/ The German automaker is the latest car company to announce plans to make EVs in the United States in a bid to comply with new tax credit rules BMW will spend $1 billion on EV production and $700 million for a new battery facility.Photo by Roberto Baldwin for The Verge BMW says it will… Continue reading BMW will build a $1.7 billion EV battery factory in South Carolina
Category: Tech News
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Waymo to launch robotaxi service in Los Angeles
Waymo said it plans to launch a robotaxi service in Los Angeles, another sign that the Alphabet subsidiary is accelerating its commercial ramp up. Waymo has had a presence in Los Angeles since 2019, periodically coming in to map neighborhoods, including downtown, Miracle Mile, Koreatown, Santa Monica, Westwood and West Hollywood. The announcement Wednesday has… Continue reading Waymo to launch robotaxi service in Los Angeles
BMW to invest $1.7B to build EVs in South Carolina
BMW plans to invest $1.7 billion to build at least six EV models in the U.S. by the end of the decade. The investment announced Wednesday includes $1 billion toward BMW’s factory in Spartanburg, South Carolina and $700 million to fund a new battery cell plant nearby. The factory, which builds BMW’s portfolio of X… Continue reading BMW to invest $1.7B to build EVs in South Carolina
Don’t worry, Uber WILL find a way to advertise to you
Uber has officially launched its advertising division and unveiled its in-app ad experience, Journey Ads, in an attempt to drive more revenue. The company said Wednesday it will sell ad space inside its ride-hailing and Uber Eats apps, as well as in-vehicle digital ads, sponsored mails and storefront ads. Uber has historically tried to add… Continue reading Don’t worry, Uber WILL find a way to advertise to you
The next generation of Thunderbolt seems nice but less necessary than ever
/ Intel’s next specification won’t take it back to the days where it’s faster and more capable than USB. And that’s probably fine. It doesn’t have a name yet.Image: Intel Intel is showing off a preview of the next generation of Thunderbolt, which it says can “deliver up to three times the capability of Thunderbolt… Continue reading The next generation of Thunderbolt seems nice but less necessary than ever
Waymo eyes traffic-choked Los Angeles for its next robotaxi service
/ Would you rather be stuck in bumper-to-bumper traffic in your own car or in the backseat of a driverless Waymo vehicle? LA residents, choose your fighter. Waymo will launch its next robotaxi service in Los Angeles, but it won’t say when.Waymo Waymo is bringing its Waymo One robotaxi service to Los Angeles, a city… Continue reading Waymo eyes traffic-choked Los Angeles for its next robotaxi service
The Portland Van Abductions
Some hours before he was abducted by a squad of feds in camouflage tactical gear, Mark Pettibone was playing a pickup game of Frisbee. It was what had become a normal night for the summer of 2020 in Portland, Oregon. The city was now four months into the pandemic and two months into the ongoing… Continue reading The Portland Van Abductions
Japan’s SBI said to be considering delisting Shinsei BankSBI said this month it planned to increase its stake to a majority 50% by the end of March
Japanese financial group SBI Holdings is considering delisting mid-size lender Shinsei Bank Ltd and will explore options with the country’s banking regulator, the Kyodo news agency reported on Wednesday. SBI said this month it planned to increase its stake to a majority 50.05% by the end of March. It raised its holding to around 48% last year. An SBI spokesperson said it had nothing to announce at… Continue reading Japan’s SBI said to be considering delisting Shinsei BankSBI said this month it planned to increase its stake to a majority 50% by the end of March
Dubai courier firm Aramex buys Florida e-commerce co MyUS for $265m
Dubai-listed courier firm Aramex said on Wednesday it had bought Florida-based e-commerce company Access USA Shipping LLC (MyUS) for about $265 million in an all-cash deal. Abu Dhabi sovereign wealth fund ADQ holds a 22.32% stake in Aramex, transferred to ADQ-owned Abu Dhabi Ports in January. Abu Dhabi Ports made its stock market debut in February, raising 4 billion dirhams ($1.09 billion). “As a result of this acquisition, MyUS will… Continue reading Dubai courier firm Aramex buys Florida e-commerce co MyUS for $265m
Japan’s Nippon Yusen to invest in Indonesia-based Pertamina’s shipping unit
Japan’s Nippon Yusen KK said on Wednesday it will invest in Pertamina International Shipping (PIS), a unit of Indonesia’s state energy firm Pertamina, without disclosing terms of the deal. The move by Japan’s biggest shipping company is aimed at expanding business in Indonesia, where energy and energy transportation demand are expected to increase in tandem with the country’s economic growth, a spokesperson for Nippon Yusen said. Nippon Yusen plans to complete the deal… Continue reading Japan’s Nippon Yusen to invest in Indonesia-based Pertamina’s shipping unit