Category: Tech News

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Kia’s 2023 EV6 will cost $7,100 more than its predecessor

Kia has unveiled pricing for the 2023 EV6, and it’s decidedly more expensive than before — although you might not mind depending on what you were looking for. The new electric crossover starts at $49,795 when you include the $1,295 destination fee, or $7,100 more than the entry 2022 model. You do get more in… Continue reading Kia’s 2023 EV6 will cost $7,100 more than its predecessor

Auto sales ‘overshoot’ will make it impossible to prevent the worst effects of climate change

/ Greenpeace Germany released a new report that concludes that automakers are on track to sell 400 million more vehicles than is feasible to keep global temperatures under 1.5°C. Photo credit should read CFOTO/Future Publishing via Getty Images Toyota, Volkswagen, Hyundai, and other major automakers are on track to sell 400 million more diesel and… Continue reading Auto sales ‘overshoot’ will make it impossible to prevent the worst effects of climate change

Tesla stock hits 2-year low after Musk sells $4b worth of sharesThe latest sale brings the total amount of Tesla stock sold by Musk since last Novembe…

Tesla Inc shares slid to their lowest level in nearly two years on Wednesday after Chief Executive Elon Musk disclosed he sold another $3.95 billion worth of shares in the electric-vehicle maker. Shares ended down 7.2% at $177.59, the lowest level since Nov. 23, 2020. Musk’s latest share sale fueled jitters about the fallout of… Continue reading Tesla stock hits 2-year low after Musk sells $4b worth of sharesThe latest sale brings the total amount of Tesla stock sold by Musk since last Novembe…

KKR, Apollo and Carlyle become latest targets in SEC’s communication probeThe enquiry, which initially involved some of the largest US banks, was laun…

U.S. private equity giants KKR & Co Inc, Apollo Global Management and Carlyle Group were added to a broad regulatory inquiry into how financial firms track employees’ digital communications, filings by the companies showed on Wednesday. The scope of the investigation around how Wall Street handles work-related communications on personal devices and apps such as… Continue reading KKR, Apollo and Carlyle become latest targets in SEC’s communication probeThe enquiry, which initially involved some of the largest US banks, was laun…

Indonesian startups explore new routes as funding dries up

As investors turn cautious in lending to startups, growth-stage tech companies in Indonesia are looking at alternative financing options such as convertible notes, venture debt, or pure debt to raise funds this year. While logistics company Kargo is closing around $15 million in a bridge round from existing investors, according to sources aware of the… Continue reading Indonesian startups explore new routes as funding dries up

IFC proposes up to $100m senior loan to Vietnam lender SeABank

The International Finance Corporation (IFC), a member of the World Bank Group, has proposed to extend a senior loan of up to $100 million to Hanoi-based Southeast Asia Commercial Joint Stock Bank (SeABank), according to a disclosure. The proposed loan, which has a tenor of up to five years and will come from IFC’s own… Continue reading IFC proposes up to $100m senior loan to Vietnam lender SeABank

Lyft-backed plan to fund electric cars flops in California

California voters shot down a plan to make electric vehicles more affordable for some residents, dealing a blow to Lyft and the EV industry alike. Proposition 30 would have taxed residents making more than $2 million a year to subsidize electric cars and public charging stations as well as funded wildfire prevention programs. Even with… Continue reading Lyft-backed plan to fund electric cars flops in California

Tesla vehicles will soon have Zoom video conferencing

Zoom is working with Tesla to bring video conferencing into its vehicles. The announcement, made at the 2022 Zoomtopia conference, was light on details. But according to Zoom’s group product manager Nitasha Walia, the video conferencing feature “will come standard on all new Tesla models soon.” “You’ve been zooming from your home, your office, your… Continue reading Tesla vehicles will soon have Zoom video conferencing