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
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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
PSA creates a joint venture in Metz to advance on the light hybrid
The group PSA continues its offensive in the electrified vehicle. The automaker confirmed Thursday, September 27, the creation of a joint venture with the Sino-Belgian manufacturer of gearboxes Punch Powertrain. Objective: to produce electrical transmissions within the Metz (Moselle) plant by 2022. The expected production capacity is 600 000 units per year, for an investment… Continue reading PSA creates a joint venture in Metz to advance on the light hybrid
Audi: By 2020 Our Electric Cars Will Fast Charge To 80% In 12 Minutes
2 H BY MARK KANE Audi BEVs will get 350 kW ultra-fast charging Currently, Audi is introducing its first all-electric model – the e-tron – which will be able to charge from 0 to 80% in around 30 minutes. That’s at 150 kW of power, which is industry-leading level for passenger cars. Also, the on-board charging… Continue reading Audi: By 2020 Our Electric Cars Will Fast Charge To 80% In 12 Minutes
IONITY Launches First 10 Ultra-Fast Charging Stations
2 H BY MARK KANE 10 stations ready, 390 more to come. IONITY in Europe proceeds with installations of ultra-fast charging network in a similar time/pace as Electrify America in the U.S. IONITY just completed its 10th station, while Electrify America had 10 in August. The IONITY is a joint venture of BMW Group, Daimler… Continue reading IONITY Launches First 10 Ultra-Fast Charging Stations
Leipzig closes earlier, Saarbrücken loses more jobs: Management of Halberg-Guss pulls the emergency brake
DPA Strikers in Leipzig: The factory is already closed at the end of March 2019 The automotive supplier Neue Halberg-Guss (NHG) will close its plant in Leipzig earlier and reduce more jobs in Saarbrücken. The company reacts to a weaker order situation due to the long conflict with the union IG Metall, said the management… Continue reading Leipzig closes earlier, Saarbrücken loses more jobs: Management of Halberg-Guss pulls the emergency brake
UPDATE 2-TomTom plans fleet-management sale to focus on maps battle with Google
AMSTERDAM (Reuters) – TomTom is considering selling its fleet-management business to concentrate on competing head-to-head with Google in car navigation software, it said on Thursday. TomTom navigation are seen in front of TomTom displayed logo in this illustration taken July 28, 2017. REUTERS/Dado Ruvic Shares in the Dutch company jumped by 17 percent to 7.25… Continue reading UPDATE 2-TomTom plans fleet-management sale to focus on maps battle with Google
Ford, Lyft, and Uber to Share Data to Improve Urban Mobility
The partnership gives mayors unparalleled access to road traffic data, allowing them to make better planning and investment decisions as shared and autonomous mobility arrive in their cities. Photo courtesy of Ford. Ford Motor Company, Uber, and Lyft have announced a commitment to SharedStreets, a new data platform designed to make it easier for the private sector to work with cities around… Continue reading Ford, Lyft, and Uber to Share Data to Improve Urban Mobility
New cars no longer appeal to French motorists
The French, like the Europeans, travel fewer and fewer kilometers with their own cars and buy fewer new vehicles, favoring the second-hand market. This is the consequence of a lack of purchasing power but also a more utilitarian report to the automobile. In the early 1990s, sales to individuals accounted for three quarters of the… Continue reading New cars no longer appeal to French motorists