German carmaker idles assembly lines for 4 key models shortly after reopening factories Go to Source
Tag: VW
IRP Systems Raises $17M in Series B Funding
IRP Systems, a Tel Aviv, Israel-based provider of innovative electric powertrain products for e-mobility, raised $17M in Series B funding. The round was led by Chinese VC Fosun RZ capital, with additional funds provided by JAL ventures, previous investor Entrée Capital, Tal Capital, Union Tech Ventures, Cendana Capital and Allied Group subsidiary Champion Motors, the… Continue reading IRP Systems Raises $17M in Series B Funding
GM kills its electric bike project, Ariv
GM has killed its first electric bike. The automaker’s Ariv e-bikes, pronounced like “arrive” and stylized as “ARĪV,” were released last year in a handful of countries in Europe. But thanks to COVID-19, the company said it has decided to wind down its e-bike production. The website where customers previously could place orders now redirects… Continue reading GM kills its electric bike project, Ariv
@VW Group: ŠKODA AUTO production sends zero waste to landfill since start of year
Michael Oeljeklaus, ŠKODA AUTO Board Member for Production and Logistics, stressed, “As a car manufacturer, we have a particular responsibility to set a good example in terms of sustainability. Accordingly, we are consistently implementing our ‘GreenFuture’ strategy and have reached the next milestone in the ‘GreenFactory’ sub-section: we are now recycling 100 per cent of… Continue reading @VW Group: ŠKODA AUTO production sends zero waste to landfill since start of year
Truck maker Volvo ditches dividend payment amid COVID-19 crisis
FILE PHOTO: The logo of Volvo is seen on the front grill of a Volvo truck in a customer showroom at its company headquarters in Gothenburg September 23, 2008. REUTERS/Bob Strong (Reuters) – Swedish truck maker Volvo (VOLVb.ST) will withdraw its proposed dividend for 2019, it said on Tuesday, joining a slew of firms opting… Continue reading Truck maker Volvo ditches dividend payment amid COVID-19 crisis
@VW Group: 11May Italdesign with EasyRain and Bosch to develop A.I.S. – Aquaplaning Intelligent Solution It is an active safety system desi…
It is an active safety system designed to counter the aquaplaning phenomenon Italdesign to establish a new collaboration with EasyRain, a tech company active in the technology applied to road safety based in Turin area, and Bosch for the development of new “A.I.S.” system (Aquaplaning Intelligent Solution), the innovative active safety system designed to reduce… Continue reading @VW Group: 11May Italdesign with EasyRain and Bosch to develop A.I.S. – Aquaplaning Intelligent Solution It is an active safety system desi…
Toyota’s mega SUV Highlander lands in Europe for the first time
Car The Japanese manufacturer expands the range of high wheel models by Corrado Canali May 11, 2020 2 ‘of reading Toyota raises the challenge in the SUV-crossover sector with the new Hghlander available for the first time also in Europe. Thus, the Japanese brand’s high-wheeled models become four in as many reference sectors: the latest… Continue reading Toyota’s mega SUV Highlander lands in Europe for the first time
Carmaking starts up again as Bentley and Toyota workers return
Automotive industry Plants in north Wales and Crewe reopen as sector begins to ease out of lockdown Coronavirus – latest updates See all our coronavirus coverage Production has begun again at luxury carmaker Bentley at their factory in Crewe, although about a quarter of staff remain furloughed. Photograph: Bentley Motors Employees at two UK automotive… Continue reading Carmaking starts up again as Bentley and Toyota workers return
VW CEO: China is full of opportunities in wake of novel coronavirus
German carmaker Volkswagen AG sees new opportunities abounding in China, as the country subdues the coronavirus outbreak.The carmaker’s China performance was a stark contrast to other parts of the world.Wealthy customers are coming back to the market faster than expected.
Italian Hypercar Maker Mazzanti Selling Equity Via Crowdfunding – HotCars
If you have always longed to own a hypercar company, Automobili Mazzanti would like to offer you an express route towards fulfilling your dreams. You see, the Pisa, Italy-based company is seeking investors and has created a Crowd Fund Me page to attract folks who may want to part with roughly $330,000 for a 7% stake… Continue reading Italian Hypercar Maker Mazzanti Selling Equity Via Crowdfunding – HotCars