US-based bike sharing company LimeBike has raised a US$70 million B+ round, the company announced today. The funds will suppport the company’s expansion beyond its core bike rental business, to include electric bikes and scooters, differentiating it from Chinese bike sharing giants such as Mobike and ofo. California-based Fifth Wall Ventures led the funding round, which brings… Continue reading Limebike Raises $70M B+ Round As Bike Sharing Competition Intensifies
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Aspark Owl EV supercar launch videos claim 62 mph in under 2 seconds
At last year’s Frankfurt Motor Show, we were introduced to the Aspark Owl, yet another electric supercar (so it gives a hoot and doesn’t pollute), this time from Japan. And like so many of these upstart electric sports cars, it combines striking styling with pretty outrageous claims. The calling card for the Owl was a… Continue reading Aspark Owl EV supercar launch videos claim 62 mph in under 2 seconds
Elon Musk promises Model 3 safety changes after crash report
Engadget Tesla has an excellent reputation for safety and it looks like the Model 3 is just as solid as its other EVs — but it still needs a few tweaks. Reddit user “Model 3 Crash Dummy” managed to walk away from an accident that totaled his car, despite the fact that “the paramedics said… Continue reading Elon Musk promises Model 3 safety changes after crash report
Ineos Grenadier: prototypes due in 2018 under new engineering deal
German engineering firm MBtech, which is part-owned by Mercedes-Benz, has signed a deal with Ineos Automotive to engineer its Land Rover Defender-inspired Projekt Grenadier SUV. The technical tie-up will involve MBtech allocating 200 full-time engineers to the project from its Stuttgart base. According to Ineos Automotive CEO Dirk Heilmann, the deal will: “bring together German engineering and British design and entrepreneurship”.… Continue reading Ineos Grenadier: prototypes due in 2018 under new engineering deal
BRIEF-FCA US Recalls About 180,975 Trucks In The U.S. – NHTSA
Feb 16 (Reuters) – NHTSA: * FCA US LLC VOLUNTARILY RECALLING ABOUT 180,975 TRUCKS IN THE U.S. – NHTSA * FCA US RECALLING TRUCKS IN U.S. TO HELP PREVENT OCCUPANTS FROM INADVERTENTLY SHIFTING VEHICLES OUT OF “PARK” – NHTSA * FCA US LLC UNAWARE OF ANY INJURIES OR ACCIDENTS RELATED TO U.S. TRUCK RECALL –… Continue reading BRIEF-FCA US Recalls About 180,975 Trucks In The U.S. – NHTSA
Denso strengthens connectivity business, takes stake in Creationline
Denso Corporation has taken an equity stake in Japanese company Creationline, which excels at deploying and integrating cloud and other technologies that enable next-generation software development, including open source software. The auto industry is undergoing a once-in-a-century paradigm shift. Competition continues to intensify as new players from other industries enter the market and as speed… Continue reading Denso strengthens connectivity business, takes stake in Creationline
Dyson will produce not one, not two, but three electric cars
James Dyson has said that the company has invested “heavily” in solid-state battery technology Electric cars are all the rage now, with manufacturers from Ford and Citroen to BMW and Tesla getting in on the action. What we didn’t expect was a vacuum vendor to make their mark. British firm Dyson, best known for its… Continue reading Dyson will produce not one, not two, but three electric cars
Cummins acquires Johnson Matthey’s automotive battery systems business
Cummins Inc has announced the acquisition of Johnson Matthey’s UK automotive battery systems business, a subsidiary of Johnson Matthey that specialises in high-voltage automotive grade battery systems for electric and hybrid vehicles. As part of the acquisition, Cummins and Johnson Matthey also agreed to collaborate on the development of high energy battery materials for commercial… Continue reading Cummins acquires Johnson Matthey’s automotive battery systems business
Lost in translation? GM plant shutdown shocks South Korea
SEOUL (Reuters) – Only weeks into a new job heading General Motors Co’s international operations, Barry Engle flew into a frigid South Korea in January and held a series of meetings with government officials to discuss the future of GM’s loss-making local unit. In what they thought were meet-and-greet introductions, senior officials agreed to work… Continue reading Lost in translation? GM plant shutdown shocks South Korea
Fight against driving bans: Taxpayers to finance retrofitting for diesel
All articles and backgrounds 02/16/2018 Fight against driving bans Diesel retrofits are apparently to be paid from tax money DPA Traffic in Dusseldorf The discussed hardware retrofits for older diesel cars are to be promoted according to media reports also with state money. But the plans encounter resistance. Owners of diesel cars should possibly be… Continue reading Fight against driving bans: Taxpayers to finance retrofitting for diesel