Category: Automotive

Ford draws 322,000 cars in Europe at risk of battery fire

SAFETY 25 September 2019 1 ‘of reading Ford draws about 322,000 cars in Europe whose batteries could ignite due to acid leaks. The recall concerns Mondeo, SMax and Galaxy built between February 2014 and February 2019. Ford has stated that the loss of acid from the battery around the negative pole could cause failure of… Continue reading Ford draws 322,000 cars in Europe at risk of battery fire

Nio raising more cash amid cost-cutting campaign

BEIJING (Reuters) – Nio Inc, one of China’s high-profile electric car startups, disclosed a fresh money-raising push this week, saying it had issued $200 million worth of bonds and was accelerating cost-cutting programs to slow cash burn as the company seeks to attract more investors in a slumping market. FILE PHOTO: Chinese electric vehicle start-up… Continue reading Nio raising more cash amid cost-cutting campaign

Nio aims to control cash burn with smaller showrooms, leaner staff

BEIJING (Reuters) – China’s loss-making Tesla wannabe Nio Inc will expand its sales network with smaller showrooms, slash its workforce and spin off some business units, company executives said on Wednesday, in a move to control massive cash burn amid slowing electric vehicle sales in the world’s largest auto market. Chinese electric vehicle start-up Nio… Continue reading Nio aims to control cash burn with smaller showrooms, leaner staff

Tesla owners start seeing a data usage counter with a 50GB cap

Sponsored Links Roberto Baldwin/Engadget Tesla last year started splitting data into standard and premium tiers, but it’s now hinting that it might watch how much data you’re using, too. Some owners have noticed a data use counter showing up on their cars with a seeming 50GB cap. It’s not yet clear what this cap is… Continue reading Tesla owners start seeing a data usage counter with a 50GB cap

MaxAB raises $6M seed round to optimize Egypt’s B2B grocery markets

Cairo based startup MaxAB looks to optimize the supply-chain network for Egypt’s food and grocery retailers. The B2B e-commerce company raised a $6.2 million seed-investment co-led by Beco Capital and 4DX Ventures. Others co-leaders included 500 Startups, Endure Capital, and Outlierz Ventures. Founded in 2018, MaxAB has built a digital platform to manage procurement and… Continue reading MaxAB raises $6M seed round to optimize Egypt’s B2B grocery markets

VW board, workers support top managers despite indictment

HAMBURG (Reuters) – Volkswagen’s (VOWG_p.DE) supervisory board and workers on Wednesday gave their backing to the carmaker’s top managers a day after German prosecutors pressed charges related to the diesel emissions scandal. FILE PHOTO: Hans Dieter Poetsch, Chairman of the Volkswagen’s supervisory board, speaks during the Volkswagen Group’s annual general meeting in Berlin, Germany, May… Continue reading VW board, workers support top managers despite indictment

Taycan Roadtrip Europe

Day Eight Day Eight of Taycan Roadtrip Europe has seen the 12 Porsche Taycan electric sports cars show their all-weather credentials, as media from the Netherlands, Spain and Italy drove them in torrential rain the 424 km from Amsterdam to Mons. With all-wheel drive and a state-of-the-art suite of safety systems, the Taycan Turbo and… Continue reading Taycan Roadtrip Europe

Exclusive: GM and UAW union making progress in talks for new labor deal – sources

DETROIT (Reuters) – General Motors Co (GM.N) and the union that represents its 48,000 striking hourly workers in the United States have made progress in talks toward a new deal but are grappling with the pay and job security of newer and temporary workers, two people familiar with the talks said on Wednesday. FILE PHOTO:… Continue reading Exclusive: GM and UAW union making progress in talks for new labor deal – sources