Category: Automotive

ZF Acquires Automotive Division of Romanian Engineering Services Provider BeeSpeed in Timisoara

“BeeSpeed is a long-term and reliable partner,” says Manfred Meyer, Head of Engineering in the Active Safety, Braking Systems, and Steering Systems Business Unit at ZF. “By acquiring this company, we will have permanently secured the expertise of BeeSpeed’s roughly 110 engineers who work for us as part of BeeSpeed’s automotive division while offering them… Continue reading ZF Acquires Automotive Division of Romanian Engineering Services Provider BeeSpeed in Timisoara

China’s Geely denies Bloomberg report, says has not sold shares in Daimler

FILE PHOTO: The emblem of the Geely automobile maker logo is seen at the IEEV New Energy Vehicles Exhibition in Beijing, China October 18, 2018. Picture taken October 18, 2018. REUTERS/Thomas Peter/File Photo BEIJING/SHANGHAI (Reuters) – Zhejiang Geely Holding Group said on Friday that the company has not sold any shares in German carmaker Daimler… Continue reading China’s Geely denies Bloomberg report, says has not sold shares in Daimler

Geely cuts its Daimler stake by more than half: Bloomberg

The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin, Germany, April 5, 2018. REUTERS/Hannibal Hanschke (Reuters) – Chinese billionaire Li Shufu’s Geely Group cut its 9.7 percent stake in carmaker Daimler AG (DAIGn.DE) by more than half, Bloomberg reported on Friday, citing people familiar with the matter. Li had taken a… Continue reading Geely cuts its Daimler stake by more than half: Bloomberg

World’s most valuable AI startup SenseTime unveils self-driving center in Japan

The world’s highest-valued artificial intelligence startup SenseTime has set foot in Japan. The Beijing-based firm announced on Friday that it just opened a self-driving facility in Joso, a historic city 50 kilometers away from Tokyo where it plans to conduct R&D and road test driverless vehicles. The initiative follows its agreement with Japanese auto giant Honda in… Continue reading World’s most valuable AI startup SenseTime unveils self-driving center in Japan

Michigan utility to offer charging station rebates and time-of-use rates

The Michigan Public Service Commission (MPSC) has authorized electric utility Consumers Energy to launch a charging infrastructure pilot program that includes rebates and a time-of-use rate plan. Consumers Energy’s PowerMIDrive program, a three-year, $10-million effort, includes a Nighttime Savers Rate to encourage EV drivers to charge their vehicles between 7 pm and 6 am. Residential… Continue reading Michigan utility to offer charging station rebates and time-of-use rates

Survey Predicts Increase in Weekend Trips

While their trips may be shorter, travelers make the most of their time away, especially by embracing new experiences outdoors. Photo via Depositphotos.  Enterprise’s Annual Weekend Getaway Survey found that more people are reporting a stronger desire to get out of the office in 2019 than last year — and most of them sum up… Continue reading Survey Predicts Increase in Weekend Trips