Roughly half a million school buses transport more than 25 million students to and from school each day in the US, where the majority of buses are still state-owned and operated. The cost of transportation has increased rapidly over years, and this results in a public expense of close to $25 billion per year. As… Continue reading Shaping the future of mobility, one child at a time: our investment in Zūm
Tag: Financial Results
Uber will spend $200 million to expand its Uber Freight trucking venture
Uber will invest $200 million and hire thousands of engineers to bolster its two-year-old long-haul trucking venture, Uber Freight, the company announced today. The expanded business will be headquartered in a newly opened office in downtown Chicago where it will house up to 2,000 engineers that Uber plans to hire over the next three years.… Continue reading Uber will spend $200 million to expand its Uber Freight trucking venture
Allison Transmission Acquires Walker Die Casting
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission Holdings Inc. (NYSE: ALSN), the largest global manufacturer of medium- and heavy-duty fully automatic transmissions, announced today that it has acquired the assets and certain liabilities of Walker Die Casting located in Lewisburg, Tennessee and C&R Tool and Engineering located in Muscle Shoals, Alabama. “We are delighted to announce the acquisitions of… Continue reading Allison Transmission Acquires Walker Die Casting
In August, Audi e-tron Sales In U.S. Declined
With less than 600 sales in August, e-tron took just 2.8% of Audi’s total sales volume. Audi reports that in August it delivered 593 e-tron to U.S. customers, which brings the total tally to 3,106 in less than five months. After the initial period, we can already notice the peak of 826 in May (the… Continue reading In August, Audi e-tron Sales In U.S. Declined
Daimler Trucks begins testing automated trucks on public roads
The deployment on public roads takes place after months of extensive testing and safety validation on a closed loop track. As part of the comprehensive safety process by Daimler Trucks and Torc Robotics, both test track and on-road validation play an integral role in establishing the essential building blocks for successfully advancing automated technology. Martin… Continue reading Daimler Trucks begins testing automated trucks on public roads
Eaton’s eMobility Division Inks Another Deal
Global industrial giant Eaton (NYSE: ETN) started a new business in 2018 to take advantage of the shift toward electrification in the vehicle space. If you look at the top-level financial results so far, the eMobility division doesn’t look like it’s having much success. Step back and take a good look, however, and things seem to… Continue reading Eaton’s eMobility Division Inks Another Deal
As UAW contract deadline nears, GM sends letter to plants
General Motors Co. sent a letter to its plants Friday, telling workers the company was moving the contract bargaining process along with the United Auto Workers as quickly as it can, while stressing it needed to “close the competitive gap” to stay successful. The UAW is negotiating first with GM, which was chosen as the target company in… Continue reading As UAW contract deadline nears, GM sends letter to plants
UAW leaders for GM, Ford reassure members that negotiations are progressing
With a little more than a week before contracts with Detroit’s automakers expire, two United Auto Workers vice presidents used letters to reassure local leaders that negotiations are progressing — but stressed the union is prepared to strike. The UAW is negotiating first with General Motors Co., a move that comes as GM is moving to close four U.S. plants. In letters sent… Continue reading UAW leaders for GM, Ford reassure members that negotiations are progressing
No-deal Brexit would ‘destroy the lives of the next generation’ — Peugeot CEO – S&P Global
➤ No-deal Brexit is “lose-lose” for all parties and must be taken off the table, Carlos Tavares says. ➤ The CEO backs moving to zero-emission transport and is enthusiastic about electric powertrains but says the policy framework leaves electric vehicles unappealing and unaffordable for many. ➤ More stringent CO2-cutting rules for small cars are counterproductive… Continue reading No-deal Brexit would ‘destroy the lives of the next generation’ — Peugeot CEO – S&P Global
Neolix: Creating a New Vehicle Species for the Intelligent Age
September 6, 2019 Interview with Zeng Wenda, Senior Architect of Automatic Driving at Neolix Neolix’s autonomous delivery vehicles powered by Velodyne lidar sensors Neolix, headquartered in Beijing, China, is among the trailblazers in the autonomous vehicle industry. The company has more than ten years of experience in developing intelligent hardware for the logistics industry, starting… Continue reading Neolix: Creating a New Vehicle Species for the Intelligent Age