By Joseph White 1 Min Read FILE PHOTO: Oliver Zipse, CEO of German luxury carmaker BMW poses with a mask after BMW donated protection masks and gloves to the Federal Agency for Technical Relief (THW), as the spread of the coronavirus disease (COVID-19) continues in Munich, Germany, April 8, 2020. REUTERS/Andreas Gebert DETROIT (Reuters) –… Continue reading BMW CEO says he is weighing options for mobility JV with Daimler
Tag: Mobility
ALYI Finance Partner RevoltTOKEN $100 Million ICO Update Scheduled Friday
DALLAS, Nov. 11, 2020 /PRNewswire/ — Alternet Systems, Inc. (USOTC: ALYI) today confirmed the company’s financing partner RevoltTOKEN continues to execute necessary steps required to launch its Initial Cryptocurrency Offering (ICO). An update from RevoltTOKEN is planned for Friday this week. ALYI management expects November and December to be exceptionally active for the company after… Continue reading ALYI Finance Partner RevoltTOKEN $100 Million ICO Update Scheduled Friday
REE forms strategic partnership with Iochpe-Maxion to develop and manufacture exclusive wheel and chassis designs for its modular EV platform
The revolutionary REEcorner integrates all drivetrain, powertrain, suspension and steering components into the arch of the wheel, enabling the REEboard, a completely flat and modular electric chassis. The REE platform provides customers full design freedom to create the broadest range of EV and autonomous vehicles. By incorporating Maxion’s vast wheel and chassis design and advanced… Continue reading REE forms strategic partnership with Iochpe-Maxion to develop and manufacture exclusive wheel and chassis designs for its modular EV platform
Continental AG announces new outlook for fiscal 2020
Having withdrawn the previous outlook for fiscal 2020 that was valid until April 1, 2020 due to the uncertain consequences of the COVID-19 pandemic, the Executive Board from Continental AG now sees itself in a position to provide an outlook for fiscal 2020. This outlook is conditional upon the following assumptions: The exchange rates in the fourth quarter of 2020 do not materially differ to those as of September 30,… Continue reading Continental AG announces new outlook for fiscal 2020
@Honda: Honda Receives Type Designation for Level 3 Automated Driving in Japan
TOKYO, Japan, November 11, 2020 – Honda Motor Co., Ltd. today announced that it has received the required type designation for Level 3*1 automated driving from the Japanese Ministry of Land, Infrastructure, Transport and Tourism (MLIT). This approval enables the automated driving system to drive the vehicle instead of the driver under certain conditions, such… Continue reading @Honda: Honda Receives Type Designation for Level 3 Automated Driving in Japan
Lyft: Lyft Announces Third Quarter Results
Results reflect ongoing recovery, with third quarter revenue up 47% quarter-over-quarterEnded quarter with $2.5 billion of unrestricted cash, cash equivalents and short-term investments SAN FRANCISCO, Nov. 10, 2020 (GLOBE NEWSWIRE) — Lyft, Inc. (Nasdaq:LYFT) today announced financial results for its third quarter ended September 30, 2020. “Lyft’s third quarter results reflect our focused execution and… Continue reading Lyft: Lyft Announces Third Quarter Results
Ford announces key investments in plants to build EVs like the new E-Transit van
Ford Motor Co. said Tuesday it will invest $100 million in its Kansas City Assembly Plant and add 150 jobs there to build the new E-Transit van, which the company will reveal later this week. The automaker is also investing $850 million total in its River Rouge Complex in Dearborn and Van Dyke Transmission Plant in Sterling Heights that will result in… Continue reading Ford announces key investments in plants to build EVs like the new E-Transit van
@Ford: Playing It Safe. There Is No Other Way to Launch Self-Driving Cars
By Scott Griffith, CEO, Ford Autonomous Vehicles LLC and Mobility Businesses A Ford self-driving test vehicle stops to allow pedestrians to pass. Over the last several decades, Ford and the rest of the auto industry have spent a vast amount of resources developing robust, comprehensive processes to ensure we design and deploy safe vehicles, because we… Continue reading @Ford: Playing It Safe. There Is No Other Way to Launch Self-Driving Cars
Uber and Lyft Drivers in California Will Remain Contractors
[President-elect Joe Biden’s victory prompts spontaneous celebrations.] OAKLAND, Calif. — Drivers and other workers for so-called gig economy companies in California will not become their employees. California voters carried Uber and Lyft to victory, overwhelmingly approving Proposition 22, a ballot measure that allows gig economy companies to continue treating drivers as independent contractors. Uber, Lyft… Continue reading Uber and Lyft Drivers in California Will Remain Contractors
Walmart, Cruise form pilot for grocery delivery
Detroit — Walmart and Cruise LLC are starting a pilot program early next year for customers to have their groceries delivered by one of Cruise’s all-electric self-driving cars, Walmart said in a Tuesday blog post. The pilot, which will start in Scottsdale, Arizona, is beginning after Walmart saw an increase in delivery services usage during the pandemic. The major… Continue reading Walmart, Cruise form pilot for grocery delivery