Since announcing the investment agreement in September, Lucid has made substantial progress towards the commercialization of its products. The company has advanced the Lucid Air toward beta vehicle testing, established a vehicle charging network partnership with Electrify America, and is preparing to break ground on Lucid’s new manufacturing facility in Casa Grande, Arizona. Lucid’s team… Continue reading Lucid Motors Closes $1BN+ Investment from the Public Investment Fund of Saudi Arabia
Tag: Strategy
Volkswagen tests highly-automated driving in Hamburg
Volkswagen Group Research is testing automated vehicles in urban traffic in Hamburg. This is the first time Volkswagen has begun to test automated driving to Level 4 at real driving conditions in a major German city. From now, a fleet of five e-Golf, equipped with laser scanners, cameras, ultrasonic sensors and radars, will drive on… Continue reading Volkswagen tests highly-automated driving in Hamburg
Mahindra said to lead $500m round in self-drive car rental Zoomcar
April 3, 2019 Self-drive car rental platform Zoomcar (ZoomCar India Pvt. Ltd) is in talks to raise around $500 million in a fresh funding round led by automaker Mahindra and Mahindra Ltd, said two people aware of the development. The funding round will include a mix of debt and equity financing, the people said, requesting anonymity. An industry… Continue reading Mahindra said to lead $500m round in self-drive car rental Zoomcar
Zoomlion Widens Relationship with Dana
MAUMEE, Ohio, April 2, 2019 /PRNewswire/ — Dana Incorporated (NYSE: DAN) today announced that Zoomlion has selected Dana to supply Brevini® winch drives and slew drives for its first line of mobile all-terrain cranes offered in Europe. Designed and manufactured in Italy by Zoomlion, ATC 960 and ATC 1000 all-terrain cranes have been engineered to… Continue reading Zoomlion Widens Relationship with Dana
The new Bosch Visual Connect app brings the experts from Technical Support live into the workshop
The Automotive Aftermarket division (AA) provides the aftermarket and repair shops worldwide with modern diagnostic and repair shop equipment and a wide range of spare parts – from new and exchange parts to repair solutions – for passenger cars and commercial vehicles. Its product portfolio includes products made as Bosch original equipment, as well as… Continue reading The new Bosch Visual Connect app brings the experts from Technical Support live into the workshop
NIO Inc. Provides First Quarter 2019 Delivery Update
Delivered 3,989 ES8 vehicles in the first quarter of 2019 Cumulative deliveries of ES8 reached 15,337 SHANGHAI, China, April 02, 2019 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s premium electric vehicle market, today provided its delivery results for the first quarter of 2019. As of March 31, 2019, aggregate deliveries of the… Continue reading NIO Inc. Provides First Quarter 2019 Delivery Update
Lear Corporation to Acquire Xevo, a Leader in Connected Car Software and Data-Driven User Experiences
SOUTHFIELD, Mich., April 2, 2019 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in seating and electrical and electronic systems, today announced it has entered into a definitive agreement to acquire Seattle-based Xevo Inc., a leading automotive software supplier that develops solutions for cloud, car, and mobile devices. Xevo’s Journeyware suite of… Continue reading Lear Corporation to Acquire Xevo, a Leader in Connected Car Software and Data-Driven User Experiences
BMW at Auto Shanghai 2019
Shanghai/München: BMW takes to the stage at Auto Shanghai 2019 with the spotlight on two model premieres in particular. The new BMW 3 Series Sedan is making its Chinese debut at the international motor show, and the latest generation of the globally popular sports sedan will be built for the Chinese market by BMW Brilliance… Continue reading BMW at Auto Shanghai 2019
Renault discovers three private jets in Ghosn investigation
The Renault-Nissan alliance had four private jets at its disposal, French investigators have found — three more than previously known. Carlos Ghosn, the former chief executive of Renault and former chairman of Nissan, was known for a relentless travel schedule, often using a corporate jet that bore the registration number N155AN. “It is not uncommon… Continue reading Renault discovers three private jets in Ghosn investigation
Continuation of the future vision: SUV model for Mercedes-Benz Sindelfingen plant
Mercedes-Benz GLC to roll off the line as of 2022 at the Mercedes-Benz Sindelfingen plant. “With production of the GLC at the Mercedes-Benz Sindelfingen plant we are putting our production network on an even more flexible and efficient footing. Alongside premium and luxury class vehicles the plant is now receiving a further volume model in… Continue reading Continuation of the future vision: SUV model for Mercedes-Benz Sindelfingen plant