It may not be in 2020 that Volkswagen will double Tesla – at least on the number of electric cars sold. While the chairman of the board of the German giant, Herbert Diess, openly displayed at the beginning of the year his hope to “overtake the firm of Elon Musk […] to dominate the electric… Continue reading Volkswagen falls behind in electrics
Tag: Renault
JIFFY.ai Raises $18M in Series A Funding
JIFFY.ai, a Palo Alto, CA-based automation and no-code app development platform for global enterprise companies with a focus on finance and operations, raised $18M in Series A funding. The round was led by Nexus Venture Partners with participation from Rebright Partners, W250 Venture Fund (founded by alumni of the Stanford Executive Program) and a number… Continue reading JIFFY.ai Raises $18M in Series A Funding
Nissan will not extend contracts for 250 workers
Nearly 250 temporary workers at Nissan’s plant in north-east England will not have their contracts extended, the car firm has announced. Production resumed earlier this month at the factory in Washington, Sunderland, but the car maker said demand for its vehicles was low. It said it was adjusting production “to meet market demands”. “Given current… Continue reading Nissan will not extend contracts for 250 workers
Renault nationalisation, state cash injection not on the table: chairman
FILE PHOTO: A logo of Renault carmaker is pictured at a dealership amid the coronavirus disease (COVID-19) outbreak in Sint-Pieters-Leeuw, Belgium May 29, 2020. REUTERS/Yves Herman PARIS (Reuters) – A further investment by the French government in Renault’s (RENA.PA) capital would not be the most pertinent or useful use of state resources, the carmaker’s chairman… Continue reading Renault nationalisation, state cash injection not on the table: chairman
Renault’s Senard says relations with Nissan much improved
FILE PHOTO: Chairman of Renault SA Jean-Dominique Senard attends a news conference at French carmaker Renault headquarters in Boulogne-Billancourt, near Paris, France, October 11, 2019. REUTERS/Charles Platiau PARIS (Reuters) – Renault (RENA.PA)’s partnership with Japan’s Nissan (7201.T) has entered an “incredibly positive” phase after episodes of strained relations in recent years, the French carmaker’s chairman… Continue reading Renault’s Senard says relations with Nissan much improved
UPDATE 1-Vietnam’s VinFast to launch first electric car in 2021 – Reuters
* Company plans to target U.S. market with electric model * Electric model to debut at LA Auto Show in Nov. 2020 * VinFast a unit of Vingroup, Vietnam’s largest conglomerate * Batteries to use cells from South Korea’s LG Chem (Updates with company statement and details) By Khanh Vu HANOI, May 28 (Reuters) –… Continue reading UPDATE 1-Vietnam’s VinFast to launch first electric car in 2021 – Reuters
Upstream Expands Series B Funding
HERZLIYA, Israel, June 9, 2020 /PRNewswire/ — Upstream Security announced today that it has secured an expansion of its Series B funding with an investment by Salesforce Ventures. The undisclosed amount is in addition to $30 million previously invested by Alliance Venture Capital (Renault, Nissan, Mitsubishi), Hyundai, Nationwide Insurance, Volvo Group, and others. Upstream offers specialized… Continue reading Upstream Expands Series B Funding
@Mitsubishi: Mitsubishi Motors: Start of Project to Verify Open Platform Aggregation Business
TOKYO, June 9, 2020 – (JCN Newswire) – Thirty companies including Tokyo Electric Power Company Holdings, Inc., NEC Corporation, Goal connect Co., Ltd., SEKISUI CHEMICAL CO., LTD., TEPCO Power Grid, Inc., TEPCO Energy Partner, Inc., TAKAOKA TOKO CO., LTD., Toshiba Energy Systems & Solutions Corporation, Japan Weather Association, Mitsubishi Motors Corporation, and Hitachi Systems Power… Continue reading @Mitsubishi: Mitsubishi Motors: Start of Project to Verify Open Platform Aggregation Business
Press Releases – Auto makers and electricity sector call for rapid action on charging points under EU recovery plan
Brussels, 9 June 2020 – The European Automobile Manufacturers’ Association (ACEA) and Eurelectric welcome the focus on infrastructure for electrically-chargeable vehicles in the coronavirus recovery plan announced by the European Commission. The associations support the goal of funding 1 million public charging points referred to in the plan. However, they note that this objective was… Continue reading Press Releases – Auto makers and electricity sector call for rapid action on charging points under EU recovery plan
Men accused of helping ex-Nissan boss flee Japan challenge U.S. extradition case
BOSTON (Reuters) – Lawyers for the former Green Beret and son wanted by Japan for helping former Nissan Motor Co (7201.T) boss Carlos Ghosn flee the country on Monday argued U.S. authorities wrongly arrested them for aiding a crime that they say does not exist in Japan: bail jumping. FILE PHOTO: Former Nissan chairman Carlos… Continue reading Men accused of helping ex-Nissan boss flee Japan challenge U.S. extradition case