Electric ‘flying taxi’ prototype unveiled by German start-up

Aeronautics Lilium says electric jet-powered five-seater aircraft could be in service by 2025 Play Video 0:29 Watch the ‘world’s first all-electric five-seater air taxi’ take off – video A new “flying taxi” has been unveiled by German start-up Lilium, which claims the vertical take-off craft could be the basis for an on-demand air service within… Continue reading Electric ‘flying taxi’ prototype unveiled by German start-up

Statement by Harald Krüger, Chairman of the Board of Management of BMW AG, 99th Annual General Meeting of BMW AG in Munich on 16 May 2019

Maintaining our stance. Leading the way. Taking responsibility. To all our shareholders, Here in the Olympic Hall and those watching online, a very warm welcome! I would also like to welcome our associates and all our other guests. This is our 99th Annual General Meeting – an impressive number! We have had our ups and… Continue reading Statement by Harald Krüger, Chairman of the Board of Management of BMW AG, 99th Annual General Meeting of BMW AG in Munich on 16 May 2019

Inspire rather than prescribe: BMW Group believes in technology openness for e-mobility

Munich. The BMW Group, a pioneer in electromobility, is rapidly expanding its range of electrified vehicles. Within two years, the company will offer five fully-electric series-production vehicles: Alongside the BMW i3, with more than 150,000 units built to date, this year will see the start of production of the fully electric MINI at Plant Oxford… Continue reading Inspire rather than prescribe: BMW Group believes in technology openness for e-mobility

On the radar: Nissan stays cool on lidar tech, siding with Tesla

YOKOHAMA (Reuters) – Nissan Motor Co Ltd said on Thursday it would, for now, stick to self-driving technology which uses radar sensors and cameras, avoiding lidar or light-based sensors because of their high cost and limited capabilities. FILE PHOTO: A Nissan logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March… Continue reading On the radar: Nissan stays cool on lidar tech, siding with Tesla

A Proven Method: DRIVE Constellation Now Supports CarSim Vehicle Model

NVIDIA’s simulation tools for testing autonomous cars in the virtual world now offer more models for validation. Two key simulation companies — Mechanical Simulation, creator of CarSim and TruckSim, and IPG — are integrating their high-fidelity vehicle models into the NVIDIA DRIVE Constellation platform. This means that every aspect of driving — from how long… Continue reading A Proven Method: DRIVE Constellation Now Supports CarSim Vehicle Model

Electric Vehicle Approved scheme to recognise dealers

A new scheme has been launched to recognise dealerships skilled at selling and servicing electric vehicles. The Electric Vehicle Approved scheme will encourage car dealers to develop their expertise in servicing electric vehicles, as the country continues to move towards a zero-emission future backed by the government’s comprehensive £1.5 billion Road to zero strategy. The… Continue reading Electric Vehicle Approved scheme to recognise dealers

Electric car, the alarm of the unions: “At risk the only existing chain in the Turin area and 46 jobs”

“A further mockery for Turin and Piedmont – continues Chiarle – that would not be able to retain the only car series manufacturer in the territory, in addition to FCA. For years, the FIM has asked that the institutions and the policy take charge of a project in support of the electrical supply chain which… Continue reading Electric car, the alarm of the unions: “At risk the only existing chain in the Turin area and 46 jobs”

Labor Board Classifies Uber Drivers as Contractors

According to the memo from the board’s general counsel, since Uber drivers are contract workers, they are not entitled to federal protections, like the ability to form unions.  Photo via Uber. The National Labor Board issued a memo yesterday, officially classifying Uber drivers as contract workers, not employees. According to the memo from the board’s general counsel, which… Continue reading Labor Board Classifies Uber Drivers as Contractors

What Uber and Lyft’s investment bankers got right

Startup CEOs heading to the public markets have a love/hate relationship with their investment bankers. On one hand, they are helpful in introducing a company to a wide range of asset managers who will hopefully hold their company’s stock for the long term, reducing price volatility and by extension, employee churn. On the other hand,… Continue reading What Uber and Lyft’s investment bankers got right

India’s ride-hailing firm Ola is now in the credit card business, too

A day after India’s largest wallet app Paytm entered the credit cards business, local ride-hailing giant is following suit. Ola has inked a deal with state-run SBI bank and Visa to issue as many as 10 million credit cards in next three and a half years, it said today. The move will help Visa and… Continue reading India’s ride-hailing firm Ola is now in the credit card business, too