January 23, 2018 China’s Leshi Internet Information & Technology said on Tuesday it is seeking equity stakes in the car businesses of its largest shareholder Jia Yueting for the debts they owe. Leshi told an investor briefing it was trying to resolve debt owed by Jia and his companies by seeking equity stakes in his… Continue reading China’s Leshi seeks equity stakes in shareholder Jia Yueting’s car businesses
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South Korean Government Changes Standards for Payment of Subsidy for Electric Vehicles
Ministry of Environment (ME) has decided to change standards for payment of government subsidy for electric vehicles to ‘first-come-first-served based on registration and release date of cars’ this year. Its standards changed for the first time when they were based on submission of documents for purchase since 2013. It has decided to change standards in… Continue reading South Korean Government Changes Standards for Payment of Subsidy for Electric Vehicles
Tesla Driver, Passed Out Drunk, Tells Highway Patrol Autopilot Was in Charge
The California Highway Patrol (CHP) says a driver was found passed out in his Tesla with a very high blood alcohol content on San Francisco’s Bay Bridge on Friday. The driver, according to CHP, claimed the car had been “set on autopilot” in an apparent attempt to defend himself. The highway patrol, seemingly unimpressed, arrested… Continue reading Tesla Driver, Passed Out Drunk, Tells Highway Patrol Autopilot Was in Charge
Waymo to start testing self-driving cars in Atlanta
(Reuters) – Waymo, Alphabet Inc’s self-driving car unit, would start testing its self-driving vehicles in Atlanta, it said on Twitter on Monday. “Atlanta is a major hub for technology and innovation, and a natural fit for Waymo’s testing program,” Waymo said on Twitter. (bit.ly/2DyOp6W) With over eight years of testing under its belt, Waymo is… Continue reading Waymo to start testing self-driving cars in Atlanta
Waymo heads to Atlanta to test its self-driving cars
Waymo continues to expand the pool of locations where it’s testing its autonomous vehicle tech, and the latest destination is metro Atlanta. The former Google self-driving car company revealed the news on Twitter, noting that it’s expanding considerably its geographic testing footprint now that it’s got fully driverless test vehicles on the road in Phoenix.… Continue reading Waymo heads to Atlanta to test its self-driving cars
Peugeot Citroen boss seeks to avoid further Vauxhall job losses in meeting with Union
The head of Peugeot and Citroen (PSA) has met with Vauxhall union bosses for a “frank exchange” of ideas, as the French company weighs up how it will integrate the British brand into its portfolio of companies. The Unite union’s general secretary, Len McCluskey, said the meeting with Carlos Tavares, PSA’s chief executive, was “constructive”, and Tavares repeated his… Continue reading Peugeot Citroen boss seeks to avoid further Vauxhall job losses in meeting with Union
Uber’s CEO Predicts the U.S. Will Have Flying Cars Within 10 Years
Flying cars will be zipping across U.S. skies within the coming decade — at least that’s what Uber Technologies Inc.’s Chief Executive Officer Dara Khosrowshahi predicts. “There will be people flying around Dallas, Texas,” Khosrowshahi said at the DLD tech conference in Munich, his first public appearance in Europe since taking over the top job… Continue reading Uber’s CEO Predicts the U.S. Will Have Flying Cars Within 10 Years
Halberg casting: VW Schreck Prevent buys
Automotive supplier Prevent The supplier group became known in the summer of 2016 due to its dispute with the Volkswagen Group. (Photo: AP) The German-Bosnian automotive supplier group Prevent surprises with another acquisition. Prevent takes over the medium-sized casting company Halberg Guss from Saarbrücken, as the supplier confirmed on Monday. For the purchase price, both… Continue reading Halberg casting: VW Schreck Prevent buys
Cargo raises $5.5M to let Uber drivers sell snacks and essentials nationwide
Cargo, a startup that wants to let every rideshare driver open their own convenience store in their car, has just raised $5.5M in a round it’s calling seed preferred financing. Over the summer we covered the company’s $1.75M seed round, at which point they were just getting started. Now they have 2,500 cars on the… Continue reading Cargo raises $5.5M to let Uber drivers sell snacks and essentials nationwide
Uber Eats acquires Ando, the food delivery startup from David Chang that makes its own food
As food delivery hopefuls like Deliveroo and Amazon get more involved in the making of food themselves, Uber’s food delivery branch Uber Eats has made an acquisition that could see the company also producing more of the product it’s bringing to its customers. Ando — the delivery-only ‘restaurant’ founded by Momofuku chef David Chang —… Continue reading Uber Eats acquires Ando, the food delivery startup from David Chang that makes its own food