Category: Automotive

July 8, 2020 ViaVan and EMT launch first on-demand public transport service in Madrid Smart Bus Madrid will provide efficient and free rides…

July 8, 2020 ViaVan and EMT launch first on-demand public transport service in Madrid Smart Bus Madrid will provide efficient and free rides to hospitals for residents and workers (MADRID)– In response to the COVID-19 pandemic, ViaVan, Europe’s leader in public mobility solutions, announces the launch of Madrid’s first on-demand public bus service for trips… Continue reading July 8, 2020 ViaVan and EMT launch first on-demand public transport service in Madrid Smart Bus Madrid will provide efficient and free rides…

Daimler wants to cut many more jobs

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NCLT approves Deccan Value Investors’ bid for Amtek Auto

The corporate insolvency resolution process of Amtek Auto was initiated on July 24, 2017 by the NCLT. The National Company Law Tribunal (NCLT) has approved a Rs 2,700-crore bid by Deccan Value Investors (DVI) for the debt-ridden Amtek Auto Ltd. The Chandigarh bench of the NCLT has approved the resolution plan by DVI for the… Continue reading NCLT approves Deccan Value Investors’ bid for Amtek Auto

Late bloomer Hyundai speeds past BYD in electric vehicle sales

SEOUL — Hyundai Motor, once a perennial also-ran in next-generation autos, has rapidly gained ground against rivals, surpassing Chinese peer BYD to take fourth place in the global electric vehicle market. The South Korean automaker held an 8% market share in the first quarter of this year, selling 24,000 vehicles, compared with BYD’s 6%, according… Continue reading Late bloomer Hyundai speeds past BYD in electric vehicle sales

Delphi Technologies PLC — Moody’s announces completion of a periodic review of ratings of Delphi Technologies PLC

Announcement of Periodic Review: Moody’s announces completion of a periodic review of ratings of Delphi Technologies PLC Global Credit Research – 10 Jul 2020 New York, July 10, 2020 — Moody’s Investors Service (“Moody’s”) has completed a periodic review of the ratings of Delphi Technologies PLC and other ratings that are associated with the same… Continue reading Delphi Technologies PLC — Moody’s announces completion of a periodic review of ratings of Delphi Technologies PLC

This VC just raised $150 million to invest in ground transportation startups. He says there are better opportunities than trying to find the next Tesla. (AAPL, LYFT, TSLA)

Quin Garcia’s venture firm, Autotech Ventures, is on the lookout for new deals. Autotech focuses on startups that are involved in ground transportation in some way, but instead of looking for the next Tesla, it invests in those making software or services or that are developing marketplaces. It’s already had some notable successes — it… Continue reading This VC just raised $150 million to invest in ground transportation startups. He says there are better opportunities than trying to find the next Tesla. (AAPL, LYFT, TSLA)

Chinese EV maker Li Auto files for U.S. listing

BEIJING (Reuters) – Chinese electric vehicle (EV) maker Li Auto Inc, backed by food delivery giant Meituan Dianping (3690.HK), has filed for a U.S. initial public offering. The move, announced on Friday, comes as share prices of EV makers including Tesla Inc (TSLA.O) and Nio Inc (NIO.N) have surged in recent months. Five-year-old Li Auto,… Continue reading Chinese EV maker Li Auto files for U.S. listing