Faurecia announces today an investment in the startup SUBPAC, reinforcing the Group’s ecosystem dedicated to a personalized, versatile and connected Cockpit of the Future. Based in Silicon Valley, SUBPAC has developed a hardware and software technology platform that provides a deeply immersive and customized music and media experience by silently transferring low frequencies directly to… Continue reading FAURECIA INVESTS IN SUBPAC TO ACCELERATE THE DEVELOPMENT OF AN IMMERSIVE SOUND EXPERIENCE
Tag: People
Uber self-driving cars back on public roads, but in manual mode
Uber is putting its autonomous vehicles back on Pittsburgh’s city streets, four months after a fatal accident involving one of its self-driving cars prompted the ride-hailing company to halt testing on public roads. But for now, Uber’s modified self-driving Volvo XC90 vehicles will only be driven manually by humans and under a new set of safety… Continue reading Uber self-driving cars back on public roads, but in manual mode
BAIC Group announces R11-billion SA plant set to go live in 2018 Q4 – Job boost for locals, vehicle production to begin
Automaker BAIC Group today announced the completion of the critical construction and equipment installation milestones for Phase 1 of the historic R11billion investment which was announced in 2016. At a special milestone event hosted today (Tuesday, 24 July 2018), BAIC announced the completion of the semi-knocked-down (SKD) line and satisfactory progress on construction work streams of… Continue reading BAIC Group announces R11-billion SA plant set to go live in 2018 Q4 – Job boost for locals, vehicle production to begin
Mitsubishi Motors Reports First-Quarter Financial Results for FY2018
Tokyo, July 24, 2018 – Mitsubishi Motors Corporation (MMC) today announced first-quarter financial results for Fiscal Year 2018 ended March 31, 2019 (1Q/FY2018). 1. 1Q/FY2018 Financial Results Highlights Mitsubishi Motors reported net sales for 1Q/FY2018, up 27.0% year-on-year to 560.0 billion yen. Operating profit rose from 20.6 billion yen in the same period… Continue reading Mitsubishi Motors Reports First-Quarter Financial Results for FY2018
Geely-owned Volvo’s IPO sees lower valuations in initial investor feedback
July 24, 2018 Initial investor feedback has valued Volvo Cars far below owner Zhejiang Geely Holding Group Co.’s top-end estimates for a potential listing, people familiar with the matter said. Institutional investors have indicated the Swedish carmaker is worth about $12 billion to $18 billion in early meetings to discuss an initial public offering, the… Continue reading Geely-owned Volvo’s IPO sees lower valuations in initial investor feedback
Careem is now six years old… and we’ve come a long way
This month marks the sixth anniversary of the founding of Careem, from a service created in Dubai largely for corporate clients to a multi-vehicle platform operating in over 100 cities in 14 countries the growth has been signicant. We launched with a mission to simplify and improve the lives of people, and to build an awesome organisation that inspires – and six years into that mission it’s worth looking at how much we’ve accomplished.
And here are some of the stats from our first six years…
And we’re not finished yet. In fact, our mission to simplify and improve lives and create an awesome organisation that inspires is one that had no end point. We go on, and we’re delighted to have you with us.
Volta’s ad-supported electric vehicle charging service raises $35 million
As increasing numbers of electric vehicles are expected to hit the streets, thanks to new models from big automakers soon hitting the market, charging networks like Volta Charging are raising new cash to meet the expected demand. The company today said it raised $35 million from investors led by the Invenergy Future Fund, the technology investment arm… Continue reading Volta’s ad-supported electric vehicle charging service raises $35 million
3D printing and prospects of robo-glove at General Motors
At General Motors’ Lansing Delta Township Assembly Plant, Michigan, workers may use a bionic glove, named Robo-Glove, to handle mass produced 3D printed parts. Two years ago, GM initiated a project in collaboration with NASA and Bioservo to develop a grasp-assisted glove which could help increase workers’ productivity. Now, their engineers have successfully invented Robo-Glove, which allows wearers… Continue reading 3D printing and prospects of robo-glove at General Motors
Electric cars could cost more to charge at peak periods, says Ofgem
Electric vehicle owners could face a fresh concern in addition to range and charging locations in the future, with industry regulator Ofgem suggesting that it could cost more to charge their cars in peak times. The proposed “flexible energy” measures would ensure less investment is needed in the UK’s electricity infrastructure. Ofgem analysis suggests that if owners use ‘flexible charging’… Continue reading Electric cars could cost more to charge at peak periods, says Ofgem
Uber’s ‘Vomit Fraud’ Sounds Worse Than Surge Pricing
Photo: Getty As an Uber driver, you have to deal with low wages, an uncertain future, and the possibility of getting yelled at by the company’s billionaire founder. There’s also the more common issue of drunk people puking in your back seat. But a news report claims passengers in Miami are getting hit with fees… Continue reading Uber’s ‘Vomit Fraud’ Sounds Worse Than Surge Pricing