They were nearly 800 kilometers away but gave themselves a speckled duel. On the one hand, Carlos Tavares, the boss of PSA, who promised his shareholders to straighten Opel with an iron fist. On the other hand, Wolfgang Schäfer-Klug, chairman of the German brand’s works council, promised the employees to stand firm against the “propaganda”… Continue reading In Eisenach, Opel employees reject “French social relations”
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BMW Concept iX3 previews future Jaguar I-Pace rival
BMW says lessons learnt through the establishment of its i sub-brand and recent developments surrounding its upcoming iNext model have allowed it to provide the new Concept iX3 with “new dimension” in performance, operating range, weight and packaging over its first dedicated electric powered production model, the three-year-old i3. The new pure electric SUV, unveiled at… Continue reading BMW Concept iX3 previews future Jaguar I-Pace rival
Audi recalls 1.2 mn cars and SUVs worldwide
The recall covers the 2013 to 2016 A4, the 2013 to 2017 A5, the 2012 to 2015 A6, and the Q5 SUV from 2013 to 2017. All have 2-Liter turbocharged engines. DETROIT: Audi is recalling about 1.2 million cars and SUVs worldwide because the electric coolant pumps can overeat and possibly cause a fire. The… Continue reading Audi recalls 1.2 mn cars and SUVs worldwide
China’s BAIC Motor to raise $422m via share sale for working capital
April 25, 2018 BAIC Motor Corporation Ltd said on Wednesday it planned to sell new shares for HK$3.3 billion ($422 million) to replenish funds for working capital. The automaker said it would sell 420 million shares or 5.2 percent of its enlargedshare capital to third party investors. They will be sold at HK$7.89 apiece, or… Continue reading China’s BAIC Motor to raise $422m via share sale for working capital
Chinese carmaker BAIC tumbles on latest capital raise
Savari Raises $12M To Connect Cars To Stoplights, Phones, Each Other
Savari, whose technology is designed to create a shared communications web among cars, personal devices, and roadway signals, announced today it has raised $12 million in a Series B fundraising round. Santa Clara, CA-based Savari makes V2X technology—that is, software and hardware sensor units designed to connect vehicles to everything that moves, so they can… Continue reading Savari Raises $12M To Connect Cars To Stoplights, Phones, Each Other
CEO Tavares insists on austerity measures
At Opel, the fronts between the workforce and the French mother Peugeot harden. Despite protests and good numbers, CEO Tavares urges a wage waiver. Opelians protest in Eisenach, Thuringia Tuesday, 24.04.2018 5:32 pm Because of the planned renovation of the OpelWorks in Germany, the workforce goes with the parent company Peugeot SA (PSA) on confrontation… Continue reading CEO Tavares insists on austerity measures
Voyage open-sources autonomous driving safety practices
Voyage, the self-driving car spinout from Udacity, is open-sourcing its approach to autonomous driving safety. This comes at a time when autonomous driving programs are under intense scrutiny following two fatal crashes — one involving Tesla’s Autopilot and the other one involving one of Uber’s self-driving cars in Tempe, Arizona. Meanwhile, Voyage has already successfully deployed… Continue reading Voyage open-sources autonomous driving safety practices
Electrify America’s First 350 kW Ultra-Fast Charger Opens Tomorrow
1 H BY MARK KANE Electrify America announced a set of partners for installations of ultra-fast DC fast chargers at more than 100 major retail, convenience and refueling locations in the U.S. Electrify America fast charging station The latest announcement comes on top of the previous about DC fast chargers (also some ultra-fast) at more… Continue reading Electrify America’s First 350 kW Ultra-Fast Charger Opens Tomorrow
Ford Changed Leaders, Looking for a Lift. It’s Still Looking.
“When are we going to know these six?” Adam Jonas of Morgan Stanley asked. “Because I asked you a pretty straightforward question. You’re alluding to the six in your slides. You’re clearly not willing to talk about them.” Then, with a tone of exasperation rarely heard in such calls, Mr. Jonas added, “That’s a problem,… Continue reading Ford Changed Leaders, Looking for a Lift. It’s Still Looking.