Tesla said it plans to cut 9% of its workforce as part of a restructuring intended to reduce costs and boost profitability. The layoffs at Elon Musk’s electric car company come as it tries to increase production of its Model 3 sedan and turn a quarterly profit this year. Tesla said the more than 3,000… Continue reading Tesla to slash thousands of jobs in profitability drive
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Why Self-Driving Car Companies Are Eyeing This Remote Driving Startup
Six months ago, remote driving startup Phantom Auto was just a fleck in a crowded sea of companies vying for visibility—and customers—in the nascent autonomous vehicle industry. Today, it’s on the verge of landing deals with automakers, tech companies, and ride-hailing services all racing to deploy autonomous vehicles for public use. Phantom Auto, fresh from… Continue reading Why Self-Driving Car Companies Are Eyeing This Remote Driving Startup
The scandal is Dieter Zetsche
Ride instead of crackdown: With this strategy, Daimler CEO Dieter Zetsche wants to personally survive the diesel affair. It harms the Group and its industry in the long term. Tuesday, 12.06.2018 16:36 clock It could have been a liberation blow for the Daimler Group and its tens of thousands of righteous employees. By the announcement,… Continue reading The scandal is Dieter Zetsche
Scooter startup Bird is reportedly about to hit a $2B valuation
More financing is coming in for Bird, this time potentially valuing the company at $2 billion, according to a new report by Axios. There’s not a ton to add here compared to the last round (which happened just weeks ago), as the same dynamics are probably in play here. While Uber was a bet on… Continue reading Scooter startup Bird is reportedly about to hit a $2B valuation
Priod takes over the Fiolet group!
The group headed by the Priod family accelerates its development by taking over the group Fiolet, distributor Opel and Kia. It not only opens a new geographical map but also adds nearly 3,500 VN to its offer … The Priod group no longer stops. Indeed, after having Etablissements Le Gallou, Fiat distributor, Alfa Romeo and… Continue reading Priod takes over the Fiolet group!
Mapfit raises $5.5M for its mapping platform
If you are a developer and you want to use the Google Maps Platform to power direction or other location-based features in your applications, things can quickly get expensive. Mapfit, which today announced that it has raised a $5.5 million funding round, promises to challenge Google on price while offering geocoding services and vector-based maps that… Continue reading Mapfit raises $5.5M for its mapping platform
The concern grows at Peugeot Scooters
Employees of Peugeot Scooters want to know what sauce they will be eaten. Worried about the turn of events, the works council of the company decided to exercise its right of warning. The procedure, which provides a clear view of the finances of a company through an accountant, will be formally launched Thursday at an… Continue reading The concern grows at Peugeot Scooters
BMW sales fall, so too does German investor confidence
Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world’s media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn… Continue reading BMW sales fall, so too does German investor confidence
A former Tesla safety director claims he was fired after he raised concerns about unreported workplace injuries (TSLA)
A former Tesla safety director alleges that he was fired for raising concerns about workplace safety conditions and misreported workplace injuries, Jalopnik first reported. The former employee, Carlos Ramirez, filed a lawsuit against the company on Wednesday. In the lawsuit, he alleges that he became aware of chemical fires, improperly placed parts and equipment, failures… Continue reading A former Tesla safety director claims he was fired after he raised concerns about unreported workplace injuries (TSLA)
GM has no projects underway with Lyft, CEO Barra says
DETROIT (Reuters) – General Motors Co (GM.N) Chief Executive Officer Mary Barra said on Tuesday the No. 1 U.S. automaker currently has no projects underway with ride-sharing company Lyft, in which it has a 9 percent stake. FILE PHOTO – General Motors CEO Mary Barra attends as U.S. President Donald Trump meets with chief executives… Continue reading GM has no projects underway with Lyft, CEO Barra says