FILE PHOTO: A screen displays the company logo for Uber Technologies Inc on the day of its IPO at the New York Stock Exchange (NYSE) in New York, U.S., May 10, 2019. REUTERS/Brendan McDermid/File Photo PARIS (Reuters) – France’s top court has recognized the right of an Uber (UBER.N) driver to be considered an employee,… Continue reading Top French court deals blow to Uber by giving driver ’employee’ status
Tag: Mobility
Lyft posted record sales last week, and coronavirus might be the key driver
REUTERS/Mike Blake Lyft racked up record sales and customer journeys in the same week that coronavirus fears sparked a massive stock-market selloff. “Last week was our single biggest week in our history in terms of both revenue and rides,” Lyft finance chief Brian Roberts said. Commuters, shoppers, and others may be springing for Lyft rides… Continue reading Lyft posted record sales last week, and coronavirus might be the key driver
@Hyundai: Hyundai Motor Unveils “Prophecy” Concept EV
New concept EV takes Sensuous Sportiness design philosophy to the next level Concept EV expands Hyundai’s concept of Optimistic Futurism with the aim of forging an emotional connection between humans and automobiles 3 March 2020 – Hyundai Motor Company unveiled its new concept EV, “Prophecy”, expressing the company’s latest design language. The visionary concept clearly… Continue reading @Hyundai: Hyundai Motor Unveils “Prophecy” Concept EV
@Hyundai: Hyundai to start production of Kona Electric in the Czech Republic
Hyundai will start producing the Kona Electric at its Czech manufacturing plant, Hyundai Motor Manufacturing Czech (HMMC), in March 2020 The plant plans to produce 30,000 electric vehicles in the first year By producing the fully-electric compact SUV in Europe, Hyundai is demonstrating its commitment to the European market Hyundai to become the biggest provider… Continue reading @Hyundai: Hyundai to start production of Kona Electric in the Czech Republic
Car maker: Daimler board member Harald Wilhelm cleans up in the finance department
Harald Wilhelm Munich Before moving to Daimler hurried in April 2019 CFO Harald Wilhelm the call of a cleaner is already ahead. Finally, the 53-year-old stopped as CFO of airbus dubious payments; In the affair about the use of middlemen in the sale of jets, he once made a voluntary declaration to the corruption agency… Continue reading Car maker: Daimler board member Harald Wilhelm cleans up in the finance department
Bolt Closes $30M Series A Funding Round
Bolt Mobility, a Miami, Florida-based company dedicated to innovating transportation by providing safe and sustainable solutions, closed a Series A funding round bringing total investment to $30m at a $100m valuation. The round was led by Rokk3r Fuel ExO. The company intends to use the funds to both scale and bring its transport solutions globally.… Continue reading Bolt Closes $30M Series A Funding Round
Alphabet’s Waymo raises US$2.25b for driverless cars
WAYMO raised US$2.25 billion from a slate of private equity investors, venture capitalists and automotive companies, the first time Alphabet Inc’s autonomous vehicle unit has taken outside funds.Silver Lake Management LLC, a private equity firm, led the round, which also includes vehicle manufacturer Magna International Inc, car seller AutoNation Inc, Abu Dhabi’s Mubadala Investment Co and the Canada Pension Plan Investment Board.Alphabet’s “other bets” division, which includes Waymo, has absorbed billions of dollars in losses in recent years.
@Daimler: 04. Mar 2020Management changes at Investor Relations and Daimler Greater China
March 04, 2020 – Daimler has appointed Steffen Hoffmann and Olaf Schick for two top positions in the finance department. After 11 years at the helm of Daimler AG’s Investor Relations department, Björn Scheib will hand over responsibility to his successor Steffen Hoffmann on April 1, 2020. Scheib has decided to continue his professional development… Continue reading @Daimler: 04. Mar 2020Management changes at Investor Relations and Daimler Greater China
Equipmake, HiETA collaborate for low-cost lightweight efficient electric motor
Grant-funded by Innovate UK, Equipmake, HiETA collaborate for low-cost lightweight electric motor. The first prototypes are set to be ready in 12 months. Electrification company, Equipmake, and leading additive manufacturing business HiETA are collaborating on an innovative new electric motor. Codenamed AMPERE, the new motor will draw on Equipmake’s expertise in electric motor design and… Continue reading Equipmake, HiETA collaborate for low-cost lightweight efficient electric motor
Five, the self-driving startup, raises $41M and pivots into B2B, away from building its own fleet
We are still years away from a time when fully-autonomous cars will be able to drive us from A to B, and the complexity of getting to that point is likely going to need hundreds of billions of dollars of investment before it becomes a reality. That hard truth is leading to some shifts in… Continue reading Five, the self-driving startup, raises $41M and pivots into B2B, away from building its own fleet