Bosch says it will continue to expand its presence in China and has opened a new plant for infotainment systems in the eastern Chinese city of Wuhu. Bosch sees good long-term opportunities in the region, especially in the Chinese market. New plant drives connected mobility in ChinaOn a surface area of 18,000sqm, infotainment systems, instrument… Continue reading Bosch opens a new plant for infotainment systems in China
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Tencent-Backed Chinese EV Firm NIO Files Confidentially For US IPO
Chinese electric vehicle company NIO, backed by Tencent Holdings Ltd., has filed confidentially for a planned U.S. initial public offering, according to media reports citing insiders. The Shanghai-based car maker, with a valuation of roughly US$5 billion when it last raised funding seven months ago, has submitted an initial confidential filing with the U.S. Securities… Continue reading Tencent-Backed Chinese EV Firm NIO Files Confidentially For US IPO
Electric cars: Post delivers 200 street scooters to British milkmen
Street scooter of Deutsche Post With the vehicle, Swiss Post has become a leading manufacturer of electric transporters. (Photo: AP) DüsseldorfDie German postal serviceSubsidiary Streetscooter sells for the first time electric van on a large scale to a single customer abroad. The British company Milk & More has ordered 200 of the electric vehicles, said… Continue reading Electric cars: Post delivers 200 street scooters to British milkmen
Mahindra Reaffirms its Commitment to South Africa with the Establishment of Local Assembly Facility
Mahindra Reaffirms its Commitment to South Africa with the Establishment of Local Assembly Facility Durban facility to assemble full Pik Up range enhancing local employment and skills Planned at the Dube Tradeport SEZ Company aims to source up to 40% of value locally Company aspires to leverage SA as base for future African exports Durban,… Continue reading Mahindra Reaffirms its Commitment to South Africa with the Establishment of Local Assembly Facility
Grab launches a food delivery service in Southeast Asia
Fresh from completing its acquisition of Uber’s Southeast Asia business, ride-hailing firm Grab has officially launched its food delivery business — GrabFood — today. The service is already available in beta in a handful of countries, including Thailand, but now it is available in Singapore (Grab HQ) with plans to reach Grab’s core six markets… Continue reading Grab launches a food delivery service in Southeast Asia
Microsoft buys Semantic Machines
Semantic Machines & Language AI Center | Autonomous Driving & Co navigation Return to content The US IT group Microsoft is expanding the business with the AI and buying Semantic Machines. The US company Microsoft plans to strengthen its business with the assistants and bots and has incorporated in this regard the company Semantic Machines.… Continue reading Microsoft buys Semantic Machines
World’s Best CEOs: 30 Leaders With Talent to Spare
Corporate America’s bottom line is growing fatter, fast. Big-company earnings per share swelled nearly 25% during the first quarter, the biggest gain since 2010. Global economic growth looks strong, too. Exceptional chief executives are preparing for tomorrow’s challenges by putting today’s cash windfall to good use. It’s no coincidence, then, that two themes stood out… Continue reading World’s Best CEOs: 30 Leaders With Talent to Spare
Tesla settles class action suit over Autopilot claims for $5M
Tesla has paid out $5 million to settle a class action lawsuit against it alleging that the Autopilot feature in the company’s cars was “essentially unusable and demonstrably dangerous.” Owners who paid $5,000 for Autopilot will be reimbursed to the tune of a couple hundred bucks, Reuters reported. Although Tesla claimed that the semi-autonomous driving… Continue reading Tesla settles class action suit over Autopilot claims for $5M
Nissan debuts open-air version of the new Nissan LEAF
Nissan debuted the Nissan LEAF Open Car, an open-air version of the new Nissan LEAF electric car, in Tokyo today. TOKYO (May 25, 2018) – Nissan showed the Nissan LEAF Open Car, an open-air version of the new Nissan LEAF, in Tokyo today. The 100% electric car was displayed at a forum to celebrate the… Continue reading Nissan debuts open-air version of the new Nissan LEAF
Toyota and Suzuki Agree to Start Discussing Joint Projects for Technological Development, Vehicle Production, and Market Development
Toyota Motor Corporation (Toyota) and Suzuki Motor Corporation (Suzuki) have agreed today to start discussing new joint projects in the fields of technological development, vehicle production, and market development. After having concluded a memorandum of understanding toward business partnership on February 6, 2017, Toyota and Suzuki have been pursuing concrete forms of cooperation and have… Continue reading Toyota and Suzuki Agree to Start Discussing Joint Projects for Technological Development, Vehicle Production, and Market Development