Tesla TKed Wall Street’s expectations. Xinhua/Ding Ting via Getty Images The rise in popularity of Chinese electric vehicle brands like BYD, Nio, and XPeng represent a growing threat to Tesla’s dominance, UBS said in a note on Tuesday. The bank reduced its Tesla price target by 10% to $660 from $730, representing a potential decline… Continue reading Tesla stock slips as UBS slashes its price target by 10%, citing slowing demand in China (TSLA)
Tag: Mobility
@GM: Building on Ambitious EV Strategy, General Motors Calls for ‘Equitable Climate Action’ and Launches New Fund Aimed at Advancing Climate Equity …
Building on Ambitious EV Strategy, General Motors Calls for ‘Equitable Climate Action’ and Launches New Fund Aimed at Advancing Climate Equity ASPEN, Colo., June 29, 2021 /PRNewswire/ — New $25 million climate-equity-focused philanthropic fund to complement GM’s $35 billion investment in EV and AV programs globally through 2025 GM Chair and CEO Mary Barra reinforces the… Continue reading @GM: Building on Ambitious EV Strategy, General Motors Calls for ‘Equitable Climate Action’ and Launches New Fund Aimed at Advancing Climate Equity …
Rimac Automobili founder Mate Rimac shares lessons from bootstrapping an EV company
‘We had situations where I can’t even start to explain what we survived’ Kirsten Korosec 7 hours Mate Rimac’s founder story has the makings of automotive folklore. He started Rimac Automobili in his garage in 2009 as a literal one-person operation that has grown to a company with more than 1,000 employees, supply contracts with… Continue reading Rimac Automobili founder Mate Rimac shares lessons from bootstrapping an EV company
Full throttle needed for UK automotive success
‘Full Throttle: Driving UK Automotive Competitiveness’ explains how government can deliver manufacturing competitiveness in the transition to net-zero and help ‘level-up’. Sector calls for a ‘Build Back Better Fund’, 60 GWh of gigafactory capacity and 2.3 million charge points by 2030. Industry has potential to gain 40,000 jobs this decade but, if left stranded, risks… Continue reading Full throttle needed for UK automotive success
AWS and Otonomo Accelerate Vehicle Data-based Innovation with Connected Car Data Collaboration
HERZLIYA, ISRAEL, June 29, 2021 (GLOBE NEWSWIRE) — Otonomo Technologies Ltd. (Otonomo), provider of a pioneering platform and marketplace for vehicle data, today announced it will utilize Amazon Web Services (AWS) to accelerate vehicle data-based innovation. By integrating Otonomo’s Vehicle Data Platform with AWS’s Connected Mobility Solution, AWS customers in the automotive sector and beyond… Continue reading AWS and Otonomo Accelerate Vehicle Data-based Innovation with Connected Car Data Collaboration
Dana Incorporated Announces Leadership Change for its Light Vehicle Drive Systems Business
MAUMEE, Ohio, June 28, 2021 /PRNewswire/ — Dana Incorporated (NYSE: DAN) today announced a leadership change for its Light Vehicle Drive Systems business. Byron Foster (PRNewsfoto/Dana Incorporated) Industry veteran Byron Foster, who most recently served as Dana’s senior vice president and chief commercial, marketing, and communications officer, will succeed Bob Pyle as president, Light Vehicle… Continue reading Dana Incorporated Announces Leadership Change for its Light Vehicle Drive Systems Business
Customised connected tech the big differentiator for auto industry
With the global megatrends of ACES (Automated, Connected, Electric, Shared) moving rapidly, the connected vehicle technology has become part of our day-to- day life. Cars today are quite literally ‘computers on wheels’. The technology is evolving and the car manufacturers are also seeing a gradual transition into technology innovation centres, given the demand for more… Continue reading Customised connected tech the big differentiator for auto industry
ZF’s renewed 4 point strategy sees 200 million euro investment for India
German Tier 1 supplier ZF is doubling down its focus in India through a significant investment of around 200 million Euro (Rs 1,653 crore) and strategic consolidation of its business domains with renewed impetus to drive growth over the next decade. Commenting on the strategic imperative for India, Dr. Holger Klein, ZF Member of the… Continue reading ZF’s renewed 4 point strategy sees 200 million euro investment for India
Europcar Rejects Takeover Bid
The rejection of the VW bid comes as car rental companies have experienced a reversal of fortune since the pandemic lows one year ago. Photo courtesy of Europcar. Europcar Mobility Group has rejected a bid for its takeover, according to a statement by the company. “After studying this proposal carefully, the Board of Directors of the… Continue reading Europcar Rejects Takeover Bid
Pininfarina to design Gaussin’s new range of trucks
Gaussin released a teaser image for its new range of trucks designed by Pininfarina. Gaussin has announced that its new range of trucks for road application will be designed by Italian design house Pininfarina. Gaussin trucks have been developed around two major components: a modular ‘skateboard’ and a brand-new cab. The intelligent modular skateboard powered… Continue reading Pininfarina to design Gaussin’s new range of trucks