Lyft executives celebrate the company’s IPO in 2019. Mario Tama/Getty Images Uber shares rose as much as 18% and Lyft shares jumped as much as 22% on Wednesday after California voters approved Proposition 22. The ballot measure’s passage means the ride-hailing companies can continue to classify their drivers as independent contractors instead of employees, exempting… Continue reading Uber and Lyft gain $13 billion in combined market value after Californians approve Prop 22
Category: Automotive
Automakers use virtual reality to cut the development time for vehicles like the Hummer EV
General Motors unveiled the 2022 GMC Hummer EV sport utility truck, or SUT, online and during national television broadcasts on Oct. 20, 2020. GM General Motors developed the 2022 GMC Hummer EV in rapid time with help of virtual reality, an increasing trend for the automotive industry before and during the coronavirus pandemic. GM CEO… Continue reading Automakers use virtual reality to cut the development time for vehicles like the Hummer EV
Fiat Chrysler gives up-close look at Jeep Grand Wagoneer, Dodge Charger Redeye
The Jeep Grand Wagoneer Concept was on display in Auburn Hills this week. So was the V8-powered Jeep Wrangler Rubicon 392 Concept, 2021 Ram 1500 TRX, 2021 Dodge Charger Redeye, 2021 Chrysler Pacifica Pinnacle and even the 2021 Jeep Wrangler 4xe, the first Wrangler plug-in hybrid, among others. What was the occasion? FCA was giving a… Continue reading Fiat Chrysler gives up-close look at Jeep Grand Wagoneer, Dodge Charger Redeye
Internal memo from Bill Ford offers reassurance, ‘no matter who is running the country’
Bill Ford, executive chairman of Ford Motor Co., emailed the Ford team on Friday night “a message on the U.S. Election” as protesters gathered in Detroit and tensions nationally ran high over the presidential election. Ford, 63, is known to send periodic messages when he feels such communication is appropriate. The outcome of the 2020 election remained uncertain though polls… Continue reading Internal memo from Bill Ford offers reassurance, ‘no matter who is running the country’
Toyota president: Tesla has ‘not created a real business in the real world yet’
The logo of Toyota Motor is displayed at a company’s car showroom in Tokyo on February 6, 2019. Kazuhiro Nogi | AFP | Getty Images During a Toyota Motors earnings call on Friday, executives answered questions about how they plan to compete in the expanding field of electric vehicles, and took a potshot at Tesla’s… Continue reading Toyota president: Tesla has ‘not created a real business in the real world yet’
November 4, 2020 Chino City and Via announce partnership to launch the City’s first on-demand public transit service Chino City will use tec…
November 4, 2020 Chino City and Via announce partnership to launch the City’s first on-demand public transit service Chino City will use technology from Via to expand access to public transit November 5, 2020 (CHINO CITY, Japan)– Chino City, with support from Mayor Imai-san, and Via, the leading TransitTech provider for public mobility solutions, are… Continue reading November 4, 2020 Chino City and Via announce partnership to launch the City’s first on-demand public transit service Chino City will use tec…
Ferrari, the new hypercar the heir of La Ferrari
Under the hood there will certainly be a hybrid engine. Will it be an electrified V12? That Ferrari is testing a new hypercar that is due to debut in 2020 is certain since the development had already been confirmed a year ago by Enrico Galliera, Chief Marketing Officer of the Maranello-based brand. The camouflaged body… Continue reading Ferrari, the new hypercar the heir of La Ferrari
Ford introduces the electric Transit on 12 November
Not just the F-150 and the Mach-E. Ford is about to launch the E-Transit, that is, the battery-powered version of the commercial in van, chassis and cabin van configurations. It is unveiled 12 November and will go on the market, starting with the North American one in 2021. Subsequently, it is also expected in Europe,… Continue reading Ford introduces the electric Transit on 12 November
German FAZ: Gilded November000476
Gerald Kink wants to make one thing clear right away: “That really helps us,” says the hotelier and restaurateur from Wiesbaden. “We accept this money very gratefully,” assures the entrepreneur who runs the Hotel Oranien in the Hessian state capital, a long-established family business with 80 rooms and 36 employees. Ralph Bollmann Correspondent for economic… Continue reading German FAZ: Gilded November000476
China Tech Digest: NIO’s Marcap Bigger Than Baidu’s; Li Auto Issues Recalls
NIO becomes becomes one of world’s top 10 car makers by marcap China’s new energy vehicle sector saw their US listed shares rose collectively. Among them, NIO closed at US$42.35, up 12.30%, and its market value reached US$57.688 billion, a record high. This market value also exceeds that of traditional car giants such as BMW,… Continue reading China Tech Digest: NIO’s Marcap Bigger Than Baidu’s; Li Auto Issues Recalls