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TomTom – Volvo cooperation ended

The map service provider TomTom from the Netherlands loses the Swedish automaker Volvo as a customer. There are currently major fluctuations in the traffic segment. HERE Has Google Maps pushed off the throne. Meanwhile, Google Maps is stepping up its engagement and Apple’s maps are coming soon no longer existent. Now also has the map… Continue reading TomTom – Volvo cooperation ended

Zoov launches an ebike sharing system that fits in with existing roads

Whether they take the form of scooters or bikes, pedestrian mobility programs have sprung up quickly around the globe, occasionally angering people and governments in cities that hadn’t asked for a rack of vehicles in the middle of their sidewalk. New French startup Zoov claims its approach to bike sharing “respects public roads” with smaller… Continue reading Zoov launches an ebike sharing system that fits in with existing roads

Fight against driving bans: VW wants to pay high scrapping premiums for old diesel

DPA Volkswagens TDI engines: The muddlers are to be scrapped The carmaker Volkswagen Show stock market chart apparently wants to scrap nationwide old diesel against payment of a conversion fee. VW wants older diesel vehicles of the brands VW, Seat, Skoda and Audi Show stock market chart not only with the emission standards 1 to… Continue reading Fight against driving bans: VW wants to pay high scrapping premiums for old diesel

Uber reportedly raises $2 billion in debut junk bond sale ahead of blockbuster IPO

Anindito Mukherjee | Getty Images
Dara Khosrowshahi, chief executive officer of Uber, looks on following a 2018 event in New Delhi, India.

Uber has raised $2 billion in a junk bond sale, according to a report, as it gears up for its 2019 stock market debut.

The ride-hailing firm raised $1.5 billion through the sale of eight-year notes with a yield of 8 percent — it had initially pitched $1 billion — and an additional $500 million by selling five-year notes with a yield of 7.5 percent in a private placement led by Morgan Stanley, according to the Financial Times.

Uber was not immediately available when contacted by CNBC; nor was Morgan Stanley. The FT said Uber had confirmed the sale's completion.

The embattled start-up is preparing for an initial public offering that media reports have noted could value it at more than $100 billion — far more than its last reported valuation of $72 billion, which it notched after a $500 million capital injection from Japanese carmaker Toyota. It is currently one of the most valuable privately held firms in the world.

The fundraising follows a separate report by the FT on Wednesday that said Uber has mulled the sale of minority stakes in its struggling self-driving unit, known as the Advanced Technologies Group.

“Shared self-driving cars will ultimately make transportation safer, more efficient, and more affordable for riders on the Uber network,” the company said in an emailed statement to CNBC in response to that report.

“Our team at the Advanced Technologies Group is wholly focused on building the safest self-driving technology out there, and we remain committed to supporting their efforts to make this self-driving future a reality.”

The autonomous driving unit suffered a major setback earlier this year after a fatal crash involving one of its driverless vehicles in Tempe, Arizona. It also ended a legal battle with Google's self-driving car division Waymo in February, with a settlement that saw Waymo take a 0.34 percent stake in the company worth $245 million at the time.

Uber's Chief Executive Dara Khosrowshahi said last month the firm is on track to launch its IPO next year and has no plans to sell the Advanced Technologies Group.

You can read the full FT report here.

Gores Holdings Acquires Smart Transportation Company

Verra Mobility is a global leader in smart mobility, serving the world’s largest commercial fleets and rental car companies in managing tolling transactions and violations for more than 8.5 million vehicles and operating more than 4,000 red-light, speed, and school bus stop arm safety cameras. Photo courtesy of Verra Mobility. Gores Holdings II, Inc., a… Continue reading Gores Holdings Acquires Smart Transportation Company

VW to offer buyer incentive for scrapping older German diesels

BERLIN (Reuters) – Volkswagen (VOWG_p.DE) on Thursday said it will offer trade-in incentives and a bonus for scrapping older diesel vehicles in Germany, in a move to stave off driving bans in polluted cities. FILE PHOTO: The logo of Volkswagen is seen at their plant in Wolfsburg, Germany, April 12, 2018. REUTERS/Fabian Bimmer/File Photo VW… Continue reading VW to offer buyer incentive for scrapping older German diesels

The return of the princes and princesses

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Secret tech of the Tesla Model 3

Tesla says tyres for a high-performance electric vehicle are challenged in a way that those on a car powered by an internal combustion engine (ICE) are not. A two-wheel-drive Model 3 with a long-range battery weighs just over 1700kg, so tyres have to cope with high loads as well as a 155mph top speed (for… Continue reading Secret tech of the Tesla Model 3

Hundreds Speak Against Rollback Of Clean Car Standards At Public Hearings

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Published on October 17th, 2018 |

by Guest Contributor

Hundreds Speak Against Rollback Of Clean Car Standards At Public Hearings

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October 17th, 2018 by Guest Contributor

Originally published on EVANNEX.
By Charles Morris

The US DOT and EPA recently held three days of hearings in Fresno, Dearborn, and Pittsburgh on the Trump administration’s proposal to reverse existing federal fuel efficiency and emissions standards, and members of the public had a chance to comment.

The hazardous effects of tailpipe emissions are concerning (Image: Charged)

Hundreds of people, including physicians and health advocates, former EPA officials and technology entrepreneurs, environmental advocates and local officials, testified against the plan, vastly outnumbering the handful that came out in support. Even representatives of automakers and the aluminum industry opposed the effort to water down the standards.

A former EPA analyst who spent years working on emissions policy testified that the technical analysis for this proposal was the “most biased and dishonest” he had witnessed in his 40-year career at the agency.

The DOT’s own Draft Environmental Impact Statement (DEIS) concluded: “The Proposed Action [the Trump administration’s rollback proposal] and alternatives are projected to result in an increase in energy consumption, an increase in most criteria pollutant emissions…Overall US health impacts associated with air quality (mortality, asthma, bronchitis, emergency room visits, and work-loss days) are anticipated to increase across the Proposed Action.”

The Natural Resources Defense Council’s David Pettit pointed out several shortcomings of the DOT’s DEIS at the Fresno hearing. “The alternatives analysis looks only at reductions in the CAFE standards, not increases,” he said. “None of these alternatives increases fuel economy with respect to the no action alternative, none conserves energy, and none represents maximum feasible CAFE standards. These are fundamental errors. The DEIS is fundamentally flawed and needs to be withdrawn.”

Rolling back clean car and fuel economy standards means more gasoline fill-ups for ICE vehicle owners (Image: Natural Resources Defense Council)

According to the NRDC’s Luke Tonachel, who testified in Dearborn this week, adopting the proposal would mean fewer innovative jobs, more smog, soot and carbon pollution, and higher costs for drivers filling up at the pump. The agencies’ own analysis shows that halting progress on emissions will mean 60,000 fewer jobs, an outcome that would be especially bad for Michigan, which is home to 69,593 jobs in 224 facilities that make materials or components for more fuel-efficient cars.

The agencies also admit that the plan will mean more carbon pollution. If the plan is adopted, an additional 73 billion gallons of gasoline will be consumed by the vehicles directly regulated under the proposal – an additional cost of $170 billion dollars for American drivers.

The administration’s argument that halting the pollution and mileage standards would save lives by reducing highway deaths was undercut by the EPA’s own analysts, who showed the flaws in its assumptions.

A spokesman for an aluminum industry trade group testified that the administration’s claim that automotive lightweighting would lead to more highway fatalities is false. “Numerous flawed assumptions in the draft rule are misleading and overstate potential unfavorable impacts on safety,” said Mario Greco, Chairman of the the Aluminum Transportation Group. “Automakers are not reducing the weight of small cars, but instead are prioritizing weight reductions where it offers the most promise to boost fuel economy and reduce emissions – their larger, heavier cars and trucks.”

Sources: Natural Resources Defense Council, Aluminum Transportation Group

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VW Group wants to take back and scrap diesel for up to € 10,000

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