Bobby Yip/Reuters Moody’s cut Tesla’s corporate rating one notch to B3. The rating agency cited the “significant shortfall” in the production rate of its Model 3 sedan as reason for the downgrade. Moody’s warned it could downgrade Tesla further if it falls behind on production targets. (IFR) – Tesla saw its bonds and stocks fall… Continue reading Tesla gets downgraded at Moody’s (TSLA)
Tag: Mobility
Uber Middle-East rival Careem in early talks to raise $500m in fresh funding
March 28, 2018 Middle East ride-hailing app Careem is in early talks to raise as much as $500 million in new funds from investors, sources told Reuters. Careem, Uber’s rival in the region, is checking the appetite of potential investors and hopes to secure its targeted $500 million in a new funding series, three sources… Continue reading Uber Middle-East rival Careem in early talks to raise $500m in fresh funding
Nissan to begin Datsun production in Pakistan
Agreement will create more than 1,800 jobs; partner will invest 4.5 billion PKR over 4 years KARACHI, Pakistan (March 28, 2018) – Nissan Motor Co., Ltd. is entering the Pakistan market through a manufacturing and licensing agreement with automotive partner Ghandhara Nissan Ltd. for local production of Datsun models. The agreement also covers distribution, providing… Continue reading Nissan to begin Datsun production in Pakistan
(2nd LD) Hyundai Motor to streamline governance structure
(ATTN: ADDS details throughout) SEOUL, March 28 (Yonhap) — Hyundai Motor Group, South Korea’s biggest automotive conglomerate, said Wednesday it will streamline its overall governance structure through business spinoffs and mergers between related businesses. The business group said it is planning to spin off the module manufacturing and after-sales parts business of auto parts maker… Continue reading (2nd LD) Hyundai Motor to streamline governance structure
Jaguar I-Pace: Waymo drives 20,000 electriccats autonomously
Waymos Jaguar I-Pace (Picture: Jaguar) Waymo, a subsidiary of the Google parent company Alphabet, wants to carry out its autonomous driving services in future with electric cars and has selected the Jaguar I-Pace. Up to 20,000 pieces are to be used for the driving service. Waymo and Jaguar have introduced new, autonomous and all-electric vehicles.… Continue reading Jaguar I-Pace: Waymo drives 20,000 electriccats autonomously
Marvell partners Nvidia to provide OEMs with secure autonomous platform
Marvell’s automotive Ethernet switch integration in Nvidia Drive Pegasus Platform for Level 5 autonomy. US-based storage technology company, Marvell has announced that its 88Q5050 secure automotive Ethernet switch is integrated into the Nvidia’s ‘Drive Pegasus’ platform for autonomous vehicles, which it claims is the first commercially available solution with embedded security built into the core.… Continue reading Marvell partners Nvidia to provide OEMs with secure autonomous platform
DENSO brings Advanced Automotive Technology R&D to Israel
KARIYA (Japan) ― DENSO Corporation today unveiled its newest innovative satellite R&D team in Israel, accelerating advanced technologies like automated driving, cybersecurity, and AI. Starting in April, DENSO’s R&D satellite will begin collaborating with local startups to pioneer new technologies. This is the newest satellite in DENSO’s global R&D network located in key regions. DENSO… Continue reading DENSO brings Advanced Automotive Technology R&D to Israel
Uber gives up autonomous vehicle testing rights in Calif
DETROIT:Uber has decided to stop testing autonomous vehicles on California public roads by letting its state permit expire on Saturday without renewing it. If the ride-hailing service wants to return to the state, it will have to get a new permit and address any investigations into a crash involving one of its autonomous test SUVs… Continue reading Uber gives up autonomous vehicle testing rights in Calif
Cepton launches the new cost-effective VISTA lidar
A new low-power, long-range, high-resolution, and small-size lidar sensor is in the works by Cepton Technologies: the Vista lidar. Since its inception in 2016, Cepton has been working on providing low-cost & high-performance solutions for automotive, industrial, and mapping applications. Last year, the company showed its intent to be the only company in the industry… Continue reading Cepton launches the new cost-effective VISTA lidar
Uber won’t renew its permit to test self-driving cars in California
Uber will not renew its permit to test autonomous vehicles on public roads in California — further evidence that the company is pulling back from its aggressive plans to launch a self-driving service in the wake of a fatal crash in Arizona which resulted in the death of a pedestrian. In a letter, the California… Continue reading Uber won’t renew its permit to test self-driving cars in California