Porsche has been ahead of the curve on fast charging, developing its own 800-volt charging system, while also participating in cross-brand infrastructure projects including Electrify America and Ionity. Earlier this year, the company announced plans to deploy a network of 500 charging stations in North America in time for the launch of its Taycan EV… Continue reading Porsche unveils new modular concept for fast charging stations
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You Can Now Buy A Discounted Tesla Model 3 Demo Car
3 H BY STEVEN LOVEDAY The time has already begun to partake in a used Tesla Model 3. Some of us have been eagerly awaiting the day that we can buy a used Tesla Model 3. While the reality is that it may be years before there is a wealth of used Model 3s at discounted… Continue reading You Can Now Buy A Discounted Tesla Model 3 Demo Car
Dyson Dumps Solid-State Battery Developer Sakti3
3 H BY MARK KANE Dyson writes off investment in Sakti3. It’s been quite some time since British manufacturer Dyson acquired Michigan-based battery startup Sakti3 in 2015 for $90 million, But now, according to the latest media reports, Dyson reviewed the investment (reportedly back in December 2017) and recorded an impairment charge of £46 million (over $60 million). “During… Continue reading Dyson Dumps Solid-State Battery Developer Sakti3
Ford wants ‘certainty’ in any U.S. trade deals -chairman
DEARBORN, Mich. (Reuters) – As the Trump administration negotiates new trade pacts with Canada, China and other countries, Ford Motor Co (F.N) Executive Chairman Bill Ford said on Thursday the automaker wants deals that allow it to plan and invest with “certainty.” FILE PHOTO: Newly assembled Ford 2018 F1-50 pick-up trucks are loaded on to… Continue reading Ford wants ‘certainty’ in any U.S. trade deals -chairman
Cargo Secures $22M in Series A Financing
Cargo, a NYC-based provider of in-car commerce for ride-share companies, secured $22m in Series A financing. The round was led by Founders Fund with participation from:– Coatue Management– Aquiline Technology Growth– Mark Pincus, Founder of Zynga– Vivi Nevo, Israeli-American Venture Capitalist– Colin Carrier, Former Twitch CSO– Emil Michael, Uber’s former Chief Business Officer– Josh Mohrer,… Continue reading Cargo Secures $22M in Series A Financing
UPDATE 1-VW will support retrofitting of older diesel cars in Germany – source
HAMBURG (Reuters) – Volkswagen (VOWG_p.DE) is prepared to support hardware retrofits for older diesel vehicles and offer incentives for drivers to swap some older diesel vehicles for newer ones, a person familiar with the matter said on Friday. FILE PHOTO: A car with the Volkswagen VW logo badge is seen on display at the North… Continue reading UPDATE 1-VW will support retrofitting of older diesel cars in Germany – source
Indian electric vehicle start-up gets angel funding to bolster leadership status
BENGALURU: Electric vehicle start-up Strom Motors (E14 Technologies Pvt Ltd) on Thursday said it has secured angel funding from Indian Angel Network (IAN). The investment would help the Mumbai-based start-up consolidate its leadership position in the technology-enabled mobility industry, setting up product sales, accelerate its geographical expansion and increase its consumer base across markets, a… Continue reading Indian electric vehicle start-up gets angel funding to bolster leadership status
In-car commerce startup Cargo raises $22 million led by Founders Fund
Cargo, the startup that helps ridesharing drivers earn money by bringing the convenience store into their vehicles, has raised $22 million in a Series A round led by Founders Fund. Additional investment came from Coatue Management, Aquiline Technology Growth as well as a number of high-profile entertainment, gaming, and technology executives who include Zynga founder Mark… Continue reading In-car commerce startup Cargo raises $22 million led by Founders Fund
Lamborghini sees India among top 10 global markets in 5 years
PUNE: Italian super sports car maker Automobili Lamborghini expects India to break into its top ten global markets in the next five years with its new SUV Urus, set to help drive up volumes in the country, a top company official said Thursday. The company, which sold 26 units in India last year, expects to… Continue reading Lamborghini sees India among top 10 global markets in 5 years
Applied Adhesives Acquires Pacific Adhesives
Applied Adhesives has announced its acquisition of Pacific Adhesives, Inc. Applied Adhesives will continue to market Pacific’s portfolio of hot-melt, water-based and palletizing adhesives and says that the union of the two companies will build on its tradition of customer service and its commitment to maintaining the highest possible standard in adhesive technologies. This represents… Continue reading Applied Adhesives Acquires Pacific Adhesives