Category: Automotive

Uber CEO: CEOs are paid too much (UBER)

Uber CEO Dara Khosrowshahi thinks his fellow C-suiters are overpaid, he told The New York Times.  He made around $12 million in 2020 and more than $42 million in 2019, when you include stock bonuses.  CEO pay rose sharply in 2020, with several executives raking in paydays in excess of $100 million. See more stories… Continue reading Uber CEO: CEOs are paid too much (UBER)

Uber’s CEO says he ‘nearly got killed’ while delivering for UberEats on bike in San Francisco (UBER)

Uber’s CEO delivered food for UberEats, and he told The New York Times he “nearly got killed.” Dara Khosrowshahi said “traffic was nuts” as he rode his bike near a baseball park in San Francisco. He said he spent time delivering food in late June and made about 0.3% of his daily salary. See more… Continue reading Uber’s CEO says he ‘nearly got killed’ while delivering for UberEats on bike in San Francisco (UBER)

Hyzon Motors Completes Business Combination with Decarbonization Plus Acquisition Corporation

ROCHESTER, N.Y., July 16, 2021 /PRNewswire/ — Hyzon Motors Inc. (f/k/a Decarbonization Plus Acquisition Corporation), a leading global supplier of zero-emission hydrogen fuel cell-powered heavy vehicles, today announced that it has completed its previously announced business combination with Hyzon Motors USA Inc. (f/k/a Hyzon Motors Inc.). Concurrent with the completion of the business combination, Decarbonization Plus… Continue reading Hyzon Motors Completes Business Combination with Decarbonization Plus Acquisition Corporation

Rivian delays production start to September, cites chip shortage

Rivian Automotive Inc., the electric pickup maker backed by Amazon.com Inc., is pushing back plans to start production of its debut vehicle, which was supposed to begin this month, until September. The startup also shifted the timeline for its second planned model, an electric sports-utility vehicle, from August until an unspecified time in the fall,… Continue reading Rivian delays production start to September, cites chip shortage

@VW Group: Lamborghini sales: the best half-year ever. Orders taken for the next ten months003483

Sant’Agata Bolognese, July 16, 2021 – The first half of 2021 makes Lamborghini history, as global sales from January to June reached record levels. The House of Sant’Agata Bolognese delivered 4,852 cars in the first six months, making it the best half-year ever, with a 37% increase over the same period of 2020 and a… Continue reading @VW Group: Lamborghini sales: the best half-year ever. Orders taken for the next ten months003483

@VW Group: Audi Hungaria: new investment projects in Technical Development003484

Forward-thinking investment: in the two years ahead, Audi Hungaria will be spending a double-digit EUR million amount (billions of HUF) on the Technical Development unit in Győr. The investment project focuses on the commissioning of an electric test bench for developing and enhancing electric engines and electric drives, as well as on the existing testing… Continue reading @VW Group: Audi Hungaria: new investment projects in Technical Development003484