A Cruise self-driving car, which is owned by General Motors Co, is seen outside the company’s headquarters in San Francisco where it does most of its testing, in California, U.S., September 26, 2018. REUTERS/Heather Somerville/File Photo SAN FRANCISCO, Sept 30 (Reuters) – General Motors Co’s (GM.N) Cruise self-driving car subsidiary said on Thursday it has… Continue reading DisruptedGM’s Cruise gets permit to give driverless rides to passengers in San Francisco7:39 PM UTC
Tag: Mobility
DisruptedSelf-driving startup Aurora maps out commercial strategy8:31 PM UTC
PALMER, Texas, Sept 30 (Reuters) – Self-driving startup Aurora says it has discovered a path to turn costly self-driving vehicles into a profitable business, showcasing its technology to investors this week ahead of a public listing it hopes will provide some $2 billion in additional funding. The move comes as several autonomous trucking companies prepare… Continue reading DisruptedSelf-driving startup Aurora maps out commercial strategy8:31 PM UTC
@Toyota: Mazda Toyota Manufacturing Begins Production on 2022 Corolla Cross
About Mazda Toyota Manufacturing Mazda Toyota Manufacturing is a jointly owned-and-operated automotive production plant. The $2.3 billion facility is expected to create up to 4,000 jobs and will have the capacity to assemble up to 300,000 vehicles a year, beginning in 2021. About Mazda Mazda North American Operations is headquartered in Irvine, California, and oversees… Continue reading @Toyota: Mazda Toyota Manufacturing Begins Production on 2022 Corolla Cross
BorgWarner Celebrates Seneca Plant Grand Reopening, 25th Year of Operation
AUBURN HILLS, Mich., Sept. 30, 2021 /PRNewswire/ — BorgWarner celebrated the grand reopening of its Seneca, South Carolina, production facility today, following a 16-month rebuild after the plant was ravaged by a tornado on April 13, 2020. Company leadership, plant employees, community members and many local, county and state government officials joined together to commemorate the… Continue reading BorgWarner Celebrates Seneca Plant Grand Reopening, 25th Year of Operation
Production begins at new Alabama auto plant; hiring ongoing
The joint venture said it was in the middle of hiring another 1,700 workers and anticipates reaching up to 4,000 employees once production is in full operation next year. HUNTSVILLE,Alabama: Production has begun at a new auto plant in north Alabama and the companies running the facility continue to hire workers at a brisk pace.… Continue reading Production begins at new Alabama auto plant; hiring ongoing
@BMW: Ad-hoc announcement: BMW AG raises earnings guidance for the financial year 2021001486
Munich. Bayerische Motoren Werke Aktiengesellschaft (BMW AG) increases the guidance corridor for the EBIT margin of the Automotive Segment from between 7% and 9% to between 9.5% and 10.5% for the financial year 2021. Additionally, the guidance corridor for the Return on Equity for the Financial Services Segment is revised from between 17% and 20%… Continue reading @BMW: Ad-hoc announcement: BMW AG raises earnings guidance for the financial year 2021001486
Honda to enter satellite launch business by 2030
TOKYO — Honda Motor will launch a test rocket by 2030 as it looks to enter the small satellite launch business, the Japanese car company announced Thursday, applying combustion-engine and other automotive technologies to new areas, even as the car industry shifts to electric vehicles. The satellite launch business is heating up and includes startups… Continue reading Honda to enter satellite launch business by 2030
India’s Ola Electric raises $200m round led by Falcon Edge, Softbank, others
Ola Electric, India’s leading electric vehicles manufacturer, today announced that it has raised over $200 million in a funding round, led by Falcon Edge, Softbank and others. The latest funding round took the company’s valuation to $3 billion. Ola Electric, the EV arm of the ride-hailing startup Ola, said, the current round will help it… Continue reading India’s Ola Electric raises $200m round led by Falcon Edge, Softbank, others
Mazda Toyota Manufacturing Begins Production on 2022 Corolla Cross
“This is the moment MTM and our North Alabama community have waited for since we broke ground in November 2018,” said Mark Brazeal, vice president of administration. “We are excited to see Corolla Cross in dealerships across the U.S.” MTM is currently hiring more than 1,700 additional employees to join its existing workforce, eventually reaching… Continue reading Mazda Toyota Manufacturing Begins Production on 2022 Corolla Cross
GM Set to Reach 100 Percent Renewable Energy in the U.S. 5 Years Ahead of Schedule
DETROIT, Sept. 30, 2021 /PRNewswire/ — As GM pursues carbon-neutral commitment, company expects to source 100 percent renewable energy in the U.S. by 2025 GM teams with PJM and TimberRock to launch a new carbon tracking system to monitor and reduce emissions in real time Today, General Motors announced that it plans to source 100… Continue reading GM Set to Reach 100 Percent Renewable Energy in the U.S. 5 Years Ahead of Schedule