February 20, 2018 Trading house Mitsubishi Corp said on Tuesday it was considering raising its stake in Mitsubishi Motors via a tender offer, a deal that the Nikkei newspaper reported could be worth about $1.1 billion. Mitsubishi Corp said in a statement it was considering buying shares in the carmaker held by Mitsubishi Heavy Industries… Continue reading Mitsubishi Corp considers raising stake in Mitsubishi Motors via tender offer
Category: News Site
Daimler Downplays Report on Rigged U.S. Emission-Test Software
Daimler AG sought to play down a newspaper report that its own engineers questioned the legality of software used to control diesel equipment in its vehicles, saying U.S. authorities knew about the allegations and haven’t taken action. Documents reported on by Bild am Sonntag have “selectively been released in order to harm Daimler and its 290,000… Continue reading Daimler Downplays Report on Rigged U.S. Emission-Test Software
Zoomcar Raises $40M in Series C Funding
Zoomcar India Pvt. Ltd, a Bengaluru, India-based self-drive car rental startup, raised $40M in Series C funding. The round was led by Mahindra and Mahindra Ltd (M&M) with participation from existing investors Ford Smart Mobility, Sequoia Capital, Empire Angels, Nokia Growth Partners, and others. The company, which has raised $85m to date, intends to use… Continue reading Zoomcar Raises $40M in Series C Funding
US investigators apparently find cheating software: Daimler should have tricked in diesel emissions tests
All articles and backgrounds 02/19/2018 US investigators apparently find cheating software Daimler is said to have tricked in diesel emissions tests DPA How clean are you really? US investigators are said to have found in diesel vehicles from Daimler fraudulent software Daimler threatens to get deeper into the maelstrom of the diesel exhaust scandal. For… Continue reading US investigators apparently find cheating software: Daimler should have tricked in diesel emissions tests
Bharat Forge to set up two plants for making EV and hybrid vehicle parts
Bharat Forge, the Pune-based multinational with a presence across automotive, power, oil and gas, construction and mining, rail, marine and aerospace, has confirmed plans for manufacture and export of parts for electric and hybrid vehicles. In May 2017, Autocar Professional had reported that Bharat Forge, the largest exporter of automotive components from India, was planning… Continue reading Bharat Forge to set up two plants for making EV and hybrid vehicle parts
Volvo Cars debuts three-cylinder engine in new XC40 compact SUV
Volvo Cars today launched its new three-cylinder Drive-E powertrain in the XC40, the company’s first entry into the compact SUV segment. The new powertrain is the first three-cylinder engine in the company’s 91-year history. The all-new 1.5-litre, three-cylinder, direct-injection petrol engine was developed in-house using the same modular design as Volvo’s four-cylinder Drive-E engines. The… Continue reading Volvo Cars debuts three-cylinder engine in new XC40 compact SUV
VW Commercial Vehicles boss Andreas Renschler: “A change in culture takes even VW up to ten years”
Andreas Renschler – to the person DavosThe World Economic Forum in Davos was only a few weeks ago. And actually was the interview, the VW Commercial Vehicles Board Andreas Renschler there in the bustle of world politics gave the Handelsblatt long ago authorized. But then, at Renschler’s employer’s home in Wolfsburg, time went by more… Continue reading VW Commercial Vehicles boss Andreas Renschler: “A change in culture takes even VW up to ten years”
Hyundai’s Hydrogen-Powered, Self-Driving SUV Runs on Level 4 Autonomy
In Brief Hyundai recently showcased that their latest autonomous SUV, Nexo, can deliver Level 4 autonomy. The South Korean carmaker believes this breakthrough in self-driving vehicles was possible because Nexo’s electric motor runs on hydrogen fuel. When it comes to the future of clean and safe transportation, all bets seem to be on electric autonomous… Continue reading Hyundai’s Hydrogen-Powered, Self-Driving SUV Runs on Level 4 Autonomy
Daimler may have used software to cheat on US emissions tests
Getty Images Daimler has been under suspicion of cheating on US emissions tests for quite a while now — in 2016, a number of customers even sued the automaker, claiming their cars had sneaky software made to trick testers similar to Volkswagen’s. Now, according to German newspaper Bild am Sonntag, US authorities investigating the Mercedes… Continue reading Daimler may have used software to cheat on US emissions tests
Careem acquires Middle East online restaurant listing platform, to trial food delivery
DUBAI (Reuters) – Careem, a Middle East competitor to Uber Technologies [UBER.UL], said on Sunday it had acquired RoundMenu and would start trialing food delivery services through the restaurant listing and reservation online platform this month. The Dubai-based ride hailing firm acquired the website and app for an undisclosed sum. “Careem will begin testing a… Continue reading Careem acquires Middle East online restaurant listing platform, to trial food delivery