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
Tag: People
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
Uber’s Indian rival Ola is aiming for an IPO in 3-4 years
Ola, Uber’s chief rival in India, is planning to go public potentially as soon as in three years time, according to its CEO. Co-founder and chief executive officer Bhavish Aggarwal told the audience at an event in Bengaluru last week that seven-year-old Ola is poised to become a cash flow positive business — having recently hit operational… Continue reading Uber’s Indian rival Ola is aiming for an IPO in 3-4 years
Cheaper charging plans for electric cars
People who own electric cars could soon benefit from cheaper energy, as a result of so-called flexible charging. Regulator Ofgem has announced plans to encourage owners to recharge cars at times when electricity is cheaper. That could be in an off-peak period, or it could be at times when plenty of renewable energy is being… Continue reading Cheaper charging plans for electric cars
Magna-BAIC deal raises prospects for an ‘automotive Foxconn’ in China
July 23, 2018 In China, where the future of the car is looking more and more electric, newcomers to the auto industry are looking for partners to help them build their vehicles. Enter Canadian auto supplier Magna International which aims to spearhead a shift to contract vehicle manufacturing through its new partnership with state-owned Chinese… Continue reading Magna-BAIC deal raises prospects for an ‘automotive Foxconn’ in China
Tata Motors renews talks to sell stake in engineering unit
July 23, 2018 Tata Motors Ltd., the owner of Jaguar Land Rover, has restarted talks on the sale of a stake in its engineering unit just months after a deal with Warburg Pincus was called off, people with knowledge of the matter said. The carmaker has started preliminary discussions with a private equity firm that… Continue reading Tata Motors renews talks to sell stake in engineering unit
Automakers push back on EU tariff plan, saying there’s no evidence imports affect national security
Auto executives pushed back Thursday on the Trump administration’s proposal to dramatically raise tariffs on auto imports from the EU.
New FCA CEO Manley a 'brilliant' exec
In this file photo taken on January 15, 2018 Mike Manley, the then-head of Ram brand, speaks at the 2018 North American International Auto Show. Fiat Chrysler appointed Manley as new CEO on Saturday. (Photo: Jewel Samad, AFP/Getty Images) As the man who guided Jeep and Ram to meteoric success, Mike Manley’s sense of humor… Continue reading New FCA CEO Manley a 'brilliant' exec
Here’s why Tesla’s Model 3 may face declining demand, despite Elon Musk’s claims
Recently, Elon Musk lashed out at a new analysis claiming that nearly a quarter of the more than 400,000 advance reservations for Tesla‘s Model 3 battery-sedan have been canceled.
Fiat Chrysler replaces CEO Marchionne amid health struggles, ending impressive near 10-year run
Sergio Marchionne, the maverick auto executive who created and oversaw nearly a decade of post-bailout growth at Fiat Chrysler, has been replaced as CEO amid ongoing health struggles.