Tag: Nissan

Hyundai India to shut plant for 5 days, Renault-Nissan workers likely to go on strike

Amidst the growing Covid crisis in Tamil Nadu, Hyundai Motor India and Renault- Nissan India are facing temporary factory closures in Chennai due to unrest amongst the workforce. While the state government has allowed automakers to continue manufacturing following safety protocols, according to the workers it is understood the OEMs do not meet Covid-related safety norms. In… Continue reading Hyundai India to shut plant for 5 days, Renault-Nissan workers likely to go on strike

Ford and Toyota top self-driving technology league table

TOKYO — Leading carmakers such as Ford Motor and Toyota Motor are catching up with tech giants in the global race to develop self-driving technology as indicated by new patent data. The two companies claimed the top two positions on a list of most competitive firms in terms of patents related to autonomous driving technology.… Continue reading Ford and Toyota top self-driving technology league table

Fisker says it’s going to make an electric popemobile – pope or nope?

We now have the answer to the question: “Who on earth is going to buy the new Fisker electric car?” The answer: Pope Francis. Is it pope or dope? Henrik Fisker is a controversial figure in the electric vehicle community. While he is undeniably a prolific designer, he has had a contentious body of work… Continue reading Fisker says it’s going to make an electric popemobile – pope or nope?

Carlos Ghosn ordered to repay £4.3m to Nissan and Mitsubishi

Carlos Ghosn, the fugitive automotive executive, has been ordered to repay £4.3m to Nissan and Mitsubishi by a Dutch court after he failed in the first step in a legal claim. Ghosn led the Japanese carmaker Nissan and France’s Renault in an alliance, before falling from grace spectacularly. At the end of 2018 he was… Continue reading Carlos Ghosn ordered to repay £4.3m to Nissan and Mitsubishi

Waymo Eyes Raising Up to $4 Billion as Leaders’ Exits Sow Doubts

(Bloomberg) — Waymo is talking to outside investors about raising as much as $4 billion in additional capital to fuel its self-driving efforts. And the company has discussed plans to eventually list publicly, spinning out from its parent Alphabet Inc., according to people familiar with the plans. But Waymo must first quell concerns about a… Continue reading Waymo Eyes Raising Up to $4 Billion as Leaders’ Exits Sow Doubts

Jaguar Land Rover makes £860m loss after strategy rethink

Jaguar Land Rover made a loss of £860m for its full financial year after its new boss wrote off £1.5bn in a strategy rethink, despite a recovery in sales since the slump at the start of the coronavirus pandemic. JLR would have made a £660m profit in the year to 31 March if not for… Continue reading Jaguar Land Rover makes £860m loss after strategy rethink

Japanese satellite firm Axelspace raises $24m in Series C funding

Axelspace, one of Japan’s pioneers in microsatellite technology, announced raising $24 million in a Series C funding round from a slew of local venture investors. Sparx Innovation participated in the funding round through The Space Frontier Fund while Sumitomo Mitsui Trust Investment Co joined via its Japan Co-Invest III Limited Partnership. Japan Post Investment Group,… Continue reading Japanese satellite firm Axelspace raises $24m in Series C funding

Autonomous startup WeRide raises new funds, at $3.3b valuation …

WeRide, an autonomous driving startup backed by Nissan, Renault and Mitsubishi, said on Thursday that it has raised hundreds of millions of dollars valuing the company at $3.3 billion. WeRide, which is testing vehicles in California, China’s southern city of Guangzhou and central city of Zhengzhou, did not disclose details on the size of the… Continue reading Autonomous startup WeRide raises new funds, at $3.3b valuation …

Waymo to lose its CFO and head of automotive partnerships

Waymo’s chief financial officer Ger Dwyer and its head of automotive partnerships and corporate development Adam Frost — two longtime executives at the autonomous vehicle company — are leaving this month, departures that comes amid some executive shuffling following CEO John Krafcik’s exit earlier this year. Dwyer and Frost’s departure was shared internally this week,… Continue reading Waymo to lose its CFO and head of automotive partnerships