A U.S. judge on Friday ruled two Massachusetts men can be extradited to Japan to face charges that they helped former Nissan Motor Chairman Carlos Ghosn flee from the country while he was awaiting trial on financial misconduct. U.S. Magistrate Judge Donald Cabell in Boston turned down the arguments against extradition by U.S. Army Special […]
Volkswagen backed QuantumScape to go public at $3.3 billion valuation
QuantumScape said on Thursday it prepares to go public through a reverse merger with Kensington Capital Acquisition Corp KCAC.N with an enterprise value of $3.3 billion. QuantumScape is the 10-year-old Silicon Valley battery startup backed by Volkswagen AG, It is a San Jose-based company is a 2010 spinout from Stanford University. The company said it […]
Nissan sales in China slow in August while Toyota, Honda surge
Japanese automaker Nissan Motor informed on Thursday its sales in China dropped 2.4% in August from a year ago, while rival Toyota Motor and Honda Motor sales increased in the world’s biggest auto market. Nissan is determined to increase sales in China as it is having a hard time to fix problems that emerged after […]
Demand for new cars drops in Germany due to increase in coronavirus
Registrations dropped 20 percent compared with August 2019, a huge drop compared to July, when registrations dropped only 5.4 percent year-on-year, data published by the Federal Motor Transport Authority showed. Germany recently reported its highest case numbers since April, and is beginning to tighten restrictions on movement once again. Chancellor Angela Merkel last week said […]
Nissan develops techniques to accelerate production of carbon fibre parts
Nissan Motor said on Thursday it has developed techniques that help accelerate production of automotive components made from carbon fibre reinforced plastics (CFRP). The techniques can slash the lead time to develop such parts by as much as half, and cycle time for molding by about 80%, compared with standard methods, the Japanese automaker said. […]
Merkel says German auto industry has enough government support
German Chancellor Angela Merkel on Thursday said German government’s coronavirus relief package contained a lot of help for the automobile industry of the country after her conservative CSU allies renewed a proposal for incentives for petrol cars. Germany has a multi-billion-euro recovery plan to spur clean driving, with incentives for electric vehicles. But the government this year has rebuffed the auto […]
General Motors CEO and Ivanka Trump talk jobs as 2020 election nears
General Motors CEO Mary Barra hosted Ivanka Trump, daughter, and adviser to U.S. President Donald Trump, for a tour on Wednesday of the automaker’s worker training center in one of the hottest battlegrounds of the U.S. presidential race. GM and White House officials said the meeting at the automaker’s technical center in Warren, Michigan, was […]
Tesla shares dropped 15% after a huge increase in recent times
Tesla Inc shares dropped as much as 15% on Wednesday, extending previous session’s losses after the electric automaker announced a $5 billion stock offering that was intended at cashing in on Wall Street’s heightened interest. After an almost six-fold increase in share value this year, Tesla decided on a 5-for-1 stock split, which came into […]
Daimler pins profit recovery on new Mercedes-Benz S-Class
Daimler was set on Wednesday to release the new model of its Mercedes-Benz S-Class luxury sedan, which it hopes will help the German automaker to get back to profitability next year after the coronavirus crisis slashed demand for high-end vehicles. Daimler has released a new S-Class every seven years for decades but this year’s launch […]
Ford to cut 1,400 salaried jobs in the U.S. through buyouts by year-end
Ford Motor said on Wednesday it is moving forward to eliminate 1,400 U.S. salaried jobs by year end as part of a multiyear $11 billion restructuring. The layoffs will be attained through voluntary buyouts, the automaker said in an email sent to workers. The buyouts will be offered to workers who are qualified for retirement. […]
Tesla launches $5 billion capital raise, tapping in on share increase
Tesla Inc on Tuesday revealed its biggest program of new share sales as a public company, seeking to cash in on increasing Wall Street interest in the electric automaker to raise up to $5 billion that will ease future debt pressures. The move comes a day following a 5-for-1 stock split took effect, the automaker’s […]
Toyota U.S. August sales dropped 23% as coronavirus weighs on inventory
Toyota Motor on Tuesday reported a 23% decline in U.S. new vehicle sales in August against the same month in 2019, as a two-month industrywide shutdown of auto production in the spring to stop the spread of COVID-19, along with uncertain economic recovery, weighed on sales. This was Toyota’s fifth straight month of U.S. sales […]
Emotions & Suspension Oil Flow Are Related – Valving Shims Are Important For Both
A primary observation is that emotion, when allowed to move freely, causes you to bounce, move a lot. The more you open up lower you’ll hit when reality strikes, this may be easily called the softer side of a person. So, you’d need to get the shims on your emotions too, thus stopping them from […]
General Motors, Ventec deliver 30,000 ventilators to U.S. government
General Motors and medical equipment maker Ventec Life Systems have made deliveries of 30,000 ventilators to the U.S. government during the coronavirus crisis, the automaker said on Tuesday. U.S. President Donald Trump had urged the American automakers as part of a broader push to secure over 130,000 ventilators by the end of 2020. The deliveries […]
Tesla cars now capable to visually detect speed limit signs
American electric automaker Tesla Inc has brought a software update that will let its vehicles Autopilot system detect speed limit signs using cameras. When the camera observes a speed limit sign, it will show it on the driver visualization screen in case. A user can also set a speed limit warning. “Speed Assist now leverages your car’s cameras […]
