Nissan aims to sell 1 million electrified vehicles a year by FY2022

Nissan aims to sell 1 million electrified vehicles a year by FY2022 Nissan M.O.V.E to 2022 midterm plan targets technology evolution with electric vehicle leadership, autonomous driving expansion and the delivery of mobility services   YOKOHAMA, Japan – Nissan Motor Co., Ltd. today unveiled plans to launch growing numbers of electrified vehicles, expand and evolve… Continue reading Nissan aims to sell 1 million electrified vehicles a year by FY2022

Pagani Huayra successor to offer electric & manual option – report

The founder of ultra-desirable supercar manufacturer Pagani has revealed details, via an Italian report, about two upcoming vehicles that should have purists and electric car enthusiasts alike very excited indeed. Horacio Pagani started his company 20 years ago, with the debut of the gorgeous Zonda – a car which was still produced as late as… Continue reading Pagani Huayra successor to offer electric & manual option – report

DongFeng Motor Group and Groupe PSA Establishes a Leasing Joint Venture to Address the Automotive Market in China

WUHAN, China–(BUSINESS WIRE)–Regulatory News: Groupe PSA (Paris:UG): On March 23rd, 2018, DongFeng Motor Group (DFG), Banque PSA Finance (BPF, the captive financing and mobility services provider of Groupe PSA) and DongFeng Peugeot Citroën Automobiles (DPCA), signed a joint venture (JV) agreement aiming to create a financial leasing joint venture to offer especially long term leasing… Continue reading DongFeng Motor Group and Groupe PSA Establishes a Leasing Joint Venture to Address the Automotive Market in China

Daimler launches new DENZA electric vehicle for the Chinese market

Daimler and its Chinese partner BYD continuously invest in DENZA product development for China’s New Energy Vehicle (NEV) market New DENZA electric vehicle brings a refreshed exterior design and extended range of around 500 kilometers Locally sourced and produced, DENZA brand combines Daimler’s vehicle architecture expertise with BYD’s leading battery technology Stuttgart / Shenzhen –… Continue reading Daimler launches new DENZA electric vehicle for the Chinese market

Uber CEO says there will be no more global exit deals

Uber has exited three global markets by selling to rivals, but enough is enough after its deal with Grab so says CEO Dara Khosrowshahi. Following today’s announcement with Grab which sees Uber leave Southeast Asia hot on the heels of exits in China (2016) and Russia (2017), Khosrowshahi told employees that there will be no more repeats… Continue reading Uber CEO says there will be no more global exit deals

Peugeot boss: ‘We can hit CO2 goals without dedicated EVs’

Peugeot, the PSA Group’s most successful brand, grew its sales significantly by 10.4% last year. In stark contrast to the performances of siblings Citroën and DS, whose sales declined 7.5% and 38.5% respectively, Peugeot sold 2,119,845 cars across the 12 months. That’s more than two-thirds of PSA’s total. Buoyed by this strong performance, Peugeot chief… Continue reading Peugeot boss: ‘We can hit CO2 goals without dedicated EVs’

Nissan, Sumitomo Corp. and 4R set up plant to recycle electric-car batteries

The factory will be Japan’s first specializing in the reuse and recycling of used lithium-ion batteries from electric vehicles NAMIE, Japan (March 26, 2018) – Japan’s first plant specializing in the reuse and recycling of lithium-ion batteries from electric vehicles is set to open amid growing demand for electric cars. The new factory, in the… Continue reading Nissan, Sumitomo Corp. and 4R set up plant to recycle electric-car batteries

Grab Merges with Uber in Southeast Asia

– Largest-ever deal of its kind in Southeast Asia – Grab to embark on next phase of growth to build Southeast Asia’s leading online-to-offline (O2O) mobile platform – To expand GrabFood towards becoming the region’s #1 provider of food delivery services SINGAPORE and SAN FRANCISCO, March 25, 2018 /PRNewswire/ — Grab today announced that it… Continue reading Grab Merges with Uber in Southeast Asia

Uber has agreed to sell its Southeast Asia business to rival Grab

After weeks of speculation, Uber has concluded a deal that will see it sell its business in Southeast Asia to local rival Grab. The company plans to announce the agreement this coming week and potentially as soon as Monday, two sources have confirmed to TechCrunch. Full details of the arrangement aren’t fully clear at this point, but… Continue reading Uber has agreed to sell its Southeast Asia business to rival Grab

Krafcik Says Waymo Tech `Robust Enough’ to Avoid Uber Crash

Waymo Chief Executive Officer John Krafcik said his company’s self-driving software would likely have avoided the pedestrian death in which an Uber autonomous car was involved. “We have a lot of confidence that our technology would be robust and would be able to handle situations like that one,” Krafcik said on Saturday in his first public… Continue reading Krafcik Says Waymo Tech `Robust Enough’ to Avoid Uber Crash