Category: Automotive

Already more than 10,000 registrations for the ID.3

Customers’ interest in the Volkswagen ID.3 significantly exceeded expectations. Expectations significantly exceeded: in some cases, IT systems cannot handle flood of customers Pre-booking for limited special edition started yesterday Already strong interest from customers on first day At a press event held yesterday in Berlin, Volkswagen launched pre-booking in Europe for the first model in… Continue reading Already more than 10,000 registrations for the ID.3

Peugeot signals openness to deals after JLR report

The logo of Tata Motors is pictured at at the 37th Bangkok International Motor Show in Bangkok, Thailand, March 22, 2016. REUTERS/Chaiwat Subprasom/File Photo LONDON/PARIS (Reuters) – PSA Group said on Thursday it was ready to consider potential tie-ups, after the French carmaker’s shares briefly rose on a report that it was in advanced talks… Continue reading Peugeot signals openness to deals after JLR report

Albemarle says new technology will boost Chilean lithium output by 30 percent

May 9 (Reuters) – Albemarle Corp said on Thursday it is moving forward on a project to boost Chilean lithium production by 30 percent without using more brine from the environmentally sensitive Salar de Atacama, the world’s driest desert. The company, the world’s largest producer of the white metal used to make electric vehicle batteries,… Continue reading Albemarle says new technology will boost Chilean lithium output by 30 percent

As Uber goes public, profitability will be the next challenge

As Uber goes public, profitability will be the next challenge

Uber is hitting the public markets on Friday and it's valuation could top $90 billion. The world's biggest ride-hailing business is debuting six weeks after smaller rival Lyft.
But Uber is far from making money. It reported an operating loss of $3 billion in 2018 after losing more than $4 billion the previous year. Still, not all investors are scared away from Uber's red ink. Some analysts predict it will eventually turn a profit.
Watch the video to learn how Uber spends money and what it will take for the business to become profitable.

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Hyundai Confirms 11 kW 3-Phase On-Board Charger For Kona Electric

Enhanced Hyundai Kona Electric coming to Europe in late 2019. Hyundai re-released the announcement about upcoming upgrades for the Hyundai Kona Electric, which first appeared for a while and then was deleted. The South Korean manufacturer says that the demand for Kona Electric exceeded its expectations (and production capacity too). The new model year 2020… Continue reading Hyundai Confirms 11 kW 3-Phase On-Board Charger For Kona Electric

Magna Announces First Quarter Results

Sales of $10.6 billion decreased 2%, compared to global light vehicle production down 7%Excluding foreign currency translation and acquisitions net of divestitures, sales in each segment outpaced global light vehicle productionReturned $403 million to shareholders through dividends of $119 million and $284 million in share repurchases2019 outlook reduced largely to reflect higher expected costs on… Continue reading Magna Announces First Quarter Results

Self-Driving Robot Makes Life Easier for Ford Employees

Ford is using a self-driving robot to deliver parts directly to where they are needed Programmed to know the plant layout, the robot nicknamed “Survival” modifies its route after encountering obstacles in its path; is first of its kind to be used in a Ford facility in Europe Trials shows “Survival” frees up to 40-employee… Continue reading Self-Driving Robot Makes Life Easier for Ford Employees

UPDATE 3-Panasonic flags first profit drop in 8 years, EV battery costs bite

TOKYO (Reuters) – Panasonic Corp warned profit this financial year would fall for the first time in eight years as costs to boost battery output rise and it moves to overhaul some businesses amid investor pressure to find new avenues of growth. FILE PHOTO: The Harley Davidson LiveWire electric motorcycle, developed in collaboration with Panasonic… Continue reading UPDATE 3-Panasonic flags first profit drop in 8 years, EV battery costs bite