Category: Automotive

Berlin’s Biggest EV Bus Charging Station: 30 Chargers, 3 MW Total

XCharge managed to break into the European market and receive noticeable orders for charging infrastructure. Chinese company XCharge boasted that, together with Stromnetz Berlin, it installed the largest DC charging station for electric buses in Berlin, Germany. The site used by Berliner Verkehrsbetriebe (BVG) company is equipped with 30 stalls, which in total can deliver… Continue reading Berlin’s Biggest EV Bus Charging Station: 30 Chargers, 3 MW Total

Introducing Uber ATG’s Self-Driving Safety & Responsibility Board

By: Chan Lieu, Sr. Safety Program Analyst Uber ATG is pleased to announce the creation of our Self-Driving Safety and Responsibility Advisory (SARA) Board. The SARA Board is an independent panel of safety experts charged with reviewing, advising, and suggesting changes to Uber ATG’s self-driving enterprise, including inputs on organizational goals and priorities. We believe… Continue reading Introducing Uber ATG’s Self-Driving Safety & Responsibility Board

Hyundai, Taavura forge partnership for future mobility

South Korean carmaker Hyundai Motor and Israeli mobility firm Taavura have forged a partnership to seek business opportunities in future mobility, the companies said Tuesday.The company plans to establish a Taavura Innovation Center this year to nurture Israeli budding enterprises and secure its innovative technology in smart mobility, transportation, logistics and energy.Sull Won-hee (left), executive vice president and head of Hyundai Motor’s Technology Innovation Center shakes hands with Shai Livnat, CEO of Taavura Group, at an MOU signing ceremony held in Ramla, Israel, on Monday.

GM expects to spend more on EVs than gas-powered cars in next five years: CEO

A views shows the entrance to the General Motors pickup and transmission plant in Silao, Mexico October 1, 2019. REUTERS/Sergio Maldonado DETROIT (Reuters) – General Motors Co (GM.N) expects to spend more on developing and selling electric vehicles (EVs) than gasoline-powered cars over the next five years, Chief Executive Mary Barra said on Tuesday. Barra… Continue reading GM expects to spend more on EVs than gas-powered cars in next five years: CEO

Volkswagen brings electric cars to Rwanda for ride-hailing service

KIGALI (Reuters) – Volkswagen (VOWG_p.DE) is importing a batch of electric powered Golf models into Rwanda for a local ride-hailing service, establishing a bridgehead in the country that it hopes to expand to other nations as it seeks to increase market share globally. A Volkswagen e-Golf electric car is seen charging during its launch for… Continue reading Volkswagen brings electric cars to Rwanda for ride-hailing service

Prophesee Raises $28M in Funding

Prophesee SA (formerly Chronocam), a Paris, France-based developer of an advanced neuromorphic vision system, closed a $28m funding round. The round, which brought total funding to date to $68m, was led by the European Investment Bank, with participation from existing investors such as iBionext, 360 Capital Partners, Robert Bosch Venture Capital and Supernova Invest, as… Continue reading Prophesee Raises $28M in Funding

UPDATE 4-GM earnings beat lifts shares but U.S. strike weighs on outlook

DETROIT (Reuters) – General Motors Co on Tuesday slashed its earnings forecast for 2019, saying that a 40-day U.S. labor strike by the United Auto Workers union that brought virtually all of its North American operations to a standstill would cost it around $3 billion in profits this year. FILE PHOTO: The GM logo is… Continue reading UPDATE 4-GM earnings beat lifts shares but U.S. strike weighs on outlook

Cummins Announces Third Quarter Results

COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) today reported results for the third quarter of 2019. Third quarter revenues of $5.8 billion decreased 3 percent from the same quarter in 2018. Lower demand for trucks and construction equipment drove the majority of the decline. Sales in North America were flat while international revenues decreased 8 percent.… Continue reading Cummins Announces Third Quarter Results