Category: Automotive

Locus Robotics Announces $40 Million Series D Investment

WILMINGTON, Mass., June 2, 2020 /PRNewswire/ — Locus Robotics, the market leader in autonomous mobile robots (AMR) for fulfillment warehouses, announced that it raised more than $40 million in Series D funding led by Zebra Ventures, the strategic investment arm of Zebra Technologies. Existing investors, including Scale Venture Partners, also participated in the round. The Series… Continue reading Locus Robotics Announces $40 Million Series D Investment

Volkswagen to install Porsche’s CEO as VW brand chief: Auto Motor and Sport

Porsche AG CEO Oliver Blume and German Chancellor Angela Merkel speak next to Porsche Taycan Turbo S at the international Frankfurt Motor Show IAA in Frankfurt, Germany September 12, 2019. REUTERS/Ralph Orlowski FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) Chief Executive (CEO) Herbert Diess will promote Porsche CEO Oliver Blume to become head of the VW brand… Continue reading Volkswagen to install Porsche’s CEO as VW brand chief: Auto Motor and Sport

Renault cuts 15,000 jobs in major restructuring

Renault is cutting 15,000 jobs worldwide as part of a €2bn (£1.8bn) cost-cutting plan after seeing sales plunge because of the virus pandemic. “This plan is essential,” said interim boss Clotilde Delbos, who announced a bigger focus on electric cars and vans. Some 4,600 jobs will go in France, and Renault has said six plants… Continue reading Renault cuts 15,000 jobs in major restructuring

@Daimler: Dr. Wolfgang Bartels to become new Chief Compliance Officer at Daimler

Compliance department at Daimler under new leadership as of July 1 Olaf Schick, until now head of Compliance, to become Chief Financial Officer of Daimler Greater China Dr. Wolfgang Bartels is to become the new Chief Compliance Officer at Daimler on July 1, 2020 and will thus also be the Head of the Compliance department.… Continue reading @Daimler: Dr. Wolfgang Bartels to become new Chief Compliance Officer at Daimler

@Renault: LADA sales results in May 2020

LADA summed up its sales results in May 2020, which was the second month of operation under the imposed epidemiological restrictions. In May, 16,663 passenger and light commercial vehicles were sold (including the Niva model – 1,083 units), which is 65.7% more than in April 2020. In the first place – LADA Granta (5,726 cars… Continue reading @Renault: LADA sales results in May 2020

Essex car showroom busy as dealerships reopen in England

Sajul Islam has had his eye on a new seven-seater Volkswagen Tiguan Allspace throughout the coronavirus lockdown, and he took his chance on Monday as car dealerships across England opened their doors for the first time in more than 2 months. “I’ve been waiting for weeks for this showroom to open up again,” Islam said,… Continue reading Essex car showroom busy as dealerships reopen in England

Car maker: puzzles about rapid price increase at Daimler

Daimler shines again The share of the car group is on the upswing. (Photo: AP) Beijing, Munich The automaker’s share Daimler is currently in high demandt. Since mid-May, paper has skyrocketed by more than 30 percent. On Tuesday alone, the increase was now almost nine percent. There is a lot of speculation in the market… Continue reading Car maker: puzzles about rapid price increase at Daimler

REFILE-Ride-hailing service Wheely risks Moscow ban in dispute over geolocation data

(Refiles June 1 story to make clear throughout that Wheely provides ride-hailing services) By Nadezhda Tsydenova and Gleb Stolyarov MOSCOW, June 1 (Reuters) – London-based ride-hailing service Wheely risks being banned in Moscow after it said it refuses to share vehicle geolocation data with the authorities, citing passenger privacy rights. Popular among wealthy Muscovites, Wheely… Continue reading REFILE-Ride-hailing service Wheely risks Moscow ban in dispute over geolocation data

UPDATE 1-China auto sales growth seen for 2nd straight month, boosting recovery hopes

Newly manufactured cars are seen at a port in Dalian, Liaoning province, China April 10, 2020. China Daily via REUTERS BEIJING (Reuters) – China’s vehicle sales are estimated to rise 11.7% on year in May, its top auto industry body said on Tuesday, cementing hopes of a recovery in the world’s biggest auto market with… Continue reading UPDATE 1-China auto sales growth seen for 2nd straight month, boosting recovery hopes