A Texas Enterprise Fund grant of $24 million has been given to Uber. Photo via Uber. Uber will establish a new U.S. General and Administrative Hub that will house various corporate functions in Dallas, according to a press release from Gov. Greg Abbott’s office. “This investment will bolster Texas’ continued economic success and reputation as the… Continue reading Uber to Open Dallas Regional Office
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India: Hero MotoCorp’s Pawan Munjal in talks to invest in Ola Electric
Pawan Munjal might be the next big investor after Ratan Tata to invest in Ola Electric. Billionaire Pawan Munjal, chairman of Hero MotoCorp Ltd—India’s largest two-wheeler maker by sales—is in advanced talks to invest in the electric mobility arm of ride-hailing company Ola, said four people directly aware of the development. An investment in Ola… Continue reading India: Hero MotoCorp’s Pawan Munjal in talks to invest in Ola Electric
Tesla to buy batteries from South Korea’s LG Chem: Bloomberg
FILE PHOTO – Tesla super chargers are shown in Mojave, California, U.S. July 10, 2019. REUTERS/Mike Blake (Reuters) – Tesla Inc (TSLA.O) has agreed to buy batteries from South Korea’s LG Chem Ltd (051910.KS) for electric vehicles manufactured in China, Bloomberg reported on Friday citing people familiar with the matter. The batteries made by the… Continue reading Tesla to buy batteries from South Korea’s LG Chem: Bloomberg
Self-Driving Car Companies Depend on Cheap Labor From Venezuela
Data Farm In order to teach a car to drive itself, its artificial intelligence needs to be presented with thousands of examples of things it might encounter on the road: pedestrians about to cross a street, for instance, or specific street signs. Now, with economic turmoil in Venezuela that left many impoverished, companies that gather… Continue reading Self-Driving Car Companies Depend on Cheap Labor From Venezuela
Donkervoort D8 GTO-JD70 – Donkervoort celebrates its founder’s birthday with a high-powered gift of its own
Dutch sportscar legend Joop Donkervoort has delivered his customers a very Donkervoort-style birthday surprise with the announcement of the JD70 supercar today. The modern Dutch master turns 70 today and his Donkervoort Automobielen operation delivered in style with a super-light, ferociously fast tribute to pass on to both new customers and to car industry’s most… Continue reading Donkervoort D8 GTO-JD70 – Donkervoort celebrates its founder’s birthday with a high-powered gift of its own
On-demand parking startup SpotHero raises $50 million
SpotHero, the Chicago-based company that has developed an on-demand parking app, has raised $50 million in a Series D round led by Macquarie Capital. Union Grove Venture Partners participated in the round, along with existing investors including Insight Venture Partners, Global Founders Capital, OCA Ventures, AutoTech Ventures and others, according to the company. SpotHero has… Continue reading On-demand parking startup SpotHero raises $50 million
Audio specialist: Sennheiser is again successful – and enters the automotive industry
Daniel (left) and Andreas Sennheiser Painful, but successful renovation. (Photo: imago images / Future Image) Dusseldorf Andreas and Daniel Sennheiser get high visit next Thursday. Federal Minister of Economics Peter Altmaier (CDU) pays a visit to the entrepreneurs on his journey through the middle class. Her grandfather Fritz founded the “Laboratory Wennebostel” in Hanover in… Continue reading Audio specialist: Sennheiser is again successful – and enters the automotive industry
Toyota Selects Around 240* Athletes from 43 Countries/Areas as Global Team Toyota Athletes on the Road to Tokyo 2020
Dedicated web page launched, supporting athlete activities towards Tokyo 2020 Helping people realise their dreams by supporting Olympic and Paralympic Games hopefuls Toyota Motor Corporation (Toyota), worldwide partner of the Olympic and Paralympic Games, today announced that it has launched a dedicated page on its global website to support and share the stories and activities… Continue reading Toyota Selects Around 240* Athletes from 43 Countries/Areas as Global Team Toyota Athletes on the Road to Tokyo 2020
Interview with VW’s legal board: Hiltrud Werner: “Volkswagen must remain permanently scandal-free”
Hiltrud Werner, VW Board for Integrity VW must continue to work on itself, says Werner. (Photo: Michael Loewa / laif) Dusseldorf VolkswagenLegal Board Hiltrud Werner sees significant progress in cultural change, which was initiated after the announcement of the diesel scandal almost four years ago in the group. “More than 80 percent of the clues… Continue reading Interview with VW’s legal board: Hiltrud Werner: “Volkswagen must remain permanently scandal-free”
August 22Suzuki Becomes Corporate Partner of ispace’s HAKUTO-R Program
22 August 2019 Suzuki Motor Corporationispace, inc Suzuki Becomes Corporate Partner of ispace’s HAKUTO-R ProgramSuzuki to Contribute Structural Analysis for Lunar Lander TOKYO – August 22, 2019 – Suzuki Motor Corporation (“Suzuki”), a Japanese multinational automaker, and ispace, inc. (“ispace”), a lunar exploration company headquartered in Tokyo, Japan, are pleased to jointly announce that Suzuki… Continue reading August 22Suzuki Becomes Corporate Partner of ispace’s HAKUTO-R Program