FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, August 8, 2018. REUTERS/Pascal Rossignol (Reuters) – Amazon.com Inc will close all of its U.S. pop-up stores and focus instead on opening more book stores, a company spokesperson said on Wednesday. The company’s shares closed down 1.4 percent at… Continue reading Amazon to close all U.S. pop-up stores
Tag: People
Europe’s largest Mercedes-Benz dealership to open in Stockport
LSH Auto UK will open a new Mercedes-Benz dealership in Stockport, which will be the largest in Europe. It will create 55 new jobs in the local area, and will open in July 2019. The 10.5-acre site will hold 140 vehicles, and incorporate a dedicated AMG suite and display 100 approved used Mercedes-Benz vehicles in… Continue reading Europe’s largest Mercedes-Benz dealership to open in Stockport
Nissan was led astray by Ghosn’s success, CEO says – Nikkei Asian Review
TOKYO — Nissan Motor‘s “total dependence” on Carlos Ghosn, its former chairman, left the Japanese carmaker open to corporate malfeasance, CEO Hiroto Saikawa said in an interview with Nikkei, marking the 100th day since the arrest of the man once regarded as the company’s savior. Saikawa acknowledged that there had been little discussion over governance. He admitted… Continue reading Nissan was led astray by Ghosn’s success, CEO says – Nikkei Asian Review
Last Chevrolet Cruze in Ohio built amid GM restructuring
(Reuters) – General Motors Co said the last Chevrolet Cruze rolled off the assembly line Wednesday afternoon at its Lordstown, Ohio, assembly plant, the first of five plants in North America to end production this year and ending U.S. production of the Cruze. A view of the entrance to the West Plant at the General… Continue reading Last Chevrolet Cruze in Ohio built amid GM restructuring
Study optimizes EV charging stations along Michigan highways
Researchers at the University of Michigan have conducted a study to determine the ideal number and locations of EV charging stations across Michigan highways. The Michigan Energy Office (MEO), which funded the study, will use the results as it allocates $9.9 million over the next three years for public EV charging stations across the state.… Continue reading Study optimizes EV charging stations along Michigan highways
EU fines car safety equipment makers 368 million euros for cartel
Car safety equipment suppliers are fined second time for participating in a cartel. BRUSSELS: The European Commission said on Tuesday it had fined car safety equipment makers Autoliv and TRW 368.3 million euros for setting up a cartel to supply car seat belts, airbags and steering wheels to European car producers. The Commission, which is… Continue reading EU fines car safety equipment makers 368 million euros for cartel
Auto industry woes force bearings maker Schaeffler to cut jobs, shares slump
We started later in electric mobility than others did, but we are working now to catch up: Rosenfeld FRANKFURT: German bearings maker Schaeffler said it would cut 900 jobs, shut plants and reduce its product range after its 2018 earnings slumped due to weak demand in Europe and China and it warned of a challenging… Continue reading Auto industry woes force bearings maker Schaeffler to cut jobs, shares slump
In brief: SoCar ventures into micro-mobility via Korean e-bike sharing investment
Leveraging SoCar’s platform, Elecle plans to launch its service with 350 e-bikes. Go to Source
Brodmann17 nabs $11M for its automotive computer vision tech that runs on any CPU
Efficient computer vision systems are a critical component of autonomous and assisted driving vehicles, and now a startup that has developed a way to deliver computer vision technology without relying on costly and bulky hardware — by building deep learning software that can run even on low-end processors — has secured a round of funding… Continue reading Brodmann17 nabs $11M for its automotive computer vision tech that runs on any CPU
Waymo to start selling standalone LiDAR sensors
Waymo, the Google self-driving project that spun out to become a business under Alphabet, will start selling its custom LiDAR sensors — the technology that was at the heart of a trade secrets lawsuit last year against Uber. The company announced Wednesday in a blog post that it will sell is light detection and ranging… Continue reading Waymo to start selling standalone LiDAR sensors