Tech mogul Elon Musk denied reports that claimed he had earned $2.3 billion in stock options in 2018 San Francisco: While his electric vehicle (EV) company Tesla struggles to make profit, tech mogul Elon Musk denied reports that claimed he had earned $2.3 billion in stock options in 2018. Instead, Musk said he had pocketed… Continue reading Elon Musk says he earned nothing from Tesla in 2018
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Tesla Model 3 available for cheaper in China as pre-orders open
Tesla has opened pre-orders in China for its Model 3 cars, which are being sold at a 13% discount for Chinese consumers. The domestically-produced cars are cheaper than the models being imported from the US, and Tesla stated it expects to begin deliveries within the next 10 months. Elon Musk attended the ground-breaking ceremony opening… Continue reading Tesla Model 3 available for cheaper in China as pre-orders open
Manufacturers defend that they are part of the solution of the new forms of mobility
Posted 05/31/2019 11: 37: 29CET MADRID, May 31 (EUROPA PRESS) – The main responsible in Spain of the brands Audi, Hyundai, Peugeot and Toyota have defended that the car manufacturers are part of the solution and not the problem posed by the new forms of mobility, underlining the importance of how to change the business… Continue reading Manufacturers defend that they are part of the solution of the new forms of mobility
VW is driving forward factory redevelopment in Zwickau: 1500 new robots for Germany’s first e-car factory
Volkswagen Volkswagen’s Future Hope ID.3 Volkswagen drives the Conversion of his work in Zwickau, Saxony to the first pure E-car factory of Germany Ahead. From mid-2020, only electric vehicles will be built on site. It starts with the ID.3, the end of 2019 roll off the line. “It will be converted for a new era,”… Continue reading VW is driving forward factory redevelopment in Zwickau: 1500 new robots for Germany’s first e-car factory
Chinese robot developer Robosen raises $14.5m in Series A funding
Robosen, a Chinese manufacturer of intelligent auto-transforming robot, has raised Rmb100 million ($14.5 million) in its Series A funding round, led by CMB International Capital Corporation (CMBI), an investment unit of China Merchants Bank. In a statement, Robosen, founded in 2011 in Beijing, said the funding round also saw participation of Hu Yu, the co-founder… Continue reading Chinese robot developer Robosen raises $14.5m in Series A funding
Flagship for future technology: the MINI Electric is ready for take-off.
Video clip in hallmark brand style showcases the fully electrically powered MINI Cooper SE as a “muscle car” taking on the role of an aircraft tug at Frankfurt airport – First purely electrically powered model made by the British premium manufacturer is to be produced at the MINI plant in Oxford starting in November 2019… Continue reading Flagship for future technology: the MINI Electric is ready for take-off.
EV maker Nio plans Beijing plant, will likely seek a partner – CEO
BEIJING/SHANGHAI (Reuters) – Chinese electric vehicle (EV) maker Nio Inc is keen to build a production base in Beijing and will likely seek a manufacturing partner, Chief Executive Officer and founder William Li said this week. His comments come after Nio said on Tuesday that it would form a joint venture with Beijing E-Town International… Continue reading EV maker Nio plans Beijing plant, will likely seek a partner – CEO
Renault’s Senard Says Jobs and Nissan Will Be Safe in Fiat Deal – Bloomberg
Renault’s Senard Says Jobs and Nissan Will Be Safe in Fiat Deal Bloomberg Renault SA has made progress convincing partner Nissan Motor Co. of the merits of its merger plan with Fiat Chrysler Automobiles NV. The next step will be … Go to Source
Uber posts $1bn loss weeks after flotation
Uber has posted a $1bn (£790m) loss as the ride-hailing firm delivered its first figures since a disappointing flotation earlier this month. The quarterly loss came despite a 20% a rise in revenues to $3.1bn and increase in monthly active users to 93 million. The results were in line with many analysts’ forecasts and may… Continue reading Uber posts $1bn loss weeks after flotation
Mate Rimac Presents Rimac Automobili Episode 1: Video
Croatia’s Rimac Automobili is a great example of the huge potential of countries that previously were not associated with the automotive industry Following the recent presentation of the Rimac Automobili by Shmee150, Mate Rimac started a new series of 4 episodes, in which he thoroughly takes us through Rimac facilities. The EV startup from Croatia… Continue reading Mate Rimac Presents Rimac Automobili Episode 1: Video