FILE PHOTO: Daimler AG CEO Dieter Zetsche speaks at the company’s annual news conference in Stuttgart, Germany, February 6, 2019. REUTERS/Michael Dalder (Reuters) – Daimler AG Chief Executive Officer Dieter Zetsche said the German automaker would add a new compact SUV to its lineup later this year. Zetsche at an event in Shanghai on Monday… Continue reading Daimler to add new compact SUV to lineup this year – CEO
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Exclusive: Toyota sells electric vehicle technology to Chinese startup Singulato
BEIJING (Reuters) – Toyota Motor Corp has agreed to sell electric car technology to Singulato, its first deal with a Chinese electric vehicle startup, allowing the fledgling firm to speed up development of a planned mini EV. Singulato workers unwrap a concept car, dubbed the iC3, which is based on a discontinued EV of Toyota,… Continue reading Exclusive: Toyota sells electric vehicle technology to Chinese startup Singulato
Volkswagen pushes battery partners to build Gigafactories
FILE PHOTO: A Volkswagen logo is seen on a new car model at the 89th Geneva International Motor Show in Geneva, Switzerland, March 5, 2019. REUTERS/Denis Balibouse SHANGHAI (Reuters) – Volkswagen is pushing its joint venture partners including SK Innovation (SKI) to build electric car battery plants which have at least one Gigawatt manufacturing capacity,… Continue reading Volkswagen pushes battery partners to build Gigafactories
Daimler faces probe over ‘new cheating software’
Berlin: Daimler confirmed Sunday it was facing a regulatory probe after a report said German authorities have uncovered a previously unknown type of pollution trickery software allegedly installed by the car giant in some of its vehicles. The Federal Motor Transport Authority (KBA) has initiated a formal hearing procedure, Bild am Sonntag newspaper reported. The… Continue reading Daimler faces probe over ‘new cheating software’
Battery Maker CATL Reports Massive Growth YoY
5 H BY GASGOO Big growth for China’s biggest battery maker. On April 8, Chinese power battery maker CATL released a review of its performance in the first quarter of 2019, with an expected net profit ranging from RMB992 million to RMB1.16 billion attributable to shareholders of the public company, surging 140% to 170% year… Continue reading Battery Maker CATL Reports Massive Growth YoY
GM talks with electric truck maker Rivian may be dead
By Sven Gustafson GM will not follow Amazon’s lead and take an equity stake in fledgling electric vehicle company Rivian after talks reached an impasse. So says Bloomberg, citing unnamed sources who are familiar with the matter and say the negotiations may be dead. GM was widely believed to be right in line with Amazon,… Continue reading GM talks with electric truck maker Rivian may be dead
Equity transcribed: Digging into the Uber S-1
Welcome back to this week’s transcribed edition of Equity, TechCrunch’s venture capital-focused podcast that unpacks the numbers behind the headlines. And because it’s another week, why not another emergency episode? This time Kate Clark and Alex Wilhelm popped in the studio an hour before they were due to record the regular episode in order to… Continue reading Equity transcribed: Digging into the Uber S-1
Mazda recalls nearly 190K cars due to failing wipers
DETROIT: Mazda is recalling nearly 190,000 Mazda 3 compact cars in the U.S. because the windshield wipers can fail. The company says in documents posted Saturday by the U.S. National Highway Traffic Safety Administration that the recall covers cars from the 2016 through 2018 model years. The Japanese automaker traced the problem to metal deposits… Continue reading Mazda recalls nearly 190K cars due to failing wipers
Mazda recalls nearly 190,000 cars due to failing wipers
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Dongfeng Honda starts operation of its third plant in China
New Delhi: Dongfeng Honda Automobile on Friday announced that the company has started the operation of its third factory in the central Chinese city of Wuhan. Sales of Dongfeng Honda witnessed a year-on-year surge of 19.8 percent in the first quarter of 2019, thanks to a continuing popularity of the CR-V sports utility vehicle and… Continue reading Dongfeng Honda starts operation of its third plant in China