Judge George Steeh to name former FBI director to manage Takata restitution funds

takata airbag

Federal judge, George Steeh, in Detroit stated on Thursday he plans to call former FBI director Robert Mueller to supervise almost $1 billion in Takata Corp restitution funds as part of a U.S. Justice Department settlement. In January, Takata accepted plead guilty to criminal misbehavior and to pay $1 billion to fix a federal investigation […]

Donald Trump considers Lyft executive Derek Kan for transportation post

Derek Kan

The White House stated Thursday that President Donald Trump prepares to nominate a Lyft Inc executive, Derek Kan, as under secretary of transportation for policy. Derek Kan is general supervisor for ride services business Lyft in Southern California. He formerly was policy adviser to Senate Republican Leader Mitch McConnell, the spouse of Transport Secretary Elaine […]

Germany’s electric vehicle charging points saw 27 percent increase in 2016

charging points

The amount of electric vehicle charging points for public use in Germany increased by 27 percent in 2016, consisting of hundreds more fast-charging units, amidst efforts to increase the technology throughout Europe. Germany now has an estimated of 7,407 charging points, electricity industry group BDEW stated on Friday. Of those included in 2016, 292 units […]

Trump’s U.S. jobs push could be profitable for China in Mexico: ICBC bank

Industrial and Commercial Bank of China (ICBC)

U.S. President Donald Trump’s push to require U.S. market to bring jobs to the nation is opening investment opportunities for Chinese companies in Mexico, an executive with Industrial and Commercial Bank of China (ICBC), the nation’s largest lender, stated on Friday. Worries of a hit to foreign investment ran high when Ford Motor canceled a […]

Autotalks raises $30 million, total to date $70 million for safer autonomous vehicles

autotalks

Autotalks, an Israeli supplier of vehicle to vehicle (V2V) communication for enhancing road safety, stated on Wednesday it raised $30 million in a late-stage financing round, giving $70 million its total raised to date. It will use the funds to broaden operations and accelerate deployment of technologies for much safer autonomous cars. The new funding […]

Arconic gives up its request for $259 million U.S. energy fund loan

Arconic Inc logo

Arconic Inc stated it had dropped its request for a $259 million loan from the United States Energy Department, one day after the Trump administration proposed eliminating the program targeted at boosting manufacturing of advanced technology automobiles. In 2015 the Obama administration revealed a “conditional commitment” to loan Alcoa Corp the $259 million to broaden […]