Paul Young
Articles
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Faraday Future Completes Assembly of its First Pre-Production FF91
Oct 04, 2018 6:21 PM WSTTroubled electric automaker Faraday Future (FF) appears to be making progress on its plans to deliver its first luxury electric vehicle. The company held an event today to celebrate the completion of the first pre-production model of its planned FF91 flagship.
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Geely Becomes China’s Third Largest Automaker with Strong Sales
Sep 28, 2018 12:29 PM WSTGeely reported a 54 percent jump in net income for the six months through June. The company said in a filing Wednesday that its vehicle sales this year will beat its target of 1.58 million units. During this time, Geely overtook Japanese automakers Nissan, Honda and Toyota. The Hangzhou-based company is China’s number one private automaker after Great Wall Motors.
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Ford Subsidiary Autonomic Partners with Alibaba Cloud to Standardize Connected Car Communications
Sep 20, 2018 12:16 PM WSTAutonomic, a wholly owned subsidiary of Ford Smart Mobility LLC, and Alibaba Cloud, the cloud computing arm of Alibaba Group, have signed a Memorandum of Understanding (MOU) to bring to China the Transportation Mobility Cloud (TMC), a standard transportation and mobility solution for connected vehicles developed by Autonomic.
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New York City Votes to Limit the Number of Uber & Lyft Vehicles
Sep 15, 2018 5:32 PM WSTOn Wednesday, New York became the first major American city to limit the number of for-hire drivers. The city council voted to halt new vehicle licenses for ride-hailing services and establish minimum pay rules for drivers. New York will cap the growth of the services for one year, while the city studies the booming ride-hailing industry.
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Didi Investing $1 Billion Into its Auto Service Platform
Sep 12, 2018 4:26 PM WSTDidi Chuxing Technology, China’s largest ride-hailing service, said on Monday it will invest $1 billion in its auto services business as the company ramps up to a widely anticipated initial public offering (IPO).
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BMW is Building A New $1 Billion Assembly Plant in Hungary
Sep 06, 2018 6:31 PM WSTGerman automaker BMW continues to expand its production network in Europe, with a new facility to be built in Hungary, close to the town of Debrecen. BMw will invest around €1 billion in the new plant, which will be able to churn out about 150,000 BMW’s a year.
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Chinese Electric Scooter Startup Niu to Seek $300 Million U.S. IPO
Aug 29, 2018 1:34 PM WSTNiu calls its product “the World’s #1 Smart Electric Scooter” and says its goal is to bring to the consumer a high-quality e-vehicle at an affordable price.
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Audi & Hyundai to Team Up on Hydrogen Fuel-Cell Development
Jul 27, 2018 6:47 PM WSTHyundai Motor Co. and Volkswagen AG’s Audi unit plan to partner on vehicle development and share patent licenses to “lead industry standards” on fuel cells, Hyundai said in a statement on Wednesday.
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GM Seeking Potential IPO for its Self-Driving Unit Cruise
Jul 25, 2018 4:00 PM WSTIn order to jumpstart the company's development of autonomous driving technology, General Motors purchased San Francisco-based autonomous driving startup Cruise Automation in 2016 for nearly $1 billion. Now, GM is exploring its options, including an IPO, for the self-driving arm.
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Toyota to Invest $1 Billion in Singapore-Based Ride-Hailing Company Grab
Jul 20, 2018 1:59 PM WSTToyota is investing $1 billion in Singapore’s Grab Holdings Inc., valuing the Southeast Asia’s largest ride-hailing service at just over $10 billion.
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