Category: Automotive

Sequoia India-backed Australian e-grocery startup Voly shuts down

Sydney-based e-grocery firm Voly will be shutting down “due to worsening macroeconomic conditions making it difficult to attract new funding”, its co-founder Thibault Henry announced in a LinkedIn post. Several e-grocery firms across the globe have shut down recently after being unable to raise further funding. While in the US, e-grocery firms like Gopuff, Fridge… Continue reading Sequoia India-backed Australian e-grocery startup Voly shuts down

Jaguar Land Rover to hire redundant Meta and Twitter staff

Jaguar Land Rover (JLR) plans to capitalise on mass lay-offs at Meta and Twitter as it accelerates its push to become a data-first company. JLR is offering “almost 800” vacancies across China, Hungary, India, Ireland, the UK and the US with hybrid working patterns for those displaced in the tech industry. The emphasis of hybrid working is… Continue reading Jaguar Land Rover to hire redundant Meta and Twitter staff

Formula 1 sets up academy to support growth of female drivers

Formula 1 has launched the F1 Academy, a female-only driver series to support the development of a new generation of young drivers and reach the “highest level in motorsport”.  Female drivers currently in karting and other junior categories will have the opportunity to work with professional teams to progress through the ranks and gain a… Continue reading Formula 1 sets up academy to support growth of female drivers

Close look at new Porsche Boxster EV ahead of 2025 launch

The electric successor to the wildly successful Porsche 718 Boxster has started testing on public roads, giving a first look at Stuttgart’s highly anticipated third EV model line.  The next-generation Porsche 718 Cayman and 718 Boxster are set to adopt a bespoke electric sports car platform designed to mimic the current combustion cars’ mid-engined characters and… Continue reading Close look at new Porsche Boxster EV ahead of 2025 launch

Autumn Statement confirms rising costs for electric fleets

Electric vehicle fleets are facing rising operating costs, as the Autumn Statement details £55 billion of tax and spending reforms over the next five financial years. Following industry lobbying, fleets received long-overdue confirmation of company car tax bands to April 2028. These are CO2-weighted percentages of the list price used to calculate a car’s taxable… Continue reading Autumn Statement confirms rising costs for electric fleets

Lear Acquires Industry 4.0 Specialist InTouch Automation

InTouch automates complex testing process in seating assembly SOUTHFIELD, Mich., Nov. 18, 2022 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced the strategic acquisition of InTouch Automation, a supplier of Industry 4.0 technologies and complex automated testing equipment critical in the production of automotive seats. Lear… Continue reading Lear Acquires Industry 4.0 Specialist InTouch Automation

Eaton Corporation plc (NYSE:ETN) insiders sold US$4.0m worth of stock suggesting impending weakness.

Over the past year, many Eaton Corporation plc (NYSE:ETN) insiders sold a significant stake in the company which may have piqued investors’ interest. When evaluating insider transactions, knowing whether insiders are buying versus if they selling is usually more beneficial, as the latter can be open to many interpretations. However, when multiple insiders sell stock… Continue reading Eaton Corporation plc (NYSE:ETN) insiders sold US$4.0m worth of stock suggesting impending weakness.

Eaton Achieves Mansfield Rule Certification: What This Means for the Future of Inclusion and Diversity

CLEVELAND, OH / ACCESSWIRE / November 17, 2022 / Intelligent power management company Eaton (NYSE:ETN) is excited to announce that it has been named a Mansfield 2.0 Certified Legal Department (MRLD) and achieved the MRLD Certification Plus designation. These achievements indicate that the company has met MRLD’s consideration requirement by considering at least 50% historically… Continue reading Eaton Achieves Mansfield Rule Certification: What This Means for the Future of Inclusion and Diversity