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Nov 14

Alibaba-backed EV startup XPeng raises $400m for growth

Alibaba-backed EV startup XPeng raises $400m for growth

HONG KONG, BEIJING: Chinese electric vehicle (EV) manufacturer XPeng, backed by Alibaba Group Holding Ltd., said on Wednesday it has raised $400 million from investors including Xiaomi Corp. to fund its growth.

Sources"...

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Nov 10

GM sells shuttered Ohio plant to EV truck start-up

GM sells shuttered Ohio plant to EV truck start-up

NEW YORK: General Motors Co confirmed it has sold its shuttered Lordstown Assembly plant in Ohio to a start-up that has an ambitious plan to begin building electric pick-up trucks by the end of 2020.
Lordstown Motors Corp, which is 10 per cent owned by Workhorse Group Inc, has retained"...

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Nov 04

Dangerous Driving Increases Slightly, but Remains on Relatively Low Level – ‘UAE Road Safety Monitor’ (8th cycle)

Dangerous Driving Increases Slightly, but Remains on Relatively Low Level – ‘UAE Road Safety Monitor’ (8th cycle)

The results of the 8th cycle of the unique and long-running ‘UAE Road Safety Monitor’ study once again underline the authorities’ efforts to further improve the country’s road infrastructure and this directly contributes to all-time-high values for driving enjoyment"...

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Oct 28

Toshiba and Gestamp Cooperation in IoT/AI Project Will Promote Quality Welding Operations in the Automobile Industry

Toshiba and Gestamp Cooperation in IoT/AI Project Will Promote Quality Welding Operations in the Automobile Industry

Toshiba Digital & Consulting Corporation (hereinafter TDX) and Spain’s Gestamp, the global leader in metal components for automobiles, have announced that they are cooperating in a project to bring advanced monitoring and analysis to the welding of vehicle chassis parts. By drawing"...

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Oct 24

Vans of Beirut: Not a Transportation But a Lifestyle

Vans of Beirut: Not a Transportation But a Lifestyle

We all experienced at least once in our Lebanese lifetime a van ride where we closed our eyes, sat stiffly, and prayed for dear God to get back home in one piece!

Vans are mini-buses that are well known across"...

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Oct 24

Velodyne Announces ADAS Collaboration with Hyundai Mobis

Velodyne Announces ADAS Collaboration with Hyundai Mobis

Velodyne Lidar, Inc. today announced an agreement with Hyundai Mobis to launch a new lidar-based advanced driver assistance system (ADAS) that integrates Velodyne lidar technology and Hyundai Mobis cognitive software. The Velodyne Velarray™-based system is designed specifically for ADAS in consumer vehicles. Hyundai Mobis is delighted to cooperate with Velodyne Lidar, one of the industry's most innovative lidar sensor providers, to launch a lidar system that is essential in high level autonomous driving, said Ko Youngsuk, Head of the Hyundai Mobis Strategy Planning division. The Velarray, utilizing Velodyne’s industry-leading......

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Oct 21

Volvo creates new business area for autonomous solutions

Volvo creates new business area for autonomous solutions

The Volvo Group has set up a new business area, Volvo Autonomous Solutions, which will accelerate the development, commercialisation and sales of autonomous transport solutions.

This will enable the group to meet a growing demand and offer the best possible solutions to customers"...

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Oct 20

Electric Hummer’ to help GM’s move into EV trucks

Electric Hummer’ to help GM’s move into EV trucks

General Motors (GM) plans to build a new family of premium electric pickup trucks and sport-utility vehicles at its Detroit-Hamtramck plant beginning in late 2021, possibly reviving the imposing Hummer brand on some of them, several people familiar with the plans said.

The"...

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Oct 17

Zooming luxury cars expose a two-speed China

Zooming luxury cars expose a two-speed China

Luxury cars in China are pointing to economic hazards ahead. Mercedes-Benz, BMW and peers notched up healthy revenue growth in the country during the third quarter. The wider industry, meanwhile, is suffering: data released on Monday showed a 6.3 per cent drop in September sales compared"...

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Oct 16

Automakers cut jobs and fear for investment as Brexit looms

Automakers cut jobs and fear for investment as Brexit looms

LONDON: One in three British automotive firms is cutting jobs as Brexit nears, up from one in eight just under a year ago, according to a survey conducted by a group representing the industry which risks being a big loser from Brexit.

Eighty"...

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