The exciting update emphasizes the inventive solutions mindset at Veo. “Since we founded this company, we are constantly thinking about what are some of the toughest problems cities are facing today,” said Edwin Tan, President, Veo. “By shortening our brand name from VeoRide to Veo, we open up possibilities to embrace new services, technologies, and… Continue reading Micromobility Innovation Leader VeoRide Unveils Futuristic Veo Brand
Category: Newswire
Magna annonce ses perspectives financières
Croissance du chiffre d’affaires et augmentation de la marge BAII1 prévues sur la période des perspectivesPrévision de flux de trésorerie disponible2 d’environ 5,5 milliards de dollars pour la période 2020-2022Marge BAII plus élevée prévue en 2020AURORA, Ontario, 23 janv. 2020 (GLOBE NEWSWIRE) — Magna International Inc. (TSX : MG ; NYSE : MGA) a annoncé aujourd’hui ses perspectives financières pour 2020… Continue reading Magna annonce ses perspectives financières
BorgWarner Secures Business Win for its First Mass-market eTurbo™ Application
AUBURN HILLS, Mich., Jan. 23, 2020 /PRNewswire/ — BorgWarner has secured a contract with a major European OEM to supply its high performing eTurbo™ on a passenger vehicle. This business award marks the company’s first serial production contract for the eTurbo, with production slated to begin in 2022. With the eTurbo’s key performance and energy-usage… Continue reading BorgWarner Secures Business Win for its First Mass-market eTurbo™ Application
Valmet Automotive Battery Test Center operational by the end of February
Due to the high demand for test capacities on battery modules and battery systems of electrically powered vehicles, Valmet Automotive is working with high pressure to set up its Battery Test Center (BTC) in Bad Friedrichshall, nearby city of Heilbronn. The facility should be operational by the end of February. The construction of Valmet Automotive’s… Continue reading Valmet Automotive Battery Test Center operational by the end of February
Canadian judge approves C$196.5 mln Volkswagen fine for diesel emissions
Jan 22 (Reuters) – A judge in Canada approved a $196.5 million (CAD) ($149.5 million) fine against Volkswagen AG on Wednesday after the company pleaded guilty to dozens of counts of diesel emissions violations.
Volkswagen was charged in December with importing nearly 128,000 vehicles into Canada violating emissions standards. VW pleaded guilty after being charged with 60 counts of breaching the Canadian Environmental Protection Act and providing misleading information.
Canadian news outlets said the fine was the largest environmental penalty in Canadian history.
Prosecutors had proposed the fine to resolve the issue earlier on Wednesday.
“The resolution acknowledges the extensive measures by Volkswagen to make things right in Canada and strengthen its global compliance policies. The payment from the company will be used to support environmental projects nationally and in the provinces across the country,” Volkswagen said in a statement.
Volkswagen admitted to using illegal software to ..
Daimler Testing Whether Household Waste Can Be Used in Car Parts
Daimler AG agreed to test recycled waste produced by Israel’s UBQ Materials Ltd. to see if it’s viable for use in car parts for new vehicles.
Total to Install Up to 20,000 Car Charging Points in Netherlands
Total SA won a contract to install and operate as many as 20,000 new public charging points for electric vehicles in the Netherlands as the country presses ahead with policies to fight global warming and pollution.
Karma Joins The Alliance For Automotive Innovation
WASHINGTON, Jan. 22, 2020 /PRNewswire/ — Karma, the Southern California-based high-tech mobility incubator and creator of luxury electric vehicles, and the Alliance for Automotive Innovation, the singular, authoritative and respected voice of the automotive industry, today announced the company has joined the organization as its newest member. With a shared focus on innovation, technology and growth,… Continue reading Karma Joins The Alliance For Automotive Innovation
Debt-laden Evergrande raises more debt
…percentage point from the same period a year ago. Evergrande is under pressure from its debt overhang amid a cooling market and heavy investments in electric cars . At the end of June 2019, the company…
Lucid Motors Opens Reservations for the Lucid Air in Europe, Fulfilling its Promise to Bring the Groundbreaking All-Electric Sports Sedan to Multiple Markets
For the equivalent of $1,000 USD, customers in Austria, Belgium, Denmark, Finland, France, Germany, Iceland, Italy, Monaco, Netherlands, Norway, Spain, Sweden, and Switzerland will secure their place in line for the Lucid Air. Specific markets were selected due to a combination of charging infrastructure and market acceptance and size. Expansion in Europe is planned in… Continue reading Lucid Motors Opens Reservations for the Lucid Air in Europe, Fulfilling its Promise to Bring the Groundbreaking All-Electric Sports Sedan to Multiple Markets