– Greater Than plans to leverage Otonomo’s privacy-compliant connected car data to deliver AI-based risk insights as a stand-alone offering to insurance providers HERZLIYA, Israel, June 30, 2020 /PRNewswire/ — Otonomo, a pioneering automotive data services platform provider, and Greater Than, the leading AI technology-based insurtech company, today announces its agreement. Otonomo plans to provide Greater… Continue reading Otonomo Delivers to Greater Than, InsurTech Leader, Connected-Car Data
Category: Newswire
Equity cap in commercial vehicle JVs to be removed
China is scheduled to phase out foreign investors’ equity cap in commercial vehicle joint ventures starting from late July, as part of its commitment to further opening up the world’s largest vehicle market.Gasoline passenger cars remain the largest automotive segment in China.German premium carmaker BMW inked deals in October 2018 with its Chinese partner Brilliance Auto to raise its stake from 50 percent to 75 percent in its passenger car joint venture BMW Brilliance.
Echo3 Electric Automobiles Bring Electric Vehicles Within Reach of the Masses Like the Ford Model T
DENVER, June 26, 2020 /PRNewswire/ — Echo3, the electric automobile company, is bringing electric vehicles to the masses much in the way Henry Ford’s Model T did from 1908 to 1927. The First Model T became available in October 1908. The Model T is the 3rd most selling automobile of all time selling 16.5 million automobiles… Continue reading Echo3 Electric Automobiles Bring Electric Vehicles Within Reach of the Masses Like the Ford Model T
Veo E-Scooters Resume Operations in Providence
PROVIDENCE, R.I. and CHICAGO, June 25, 2020 /PRNewswire/ — Micromobility’s innovation leader, Veo, formerly known as VeoRide, is pleased to announce its industry leading shared e-scooters will be returning to the streets of Providence beginning Friday, June 26th. Veo’s service had been suspended since Mar 13th at the request of local leaders. However, thanks to the swift… Continue reading Veo E-Scooters Resume Operations in Providence
Martinrea International Inc. Declares Dividend and Expresses Confidence in the Future
TORONTO, June 24, 2020 (GLOBE NEWSWIRE) — Martinrea International Inc. (TSX : MRE), a diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added Lightweight Structures and Propulsion Systems, today announced that it has declared a quarterly cash dividend of $0.05 per share payable to shareholders of record on… Continue reading Martinrea International Inc. Declares Dividend and Expresses Confidence in the Future
ALYI – Alternet To Finalize Terms For Receiving $25 Million Investment
DALLAS, June 25, 2020 /PRNewswire/ — Alternet Systems, Inc. (USOTC: ALYI) today announced plans to finalize terms and execute a letter of intent (LOI) next week on Tuesday, June 30, 2020 for a $25 million first tranche investment to fund ALYI’s $300 million electric mobility initiative in Africa. The working terms include an approximate $50… Continue reading ALYI – Alternet To Finalize Terms For Receiving $25 Million Investment
Goodyear And Lordstown Motors Connect On Electric Vehicles
AKRON, Ohio, June 25, 2020 /PRNewswire/ — The Goodyear Tire & Rubber Company (NASDAQ: GT) and Lordstown Motors announced today a strategic relationship with the two Ohio-based companies agreeing to collaborate on tires and service in addition to future tire intelligence opportunities. The announcement coincides with Lordstown’s debut of its first all-electric pickup truck, the… Continue reading Goodyear And Lordstown Motors Connect On Electric Vehicles
Navistar Virtually Breaks Ground On San Antonio Manufacturing Facility, Slated To Begin Vehicle Production Early 2022
SAN ANTONIO, June 25, 2020 /PRNewswire/ — Navistar International Corporation (NYSE: NAV), a leading maker of International® brand commercial trucks, proprietary diesel engines and IC Bus® brand school and commercial buses, today joins the City of San Antonio, Bexar County and the San Antonio Economic Development Foundation (SAEDF) in a virtual groundbreaking ceremony to celebrate… Continue reading Navistar Virtually Breaks Ground On San Antonio Manufacturing Facility, Slated To Begin Vehicle Production Early 2022
Delphi Technologies Shareholders Approve Transaction with BorgWarner
LONDON, June 25, 2020 /PRNewswire/ — Delphi Technologies PLC (NYSE: DLPH) (“Delphi Technologies” or the “Company”) announced that at a special meeting of its shareholders held today, Delphi Technologies’ shareholders approved the Company’s previously announced transaction with BorgWarner Inc. (NYSE: BWA). An overwhelming majority of shareholders voted in favor of the transaction. “We are pleased… Continue reading Delphi Technologies Shareholders Approve Transaction with BorgWarner
Ford Sollers shifting to four-day workweek from July 1 – spokesperson
MOSCOW, June 25. /TASS/. The Ford Sollers automobile plant in Tatarstan will change to the four-day workweek from July 1, an official spokesperson of the Group told TASS on Thursday.
“Considering the market situation, macroeconomic changes and the effect of the coronavirus pandemic influencing on the automotive industry, Ford Sollers revises the company's operating conditions. The transition to the four-day workweek will be implemented from July 1 for the purpose of preserving the staff and business efficiency,” the spokesperson said.
Ford Sollers will be ready to return to normal operating conditions in case of positive dynamics on the Russian auto market, the Group said.
The Ulyanovsk Automobile Plant and ZMZ Plant will shift to the four-day workweek from July 10 and Mazda-Sollers plant in Vladivostok from July 1, Sollers said earlier.