TVS Motor Company backed Ultraviolette Automotive Pvt. Ltd. plans to raise $120 million to fund its vehicle development and expansion plan. The maker of F77 high performance electric bikes has commenced deliveries to customers from its manufacturing facility in Bengaluru. The funds will fuel the company’s global expansion plans and support its ongoing vehicle platform… Continue reading Ultraviolette to raise $120 million for expansion
Category: US Motoring Press
Yamaha begins trials for last-mile delivery business in Tanzania
Yamaha Motor Co announced today that its group company CourieMate Co has signed a collaborative agreement with Tokyo-based Wassha Co, a startup developing businesses in Africa, to commercialise a last-mile delivery business in Tanzania. Based on this agreement, the two companies are proceeding with real-world proof-of-concept (PoC) testing in the country. Yamaha Motor Group company… Continue reading Yamaha begins trials for last-mile delivery business in Tanzania
RP Group to clock Rs 600 crore revenues in FY2023, targets speedy growth from OEM trim-fabric supplies
RP Group to clock Rs 600 crore revenues in FY2023, targets speedy growth from OEM trim-fabric supplies Dehradun-based RP Group, which is known through its aftermarket car seat cover brand – Autoform – is likely to close FY2023 with overall revenues touching Rs 600 crore. The company, which dominates the aftermarket car seat cover industry… Continue reading RP Group to clock Rs 600 crore revenues in FY2023, targets speedy growth from OEM trim-fabric supplies
Bosch and Nokia plan joint 6G research to integrate communications and sensors
Bosch and Nokia have announced that they will expand the alliance they entered into in 2017 to develop industrial IoT solutions in the area of 5G so that it also addresses the new 6G technology. The announcement was made at the Mobile World Congress 2023 in Barcelona. The two companies are conducting joint research on… Continue reading Bosch and Nokia plan joint 6G research to integrate communications and sensors
Volvo Cars to open new software development facility in Poland
Volvo Cars is to open a brand-new Tech Hub in Krakow, Poland’s second-largest city. The facility will be a key software development centre and play a crucial role in Volvo’s strategic ambition to be a fully electric brand by 2030 and a leader in new technology, not least through in-house software development. The Tech hub… Continue reading Volvo Cars to open new software development facility in Poland
Volvo Cars to open new software development facility in Poland
Volvo Cars is to open a brand-new Tech Hub in Krakow, Poland’s second-largest city. The facility will be a key software development centre and play a crucial role in Volvo’s strategic ambition to be a fully electric brand by 2030 and a leader in new technology, not least through in-house software development. The Tech hub… Continue reading Volvo Cars to open new software development facility in Poland
Tesla takes customer loyalty title from Ford, ending Dearborn automaker’s 12-year streak
Ford Motor Co. often touts its customer loyalty but Tesla just stole the crown for “Overall Loyalty to Make” from the Dearborn automaker after 12 years of Ford domination, according to the S&P Global Mobility annual Automotive Loyalty Awards announced Monday. Meanwhile, General Motors retained the title for “Overall Loyalty to Manufacturer” for the eighth… Continue reading Tesla takes customer loyalty title from Ford, ending Dearborn automaker’s 12-year streak
Fisker confirms Ocean EV deliveries will begin in spring, it’s on track to build more than 40,000 in 2023
Henrik Fisker stands with the Fisker Ocean electric vehicle after it was unveiled at the Manhattan Beach Pier ahead of the Los Angeles Auto Show and AutoMobilityLA on November 16, 2021 in Manhattan Beach, California. Patrick T. Fallon | AFP | Getty Images Electric vehicle startup Fisker said Monday that it spent less money in… Continue reading Fisker confirms Ocean EV deliveries will begin in spring, it’s on track to build more than 40,000 in 2023
BMW launches demonstration fleet of hydrogen cars that use fuel cells from Toyota
This image, from September 2021, shows a BMW iX5 Hydrogen in Munich, Germany. Krisztian Bocsi | Bloomberg | Getty Images The BMW Group on Monday launched a pilot fleet of hydrogen vehicles, with the German automotive giant’s CEO referring to hydrogen as “the missing piece in the jigsaw when it comes to emission-free mobility.” The… Continue reading BMW launches demonstration fleet of hydrogen cars that use fuel cells from Toyota
EVs are billed as the future. But a potential skills gap is sparking concerns about cost and safety
A mechanic working on an electric car at a garage in Carquefou, France, in November 2022. The EU is looking to increase the number of EVs on its roads in the coming years. Loic Venance | AFP | Getty Images From seatbelts to airbags and radios to parking sensors, today’s cars are packed with innovations… Continue reading EVs are billed as the future. But a potential skills gap is sparking concerns about cost and safety