Tag: GM

First generation e-cars will be gone tomorrow, says expert

Ding Lei, founder and chairman of electric car startup Huaren Technology R&D Co. [Photo provided to China Daily] Most electric models currently mushrooming in the Chinese auto sector will lose their appeal in two or three years, as they were designed as “makeshift substitutes” for gasoline cars, according to Ding Lei, founder and chairman of… Continue reading First generation e-cars will be gone tomorrow, says expert

German car sales plunge in May as diesel falls out of favour

BERLIN: Sales of new cars in Germany plunged in May, official figures showed Monday, dragged lower by public holidays and mounting uncertainty about the future of scandal-plagued diesel. A total of 305,057 new cars hit German roads last month, the KBA federal vehicle licensing authority said, a drop of 5.8 per cent year-on-year.Of those, just… Continue reading German car sales plunge in May as diesel falls out of favour

CarBlock joins The Mobility Open Blockchain Initiative

CarBlock announced that it has joined MOBI, the Mobility Open Blockchain Initiative, to explore blockchain and distributed ledger technology (DLT) for use in the development of a digital mobility ecosystem that could make transportation safer, more affordable, and more widely available. CarBlock is collaborating with the MOBI and other industry, government, and non-profit partners to… Continue reading CarBlock joins The Mobility Open Blockchain Initiative

GM settles self-driving legal action with California biker

General Motors has settled a legal action brought by a motorcyclist knocked over by one of the carmaker’s self-driving vehicles. Oscar Nilsson sued soon after the collision with the GM Cruise car in December 2017. Mr Nilsson sustained neck and shoulder injuries that needed lengthy treatment and caused him to take time off work. GM… Continue reading GM settles self-driving legal action with California biker

Lyft is reportedly close to buying the company behind Ford GoBike and Citi Bike

Lyft is getting close to acquiring Motivate, the company responsible for Ford GoBike in the San Francisco Bay Area and Citi Bike in the New York City area, The Information reports. The deal will reportedly be worth at least $250 million. Lyft declined to comment and Motivate wasn’t available for comment at the time of… Continue reading Lyft is reportedly close to buying the company behind Ford GoBike and Citi Bike

Kia recalls 106,000 Sedona minivans for sliding-door problem

2015 Kia Sedona SX Limited. (Photo: Kia) WASHINGTON — Kia is recalling 106,428 model year 2015-2018 Sedona minivans because their sliding doors may not automatically reverse if they close on a limb, according to documents filed at the National Highway Traffic Safety Administration. Kia reported receiving 21 complaints, 14 of which alleged an injury. Owners will… Continue reading Kia recalls 106,000 Sedona minivans for sliding-door problem

Deripaska Plans Auto Stake Sale to Lift Sanctions

Russian billionaire Oleg Deripaska is discussing selling part of his automotive business to minority investors, including former Magna International Inc. chief Siegfried Wolf, as part of a plan to end sanctions on the company. Deripaska is in talks with Wolf, whom he has known for more than a decade, about selling a portion of his… Continue reading Deripaska Plans Auto Stake Sale to Lift Sanctions

Lyft is reportedly close to buying the company behind Citi Bike

Ramin Talaie/Corbis via Getty Images Lyft might not sit idle while Uber leaps into the bike sharing space. The Information sources have claimed that Lyft is close to acquiring Motivate, the bike sharing behemoth responsible for New York City’s Citi Bikes and San Francisco’s Ford GoBikes. Neither company has agreed to comment on the move… Continue reading Lyft is reportedly close to buying the company behind Citi Bike