Category: News Site

Uber’s CEO already told Goldman Sachs the real plan: It’s not to replace taxis, it’s to replace your car

Getty According to Goldman Sachs, Uber’s real goal is “for Uber to truly become a legitimate alternative to car ownership.” Autonomous fleets of Uber cars will be much cheaper than owning a car. Private car ownership costs about $0.80-$0.90/mile today. Using an Uber costs $2.50/mile. Autonomous cars will bring the latter cost down, CEO Dara… Continue reading Uber’s CEO already told Goldman Sachs the real plan: It’s not to replace taxis, it’s to replace your car

Existing EV batteries could be recharged five times faster

BMW Lithium-ion batteries have massively improved in the last half-decade, but there are still issues. The biggest, especially for EVs, is that charging takes too long to make them as useful as regular cars for highway driving. Researchers from the University of Warwick (WMG) have discovered that we may not need to be so patient,… Continue reading Existing EV batteries could be recharged five times faster

General Motors plans July shutdown for upgrades at Flint Assembly

CLOSE The 2019 Chevrolet Silverado revealed at Eastern Market in Detroit on Saturday Jan. 13, 2018. General Motors Flint Assembly employee Dan Hippensteel attaches the grille to the front of a GMC Sierra 2500 HD truck in August 2015. GM is planning a July shutdown at Flint Assembly so the company can upgrade equipment at… Continue reading General Motors plans July shutdown for upgrades at Flint Assembly

BP sees self-driving electric vehicles crimping oil demand by 2040

LONDON (Reuters) – The emergence of self-driving electric cars and travel sharing are set to dent oil consumption by 2040, oil and gas giant BP (BP.L) said, forecasting a peak in demand for the first time. In its benchmark annual Energy Outlook, BP forecast a 100-fold growth in electric vehicles by 2040, with its chief… Continue reading BP sees self-driving electric vehicles crimping oil demand by 2040

Stefan Quandt and Susanne Klatten control the legacy: Quandt siblings share the BMW shares of the mother

All articles and backgrounds 02/20/2018 Stefan Quandt and Susanne Klatten arrange the inheritance Quandt siblings share the BMW shares of the mother DPA Johanna Quandt (center) died in August 2015. Their BMW stock package had largely and unnoticed by the public between 2003 and 2008 to their children Stefan Quandt (left) and passed on to… Continue reading Stefan Quandt and Susanne Klatten control the legacy: Quandt siblings share the BMW shares of the mother

UK National Grid plans superfast country-wide EV charging network

paulbr75 Range anxiety could soon be a thing of the past for electric vehicle drivers in the UK, as National Grid is proposing a network of superfast charging points that would mean 90 percent of motorists would always be within 50 miles of a charging station. The strategically-placed points would offer up to 350KW of… Continue reading UK National Grid plans superfast country-wide EV charging network

NTT Docomo invests in Otonomo

NTT DOCOMO Ventures, Inc.  has invested in Otonomo Technologies Ltd, a start-up that provides a marketplace for connected car data. Otonomo offers connected car data marketplace, a centralized platform through which car-generated data parameters are packaged into data bundles and offered to service providers to create innovative new applications and services. The Otonomo platform was… Continue reading NTT Docomo invests in Otonomo

Model S conquers top position in sales ranking: Tesla beats Mercedes and BMW in the domestic market

All articles and backgrounds 02/20/2018 Model S conquers top position in sales ranking Tesla beats Mercedes and BMW in the domestic market Tesla; Daimler Tesla Model S, Mercedes S-Class US electric car maker Tesla Show stock market chart has climbed for the first time in Europe the top spot in car sales in the luxury… Continue reading Model S conquers top position in sales ranking: Tesla beats Mercedes and BMW in the domestic market

Uber parks its service in Morocco

Uber is pulling the brakes on its service in Morocco, which will cease on February 23, as it waits (and hopes) for local regulators to accommodate app-based ride-hailing. The company announced the move on its country blog yesterday, writing that it has “not had any clarity” on how its service can be integrated into the… Continue reading Uber parks its service in Morocco