Caocao Zhuanche, an electric vehicle sharing company backed by Chinese automaker Geely, has completed a RMB1 billion (US$156 million) series A round from various investors, at a valuation of over RMB10 billion (US$1.6 billion), according to its official Weibo account. The identity of investors in the round was not disclosed. Launched in 2015, Hangzhou-based Caocao… Continue reading Geely-backed Chinese Ride-Sharing Firm Caocao Zhuanche Raises $156M Series A Round At $1.6B Valuation
Category: Automotive
Cadillac will follow XT4 with a larger, third-row crossover in early 2019
CLOSE From sleek new sports cars to hefty trucks, the international auto show had something for everyone. USA TODAY Buy Photo A 2018 Cadillac XT5 Platinum Edition is seen on display on Tuesday, January 16, 2018 during the 2018 North American International Auto Show at Cobo Center in Detroit. (Photo: Ryan Garza, Detroit Free Press)Buy… Continue reading Cadillac will follow XT4 with a larger, third-row crossover in early 2019
INFINITI Q Inspiration named ‘Best Concept Vehicle’ and awarded ‘Best Designed Interior’ at 2018 NAIAS by EyesOn Design
The Q Inspiration Concept explores a new design language and new proportions for INFINITI DETROIT – The INFINITI Q Inspiration Concept today was named “Best Concept Vehicle” and also awarded “Best Designed Interior” by EyesOn Design at the 2018 North American International Auto Show. The Q Inspiration concept, a preview of INFINITI’s future form language… Continue reading INFINITI Q Inspiration named ‘Best Concept Vehicle’ and awarded ‘Best Designed Interior’ at 2018 NAIAS by EyesOn Design
Mazda Leads Manufacturer Adjusted Fuel Economy in US Environmental Protection Agency Report for Fifth Consecutive Year
2018/01/17 Products and Technology HIROSHIMA, Japan-Mazda Motor Corporation has announced that the Light Duty Fuel Economy Trends Report,1 released by the US Environmental Protection Agency (EPA) on Jan. 12, 2018, lists the company as having the highest overall Manufacturer Adjusted Fuel Economy for the 2016 model year. 2 Mazda receives the first-place ranking for the… Continue reading Mazda Leads Manufacturer Adjusted Fuel Economy in US Environmental Protection Agency Report for Fifth Consecutive Year
INFINITI to go electric from 2021
INFINITI will launch its first pure electric vehicle in the same year Electrified vehicles will comprise more than half of INFINITI global sales by 2025 DETROIT – INFINITI Motor Company will introduce new vehicles with electrified powertrains from 2021, said Nissan Chief Executive Officer Hiroto Saikawa at the Automotive News World Congress today. Customers can expect… Continue reading INFINITI to go electric from 2021
Electric Ferrari supercar is under consideration
Ferrari is investigating building an all-electric supercar, Fiat Chrysler CEO Sergio Marchionne has admitted. The flamboyant exec had already made waves at the Detroit Motor Show by confirming his brand’s controversial SUV will be ready by late 2019 or early 2020. But Marchionne admitted the brand still has some way to go before an EV… Continue reading Electric Ferrari supercar is under consideration
Bosch technology enables redundancy needed for automated driving
DETROIT – Without redundancy, there is no automated driving. The promise of automated driving requires a mix of technological, societal and regulatory development and cooperation. The technology continues to advance thanks to sensors and software, but also thanks to redundancy. In order to realize fully-automated driving on the path to the accident-free future, redundancy in… Continue reading Bosch technology enables redundancy needed for automated driving
Is BMW going to make you pay for Apple CarPlay every year?
Unlike many automakers that offer Apple CarPlay in their new cars, BMW makes you pay for it on all of their models. That’s unlikely to change, but it may soon cut a break to those who don’t use iOS or don’t like Apple’s smartphone integration system for the car. The automaker next year will turn… Continue reading Is BMW going to make you pay for Apple CarPlay every year?
Ford Details Plans to Improve Fitness, Refocus Model Lineup and Accelerate Introduction of Smart Vehicles and Services
Operational fitness, portfolio rationalization and increased investments in electrification, autonomy and mobility at core of company strategy Company increases planned investments in electrification to $11 billion by 2022 Expanded electrified portfolio to include 40 electrified vehicles globally, including 16 full battery electric vehicles by 2022 Announces preliminary results for full-year 2017 of $1.95 earnings-per-share (EPS)… Continue reading Ford Details Plans to Improve Fitness, Refocus Model Lineup and Accelerate Introduction of Smart Vehicles and Services
Boeing, Adient Launch New Company to Design and Build Airplane Seats
SEATTLE, Jan. 16, 2018 /PRNewswire/ — Boeing [NYSE: BA] and Adient [NYSE: ADNT] today announced the formation of Adient Aerospace, a joint venture that will develop, manufacture and sell a portfolio of seating products to airlines and aircraft leasing companies. The seats will be available for installation on new airplanes and as retrofit configurations for… Continue reading Boeing, Adient Launch New Company to Design and Build Airplane Seats