“Toyota customers want vehicles that are fuel-efficient and electrified,” said Norm Bafunno, senior vice president, Unit Manufacturing and Engineering, Toyota. “These investments allow us to meet customer needs and quickly respond to an evolving market. We are committed to investing in the U.S., and our teams are ready to take on this new challenge.” Toyota… Continue reading Toyota Invests $383 Million in US Production
Tag: Mobility
Senmiao Technology Launches Ride-Hailing Platform in Four Additional Cities
CHENGDU, China, 19. April 2022 /PRNewswire/ — Senmiao Technology Limited (“Senmiao” or the “Company”) (Nasdaq: AIHS), a financing and servicing company focusing on the online ride-hailing industry in China as well as an oprator of its own online ride-hailing platform, today announced the launch of its proprietary online ride-hailing platform for drivers in four cities in… Continue reading Senmiao Technology Launches Ride-Hailing Platform in Four Additional Cities
Pinnacle Industries’ electric foray gathers momentum
When EKA, the wholly-owned arm of Pinnacle Industries, the Pune-based component manufacturer unveiled its 9-metre electric bus in Pune in early April, it was undoubtedly a major milestone for the company. The company’s top leadership is categorical that it wants to play a key role in India’s emerging EV space, and be a disruptor. As… Continue reading Pinnacle Industries’ electric foray gathers momentum
Volvo Cars Tech makes strategic investment in StoreDot
Volvo Cars, through Volvo Cars Tech Fund has made a strategic investment in Israel-based StoreDot, which is working on extreme fast charging technologies for electric vehicles. Meir Halberstam, CFO, StoreDot said “We are moving closer to the mass production of our batteries and this investment from Volvo Cars Tech Fund is yet another huge vote… Continue reading Volvo Cars Tech makes strategic investment in StoreDot
German Handelsblatt: Electromobility: Luxury at a higher level: Mercedes presents all-electric luxury class SUV004151
Ist die Plattform erst einmal fertig entwickelt, geht es Schlag auf Schlag. Bestens abzulesen ist dies am Mercedes EQS und EQE. Beide Elektrolimousinen hatten ihre Debüts innerhalb eines Jahres. Und schon in gut sechs Monaten bringen die Schwaben das dritte Modell auf gleicher Architektur auf die Straße, das EQS SUV. Es markiert das Flaggschiff der… Continue reading German Handelsblatt: Electromobility: Luxury at a higher level: Mercedes presents all-electric luxury class SUV004151
This is how the Lookers dealership group has transformed its Manchester headquarters into a collaboration center for employees
April 19, 2022 Posted by: Jorge Platero Category: Faconauto News The new center of the British dealership group has an area of 2,000 square meters that is divided into three floors New ways of working and transformations in customer demand have caused dealership facilities to change according to current needs. We do not let see… Continue reading This is how the Lookers dealership group has transformed its Manchester headquarters into a collaboration center for employees
Chinese EV maker Iconiq to merge with Nasdaq-listed SPAC East Stone
Chinese electric vehicle manufacturer Iconiq Holding Limited (NWTN) has agreed to merge with Nasdaq-listed special purpose acquisition company (SPAC) East Stone Acquisition Corporation, valuing the combined company at $2.5 billion. In a statement, the two companies said the proposed merger has already been approved by both boards and will now be up for approval by… Continue reading Chinese EV maker Iconiq to merge with Nasdaq-listed SPAC East Stone
German Manager Magazin: Car supplier Mahle is looking for a new boss001700
The CEO of the automotive supplier Mahle, Matthias Arleth, is leaving the company on April 30. Mahle announced on Friday that the “amicable termination of the cooperation” was due to different views on the future strategic orientation of the group. Until the Supervisory Board decides on a successor, Michael Frick (55), Deputy Chairman of the… Continue reading German Manager Magazin: Car supplier Mahle is looking for a new boss001700
The Station: Jeep’s road to EVs, Musk’s great big distraction and a last call for mobility founders
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. Hello readers: Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. I… Continue reading The Station: Jeep’s road to EVs, Musk’s great big distraction and a last call for mobility founders
Indian bike taxi startup Rapido raises $180m funding led by Swiggy …
Bengaluru-based bike taxi startup Rapido has raised $180 million in its Series D funding round led by food delivery giant Swiggy, per an announcement on Friday. The round also saw investment from two-wheeler maker TVS Motor Company, along with existing investors, Westbridge, Shell Ventures, and Nexus Ventures, the company said in a statement. The funds… Continue reading Indian bike taxi startup Rapido raises $180m funding led by Swiggy …