DETROIT (Reuters) – The Tesla Inc Model 3 sedan is the most profitable electric car in the automotive industry, according to the head of a top automotive consultant. FILE PHOTO: The front hood logo on a 2018 Tesla Model 3 electric vehicle is shown in this photo illustration taken in Cardiff, California, U.S., June 1,… Continue reading Tesla Model 3 is most profitable electric car -consultant
Tag: Financial Results
Lotus under Geely – what’s the plan?
New CEO Feng Qingfeng was until recently chief technical officer of Geely Auto Group Lotus is something of a curiosity. Like Chrysler, many companies have owned it, only to eventually sell to another firm, usually having sustained substantial losses during the period of control. Will things be different under Geely? The following analysis of the… Continue reading Lotus under Geely – what’s the plan?
Careem and Abaad partner to support El Dar Programme
As an organisation whose mission is to simplify and improve the lives of people, Careem decided 2018 was going to be the year we paid extra close attention to what we were doing for women in our region.
This is why on international women’s day this year, we pledged to bring onboard 20,000 female Captains by 2020. We also launched our internal women@Careem network – a internal program created for and by our female colleagues to network and engage with each other, but most importantly, to raise awareness of and promote an inclusive culture for men and women to learn from each other.
Staying true to this, last Christmas, we ran a “HOHOHO” promocode campaign which enabled users to collect five percent of their rides using the HOHOHO promocode. After one month, the top users with the most donations, were allowed to pick the NGO all proceeds would be donated to. The winning NGO was ABAAD – a non-profit organisation founded in June 2011 which fought for violence against women.
The campaign..
UPDATE 1-Ford agrees to $299.1 mln U.S. Takata air bag settlement
WASHINGTON (Reuters) – Ford Motor Co (F.N) agreed to a so-called economic loss settlement of $299.1 million covering at least 6 million U.S. vehicles with potentially faulty Takata air bag inflators, court documents filed in a federal court in Miami on Monday show. The Ford logo is pictured on the company’s stand during the 88th… Continue reading UPDATE 1-Ford agrees to $299.1 mln U.S. Takata air bag settlement
Ford agrees to $299.1 mln U.S. Takata ‘economic loss’ settlement
WASHINGTON (Reuters) – Ford Motor Co (F.N) agreed to a $299.1 million so-called economic loss settlement covering at least 6 million U.S. vehicles with potentially faulty Takata air bag inflators, court documents filed in a federal court in Miami on Monday show. The Ford logo is pictured on the company’s stand during the 88th Geneva… Continue reading Ford agrees to $299.1 mln U.S. Takata ‘economic loss’ settlement
Adaptive speed systems could minimize congestion | Ford & Vanderbilt
In cooperation between the manufacturer Ford and the Vanderbilt University, a study was carried out on the topic of congestion minimization. In collaboration with Vanderbilt University and ford they saw the onslaught of US Independence Day vehicles on July 4 and decided to investigate. It is concluded that Adaptive Velocity Systems (ACC) could greatly contribute… Continue reading Adaptive speed systems could minimize congestion | Ford & Vanderbilt
BMW can take majority stake in China
Thursday, 07/12/2018 20:20 BMW can in China the majority of the previous joint venture with the local carmaker Brilliance take. The State Council in Peking quoted Prime Minister Li Keqiang on its website with the statement: “That the company BMW takes over in a joint venture in China more than 50 percent of the shares,… Continue reading BMW can take majority stake in China
Nissan Falsifies Exhaust Emission Data in New Issue for Saikawa
Nissan Motor Co. said it will investigate instances of misconduct involving falsified data about exhaust emissions and fuel economy, the second controversy in less than a year for the automaker whose vehicle-inspection scandal had led to the recall of about 1.2 million vehicles. The data falsification, which occurred on 19 models across five plants in… Continue reading Nissan Falsifies Exhaust Emission Data in New Issue for Saikawa
Tesla to build factory in Shanghai
Electric carmaker Tesla has signed an agreement with Chinese authorities to build a factory in Shanghai. The “Gigafactory” would be Tesla’s first outside of the US. It intends to be producing 500,000 vehicles within five years of construction, which is due to start in the “near future”, the company said in a statement. The move… Continue reading Tesla to build factory in Shanghai
Analyst Gushes About Upside for General Motors Company (GM) Self-Driving Division
General Motors Company (NYSE:GM) is reportedly considering a spinoff for its self-driving business unit. According to one analyst, self-driving car company Cruise could be worth a staggering valuation. Business Insider has the scoop on GM’s potential goldmine. Cruise, the self-driving car company bought by General Motors in 2016, could be worth a whopping $43 billion, RBC… Continue reading Analyst Gushes About Upside for General Motors Company (GM) Self-Driving Division