Bajaj Auto is in advanced talks to pick up a stake in electric scooter rental startup Yulu while IAN said it has successfully exited its investment in Spinny, a used car buying and selling platform. Bajaj Auto mulls investing in Yulu Bajaj Auto is in advanced talks to pick up a stake for an investment… Continue reading India Digest: Bajaj Auto eyes Yulu; IAN exits Spinny
Tag: People
Most SoftBank Vision Fund investors want to join second fund, says Son
Most investors in SoftBank Group Corp’s $100 billion Vision Fund want to join the group’s forthcoming second fund, founder and Chief Executive Masayoshi Son said on Wednesday, adding discussions would begin soon. The entrepreneur said in May a second fund would launch “soon”, with SoftBank likely to be the only investor initially. Raising further funds… Continue reading Most SoftBank Vision Fund investors want to join second fund, says Son
Toyota snub dents Saudi Arabia’s manufacturing drive
RIYADH (Reuters) – Saudi Arabia began courting Toyota two years ago to build a large car plant as part of Crown Prince Mohammed bin Salman’s grand plan to wean the kingdom off oil revenues and create jobs for young Saudis. A car passes in front of Toyota dealer in Dhahran, Saudi Arabia June 15, 2019.… Continue reading Toyota snub dents Saudi Arabia’s manufacturing drive
Nissan considers seats for Renault chairman, CEO in new committees: Nikkei
FILE PHOTO : The Nissan logo is seen at Nissan Motor Co.’s global headquarters building in Yokohama, Japan, December 17, 2018. REUTERS/Kim Kyung-Hoon/File Photo (Reuters) – Nissan Motor Co Ltd plans to give seats in its four proposed committees to alliance partner Renault SA’s chief executive and chairman, Japan’s Nikkei newspaper reported on Wednesday, citing… Continue reading Nissan considers seats for Renault chairman, CEO in new committees: Nikkei
Electric dreams in danger as funding dwindles for China’s Tesla challengers
HONG KONG/BEIJING (Reuters) – Last year, Wei Qing and his private equity investment team visited more than 20 Chinese electric vehicle manufacturing startups. An employee works on assembling an electric vehicle (EV) at a factory of Suda Electric Vehicle Technology Co, in Sanmenxia, Henan province, China March 19, 2019. Picture taken March 19, 2019. REUTERS/Stringer… Continue reading Electric dreams in danger as funding dwindles for China’s Tesla challengers
Domino’s teams up with Nuro for driverless pizza delivery in Houston – The Verge
Nuro, the self-driving delivery startup, is teaming up with Domino’s to launch a pilot for driverless pizza delivery in Houston, Texas, the companies announced Monday. Starting later this year, Domino’s will use Nuro’s driverless fleet of custom-built robot cars to deliver pizza to select Houston residents who place orders online. Nuro, which was founded by… Continue reading Domino’s teams up with Nuro for driverless pizza delivery in Houston – The Verge
Tesla loses another exec: HR vice president and head of diversity Felicia Mayo
Felicia Mayo in 2016, when she worked for Juniper Networks.Marla Aufmuth/Getty ImagesTesla vice president of human resources and head of diversity Felicia Mayo has left the company.
A company spokesperson told CNBC, “We'll miss Felicia and would like to thank her for her hard work over the last two years and wish her all the best in the future. We have a talented HR team in place that will continue to report into our VP of People & Places and will remain focused on advancing our mission and making Tesla a great place to work.”
Tesla is known as a mission-driven and hard-driving workplace with significant pressure to hit ambitious goals and deadlines meted out by CEO Elon Musk. Among other things, these conditions have led to a high level of churn among Tesla executives, in recent years.
Mayo is one of a few black women leaders to break the glass ceiling and rise to executive ranks in a large, Silicon Valley tech firm. Less than 0.5% of Silicon Valley tech leadership positions are held by black women, according to 2018 statistics from the Kapor Center.
She previously served as vice president of global talent acquisition and diversity at Juniper Networks, then held the role of VP of Human Resources at Tesla for less than two years. She reported to Tesla's vice president of people and places, Kevin Kassekert, and CEO Elon Musk.
During her tenure, Tesla expanded its operations internationally, began manufacturing its Model 3 electric sedan in high volumes, and implemented controversial strategies ranging from store closures and other restructuring efforts, to giving employees a discount on Tesla vehicles, if they agreed to use and give feedback on beta versions of the company's Full Self Driving software.
Mayo's departure follows the resignation of other Tesla executives in the last year, including:
Tesla's former chief people officer, Gaby ToledanoGeneral Counsel, Todd MaronVP of Legal, Phil RothenbergCFO Deepak Ahuja (who announced his retirement at the end of a Tesla earnings call in January this year)VP of Engineering, Michael SchwekutschWATCH: Highlights from Elon Musk's speech at the Tesla shareholder meeting
VIDEO2:1602:16Watch the highlights from Elon Musk speaking at Tesla shareholder meetingAutos
Cruise is sharing its data visualization tool with robotics geeks everywhere
Cruise is sharing a software platform with roboticists that was initially created to give its own engineers a better understanding of the petabytes of data generated every month from its fleet of autonomous vehicles. The platform is a data visualization tool called Webviz, a web-based application aimed at anyone working in robotics, a field that… Continue reading Cruise is sharing its data visualization tool with robotics geeks everywhere
SafeAI raises $5M to develop and deploy autonomy for mining and construction vehicles
Startup SafeAI, powered by a founding talent team with experience across Apple, Ford and Caterpillar, is emerging from stealth today with a $5 million funding announcement. The company’s focus is on autonomous vehicle technology, designed and built specifically for heavy equipment used in the mining and construction industries. Out the gate, SafeAI is working with… Continue reading SafeAI raises $5M to develop and deploy autonomy for mining and construction vehicles
Madrid to suspend car restrictions in city centre, EU issues warning
MADRID, June 18 (Reuters) – Madrid’s new municipal government plans to suspend some anti-car emissions policies in the city centre, drawing a warning from the European Commission that Spain might be sanctioned if it fails to meet air quality standards.
The municipality, controlled by the conservative People's Party (PP), said on Monday that from July 1 it would suspend fines on cars entering a currently restricted area of around 5 sq km (2 sq miles), while it conducts a review of the policy.
The PP says the current restrictions have been too disruptive.
The policy, known as 'Madrid central', started last November when the city's then far-left government banned most petrol and diesel cars from its centre as a way to tackle high levels of nitrogen dioxide in Madrid, which had been in violation of European regulations since 2010.
Asked about the municipality's roll-back plans, EU Climate chief Miguel Arias Canete said on Tuesday that it would be analysed as part o..