Automotive – Page 49083 – I wish I had more to offer

Hong Kong shares flat as investors eye trade spat and Fed meeting

HONG KONG (Nikkei Markets) — Hong Kong shares were little changed on Tuesday as investors watched a slew of external risk events, including central bank policy meetings and a Sino-American tariff deadline. The Hang Seng Index edged 0.1% lower to 26,471.58 by noon. Shenzhou International Group declined 2.9%, contributing most to the gauge’s losses by… Continue reading Hong Kong shares flat as investors eye trade spat and Fed meeting

From Disney to Big Macs, Japan’s prices are frozen in time

TOKYO — Long labeled expensive, Japan is now drawing attention for its low prices. Take Tokyo Disney, which has become a popular tourist destination in part because of its relative cheapness. One adult single-park ticket for same-day entry cost the equivalent of $69 on Oct. 31 — barely more than half the $129 price tag at Disneyland… Continue reading From Disney to Big Macs, Japan’s prices are frozen in time

Observe.AI Raises $26M in Series A Funding

Observe.AI, a San Francisco, CA-based provider of an AI-powered agent enablement platform for voice customer service, raised $26m in Series A financing. The round, which brought total funding to $34m, was led by Scale Venture Partners, with participation from Nexus Venture Partners, Steadview Capital, 01 Advisors, and Emergent Ventures. In conjunction with the funding, Andy… Continue reading Observe.AI Raises $26M in Series A Funding

Japan regulators recommend $22 million fine on Nissan

Japanese securities regulators are recommending that automaker Nissan be fined 2.4 billion yen ($22 million) over the under-reporting of compensation of its former chairman, Carlos Ghosn.Nissan Motor Co. said it accepted the penalty and had corrected its securities documents in May, although its final decision will come after it receives official notice.Nissan was charged earlier with under-reporting Ghosn’s compensation.

Ark Invest’s Cathie Wood Talks Tesla Cybertruck

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Published on December 10th, 2019 |

by Johnna Crider

Ark Invest’s Cathie Wood Talks Tesla Cybertruck

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December 10th, 2019 by Johnna Crider

Cathie Wood, founder of Ark Invest, yesterday sat down with CNBC’s SqawkTalk to talk about the Tesla Cybertruck. Tesla, which is the top holding in several of Ark’s funds, has Elon Musk as its CEO, and it’s natural the anchor wanted to know about what Wood’s thoughts were on the Cybertruck, as well as on other matters such as the defamation trial where Elon was found not guilty.

Cathie Wood dives right into her thoughts on the Cybertruck. She says that she has looked at it from many different angles and that it far surpasses other trucks. When it comes to comparing the Cybertruck to the Ford F-150, Cathie says, “There’s just no comparison.” The anchor asked what I thought was a good question: “Do you think it is for people who would have bought a brand new Ford F-150 or is this a brand new market?”

Cathie Wood explains that Ark Invest performed a Google Trends analysis about the excitement of the Tesla Cybertruck compared to the early days of the Model 3 and what Ark has seen is that the excitement is in the areas you would want it to be — in the Midwest and rural areas. Cathie also says that she thinks that the Cybertruck will be a significant competitor to the Ford F-150. Further, other electric vehicle makers will have to sell their vehicles either at a loss or a higher price since Tesla is able to produce its own batteries and is lowering its overall cost in making electric vehicles.

When it comes to the geographic areas where people were the most excited about the Cybertruck, this is a good thing for Tesla. The Midwest and rural areas often have a much higher number of pickup drivers, and seeing these areas get excited about Tesla’s Cybertruck tell us that, like the rest of the auto industry, Tesla will be a game changer for the pickup industry.
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About the Author

Johnna Crider Johnna Crider is a Baton Rouge artist, gem and mineral collector, and Tesla shareholder who believes in Elon Musk and Tesla. Elon Musk advised her in 2018 to “Believe in Good.”

Tesla is one of many good things to believe in. You can find Johnna on Twitter

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Avis Honored at World Travel Awards

The 26th annual World Travel Awards is globally recognized as a highly prestigious honours program in global travel and tourism. Photo courtesy of Travelarz/Wikimedia. Avis has been named the world’s leading car rental company for the second year in a row at the World Travel Awards 2019 Grand Final. The award was announced at an awards ceremony in… Continue reading Avis Honored at World Travel Awards

Avis Offers Verizon, Edison Tablets to Travelers

he tablets feature a suite of services and content from Verizon Media properties, serving as a digital assistant that can be brought from the vehicle to the hotel or the board room. Photo via Depositphotos. Avis Budget Group, in partnership with Verizon and Edison Interactive, today announced the launch of a new all-in-one digital travel… Continue reading Avis Offers Verizon, Edison Tablets to Travelers

@Ford: Mass Navigation: How Ford Is Exploring the Quantum World with Microsoft to Help Reduce Congestion

By Dr. Ken Washington, Chief Technology Officer, Ford Motor Company Our connected world has helped billions of people improve their lives in numerous ways such as offering instant access to information, enhancing health care, providing new ways to watch movies or experience music, and equipping our homes with smart speakers. Yet with all these advancements, many… Continue reading @Ford: Mass Navigation: How Ford Is Exploring the Quantum World with Microsoft to Help Reduce Congestion

Wheels deploys helmet-equipped e-bikes

On the heels of a $50 million funding round in October, Wheels is launching its “smart” helmet system for its pedal-less e-bikes. The helmet, which locks into the rear fender of the bike, features sensors designed to know when a rider is using it. In order to incentivize people to wear the helmets, Wheels will… Continue reading Wheels deploys helmet-equipped e-bikes

Walmart partners with self-driving startup Nuro to test autonomous grocery delivery in Houston

Walmart this morning announced a new pilot program that will test autonomous grocery delivery in the Houston market starting next year. The retailer is partnering with autonomous vehicle company Nuro, a robotics company that uses driverless technology to deliver goods to customers. Nuro’s vehicles in this case will delivery Walmart online grocery orders to a… Continue reading Walmart partners with self-driving startup Nuro to test autonomous grocery delivery in Houston