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Bosch Addressing Fuel Cell Tech
Although attention tends to be paid to what the OEMs are doing in the advanced development space—or simply to whatever Elon Musk is up to, or not—there is perhaps more action going on in the supplier space, at least among those suppliers who are dedicated to existing as the industry evolves.
Uber Hires a CFO After 3-Year Search
Uber Technologies Inc has named Nelson Chai to be the ride-hailing company’s first chief financial officer in more than three years, effective Sept. 10.
Bosch Buys Stake in U.K. Fuel Cell Developer
Robert Bosch GmbH is spending £8 million ($10 million) to acquire a 4% stake a British developer of next-generation solid oxide fuel cells.
Apple Patents Self-Driving V2X Tech
Apple Inc. has received a U.S. patent for a system that would alert surrounding motorists and pedestrians of the presence and planned maneuvers of a vehicle operating in self-driving mode.
Getaround Car-Sharing Startup Raises $300 Million
San Francisco-based car-sharing startup Getaround Inc. says it raised about $300 million in a latest funding round led by Japan's SoftBank Group Corp.
Hyundai Revs Up Car-Sharing Efforts in India
Hyundai Motor Co. says it has made an unspecified investment in Revv, a three-year-old car-sharing company based in India.
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More Hybrid Buses for Quebec
As anyone who has driven a hybrid vehicle knows, there is better fuel efficiency achieved in stop-and-go traffic, as those conditions allow the vehicle’s battery to capture power during regenerative braking, which is then redeployed to propel the vehicle.
Pay Hike Averts VW Strike in Mexico
Volkswagen AG has sidestepped a strike at its giant assembly complex in Puebla, Mexico, with a pay hike and richer benefits, Reuters reports.
Daimler Refutes Diesel Recall Report
Daimler AG refutes a Der Spiegel report that the company faces a recall of 700,000 diesels, asserting that the vehicles are already part of a repair campaign announced in June.
JCI to Decide Fate of Its Battery Business by November
Johnson Controls International plc says it is giving itself three more months to decide what to do with its battery business.