Category: Automotive

Hertz Selects Monetization Platform

RecVue will serve as a single system of record that will allow Hertz to report and analyze millions of rental agreements and commissions transactions. Photo courtesy of Hertz. The Hertz Corporation has chosen the RecVue Monetization Platform to manage billing, commissions, and revenue. RecVue’s Monetization Platform will enable Hertz to automate key elements of its order to… Continue reading Hertz Selects Monetization Platform

SoftBank, Toyota in talks to invest $1 billion in Uber’s self-driving unit: sources

NEW YORK (Reuters) – A group of investors led by SoftBank Group Corp and Toyota Motor Corp is in talks to invest $1 billion or more into Uber Technologies Inc’s self-driving vehicle unit, which would value the unit at $5 billion to $10 billion, said two people familiar with the talks. FILE PHOTO: Uber’s logo… Continue reading SoftBank, Toyota in talks to invest $1 billion in Uber’s self-driving unit: sources

UPDATE 2-SoftBank, Toyota in talks to invest $1 bln in Uber’s self-driving unit -sources

NEW YORK (Reuters) – A group of investors led by SoftBank Group Corp and Toyota Motor Corp is in talks to invest $1 billion or more into Uber Technologies Inc’s self-driving vehicle unit, which would value the unit at $5 billion to $10 billion, said two people familiar with the talks. FILE PHOTO: Uber’s logo… Continue reading UPDATE 2-SoftBank, Toyota in talks to invest $1 bln in Uber’s self-driving unit -sources

Jaguar Land Rover recalls 44,000 cars

Jaguar Land Rover is recalling 44,000 cars in the UK over carbon dioxide emissions, the car maker has said. Regulators found 10 models were emitting more of the greenhouse gas than they had been certified to emit. The car maker will contact owners to arrange repairs, a JLR spokeswoman said. JLR is facing a number… Continue reading Jaguar Land Rover recalls 44,000 cars

Uber said to be raising $1B at a $10B valuation for its self-driving car unit

Uber is in negotiations with investors, including the SoftBank Vision Fund, to secure an investment as large as $1 billion for its autonomous vehicles unit. The deal would value the business at between $5 billion and $10 billion, according to a Tuesday report from The Wall Street Journal. Uber declined to comment. The news comes… Continue reading Uber said to be raising $1B at a $10B valuation for its self-driving car unit

Tesla Teams With Pasadena To Build Huge Fast-Charging Station

60 M BY MARK KANE If it saves money, we expect more joint infrastructure projects from Tesla and other cities. The Pasadena City Council recently approved an agreement between the city and Tesla to jointly build one of the largest fast-charging stations in the U.S. The site is located on the roof level of the Marengo… Continue reading Tesla Teams With Pasadena To Build Huge Fast-Charging Station