PHOENIX, July 22, 2020 /PRNewswire/ — Nikola Corporation (Nasdaq: NKLA; NKLAW) (“Nikola” or the “Company”), today announced that the Company will redeem all of its outstanding warrants (the “Public Warrants”) to purchase shares of the Company’s common stock, $0.0001 par value per share (the “Common Stock”), that were issued under the Warrant Agreement, dated as… Continue reading Nikola Announces Redemption of Public Warrants
Category: Automotive
@Daimler: Organisational unit pushes transformation: Mercedes-Benz AG creates a new unit for its drive system competences:
Stuttgart. With its broad portfolio of attractive premium vehicles, Mercedes-Benz has always also stood for innovation, especially in the field of drive systems. The research, development and production of these drive systems are core competencies of Mercedes-Benz AG. In the course of the transformation towards CO2-neutral mobility and digitalisation, the company is now taking another… Continue reading @Daimler: Organisational unit pushes transformation: Mercedes-Benz AG creates a new unit for its drive system competences:
China’s Didi Chuxing launches standalone ride-hailing service
China’s Didi Chuxing said on Wednesday it has launched a new standalone ride–hailing service that targets younger customers and offers cheaper rides compared to its main app. Didi, China’s biggest ride–hailing company and backed by Japan’s SoftBank, said in a statement the new service is named “Huaxiaozhu” and that it has already been launched in some cities in China’s southwestern province of Guizhou and the eastern province of Shandong. The new service is… Continue reading China’s Didi Chuxing launches standalone ride-hailing service
Volkswagen: Weak sales of Golf and Passat – the next VW board member is leaving
Jürgen Stackmann The environment appreciates the sales director for his straightforwardness. (Photo: Friso Gentsch / Volkswagen AG) Frankfurt Jürgen Stackmann does not suffer from a lack of confidence. Still remembered on Tuesday Volkswagen-Manager in a post on the LinkedIn job portal to the diesel scandalwho had shaken the car maker five years ago. “What appeared… Continue reading Volkswagen: Weak sales of Golf and Passat – the next VW board member is leaving
@Geely: Kandi Affiliate Fengsheng Announces Subsidy Approval for new Maple 60X
JINHUA, CHINA, July 22, 2020 (GLOBE NEWSWIRE) — Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), today announced that the Maple 60V all-electric MPV (Multi-purpose Vehicle) produced by its affiliate company Fengsheng Automotive (the “Affiliate Company” or “Fengsheng”) was approved for purchase subsidies by China’s Ministry of Industry and Information Technology… Continue reading @Geely: Kandi Affiliate Fengsheng Announces Subsidy Approval for new Maple 60X
Mitsubishi Motors To Launch Lineup Of New Vehicles
Between now and the end of the second quarter of 2021, Mitsubishi Motors North America, Inc. (MMNA) will launch three considerably revised vehicles and one all-new, ground-up redesign, proof of the company’s commitment to deliver high quality, top value, leading-edge technology vehicles in the U.S. In addition, standard features and added value across the entire… Continue reading Mitsubishi Motors To Launch Lineup Of New Vehicles
Swoop Snags $3.2M to Build SaaS for Local Transportation Businesses
LOS ANGELES, July 22, 2020 /PRNewswire/ — Annually, there are over 400M people in the US that rely on chauffeured group transportation services, spending more than $40B on it. However, vehicle utilization for these mostly small local operators is currently at 4.9%. On top of that, customers often end up frustrated by analog booking processes, broken… Continue reading Swoop Snags $3.2M to Build SaaS for Local Transportation Businesses
Roundtrip Raises $4M in Strategic Funding
Roundtrip, a Philadelphia, PA-based digital transportation marketplace for health outcomes, completed a $4m funding round. This brought the total amount of financing raised to date to $10.5m. The round was led by Motley Fool Ventures with participation from ZOLL® Medical Corporation, UH Ventures, and Grays Ferry Capital, which joined Johns Hopkins University and Ben Franklin… Continue reading Roundtrip Raises $4M in Strategic Funding
@BMW: BMW Group Plant Munich gears up for fully-electric future
Munich. In preparation for production of the fully-electric BMW i4, BMW Group Plant Munich will pause vehicle production for six weeks this summer. No cars will be produced between the end of the late shift on 23 July and the start of the early shift on 7 September. Plant Munich will take advantage of this… Continue reading @BMW: BMW Group Plant Munich gears up for fully-electric future
UK gives Ford £500m in loan guarantees to support exports
Ford Move comes before Bridgend plant is shut by US carmaker but ‘safeguards jobs’ elsewhere Engines made at Ford’s plant in Dagenham are shipped to its factory in Turkey, where they are put in Transit vans, many of which are then sold back to UK customers. Photograph: Ford/PA The UK government has given Ford £500m… Continue reading UK gives Ford £500m in loan guarantees to support exports