Tesla CEO Elon Musk said on Monday that the company is attempting to eliminate contracts for its customers and simplify the return process. Musk was replying to a Twitter user who said his sister-in-law had experienced a delay with the contract for her Model X SUV. “We’re trying to get rid of contracts completely. Should… Continue reading Elon Musk said Tesla wants to eliminate contracts for its customers (TSLA)
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Volkswagen poaches BMW engine development expert Duesmann
BERLIN (Reuters) – Volkswagen (VOWG.DE) has recruited BMW (BMWG.DE) engine development and purchasing expert Markus Duesmann, it said on Tuesday, bolstering its management board with a potential candidate for the CEO vacancy at its Audi premium brand. FILE PHOTO – Markus Duesmann, board member of German luxury carmaker BMW attends the company’s annual news conference… Continue reading Volkswagen poaches BMW engine development expert Duesmann
Southeast Asia’s Grab hit by backlash over changes to customer loyal program
Life without Uber should be simple for Grab, but a battle with regulators in Singapore could see the company’s acquisition of Uber’s Southeast Asia business unwound while some consumers have voiced concern around a lack of competition. Grab co-founder Hooi Ling Tan recently claimed competition remains in the market, but that hasn’t stopped another consumer backlash… Continue reading Southeast Asia’s Grab hit by backlash over changes to customer loyal program
Tesla explains why it asked some suppliers for retroactive discounts
Tesla has responded to a report in the Wall Street Journal Sunday that the company asked a supplier last week to return a “meaningful amount of money of its payments since 2016.”
Volta’s ad-supported electric vehicle charging service raises $35 million
As increasing numbers of electric vehicles are expected to hit the streets, thanks to new models from big automakers soon hitting the market, charging networks like Volta Charging are raising new cash to meet the expected demand. The company today said it raised $35 million from investors led by the Invenergy Future Fund, the technology investment arm… Continue reading Volta’s ad-supported electric vehicle charging service raises $35 million
3D printing and prospects of robo-glove at General Motors
At General Motors’ Lansing Delta Township Assembly Plant, Michigan, workers may use a bionic glove, named Robo-Glove, to handle mass produced 3D printed parts. Two years ago, GM initiated a project in collaboration with NASA and Bioservo to develop a grasp-assisted glove which could help increase workers’ productivity. Now, their engineers have successfully invented Robo-Glove, which allows wearers… Continue reading 3D printing and prospects of robo-glove at General Motors
Lime hits six million rides
Lime, the bike and scooter-share company that recently raised $335 million from GV, Uber and others, has hit six million rides since launching last June. Lime, which first launched in Greensboro, N.C., has since expanded to 70 cities. In comparison, Bird announced in April it hit 1 million rides since launching in November. Lime’s ridership in… Continue reading Lime hits six million rides
Electric cars could cost more to charge at peak periods, says Ofgem
Electric vehicle owners could face a fresh concern in addition to range and charging locations in the future, with industry regulator Ofgem suggesting that it could cost more to charge their cars in peak times. The proposed “flexible energy” measures would ensure less investment is needed in the UK’s electricity infrastructure. Ofgem analysis suggests that if owners use ‘flexible charging’… Continue reading Electric cars could cost more to charge at peak periods, says Ofgem
China’s Ningbo Jifeng succeeds with revised takeover offer for Germany’s Grammer
July 23, 2018 The family behind Chinese car parts maker Ningbo Jifeng said on Monday that its revised takeover offer for German peer Grammer has been successful. The Wang family, majority shareholder of Ningbo Jifeng, said that 37.7 percent of the Grammer shares had been tendered, meeting a lowered acceptance threshold of 36 percent. The German automotive… Continue reading China’s Ningbo Jifeng succeeds with revised takeover offer for Germany’s Grammer
The adorable Microlino car just got approved for European streets
The ultimate city car just got city approved. The ultra-compact Microlino car from Micro, the Swiss mobility company behind the ultra popular Micro Kickboard scooters—just passed its last round of safety tests, and is now approved for driving on European streets. At just under 8 feet long, the tiny automobile is smaller than a Smart… Continue reading The adorable Microlino car just got approved for European streets