Jean-Marc Gales expects Lotus to still be using Toyota engines in the immediate future, but the Lotus boss is keen to embrace the powertrain options available from other Geely-owned brands. Such co-operation is most likely to make use of resources developed by Volvo, whose technology is also being used by fellow Geely brands Polestar and… Continue reading Lotus could switch to Volvo powertrains
Tag: Electric vehicles
Musk buys $9.85M in Tesla stock after taunting shorts
Dana Hull and Tom Metcalf, Bloomberg News Published 6:17 p.m. ET May 7, 2018 Tesla Inc.’s Elon Musk (Photo: Stephan Savoia / AP, file) Tesla Inc.’s Elon Musk is putting some money where his trash-talking mouth is. The chief executive officer bought about $9.85 million worth of Tesla shares on Monday, his biggest purchase since… Continue reading Musk buys $9.85M in Tesla stock after taunting shorts
Baidu launches $500m fund to support internet, AI startups
April 29, 2018 Chinese internet group Baidu is setting up a $500-million growth-stage fund that will invest in internet and artificial intelligence (AI) technology startups, according to a report by Chinese news site The Paper. The fund, dubbed Changcheng Investment Partners, will be an independent and market-oriented fund with average cheque amount ranging from $20… Continue reading Baidu launches $500m fund to support internet, AI startups
Hyundai’s Ioniq becomes top seller in Israel in Q1
SEOUL, May 8 (Yonhap) — Hyundai Motor Co.’s Ioniq hybrid emerged as the best-selling car in Israel in the first quarter of this year, achieving such a landmark for the first time since the start of its exports two years ago, industry sources said Tuesday. Hyundai Motor, South Korea’s top automaker, sold 4,149 Ioniq hybrids… Continue reading Hyundai’s Ioniq becomes top seller in Israel in Q1
UPDATE 3-Uber sets safety review; media report says software cited in fatal crash
(Reuters) – Uber Technologies Inc [UBER.UL] on Monday said it has retained a former top U.S. transportation official to advise it on safety after a fatal self-driving crash in March, but it declined to comment on a technology website’s report that a software flaw was responsible for the accident. The Uber logo is displayed on… Continue reading UPDATE 3-Uber sets safety review; media report says software cited in fatal crash
Leading Japanese Manufacturers Team Up For Solid-State Battery Push
37 M BY MARK KANE Development of solid-state batteries is to be accelerated in Japan through a new government-funded program led by Lithium Ion Battery Technology and Evaluation Center (Libtec). Libtec Japan would like to become a top player in next-generation solid-state technology, but so far no company has begun mass-production of this type of… Continue reading Leading Japanese Manufacturers Team Up For Solid-State Battery Push
Fire at Mercedes-Benz supplier affects local production
By Jason Morton Staff Writer Explosions and a large fire at a parts supplier for Mercedes-Benz U.S. International has slowed production at the automobile manufacturing plant. The blaze broke out in the early morning hours of Wednesday at a manufacturing plant for Meridian Magnesium Products for America in Eaton Rapids, Michigan. In a letter to employees that… Continue reading Fire at Mercedes-Benz supplier affects local production
Nissan to gradually withdraw from diesel vehicle market in Europe
PARIS (Reuters) – Japanese carmaker Nissan will gradually stop selling diesel cars in Europe, in a further sign of weakening demand for those cars as customers worry about tax rises and looming bans and restrictions related to diesel in many countries. FILE PHOTO: The logo of Nissan is seen during the 88th International Motor Show… Continue reading Nissan to gradually withdraw from diesel vehicle market in Europe
Chinese electric automaker BYD drives job growth in S California
Chinese electric automaker BYD drives job growth in S California. [Photo/IC] LOS ANGELES – “I started out on the line just a year ago as an hourly worker, same as everybody else,” recalls Kris Esposito, the newly-minted Production Manager of the Bus Chassis Section of China’s new BYD electric bus factory in Lancaster. “But BYD rewards… Continue reading Chinese electric automaker BYD drives job growth in S California
Cooperation with China’s Geely to revive national car brand: Malaysian PM
The Emgrand electric car, produced by Geely, featured at an auto show in Shanghai. The Emgrand has been widely praised by electric-car enthusiasts.[Photo provided to China Daily] PEKAN – Malaysian Prime Minister Najib Razak on Friday highlighted the capacity of China’s Zhejiang Geely Holding Group, saying Geely will help the Malaysian national car brand Proton… Continue reading Cooperation with China’s Geely to revive national car brand: Malaysian PM