As part of Kia’s “Accelerate The Good” charitable initiatives, Kia will, in association with Ms. Charoenphong, commemorate the 10 millionth Kia sold milestone through multiple acts of giving including $10,000 donations to non-profit organizations including St. Jude Children’s Research Hospital®, Alzheimer’s Association, and Freedom Service Dogs of America. In addition, Kia will gift her family’s… Continue reading KIA SELLS 10 MILLIONTH VEHICLE IN THE UNITED STATES
Tag: Mobility
Transactions carried out under the share buy-back program
As announced May 13, 2022 Kongsberg Automotive ASA put in place a non-discretionary agreement with Danske Bank for the repurchase of Kongsberg Automotive shares for up to 10% of it’s outstanding shares in the market. The share repurchases started May 19, 2022. Date Aggregated Daily Volume (# of Shares) Weighted Average Price (NOK) Total Transaction… Continue reading Transactions carried out under the share buy-back program
Sales stop for Ford in Germany: patent dispute
On Friday it was announced that Ford vehicles may not be sold in Germany for the time being. It’s about patent rights. This was announced on Friday District Court of Munich a temporary ban on sales of Ford models infringing the wireless transmission patent. The verdict is not yet final, but it is setting ford… Continue reading Sales stop for Ford in Germany: patent dispute
Majority shareholders vote for delisting of Chinese ride-hailer Didi from NYSE
Chinese ride-hailing giant Didi Global will delist from the New York Stock Exchange, after a majority of the company’s shareholders voted in favor of the plan, putting to rest a year-long clash with Beijing over its U.S. stock market listing. In an extraordinary general meeting (EGM) held on Monday, 96.26% of shareholders who were present… Continue reading Majority shareholders vote for delisting of Chinese ride-hailer Didi from NYSE
Didi’s delisting now done deal
Chinese ride-hailing giant Didi’s shareholders have voted to delist the company from the NYSE. The decision is a long-expected result of the company finding itself in hot water with the Chinese government after a rushed and later troubled public-market debut in the United States. Didi went public in the middle of 2021 in an offering… Continue reading Didi’s delisting now done deal
The Station: All the news out of TC Sessions: Mobility, #PoorElon and a sobering NHTSA report
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 frens, welcome back to The Station, your weekly guide to everything going on in the world of transportation. First up, TechCrunch finally got back onstage and in-person… Continue reading The Station: All the news out of TC Sessions: Mobility, #PoorElon and a sobering NHTSA report
Y Combinator-backed fintech Pebble uses stablecoins to offer 5% yield on cash
As equities continue to trade down from recent peaks, investors are searching for higher returns. Some have turned to the crypto-based decentralized finance (DeFi) realm, where yields from lending and staking cryptocurrency can range from 1% to as high as 15% for riskier projects. Others are looking at high-yield savings accounts like the one from… Continue reading Y Combinator-backed fintech Pebble uses stablecoins to offer 5% yield on cash
Ex-Uber executive reveals how driver earnings were slashed in Kenya
New details have emerged showing that Uber was planning to further reduce commuter charges in Kenya, months after the 35% cut of 2016, which is the subject-matter of a civil suit filed by drivers against Uber BV and its local subsidiary. Alissa Orlando, a former Uber executive in Kenya, said that she left the ride-hailing… Continue reading Ex-Uber executive reveals how driver earnings were slashed in Kenya
Argo AI is testing fully driverless vehicles in Miami and Austin
The latest self-driving startup to allow its vehicles to roam the streets without a human minder is Argo AI, the startup backed by Ford and Volkswagen. Last week, the company announced that it is testing its fully driverless vehicles in Miami, Florida, and Austin, Texas. Argo employees will ride in the passenger seat of the… Continue reading Argo AI is testing fully driverless vehicles in Miami and Austin
Badve Group and EVR collaborate to develop RFPM electric motors
Tier-1 automotive component firm, Badve Engineering and Israeli startup EVR Motors have announced a strategic agreement for manufacturing of the latter’s proprietary Trapezoidal Stator – Radial Flux Permanent Magnet (RFPM) electric motors in India. Such motors, the company said, are half the weight and size of similar competing motors. It is also claimed to be equipped with superior… Continue reading Badve Group and EVR collaborate to develop RFPM electric motors