The transaction advances Meritor’s M2022 objectives to accelerate global sales and growth by leveraging the company’s core competencies to grow strategically in adjacent markets. The addition of AxleTech enhances Meritor’s growth platform, bringing a highly complementary global product portfolio across the off-highway, defense, specialty and aftermarket segments. AxleTech’s offerings include a full product line of… Continue reading Meritor to Acquire AxleTech, Enhancing Growth Platform in Off-Highway, Defense and Aftermarket Segments
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Toyota, Honda plan to attack costs to free up cash for new tech
TOKYO (Reuters) – Two top Japanese automakers said they planned to tighten their belts in the years ahead to free up cash to develop electric cars and ride-sharing services, underscoring the hard task ahead as traditional automakers face a rapidly changing industry. FILE PHOTO: A Toyota logo is displayed at the 89th Geneva International Motor… Continue reading Toyota, Honda plan to attack costs to free up cash for new tech
As Uber gears up for IPO, many Indian drivers talk of shattered dreams
MUMBAI/NEW DELHI (Reuters) – In 2016, Rajesh Raut started driving an Uber taxi in Mumbai, hoping he could earn more than the $215 he received each month for making flatbreads at a roadside stall. Rajesh Raut, a former Uber driver, prays inside the truck that he currently drives and lives in, at a street in… Continue reading As Uber gears up for IPO, many Indian drivers talk of shattered dreams
Air drop – your next delivery may arrive by drone
Major players in the delivery realm have teased drone delivery for years. It’s time to see if this high-flying idea has wings (or if it’s just full of hot air). Drones have gone from toys for hobbyists to weapons of war – yet their business uses have so far been limited to acting as camera mounts… Continue reading Air drop – your next delivery may arrive by drone
Panasonic Ramps Up Its Smart Factory Solutions Business in India
With the smart factory solutions, Panasonic aims to be the one stop solution for all SMT, welding and digital manufacturing needs New Delhi, India – April 17, 2019 – Panasonic announced its plans to ramp up its smart factory solutions business in India. The company has integrated its welding business and SMT (Surface Mount Technology)… Continue reading Panasonic Ramps Up Its Smart Factory Solutions Business in India
Ford GoRide Health Expands Nationally, Launches First Public Service
Ford Motor Company is expanding its GoRide Health non-emergency medical transportation service nationally, beginning in Ohio, to help people get to and from medical appointments safely and more reliably The city of Dayton, Ohio, also launched the first Ford GoRide Health paratransit service for the general public, in order to expand and help fill public… Continue reading Ford GoRide Health Expands Nationally, Launches First Public Service
Partnering with Lyft to serve more riders in Metro Phoenix
Partnering with Lyft to serve more riders in Metro Phoenix Waymo TeamBlockedUnblockFollowFollowingMay 7 By: John Krafcik, CEO Six months ago, we launched Waymo One, our commercial self-driving ride-hailing service in the Metro Phoenix area. Over that time we’ve grown to serve over 1,000 riders who hail Waymo cars each day to commute to and from work,… Continue reading Partnering with Lyft to serve more riders in Metro Phoenix
Rebel Tesla rebuilder with a popular YouTube channel is now opening a shop to fix cars Tesla can’t
Rich Benoit has been enchanted with Tesla electric vehicles since the company first rolled out its flagship sedan, the Model S. The IT manager turned his curiosity into YouTube fame in 2016, cranking out videos about the cars, including how to buy, fix and mine wrecked Teslas for spare parts.
“The reason I started my YouTube channel was to kind of demystify Teslas in general. So I purchased a Tesla Model S a few years ago, and I started taking it apart to see if I could put it back together,” Benoit said. Today, his channel “Rich Rebuilds ” is approaching 500,000 subscribers. The most popular episode, “Can you drown a Tesla motor?” has garnered 2.3 million views in less than a year.
Dubbing him “Dr. Frankenstein of Teslas,” his followers frequently send payments to support his video blogging habit, as well as random items for his cars, home and garage.
He's received custom car parts like lug nuts, door handles, mats, as well as air fresheners, cleaning products and more. Someone sent him a life-sized poster of Elon Musk. Someone had pizza delivered to his house, which Benoit liked. On the weirder side of viral video stardom, a fan sent Benoit a puppy preserved in formaldehyde in a jar.
Over the years, Benoit said, followers increasingly reached out asking where to get a good deal on a spare part, or offering to pay him to fix their cars when Tesla service centers couldn't or wouldn't do so.
Dain Evans | CNBCIn the winter of 2018, Benoit partnered with a former parts manager for Tesla, Chris Salvo, to open up their own repair shop. Salvo is also the founder of EV Tuning, an online store that sells parts and accessories to electric vehicle owners.
While they have both been holding down day jobs, this spring they broke ground on their Electrified Garage in Seabrook, New Hampshire.
“I was never thinking of opening my own shop,” Benoit said. “But I'd been denied so many times by Tesla that I really started thinking there's got to be a bigger picture here, another player who can help others and get parts as well. Now there's a place where people can go for third-party EV repair.”
Their typical customers own Model S cars out of warranty, or Model 3's with after-market parts that have negated their warranties so they can't get Tesla do work for them, according to Benoit and Salvo.
Chris Salvo and Rich Benoit are the founders of the Electrified Garage.Magdalena Petrova | CNBCTesla CEO Elon Musk has long promised to ramp up the company's service in North America.
In July 2018, he tweeted, “Tesla body shops are ramping up fast. Aiming to go from 30+ days using external body repair shops to same day body repair with prestocked parts at Tesla service centers.”
But Tesla is currently in a belt-tightening phase, recovering from mass layoffs and still under pressure to cut costs. So it's not clear when the company can make good on Musk's promises. This week, the CEO told Tesla service skeptics on Twitter, “we're ramping up service centers & Tesla mobile service worldwide.”
Until more service centers open, or Tesla adds capacity and technicians, including “Rangers” – who drive to the customers' door to fix their cars – upstarts like the Electrified Garage are ready to repair, modify or rebuild.
Workhorse Group Reports First Quarter 2019 Results
CINCINNATI, May 7, 2019 /PRNewswire/ — Workhorse Group Inc. (NASDAQ:WKHS) (“Workhorse” or “the Company”), an American technology company focused on providing sustainable and cost-effective electric-mobility solutions to the transportation sector, today reported financial results for the first quarter ended March 31, 2019. First Quarter and Recent Operational Highlights April 2019: Entered an alliance with Duke… Continue reading Workhorse Group Reports First Quarter 2019 Results
First Quarter 2019 Results
CINCINNATI, May 7, 2019 /PRNewswire/ — Workhorse Group Inc. (NASDAQ:WKHS) (“Workhorse” or “the Company”), an American technology company focused on providing sustainable and cost-effective electric-mobility solutions to the transportation sector, today reported financial results for the first quarter ended March 31, 2019. First Quarter and Recent Operational Highlights April 2019: Entered an alliance with Duke… Continue reading First Quarter 2019 Results