All articles and backgrounds 08/06/2018 Supplier dispute with VW Prevent subsidiary closes Leipzig plant DPA Worker of the New Halberg font Around 800 jobs are to be canceled: A subsidiary of the VW supplier Prevent wants to close its Leipzig foundry. The companies reproach each other. The dispute between the car supplier Prevent and Volkswagen… Continue reading Supplier dispute with VW: Prevent subsidiary closes Leipzig plant
Category: Automotive
GM and Honda join hands for next-gen EV battery development
General Motors Co and Honda have announced an agreement for new advanced chemistry battery components, including the cell and module, to accelerate both companies’ plans for all-electric vehicles. The next-generation battery will deliver higher energy density, smaller packaging and faster charging capabilities for both companies’ future products, mainly for the North American market. Under the… Continue reading GM and Honda join hands for next-gen EV battery development
GM is supplying next-gen batteries for Honda EVs
Stringer . / Reuters GM has expanded its collaboration with Honda to supply the Japanese automaker with next-generation batteries. These will go in EVs built mainly for the North American market, and though neither company stated when they would start using the new power options, sources told Reuters that they’re expected to begin production in… Continue reading GM is supplying next-gen batteries for Honda EVs
Volvo Cars Sets New Goal for Robo-Taxis in Biggest Industry Bet
Volvo Cars is betting driverless vehicles will make up one-third of its deliveries by the middle of the next decade, setting the auto industry’s most ambitious target yet for the new technology. Half of the cars the Swedish company offers will be available through its subscription service, creating links to more than 5 million consumers… Continue reading Volvo Cars Sets New Goal for Robo-Taxis in Biggest Industry Bet
Toyota Mobility Foundation and World Resources Institute Work to Enhance Accessibility and Multi-Modal Mobility in Six Indian Cities
The Toyota Mobility Foundation (TMF) and the World Resources Institute (WRI) have agreed to work together to enhance metro accessibility through multi-modal mobility solutions in six Indian cities over the next three years, from 2018 to 2021.
Peer-to-Peer Ridesharing Platform, HyreCar Files Registration Statement for Proposed Initial Public Offering
LOS ANGELES, June 7, 2018 /PRNewswire/ — Today, HyreCar Inc. announced it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (“SEC”) relating to a proposed initial public offering of shares of its common stock. HyreCar Inc. plans to offer 2,100,000 shares of its common stock at a… Continue reading Peer-to-Peer Ridesharing Platform, HyreCar Files Registration Statement for Proposed Initial Public Offering
British automotive company Cosworth eyes New York IPO in 2019
NEW YORK, June 7 (Reuters) – Cosworth, the British automotive engineering company famous for the engines it once made for Formula One racing teams, plans an initial public offering (IPO) in New York as early as next year, Chairman Kevin Kalkhoven said on Thursday. Cosworth has broadened its focus in recent years from manufacturing engines… Continue reading British automotive company Cosworth eyes New York IPO in 2019
UPDATE 3-Fatal Tesla Autopilot crash driver had hands off wheel – U.S. agency
WASHINGTON (Reuters) – The driver of a Tesla Inc Model X car using Autopilot did not have his hands on the steering wheel in the six seconds before a fatal crash in California in March, the U.S. National Transportation Safety Board said Thursday. The logo on a 2018 Tesla Model 3 electric vehicle is shown… Continue reading UPDATE 3-Fatal Tesla Autopilot crash driver had hands off wheel – U.S. agency
Lime brings electric scooters to LA
While electric scooter startups are at a standstill in San Francisco, Lime is taking its scooter service to Santa Monica, Calif. — competitor Bird’s home turf. Lime was planning to launch its new model of scooter that it built in partnership with Segway in San Francisco last month, it’s now debuting them in the Los Angeles… Continue reading Lime brings electric scooters to LA
Tencent-backed used car auction platform Tiantian Paiche secures $100m
June 7, 2018 Tiantian Paiche, a Shanghai-based used car online platform that counts Tencent among its early backers, has raised $100 million from Autohome, an online portal for automobile consumers in China. On its Wechat account, the company said Autohome was the sole investor in the corporate round. The investor has also obtained the right… Continue reading Tencent-backed used car auction platform Tiantian Paiche secures $100m