Category: Automotive

Aston Martin Seeks $6.8 Billion Value in Potential IPO

Aston Martin is targeting a valuation of as much as 5 billion pounds ($6.8 billion) in a potential initial public offering of the British sports car maker, according to people familiar with the matter. The manufacturer has held preliminary talks with advisers about a valuation including debt that would put it on par with Ferrari NV,… Continue reading Aston Martin Seeks $6.8 Billion Value in Potential IPO

Panasonic Develops Scalable “ePowertrain” Platform for Small EVs–Looking ahead to the Coming Mobility Society

LAS VEGAS, Jan. 8, 2018 /PRNewswire/ — Panasonic Corporation announced today that it has developed a scalable “ePowertrain” platform, a solution for the effective development of small electric vehicles (EVs). The platform is a systematized application of devices used in the EVs of major global carmakers, and is intended to contribute to the advancement of the… Continue reading Panasonic Develops Scalable “ePowertrain” Platform for Small EVs–Looking ahead to the Coming Mobility Society

Panasonic Automotive Partners with Titans in the Technology and Automotive Industries to Transform the Future Driving Experience at the 2018 Consumer Electronics Show (CES)

LAS VEGAS, Jan. 8, 2018 /PRNewswire/ — Panasonic Automotive Systems Company of America, a division of Panasonic Corporation of North America, today announced it has aligned with Google to debut groundbreaking Next Generation IVX systems that transform the consumer experience, both inside and outside of the vehicle, and deliver new design flexibility and freedom to automakers.… Continue reading Panasonic Automotive Partners with Titans in the Technology and Automotive Industries to Transform the Future Driving Experience at the 2018 Consumer Electronics Show (CES)

Aptiv and Lyft’s self-driving BMWs are picking up CES passengers

[embedded content] Self-driving and connected car tech company Aptiv (formerly Delphi) is back at CES again in 2018, and this time it’s partnering with Lyft to demonstrate its latest developments in self-driving technology. The Aptiv and Lyft team-up brings a fleet of 8 autonomous test cars to Las Vegas, which attendees at the show can… Continue reading Aptiv and Lyft’s self-driving BMWs are picking up CES passengers

Uber hires Tesla’s lead battery expert to help power its ‘flying car’ service

Celina Mikolajczak, a senior manager for battery pack development at Tesla, has been hired by Uber to help the ride-hail company’s “flying car” project get off the ground. It’s an important hire because it signals that Uber plans to get more involved in the engineering aspects of this outlandish-sounding project. For six years, Mikolajczak served… Continue reading Uber hires Tesla’s lead battery expert to help power its ‘flying car’ service

Ford GoBikes are going electric in San Francisco

Motivate, the company behind the San Francisco Yay (Bay) Area’s bike-share system, is adding pedal-assist e-bikes to its fleets this April. The one-year pilot will launch with 250 of these e-bikes in San Francisco, the company announced today. The bikes, created by startup GenZe, are designed to assist riders as they’re pedaling, therefore reducing the… Continue reading Ford GoBikes are going electric in San Francisco

FAW-VW sells over 2m cars in 2017

CHANGCHUN – The Sino-German auto joint venture FAW-Volkswagen (FAW-VW) saw its sales volume exceeding 2 million in 2017, up by 5 percent year-on-year, the company said Friday. According to the company, based in Changchun of Northeast China’s Jilin province, it sold over 1.405 million Volkswagen cars and 595,288 Audi cars, registering an annual growth of… Continue reading FAW-VW sells over 2m cars in 2017

GAC Honda to buy out other Honda China stakeholders

Visitors look at a Honda CR-V at an auto show in Dongguan, Guangdong province. [Photo provided to China Daily] Joint venture GAC Honda Automobile is moving to take over Honda Automobile (China), enhancing its productivity with the additional capacity of the Japanese brand’s currently plant in Guangzhou, Guangdong province. GAC Group has approved a deal to… Continue reading GAC Honda to buy out other Honda China stakeholders

Vauxhall cuts further 250 jobs at Ellesmere Port factory

Vauxhall is to cut a further 250 jobs at its plant in Cheshire as it slashes production of the Astra. The carmaker, sold to Peugeot owner PSA by General Motors last year, said the losses would be on top of 400 redundancies announced in October as it moves to a single daily manufacturing shift from… Continue reading Vauxhall cuts further 250 jobs at Ellesmere Port factory