Category: Automotive

@GM: General Motors and LG Chem Team Up to Advance Toward an All-Electric Future, Add Jobs in Ohio DETROIT , Dec. 5, 2019 /PRNewswire/ — Will create mo…

DETROIT, Dec. 5, 2019 /PRNewswire/ — Will create more than 1,100 new jobs in a new, Ohio-based facility Joint venture to drive cost per kilowatt hours to industry-leading levels New battery plant to have an annual capacity of more than 30 gigawatt hours with flexibility for expansion Companies enter joint agreement to develop advanced tech,… Continue reading @GM: General Motors and LG Chem Team Up to Advance Toward an All-Electric Future, Add Jobs in Ohio DETROIT , Dec. 5, 2019 /PRNewswire/ — Will create mo…

@Hyundai: Hyundai Motor Unveils ‘Strategy 2025’ Roadmap

Hyundai to transition into Smart Mobility Solution Provider by 2025 with two pillars Smart Mobility Device will expand beyond automobiles to include Personal Air Vehicle (PAV), robotics, last-mile mobility Smart Mobility Service will offer personalized services and contents on integrated platform Hyundai announces a set of strategic goals achieve balanced and steady growth boost profitability… Continue reading @Hyundai: Hyundai Motor Unveils ‘Strategy 2025’ Roadmap

Waymo robotaxi app arrives on the App Store

Hailing one of Waymo’s self-driving minivans is about to get a little easier. One year after launching its Waymo One self-driving car service in the Phoenix area, the company is launching an app on iOS, the latest signal that the company is inching toward large-scale commercial service. Now, Phoenix residents can download the Waymo app… Continue reading Waymo robotaxi app arrives on the App Store

Einride to launch commercial pilot of driverless electric pods with Coca-Cola European Partners

Autonomous robotic road-riding cargo pod startup Einride has signed a new partner for a commercial pilot on Sweden’s roads, which should be a great test of the company’s electric driverless transportation pods. Einride will be providing service for Coca-Cola European Partners, which is the official authorized bottler, distributor, sales and marketing company for Coca-Cola branded… Continue reading Einride to launch commercial pilot of driverless electric pods with Coca-Cola European Partners

A look at Latin America’s emerging fintech trends

Thiago Paiva Contributor Thiago is a fintech entrepreneur, investor, and columnist. He is currently a product leader at Oyster, a neobank for SMEs in Latin America. More posts by this contributor The battle to become the Mexican Nubank just started The emergence of super apps in Latin America Although the 2008 global financial crisis sparked… Continue reading A look at Latin America’s emerging fintech trends

FDA Rejects Enzyvant’s Regenerative Therapy for Rare Immune Disorder

December 5th, 2019 Xconomy Boston —  [Corrected 12:27 p.m. See below.] The FDA has rejected an experimental regenerative therapy that Enzyvant developed to restore immune system function in babies born with a rare disorder. The agency cited manufacturing issues, according to the company. Enzyvant received the notification, formally known as a complete response letter, on… Continue reading FDA Rejects Enzyvant’s Regenerative Therapy for Rare Immune Disorder

LG Chem and GM to invest $2+B for Ohio battery factory, Cadillac EV on tap

In July it was announced that LG Chem was working on a potential new billion-dollar US battery cell factory for electric cars. Today in a security filing in South Korea, LG Chem confirmed that investment, and that GM will invest another billion. Reuters reports that the location is expected to be in the area of… Continue reading LG Chem and GM to invest $2+B for Ohio battery factory, Cadillac EV on tap

Retail Therapy: Smart Carts Roll Out to Assist Shoppers and Avoid Checkouts

York Yang is a hardcore millennial: He doesn’t wait for restaurants or mass transit — he orders on-demand meals and wheels. And when it comes to grocery checkouts, he takes matters into his own hands. Yang and three co-founders started Caper, a maker of automated shopping carts, to solve their generation’s distaste for waiting in… Continue reading Retail Therapy: Smart Carts Roll Out to Assist Shoppers and Avoid Checkouts

Nissan orders two-day furlough for U.S. workers to cut costs

Gabrielle Coppola, Bloomberg Published 12:05 p.m. ET Dec. 5, 2019 | Updated 12:09 p.m. ET Dec. 5, 2019 Nissan Motor Co. ordered a furlough of employees for two days at the beginning of January, the latest cost-cutting move as U.S. sales continue to slide. Nissan North America is closing U.S. offices on Jan. 2 and… Continue reading Nissan orders two-day furlough for U.S. workers to cut costs