Daimler’s Supervisory Board gives its full backing to business plan 2021-2025

STUTTGART, Germany, Dec. 3, 2020 /PRNewswire/ —  Daimler to accelerate the transformation towards electrification and digitization Investment plan of more than €70 billion confirmed Board of Management and General Works Council launch a new transformation fund with a value of €1 billion The Supervisory Board of Daimler AG has given its full backing to the… Continue reading Daimler’s Supervisory Board gives its full backing to business plan 2021-2025

Grab tells staff it’s ‘in a position to acquire’ after Gojek merger report

By Chen Lin, Anshuman Daga 2 Min Read SINGAPORE (Reuters) – The CEO of Singapore-based Grab told employees in an internal note on Thursday that the company is well placed to make acquisitions, after a report it is close to a merger with regional rival Gojek. FILE PHOTO: A Grab logo is pictured at the… Continue reading Grab tells staff it’s ‘in a position to acquire’ after Gojek merger report

@niche: Solar Mobility Provider Sono Motors and Team Rosberg Engineering (TRE) Partner on Development of Chassis for Solar-Electric Car Sion000340

The novel cooperation includes the development, simulation, and production of a suspension and chassis system for Sono Motors’ electric car Sion. The chassis system is integrated into Sono Motors’ new prototype for the first time. Munich, December 3, 2020 – Solar mobility provider Sono Motors has announced its cooperation with Team Rosberg Engineering (TRE) for… Continue reading @niche: Solar Mobility Provider Sono Motors and Team Rosberg Engineering (TRE) Partner on Development of Chassis for Solar-Electric Car Sion000340

AutoX becomes China’s first to remove safety drivers from robotaxis

Residents of Shenzhen will see truly driverless cars on the road starting Thursday. AutoX, a four-year-old startup backed by Alibaba, MediaTek and Shanghai Motors, is deploying a fleet of 25 unmanned vehicles in downtown Shenzhen, marking the first time any autonomous driving car in China tests without safety drivers or remote operators on public roads.… Continue reading AutoX becomes China’s first to remove safety drivers from robotaxis

Europcar Announces Financial Restructuring Plan

The agreement was made with private equity firm Eurazeo and holders of the agency’s 2024 and 2026 senior notes. Photo via Depositphotos. Europcar’s creditors have agreed to decrease the car rental company’s debts by 1.1 billion euros ($1.33 billion) in exchange for shares and control of the company, Europcar announced.  The agreement was made with private equity… Continue reading Europcar Announces Financial Restructuring Plan

@BMW: Tap into your MINI with the new app generation for customers and fans.000793

Munich. By means of a built-in 4G-SIM Card and the MINI Connected App, MINI has been offering its customers a seamless connection between smartphone and vehicle since 2018. As of today, a new app generation is available for customers in 30 European markets and Korea: The MINI App comes in a new design, with intuitive… Continue reading @BMW: Tap into your MINI with the new app generation for customers and fans.000793

Uber in advanced talks to sell air taxi unit Uber Elevate to Joby Aviation

Uber Technologies is in advanced talks to sell its air taxi business, “Uber Elevate”, to aerospace firm Joby Aviation, news website Axios reported on Wednesday, citing sources. Uber did not immediately respond to a Reuters request for comment. Its shares rose over 6% following the news. Hyundai Motor Co, which in January announced a partnership… Continue reading Uber in advanced talks to sell air taxi unit Uber Elevate to Joby Aviation

Alibaba-backed autonomous car firm AutoX starts driverless testing

By Yilei Sun, Brenda Goh 2 Min Read FILE PHOTO: A sign of Alibaba-backed autonomous driving startup AutoX is seen on a modified Chrysler Pacifica minivan in Shenzhen, Guangdong province, China October 31, 2020. REUTERS/Yilei Sun BEIJING/SHANGHAI (Reuters) – Chinese autonomous vehicle startup AutoX, backed by Alibaba Group Holding Ltd, said on Thursday it has… Continue reading Alibaba-backed autonomous car firm AutoX starts driverless testing

@VW Group: Audi increases budget for electromobility up to 2025

With its investment planning for the next five years, AUDI AG is pushing ahead its transformation to a provider of networked and sustainable premium mobility: with a total amount of approximately € 35 billion, investments remain at a high level, especially for future vehicle projects, in spite of a difficult business environment. Some € 17… Continue reading @VW Group: Audi increases budget for electromobility up to 2025

Uber in advanced talks to sell air taxi unit: Axios

By Reuters Staff 1 Min Read FILE PHOTO: An Uber logo is shown on a rideshare vehicle during a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers “basic employee rights”, in Los Angeles, California, U.S., August 20, 2020. REUTERS/Mike Blake (Reuters) – Uber Technologies is… Continue reading Uber in advanced talks to sell air taxi unit: Axios