reading SnappCar, Europcar Launch Drive & Share Solution
Bollinger B1 Electric Truck On Fully Charged – Video
1 week ago by Mark Kane [embedded content] Fully Charged once again takes us back to the 2017 Los Angeles Auto Show where the Bollinger B1 was one of the stars of the show. Bollinger B1 This one of the most interesting and maybe even the first true all-electric, off-road vehicle that’s production bound. With… Continue reading Bollinger B1 Electric Truck On Fully Charged – Video
UPS is adding to its fleet of electric delivery trucks
Bloomberg via Getty Images UPS announced today that it will soon deploy 50 electric delivery trucks designed by Workhorse Group Inc. that will cost about the same as traditional, conventionally fueled trucks. They’ll have a between-charge range of around 100 miles, will be zero-emission and the first vehicles will be tested in a handful of… Continue reading UPS is adding to its fleet of electric delivery trucks
UPS is building its own fleet of electric delivery trucks
UPS announced today that it would be building its own electric delivery trucks from scratch. It will partner with truck maker Workhorse Group Inc to build the first 50 vans that could eventually replace the delivery giant’s fleet of fossil fuel-burning vehicles. The delivery EVs would have a range of 100 miles and will be… Continue reading UPS is building its own fleet of electric delivery trucks
Uber CEO Says They’ll Have Autonomous Cars in 18 Months
20:20 Steve Sosnick Interactive Brokers LLC, Chief Options Strategist 22:00 Vanessa Colella Citi Venture Capital International, Chief Innovation Officer/Head 22:00 Crawford Del Prete Idc Research Inc, Exec VP:Research/Chief Research Ofcr 22:00 Om Malik True Ventures, Venture Partner 22:20 Mark Gurman Bloomberg Editorial, Bloomberg Journalist 22:20 Chad Anderson Space Angels Holdings Inc, Chief Executive Officer 22:30… Continue reading Uber CEO Says They’ll Have Autonomous Cars in 18 Months
BRIEF-Ford Motor Credit Company Llc Says Issued And Sold EUR 612 Million Principal Amount Of Floating Rate Notes Due Dec 12, 2019
Feb 22 (Reuters) – FORD MOTOR CREDIT COMPANY LLC: * FORD MOTOR CREDIT COMPANY LLC SAYS ISSUED AND SOLD EUR 612 MILLION AGGREGATE PRINCIPAL AMOUNT OF FLOATING RATE NOTES DUE DEC 12, 2019 – SEC FILING Source text – (bit.ly/2HD430h) Further company coverage: Our Standards:The Thomson Reuters Trust Principles.
Honcker raises at least $15M from IAC as it takes on the car-leasing-on-demand market
The car leasing and rental market is forecast to be worth $124 billion in 2022, and today a startup that is hoping to get a piece of that action by making the process of leasing a car easier is announcing a Series A in its effort to get there. Honcker — a New York-based startup… Continue reading Honcker raises at least $15M from IAC as it takes on the car-leasing-on-demand market