Category: News Site

Why Subaru Is Happy to Be Last in Electric Race

LISTEN TO ARTICLE SHARE THIS ARTICLE Subaru owners are a green bunch. They tend to bike, camp and kayak more than other drivers and inordinately live in the parts of the U.S. with the toughest emissions mandates. The company plays to this ecological image by producing more than 1 million vehicles each year without sending any waste to landfills. Yet the Subaru… Continue reading Why Subaru Is Happy to Be Last in Electric Race

Battery manufacturer: Daimler supplier Akasol plans IPO in June

FrankfurtThe Darmstadt-based battery system provider Akasol plans to go public in June. This was announced by the company on Tuesday. According to insiders, shares worth 100 to 125 million euros are to be sold to investors. In the IPO Akasol should be valued at 400 to 500 million euros. Akasol’s majority shareholder Sven Schulz wants… Continue reading Battery manufacturer: Daimler supplier Akasol plans IPO in June

Takeover: Webasto invests in charging solutions

By taking over the business unit Charging Stations at AeroVironment, the supplier is strengthening its long-term e-mobility strategy. The Webasto Group has the planned, strategic takeover of the Efficient Energy Systems (EES) business unit of AeroVironment. Again supplierannounced on Tuesday, the purchase price is about 35 million US dollars. With the acquisition of all EES… Continue reading Takeover: Webasto invests in charging solutions

Sales of hybrid cars soar as diesels plunge by nearly a quarter

Automotive industry Drivers continue to shun diesel in the face of environmental and tax concerns Sales of plug-in hybrid cars such as the Mitsubishi Outlander PHEV rose by nearly three-quarters in May. Photograph: Alamy Sales of plug-in hybrid cars soared by nearly three-quarters year on year in May, dramatically outstripping the 3.4% overall growth in… Continue reading Sales of hybrid cars soar as diesels plunge by nearly a quarter

Porsche denies the interruption of sales of its gasoline cars in Europe

“Due to a revision of the upcoming models, the model you selected is temporarily not available as a configurable new vehicle.” This is the text posted since Friday, June 1st on the site of Porsche as soon as a user tries to set up a car. In an article, the German daily Frankfurter Allgemeine Zeitung… Continue reading Porsche denies the interruption of sales of its gasoline cars in Europe

Ride-hailing firm Grab launches new venture to back startups in Southeast Asia

Grab, the ride-hailing firm that acquired Uber’s Southeast Asia business, is aiming to catalyze the early-stage startup scene in Southeast Asia after it launched an accelerator and investment unit called Grab Ventures. The six-year-old company has already made investments and acquisitions — backing startups like Drive.ai and buying Indonesia’s Kudo and India-based iKaaz — and Grab… Continue reading Ride-hailing firm Grab launches new venture to back startups in Southeast Asia

Internal documents reveal Tesla is blowing through an insane amount of raw material and cash to make Model 3s, and production is still a nightmare (TSLA)

Tesla is wasting a jaw-dropping amount of raw material and cash to make the Model 3. According to internal documents viewed by Business Insider, the company expects that as much as 40% of the raw materials used to produce batteries and driving units manufactured at Tesla’s Nevada Gigafactory need to be scrapped or reworked by… Continue reading Internal documents reveal Tesla is blowing through an insane amount of raw material and cash to make Model 3s, and production is still a nightmare (TSLA)

Peugeot Maker Halts Iran Expansion, Yielding to US Sanctions

LISTEN TO ARTICLE SHARE THIS ARTICLE PSA Group, the maker of Peugeot and Citroen cars, has suspended its push into Iran, becoming the latest major European company to pull back after the U.S. canceled a nuclear accord with the Islamic republic. The French automaker has begun closing down its joint ventures with Iranian carmakers Iran… Continue reading Peugeot Maker Halts Iran Expansion, Yielding to US Sanctions