Former champions McLaren left the Abu Dhabi Formula One finale celebrating their best championship finish since their time as grand prix winners, but team boss Zak Brown isn’t expecting any miracles to speed up their climb back into the sport’s elite.Red Bull, once place ahead in third, scored nearly triple the Woking-based team’s total, ending the year with 417 points.Despite being among the most improved teams this year, Brown expects 2020 to be more a case of incremental progress than big leaps.
Category: Automotive
Ride-hailing firm Tada parent MVL raises $5m in expansion push
Mobility ecosystem MVL, the company behind ride-hailing firm Tada, has raised $5 million in its Series A funding round that will fuel the development of its mobility ecosystem and expansion of its existing markets. In an announcement, the Singapore-based firm said the funding round was led by South Korean venture capital firm SV Investment. Two… Continue reading Ride-hailing firm Tada parent MVL raises $5m in expansion push
Daimler cost cuts to hit Germany hardest – Stuttgarter Zeitung
FILE PHOTO: A diesel engine is pictured at the Daimler annual shareholder meeting in Berlin, Germany, May 22, 2019. REUTERS/Hannibal Hanschke FRANKFURT (Reuters) – Daimler’s (DAIGn.DE) workforce in Germany will bear the brunt of 1.4 billion euros ($1.5 billion) in cost cuts planned by the end of 2022, the head of the carmaker’s works council… Continue reading Daimler cost cuts to hit Germany hardest – Stuttgarter Zeitung
Mercedes-Benz Mobility Korea introduces long-term rental program
Daimler Mobility — a subsidiary of Daimler Group, which owns Mercedes-Benz — officially kicked off operations in South Korea on Tuesday, offering a long-term car rental program.Mercedes-Benz Mobility Korea is the first of its kind globally and the fourth entity of the Daimler Group to launch operations in Korea.Mercedes-Benz Mobility Korea CEO Guillaume Fritz speaks during a press conference at Mercedes-Benz Korea’s EQ Pavilion in Seoul, Tuesday.
Volvo Cars gets licenses for connected cars technology from Avanci
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Taiwan’s Ahamani Group inks JV with Renon India to make battery packs
Taiwan-based Ahamani EV Tech has inked a joint-venture with Gujarat-based battery maker, Renon India to produce automobile battery packs for both the domestic and international market. This is Ahamani Group’s second venture in India. Earlier, in June 2019, UrDa Mobility, backed by the Ahamani Group had announced plans for 100,000 e-scooters in the country. The new… Continue reading Taiwan’s Ahamani Group inks JV with Renon India to make battery packs
@Hyundai: Breaking the Rules of Tradeoff between Strength and Lightweight
(From left) Sang-won Im Researcher, Sang-jae Yun Senior Researcher, Chi-hun Choi Research Fellow, Sang-yun Park / Yong-bum Lee Senior Researcher Making something lighter is a never ending quest. If a vehicle is lighter, it exerts fewer loads on the engine which in turn contributes to improved fuel efficiency, less CO2 emissions and pollutants. Weight reduction… Continue reading @Hyundai: Breaking the Rules of Tradeoff between Strength and Lightweight
@Hyundai: November 2019 Sales Results
HYUNDAI MOTOR COMPANY (HMC) Corporate Disclosure to Korea Exchange Disclosure Title : November 2019 Sales Results 1. Sales Results: *Monthly sales Category (units) November 2019 October 2019 MoM % Change November 2018 YoY % Change Sales Unit Domestic 63,160 64,912 -2.7 64,131 -1.5 Overseas 329,087 337,800 -2.6… Continue reading @Hyundai: November 2019 Sales Results
Efacec to supply 95 charging stations to German state
Portuguese charging station manufacturer Efacec will supply 95 of its QC45 fast charging stations to the German state of Baden-Württemberg. The German government will invest €1.5 million ($1.65 million) in the project. The first of the charging stations has been installed in the town of Bad Urach. The QC45 has an output of 50 kW… Continue reading Efacec to supply 95 charging stations to German state
Ford CEO Jim Hackett’s remedy for sticker shock – Automotive News
DETROIT — Cryptic. Enigmatic. Man of mumbo-jumbo. A lot of what’s written about Ford CEO Jim Hackett, now in his role for 30 months, is as much about the challenge of understanding him as what he says. But one thought stood out at the tail end of an interview on the 12th floor of Ford… Continue reading Ford CEO Jim Hackett’s remedy for sticker shock – Automotive News