MUMBAI: The Indian government’s push on localisation of electric and low-emission vehicles in India has seen the €12.6 billion auto component major Mahle Group committing to invest more in joint ventures (JVs), new products and plant expansion. Mahle Group has raised its stake in former JV, Mahle Letrika Roots India, to 90% from 50%. This… Continue reading Auto component major Mahle Group to step up investments in India – Economic Times
Tag: People
The surprisingly boring road to self-driving cars – TechCrunch
At last, it is here! The truly self-driving car, no human behind the wheel! For the public! …A few hundred of them, in a closed beta, in a small corner of sun-drenched (never snow-drenched, almost never water-drenched) suburban Phoenix, five years later than some people were predicting six years ago. Few new technologies have ever… Continue reading The surprisingly boring road to self-driving cars – TechCrunch
LEVC CEO counts on products, new markets to lift UK-based Geely unit – Automotive News Europe
Since LEVC’s successful introduction of the plug-in hybrid TX Taxi in 2017, the UK-based unit of Zhejiang Geely Holding has struggled with costs. As a result, the money-losing producer of the iconic London black cab brought in longtime Audi executive Joerg Hofmann as its new CEO in February. Hofmann’s first job was to stabilize the… Continue reading LEVC CEO counts on products, new markets to lift UK-based Geely unit – Automotive News Europe
CTO.ai Raises $7.5M in Seed Funding
CTO.ai, a Vancouver, British Columbia, Canada-based provider of platform for scaling DevOps teams, raised $7.5M USD in seed funding. The round was led by Tiger Global, and Slack Fund, with participation from Yaletown Partners, Pallasite Ventures, Panache Ventures and Jonathan Bixby. The company intends to use the funds to expand their current offerings for enterprise… Continue reading CTO.ai Raises $7.5M in Seed Funding
Battery tech startup Sila Nano lands $45 million and Tesla veteran Kurt Kelty
Sila Technologies, the battery materials company that has partnered with BMW and Daimler, landed $45 million in new funding and hired two high-profile executives, including Kurt Kelty, who led the battery cell team at Tesla for more than a decade. Kelty, who was on Sila Nano’s advisory board, has been appointed vice president of automotive,… Continue reading Battery tech startup Sila Nano lands $45 million and Tesla veteran Kurt Kelty
Ben Horowitz on shocking rules and dramatic object lessons
Ben Horowitz, co-founder of venture firm Andreessen Horowitz, has a new book out titled “What You Do Is Who You Are,” which takes a look at how to create culture at a company. We sat down with Horowitz last month to discuss some of the lessons he aims to impart and why he felt compelled… Continue reading Ben Horowitz on shocking rules and dramatic object lessons
Toyota Strengthens Manufacturing Organization
PLANO, Texas, Nov. 4, 2019 /PRNewswire/ — As part of its commitment to mobility and helping people find better ways to go places, Toyota Motor North America, Inc. (TMNA) today announced several changes to its organization to further improve unprecedented changes to the automotive landscape. Effective immediately, TMNA will establish a Manufacturing Project Innovation Center… Continue reading Toyota Strengthens Manufacturing Organization
Tesla achieves record time at Nürburgring, beats Porsche Taycan, but likely still unofficial
Tesla has reportedly achieved another record time at Nürburgring race track with its Model S “Plaid” prototypes, beating the record of the Porsche Taycan, but it’s likely still unofficial. As we previously reported, following the recent launch of the Porsche Taycan, Tesla CEO Elon Musk appears to be on a mission to show that Tesla’s… Continue reading Tesla achieves record time at Nürburgring, beats Porsche Taycan, but likely still unofficial
Tesla Model Y prototype spotted with unreleased Model 3 unveil wheels
Another Tesla Model Y prototype has been spotted, and this time it was equipped with the unreleased old turbine wheels from the Model 3 unveiling in 2016. After the original unveiling, Tesla CEO Elon Musk said that they “spent a lot of time on those wheels,” and that they plan on bringing them to production.… Continue reading Tesla Model Y prototype spotted with unreleased Model 3 unveil wheels
Uber Announces Results for Third Quarter 2019
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced financial results for the quarter ended September 30, 2019. “Our results this quarter decisively demonstrate the growing profitability of our Rides segment,” said Dara Khosrowshahi, CEO. “Rides Adjusted EBITDA is up 52% year-over-year and now more than covers our corporate overhead. Revenue growth and take rates… Continue reading Uber Announces Results for Third Quarter 2019