AutoX, a self-driving start-up, announced that it had completed a Pre-B round of financing worth tens of millions of U.S. dollars at the end of December. It was led by Shenzhen Qianhai Hongzhao Fund and backed by other Shenzhen-based RMB funds. This round of financing will mainly be used for the applications in the Chinese… Continue reading Chinese Self-Driving Startup AutoX Scores Pre-B Round
Tag: FCA
CO2 output to be top priority for carmakers in 2020
This year will mark a revolution in new-car selling: for the first time, carmakers will place the CO2 output of every model in their ranges at the top of their priority list, outweighing design, performance and other traditional sales points. The EU’s 95g/km fleet average CO2 regulation – under discussion in Brussels for a decade – means… Continue reading CO2 output to be top priority for carmakers in 2020
Self-driving startup AutoX closes Series pre-B round to expand footprint in China
Autonomous driving startup AutoX has raised tens of millions of U.S. dollars in a Series pre-B round of financing to expand its footprint in the Chinese market, the company confirmed to DealStreetAsia. The development was first reported by 36Kr. The investment was led by a Shenzhen-based investment fund manager, whose name can be directly translated… Continue reading Self-driving startup AutoX closes Series pre-B round to expand footprint in China
Possible new Renault boss Luca de Meo: This man could inherit Carlos Ghosn
REUTERS Luca de Meo at a car presentation French car maker Renault has had a pretty disastrous 2019. Sales fell 3.4 percent worldwide. And also the scandal surrounding Carlos Ghosn ex-boss of the company who has since fled to Lebanon, is likely to keep the company busy in the current year. In order to get… Continue reading Possible new Renault boss Luca de Meo: This man could inherit Carlos Ghosn
China’s Great Wall agrees to buy General Motors’ India plant
NEW DELHI (Reuters) – Great Wall Motor (601633.SS) has agreed to buy General Motors’ (GM) (GM.N) car plant in India, the companies said on Friday, as the Chinese automaker expands overseas amid slowing domestic demand. FILE PHOTO: Employees work on the assembly line at the General Motors plant in Talegaon, about 118 km (73 miles)… Continue reading China’s Great Wall agrees to buy General Motors’ India plant
@FCA: FCA Confirms Discussions with Foxconn
FCA Confirms Discussions with FoxconnFiat Chrysler Automobiles N.V. (MTA: FCA / NYSE: FCAU, “FCA”) confirmed today that it is in discussions with Hon Hai Precision Ind. Co., Ltd. (Foxconn) regarding the potential creation of an equal joint venture to develop and manufacture in China new generation battery electric vehicles and engage in the IoV (Internet… Continue reading @FCA: FCA Confirms Discussions with Foxconn
Roadster Salon’s First All-Electric Spider America Now Ready for Production
BARRINGTON, Ill., Jan. 16, 2020 /PRNewswire/ — Based on the beloved classic Fiat 124 convertible, The Spider America EV is the ultimate expression of Roadster Salon technology and craftsmanship. As seen in the Robb Report, https://robbreport.com/motors/cars/roadster-salone-1983-fiat-pininfarina-spider-america-ev-conversion-2891819/. Continue Reading The stunning Roadster Salon Spider America EV The resplendent Roadster Salon EV Jr The Spider America is… Continue reading Roadster Salon’s First All-Electric Spider America Now Ready for Production
(2nd LD) Hyundai aims to sell 24,000 GV80s in 2020
(ATTN: CHANGES headline and lead; ADDS details in paras 9, 12, last 2 paras)By Choi Kyong-ae ILSAN, South Korea, Jan. 15 (Yonhap) — Hyundai Motor Co. said Wednesday it aims to sell 24,000 GV80 models this year, the first sport utility vehicle under its independent Genesis marquee, in South Korea. The GV80 is the fourth… Continue reading (2nd LD) Hyundai aims to sell 24,000 GV80s in 2020
(LEAD) Hyundai launches Genesis GV80 on SUV demand
(ATTN: CHANGES headline and photos; ADDS executive comments in paras, 3, 11-12, background in paras 13-17)By Choi Kyong-ae ILSAN, South Korea, Jan. 15 (Yonhap) — Hyundai Motor Co. on Wednesday launched the long-awaited GV80 sport utility vehicle under its independent Genesis brand to meet rising demand for recreational vehicles. The GV80 is the first SUV… Continue reading (LEAD) Hyundai launches Genesis GV80 on SUV demand
@FCA: FCA Improves the Purchase Experience for Electric Vehicles
January 15, 2020 , Auburn Hills, Mich. – FCA is taking steps to make choosing and buying an electric vehicle easier. The Chrysler brand website now features a direct link to purchase Mopar’s 240-volt wall charger on Amazon.com and quality installation services for any branded EV charger, giving customers a fast and convenient way to charge their… Continue reading @FCA: FCA Improves the Purchase Experience for Electric Vehicles