Feb 24, 2022 | Business, Detroit, Electric Vehicles, Featured
Ford Motor has no plans at this time to spin off its electric vehicle or gasoline-powered vehicle businesses, CEO Jim Farley said Wednesday. His comments come less than a week after Bloomberg News reported Farley wanted to separate Ford’s electric...
Feb 10, 2022 | Business, Mobility
GoTo Global, an Israeli mobility company that offers shared micromobility and car-sharing services in Spain, Israel, Malta and Germany, is going public on the Tel Aviv Stock Exchange (TASE) through a merger with shell company Nera Tech Media. The merger is expected to...
Jan 20, 2022 | Autonomous Vehicles, Business, Technology
The German automaker is also taking an equity stake in the Orlando, Florida-based company, acquiring a total of 1.5 million shares. Based on Luminar’s share price of $13.45 at market close January 19th, Mercedes-Benz is purchasing approximately $20.2 million worth of...
Dec 2, 2021 | Business, Electric Vehicles
Consumer Reports recently released its automobile reliability ratings Thursday with Toyota Motor -owned Lexus, Mazda , and Toyota ranking as the top brands in that order. Stellantis’ Jeep, Tesla , and Ford Motor’s Lincoln made up the bottom three....
Nov 4, 2021 | Business, Featured, Industry 4.0
Augury, an industrial AI + IoT company—with customers such as Colgate, Hershey’s and Pepsi – has raised $180M in Series E funding. The round,led by Baker Hughes, launches the company to unicorn status and makes it an important bellwether for Industry 4.0...
Oct 14, 2021 | Business, Electric Vehicles, Featured, Work
Volkswagen’s CEO Herbert Diess told a supervisory board meeting in September that the company could lose 30,000 jobs if it transitioned too slowly to electric vehicles (EVs), two sources with knowledge of the matter told Reuters on Wednesday. Competition from...
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