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auto

Jul 06

India’s major automobile players post sequential uptrend in June

India’s major automobile players post sequential uptrend in June

India’s major automobile players reported a sequential uptrend in June, as the rate of sales de-growth decelerated. According to analysts, two-wheelers and tractors off-take on a sequential basis in June showed narrowing of the de-growth rate. However, they said that the industry"...

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Jul 06

Uber agrees deal to buy food delivery app Postmates: Bloomberg

Uber agrees deal to buy food delivery app Postmates: Bloomberg

Uber has agreed to buy food delivery app Postmates in a multibillion dollar deal, according to Bloomberg.

The San Francisco-based rideshare giant has been badly affected by the coronavirus pandemic -- cutting"...

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Mar 07

Volvo Cars are safe for every body

Volvo Cars are safe for every body

At Volvo Cars, diversity and inclusion are an essential part of the company culture. These values are shared across the company and inform everything it does. Volvo Cars’ success is built on the strength and insights gained from different backgrounds, perspectives and experiences.

"...

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Mar 05

FLIR Receives $23 Million Order for its Centaur Unmanned Ground Vehicles for U.S. Air Force

FLIR Receives $23 Million Order for its Centaur Unmanned Ground Vehicles for U.S. Air Force

FLIR Systems, Inc. (NASDAQ: FLIR) announced that the United States (U.S.) Air Force has ordered more than 180 of the company’s Centaur™ unmanned ground vehicles (UGV), plus spares. The $23 million contract is sourced through the Dept. of Defense Man Transportable Robotic System"...

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Mar 02

Used cars keep Africans moving, but dumping concerns remain

Used cars keep Africans moving, but dumping concerns remain

KAMPALA, Uganda: Salesmen whistle at potential buyers of scores of vehicles shining in the afternoon sun. One truck might bring over $20,000 but it’s far from the “brand new” ride the salesman touts it to be while attempting to start the engine.
The truck is one"...

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Feb 27

Velodyne Lidar Announces Sales Agreement With Idriverplus

Velodyne Lidar Announces Sales Agreement With Idriverplus

Velodyne Lidar, Inc. today announced a sales agreement with Idriverplus to provide Puck™ sensors over three years. Idriverplus will use Velodyne lidar sensors in mass production of its commercial autonomous vehicles, including street cleaners, passenger cars and logistics vehicles. This year, Idriverplus plans to place into commercial operation in China thousands of units of its unmanned, electric street cleaning vehicles, called WOXIAOBAI, with each vehicle equipped with two Puck sensors to ensure security and perception. Idriverplus vehicles are being used to clean and disinfect hospital areas as part of efforts to combat the coronavirus......

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Feb 26

Electra to launch its first electric vehicle in Q2

Electra to launch its first electric vehicle in Q2

Lebanon-based Electra, an EV technology firm, is looking to outperform, out price and outclass the current electric vehicle (EV) market by building an ecofriendly supercar fit for the mid-range consumer.

The ultimate symbol of strength and renewal, Electra is built with the"...

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Feb 25

Renault Files Civil Claim against Ghosn

Renault Files Civil Claim against Ghosn

French car giant Renault said Monday it was filing a civil claim for damages against former CEO Carlos Ghosn over alleged financial misconduct.

'Renault has filed a legal action to assert its rights,'"...

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Feb 17

General Motors plans to pull out of Australia, New Zealand and Thailand

General Motors plans to pull out of Australia, New Zealand and Thailand

DETROIT: General Motors says it’s pulling out of Australia, New Zealand and Thailand as part of a strategy to exit markets that don’t produce adequate returns on investments.
The company said in a statement Sunday that it will wind down sales, engineering and design operations"...

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Feb 12

Daimler profits slump as auto industry comes under pressure

Daimler profits slump as auto industry comes under pressure

FRANKFURT, Germany: Daimler AG, maker of Mercedes-Benz cars, saw profit slump in 2019 and turned in a loss for the fourth quarter, underlining the pressures on the auto industry from economic headwinds and the need to invest in electric cars to meet tougher European Union limits on greenhouse"...

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