Volkswagen is conducting a feasibility study in China about flying cars, Europe’s biggest car maker said on Tuesday, joining a growing number of companies looking into the potential technology. “Beyond autonomous driving, the concept of vertical mobility could be a next step to take our mobility approach into the future, especially in the technically affine… Continue reading VW conducting flying cars feasibility study in China – TimesLIVE
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GM to idle 3 plants until March for deepening microchip shortage
Detroit — General Motors Co. said the three plants it shut down this week because of a deepening microchip shortage hammering the global auto industry will remain closed through at least mid-March. GM has halted production at the Fairfax, Kansas, plant where the Cadillac XT4 and the Chevrolet Malibu are built, the CAMI plant in Ontario where… Continue reading GM to idle 3 plants until March for deepening microchip shortage
Volkswagen explores flying cars in China
By Reuters Staff 2 Min Read FILE PHOTO: A Volkswagen logo is pictured in a production line at the Volkswagen plant in Wolfsburg, Germany March 1, 2019. Picture taken March 1, 2019. REUTERS/Fabian Bimmer/File Photo HAMBURG (Reuters) – Volkswagen is conducting a feasibility study in China about flying cars, Europe’s biggest automaker said on Tuesday,… Continue reading Volkswagen explores flying cars in China
M&M shares hit upper circuit on Q3 show; analyst see up to 35% upside
Following the earnings report, the stock hit the 10 per cent upper circuit on Monday. It was trading at Rs 931.65, up nearly 8 per cent, as investors lined up to buy the stock. NEW DELHI: An all-round performance by Mahindra & Mahindra (M&M) during the December quarter resulted in analysts raising their target prices… Continue reading M&M shares hit upper circuit on Q3 show; analyst see up to 35% upside
The Station: Uber slurps up Drizly, Ford doubles its EV budget and Rad Power Bikes plots an expansion
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hi friends and new readers, welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to… Continue reading The Station: Uber slurps up Drizly, Ford doubles its EV budget and Rad Power Bikes plots an expansion
Rad Power Bikes raises $150 million as electric bike sales boom
Electric bike sales boomed in 2020, a phenomenon driven by the COVID-19 pandemic and the disruption it delivered consumers’ daily lives. Now, Rad Power Bikes is reaping those rewards and using them to double its workforce and scale globally. The Seattle-based startup said Thursday it has raised $150 million from institutional investors including Morgan Stanley’s… Continue reading Rad Power Bikes raises $150 million as electric bike sales boom
Grab Closes US$2 Billion Term Loan Facility
Grab announced today the successful close of its first senior secured term loan facility, after securing commitments from international institutional investors. SINGAPORE, 1 February 2021 – Grab announced today the successful close of its first senior secured term loan facility, after securing commitments from international institutional investors. The facility is structured as a five year… Continue reading Grab Closes US$2 Billion Term Loan Facility
Taiwan asks TSMC and other chipmakers to help ease global crunch
TAIPEI — Taiwan’s Economic Ministry is asking domestic chip manufacturers such as Taiwan Semiconductor Manufacturing Co. to help “like-minded” economies alleviate the global shortage of automotive-related chips. The ministry said it has received requests since the end of last year from several nations via diplomatic channels. The countries are asking Taiwan to help look into… Continue reading Taiwan asks TSMC and other chipmakers to help ease global crunch
@FCA: Archer Taps FCA’s Scale and Expertise to Accelerate Electric Vertical Take Off and Landing (eVTOL) Aircraft Production
January 12, 2021 , Auburn Hills, Mich. – Archer and Fiat Chrysler Automobiles (FCA) announced today that they have entered into a definitive agreement to enable Archer to benefit from access to FCA’s low-cost supply chain, advanced composite material capabilities, and engineering and design experience. California-based Archer is creating the world’s first all-electric airline that moves… Continue reading @FCA: Archer Taps FCA’s Scale and Expertise to Accelerate Electric Vertical Take Off and Landing (eVTOL) Aircraft Production
Apple and Hyundai are reportedly planning to team up and build a ‘beta’ version of an electric car by 2022
Apple and Hyundai plan to sign a deal that would lead to a ‘beta’ version of an Apple electric vehicle as early as 2022, according to a Sunday report from Reuters. The companies are planning to sign a deal by March 2021 to partner on the cars, according to a Sunday report from local newspaper… Continue reading Apple and Hyundai are reportedly planning to team up and build a ‘beta’ version of an electric car by 2022