Category: News Site

UPDATE 1-Uber posts $1 bln loss in quarter as growth in bookings slows

SAN FRANCISCO (Reuters) – Uber Technologies Inc said on Wednesday that growth in bookings for its ride-hailing and delivery services rose 6 percent in the latest quarter, the third quarter in a row that growth has remained in the single digits after double-digit growth for all of last year. FILE PHOTO: The Uber application is… Continue reading UPDATE 1-Uber posts $1 bln loss in quarter as growth in bookings slows

Faraday Future employees sue investor over ‘conspiracy’ to destroy the EV startup

The battle between ailing electric car startup Faraday Future and its main investor, Chinese real estate giant Evergrande, escalated once again on Wednesday. Employees of the startup filed suit against Evergrande in Los Angeles County Superior Court, claiming the Chinese conglomerate committed “breaches” of its fiduciary duties as well as “other illegal conduct.” The plaintiffs… Continue reading Faraday Future employees sue investor over ‘conspiracy’ to destroy the EV startup

Oil giant BP gets its first Tesla Powerpack project, says could lead to more

Fossil fuel companies are seeing the writing on the wall and investing their profits from burning oil into renewable energy. British oil giant BP’s wind energy is a good example of that and it is now combining a wind farm with its first Tesla Powerpack project. The project was first announced in April. It involves… Continue reading Oil giant BP gets its first Tesla Powerpack project, says could lead to more

Electrify America To Open First California Fast Charger In Torrance

2 H BY MARK KANE Almost 40 Electrify America stations were installed so far. Electrify America announced that it is opening its first ultra-fast charging station in California, located at the Country Hills Shopping Plaza in Torrance. In total, there will be 160 stations with 600 fast chargers in California and the first 9 are to be… Continue reading Electrify America To Open First California Fast Charger In Torrance

Locked in a Tesla patent suit, Nikola nabs $210M at $1.1B valuation for hydrogen trucks

Nikola, the hydrogen trucking startup currently suing Tesla for patent infringement (those are the actual names, sorry spirit of real Nikola Tesla), today announced that it has raised $210 million in its Series C round of funding. The company had previously announced in August that it had raised $100 million of the round; now it has… Continue reading Locked in a Tesla patent suit, Nikola nabs $210M at $1.1B valuation for hydrogen trucks

Bamboo Apps Partners with Rinspeed to Deliver a New Concept Vehicle at…

Bamboo Apps Partners with Rinspeed to Deliver a New Concept Vehicle at CES 2019 Bamboo Apps, a trusted software supplier and an inspiration partner for the world-leading automotive and mobility companies, today announced the partnership with Rinspeed, a Swiss car design powerhouse, for the realization of the microSNAP project. As a trusted software supplier and… Continue reading Bamboo Apps Partners with Rinspeed to Deliver a New Concept Vehicle at…

Hyundai and Kia partner with Vodafone for connected services

Hyundai Motor and Kia Motors have entered a new pan-European strategic partnership with Vodafone to provide customers with fully connected in-car infotainment and connected car service. The partnership will enable both car manufacturers to tap into Vodafone’s technical expertise, and offer connected in-car infotainment services to their European drivers. Hyundai and Kia will use Vodafone’s… Continue reading Hyundai and Kia partner with Vodafone for connected services

France unveils 500 million euros in aid to motorists

The new measures come after nationwide protests against tax increases on petrol have spread in recent weeks. PARIS: French Prime Minister Edouard Philippe on Wednesday announced a 500 million euros ($564 million) plan to help motorists with the lowest incomes, in a bid to defuse a wave of nationwide protests against a tax increase on… Continue reading France unveils 500 million euros in aid to motorists