Category: Newswire

KIA has set new benchmarks for safety and quality: MD

KIA Motors India has set new benchmarks for safety and production quality in the automobile manufacturing sector at its greenfield car manufacturing unit at Erramanchi village in Anantapur district.The manufacturing facility, built just within a little over a year right from scratch, has a capacity to manufacture 3 lakh cars a year, but currently is manufacturing 280 units of Seltos against a capacity of 400 for this model.Depending on the demand for the car that was pre-booked by more than 32,000 people all over India, the automotive production line — worldwide 15th facility of KIA Motors — will enhance its capacity.

Carlos Ghosn faces new allegation he used Nissan funds to bankroll tech investment fund

Former Nissan boss Carlos Ghosn used money from the Japanese car company to bankroll a technology start-up investment business.The allegations state that the funds were used to start an investment business with Nissan distributor Suhail Bahwan Automobiles in Oman.Once the money had been paid to the Oman business, $5m of it was sent back to Mr Ghosn through Lebanon-based company Good Faith Investments,…

Optimus Ride Selects Velodyne Lidar’s Trailblazing Sensors to Power its Self-Driving Vehicles

SAN JOSE, Calif.–(BUSINESS WIRE)–Velodyne Lidar, Inc. today announced that Optimus Ride will use Velodyne’s groundbreaking lidar sensors in its entire fleet of self-driving vehicles. The sensors provide rich computer perception data that enables real-time object and free space detection for safe navigation and reliable operation. Optimus Ride, a leading self-driving vehicle technology company on a… Continue reading Optimus Ride Selects Velodyne Lidar’s Trailblazing Sensors to Power its Self-Driving Vehicles