Zoomcar recently announced the launch of PEDL, a private cycle-sharing service in Bangalore. Photo via Indianhilbilly/Wikimedia Zoomcar announced that its revenue has grown 40% compared to this quarter last year, according to an article by Indian CEO. The startup plans to expand to more Southeast Asian and African countries in 2018. Additionally, Zoomcar recently announced… Continue reading Zoomcar Plans to Expand, Add Services
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NVIDIA will power Continental’s self-driving car platform
Rick Wilking / Reuters German automotive components producer Continental has partnered with NVIDIA to produce a full-scale self-driving car platform. It will use the GPU maker’s autonomous vehicle hardware and software setup, DRIVE, to make a unified platform that prospective automakers and others can build their own self-driving cars upon. NVIDIA will provide the Xavier… Continue reading NVIDIA will power Continental’s self-driving car platform
Fair Raises Funding; Acquires Skurt
Fair, a Santa Monica, CA-based provider of an app that lets people shop, get approved and pay for cars, closed a strategic equity funding of undisclosed amount. The round was led by next47, with participation from BMW, CreditEase FinTech Investment Fund, Millennium Technology Value Partners, 137 Ventures, G Squared, and Upfront Ventures. Led by Scott… Continue reading Fair Raises Funding; Acquires Skurt
Sondors’ three-wheeled EV is affordable and stylish
Starting a new car company is tough. In fact, it’s nearly impossible. Then Tesla pulled it off. As we transition from the internal combustion engine to electrification, startups and even a few established players are taking a chance on EVs. Building a three-wheeled autocycle isn’t revolutionary, exactly. But making an EV starting at $10,000, with… Continue reading Sondors’ three-wheeled EV is affordable and stylish
BRIEF-Fiat Chrysler says Tim Kuniskis appointed head of Alfa Romeo, Maserati brands
Feb 5 (Reuters) – Fiat Chrysler Automobiles says: * APPOINTED TIM KUNISKIS AS HEAD OF ALFA ROMEO AND MASERATI BRANDS * REID BIGLAND REMAINS HEAD OF U.S. SALES AND PRESIDENT OF FCA CANADA Source text for Eikon: Further company coverage: (Reporting by Milan newsroom) Our Standards:The Thomson Reuters Trust Principles.
Michelin suspends an emblematic competitiveness agreement
In La Roche-sur-Yon, the manufacturer has reviewed its commitments and is asking employees for new efforts. A blow to a group often cited as an example for its social dialogue.
Toyota’s Way Changed the World’s Factories. Now the Retool
Over decades, Toyota Motor Corp. built a corporate culture that was the envy of the manufacturing world. Now the auto industry’s most-emulated company is overhauling the way it brings its vaunted production system to every corner of the business. The automaker last month created a single group, staffed with 200 employees, to manage the Toyota Production System,… Continue reading Toyota’s Way Changed the World’s Factories. Now the Retool
Does Tesla Have A Free Pass?
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A New Report Predicts That Nearly the Majority of Public Buses Will Be Electric By 2025
Triple the Electric Buses The total number of electric buses servicing the public will more than triple by 2025, according to a new report released by Bloomberg New Energy Finance (BNEF). In 2017, there were 386,000 electric buses in service. The BNEF report predicts that number will balloon to about 1.2 million in the next seven… Continue reading A New Report Predicts That Nearly the Majority of Public Buses Will Be Electric By 2025
Autonomous Driving: Continental allies with Nvidia
Continental is getting chip maker Nvidia on board for the development of artificial intelligence for self-driving cars.