Tag: People

SK in talks over battery ventures with Volkswagen, China partners – Automotive News Europe

SEOUL — SK Innovation is in talks to set up separate battery-making joint ventures with Volkswagen and Chinese partners, as the South Korean petrochemicals producer aggressively expands its involvement in electric vehicles. The company confirmed talks with Volkswagen for the first time, saying the two companies were discussing building a factory together. The JV would… Continue reading SK in talks over battery ventures with Volkswagen, China partners – Automotive News Europe

US lawmakers begin push to expand federal electric vehicle tax credits

How taxpayers have boosted Elon Musk and Tesla
10:06 AM ET Mon, 22 Oct 2018 | 07:43

A bipartisan group of lawmakers plans to introduce a bill to expand federal tax credits for buyers of electric vehicles, in what could be a boon for the growing EV market.

The existing $7,500 tax credit for buyers of EVs phases out over 15 months once an automaker sells 200,000 electric cars. The tax credit for Tesla buyers was halved to $3,750 on Jan. 1; General Motor's tax credit was likewise cut in half starting April 1.

The bill, dubbed the Driving America Forward Act, would grant each automaker a $7,000 tax credit for an additional 400,000 vehicles after it exhausts the first 200,000 vehicles eligible for tax credits. It would shorten the phase-out schedule to nine months. The credits are paid directly to consumers, who can write them off on their tax returns.

“At a time when climate change is having a real effect on Michigan, today's legislation is something we can do now to reduce emissions and combat carbon pollution,” Sen. Debbie Stabenow, D-Mich., one of the sponsors of the legislation, said in a statement. “Our bill will help create American jobs and cement Michigan's status as an advanced manufacturing hub.”

Tesla shares rose 1.6 percent in morning trading Wednesday on the news.

Sens. Gary Peters, D-Mich., Lamar Alexander, R-Tenn., and Susan Collins, R-Maine, and Rep. Dan Kildee, D-Mich., signed on to the bill.

Tesla dismisses sales employees as part of earlier-announced cuts
4:18 PM ET Mon, 8 April 2019 | 01:07

Electric vehicles comprise a tiny, but growing, share of the U.S. vehicle market. Support for low- and no-emissions vehicles has grown both in the U.S. and in other major automotive markets, such as China. Though Tesla has been a market leader in EVs, several automakers are planning to release fully electric cars, trucks and SUVs over the next few years.

“This would be a major shot in the arm for Tesla as this could be a much needed potential catalyst for demand in the U.S.” said Wedbush analyst Dan Ives. “Ultimately, while there are still hurdles to get this legislation passed, it would result in an additional 40,000 Tesla vehicles sold domestically in 2019 based on our estimates. After a tornado of bad news the last few months this would finally be a positive data point for Musk & Co.”

— CNBC's
Phil LeBeau
and Meghan Reeder contributed to this article. Reuters also contributed to this report.

UK car production could halve in no-deal Brexit scenario – study

Automotive industry With investment down 80% in past three years, industry faces ‘death by a thousand cuts’ The Jaguar Land Rover factory in Solihull. The company has issued a warning about a no-deal Brexit. Photograph: Getty Car production in Britain could collapse by almost half by the mid-2020s in a no-deal Brexit scenario, with plant… Continue reading UK car production could halve in no-deal Brexit scenario – study

Bekasi and Via Launch TRON to Transform Riding Angkot in Indonesia

Published April 9, 2019 11:00 pm, Via NYC
Bekasi and Via Launch TRON to Transform Riding Angkot in Indonesia
The new ridesharing deployment will launch in March near Jakarta, beginning with 150 vehicles

April 10, 2019 (Bekasi, Indonesia) — Residents of Bekasi will soon be served by the next generation of Angkot as PT. Teknologi Rancang Olah Nusantara introduces TRON, a new form of on-demand public transportation. Launching on April 10, TRON is developed in partnership with Via, the world’s leading provider of on-demand shared mobility solutions.

TRON is a new mobile application that allows users to request a 15 person shared van in real-time, similar to those used for Angkot. After registration, riders request their travel and are directed to a nearby virtual pickup point indicated in the application. The new service will begin with 150 vehicles, giving riders a fully dynamic new way to travel around Bekasi.

“With TRON in Bekasi, we are confident that we will give a new experience in riding public transportation,” said TRON CEO David Santoso. “This new service powered by Via is a great way to encourage people to ride public transportation.”

The vehicles hailed by the TRON mobile app will run in two zones — one along the former K-11 route that was divided into three routes, and another along the former K-12 route. The K-11 service will run from 5 a.m. to 10 p.m., while the K-12 will operate from 5 a.m. to 9 p.m. Each trip is a fixed-fee, costing riders just 5000 rupiah.

“People in Bekasi no longer need to walk a long distance to search for Angkot because TRON provides on-demand booking and efficient routing, making it possible for Angkot drivers to pick up riders much closer to their homes and taking them on a more direct route to their destinations,” said Santoso.

Via’s advanced algorithms enable multiple riders to seamlessly share a vehicle. The powerful technology directs passengers to a nearby corner — a virtual bus stop — for pick up and drop off, and dynamically routes the vehicle in real-time, allowing for quick and efficient shared trips without lengthy detours, or inconvenient fixed routes and schedules.

“We are delighted to partner with the innovative city of Bekasi to bring Via’s technology to Indonesia,” said Daniel Ramot, co-founder and CEO of Via. “Via’s vision is to provide cutting-edge mobility solutions that are smart, efficient, and help to reduce congestion and emissions globally, and the TRON service demonstrates how public transportation and technology can work together to make a city smarter.”

Via has been tapped by cities and transportation players around the world to help re-engineer public transit from a regulated system of rigid routes and schedules to a fully dynamic, on-demand network. Via now has more than 60 launched and pending deployments in more than 15 countries. To learn more about Via, visit www.platform.ridewithvia.com.

About TRON

Aplikasi TRON adalah produk dari PT. Teknologi Rancang Olah Nusantara dan merupakan afiliasi dari Digiasia Bios. TRON merupakan aplikasi ride sharing yang saat ini dapat digunakan untuk naik Angkot di Bekasi dengan layanan pembayaran non tunai yang disediakan oleh KasPro.

The TRON application is a product by PT. Teknologi Rancang Olah Nusantara and affiliated by Digiasia Bios. TRON is a ride sharing application that currently can be used to ride City Transport (Angkot) in Bekasi with cashless payment service provided by KasPro.
About Via
Via is re-engineering public transit, from a regulated system of rigid routes and schedules to a fully dynamic, on-demand network. Via’s mobile app connects multiple passengers who are headed the same way, allowing riders to seamlessly share a premium vehicle. First launched in New York City in September 2013, the Via platform operates in the United States and in Europe through its joint venture with Mercedes-Benz Vans, ViaVan. Via’s technology is also deployed worldwide through dozens of partner projects with public transportation agencies, private transit operators, taxi fleets, private companies, and universities, seamlessly integrating with public transit infrastructure to power cutting-edge on-demand mobility. For more information, visit www.platform.ridewithvia.com.

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Marcy Klevorn

Marcy Klevorn is chief transformation officer, Ford Motor Company, effective May 1, 2019. In this role she is accelerating the company’s transformation by helping to refine the company’s corporate governance systems, facilitate faster adoption of agile teams across the business and ensure process improvements across the enterprise.  She also continues to facilitate strategic partnerships with… Continue reading Marcy Klevorn

Ford Makes Leadership Changes as it Speeds Transformation

Ford Motor Company announces leadership changes as it accelerates progress on its global business redesign, product resurgence and its vision to become the world’s most trusted company designing smart vehicles for a smart world Jim Farley is appointed president, New Businesses, Technology & Strategy, and will oversee Strategy, Ford Smart Mobility, Ford Autonomous Vehicles and… Continue reading Ford Makes Leadership Changes as it Speeds Transformation

Exclusive: Volkswagen eyes big stake in China partner JAC, taps Goldman – sources

HONG KONG/FRANKFURT (Reuters) – Volkswagen AG is exploring purchasing a big stake in its Chinese electric vehicle joint venture partner JAC Motors and has tapped Goldman Sachs as an adviser on the plan, people with direct knowledge of the matter said. FILE PHOTO: FILE PHOTO: A Volkswagen badge on a production line at the Volkswagen… Continue reading Exclusive: Volkswagen eyes big stake in China partner JAC, taps Goldman – sources

Nidec Completed Acquisition of Systeme + Steuerungen GmbH and Its Group Companies

FOR IMMEDIATE RELEASE

Nidec Corporation

Tokyo Stock Exchange code: 6594

Contact:

Masahiro Nagayasu

General Manager

Investor Relations

+81-75-935-6140

ir@nidec.com

Released on February 5, 2019, in Kyoto, Japan

Nidec Completed Acquisition of Systeme + Steuerungen GmbH
and Its Group Companies

Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) today announced that the Company has acquired a 100% ownership of a privately owned German company, Systeme + Steuerungen GmbH and its group companies (collectively “SYS”), from its owners on February 4, 2019 (the “Transaction”) through Nidec-Shimpo GmbH, a German-based affiliate of Nidec’s subsidiary, Nidec-Shimpo Corporation. SYS is renowned for its industry-leading, high-speed and high-precision feeding equipment for press machines. Details are as follows:

1. Outline of SYS

(1) Company Name:
Systeme + Steuerungen GmbH and its group companies

(2) Headquarters:
Grafenau, Germany

(3) Foundation:
..

Exclusive: SK Innovation in talks to set up EV battery JVs with Volkswagen, China partners – euronews

As Aquarius heads to Spain, the 629 migrants on board the boat continue to endure difficult conditions with limited space, food and water. _Euronews’ Anelise Borges, the only TV journalist on board the ship, provides the latest: _ “For some of the member of the teams who are here, providing medical assistance and care to… Continue reading Exclusive: SK Innovation in talks to set up EV battery JVs with Volkswagen, China partners – euronews