Hyundai Group and Kia Motors invest $110M in London-based electric van startup Arrival Ltd

On Thursday, in a joint statement, South Korea’s Hyundai Group and its sister firm Kia Motors Corp stated, they are backing a UK electric vehicle startup that plans on selling battery-powered delivery vans in 2021. They plan on investing $110 million (100 million euros) in Uk-based Arrival Ltd. Founded in 2015, London-based Arrival has developed…

All Tesla cars made within the last 2 years to receive auto-parking feature within 6 weeks

The ‘Summon’ feature, part of Tesla’s driver-assist Self-Pilot system, is currently limited to only the Model S cars. On Thursday, Tesla’s Inc’s Chief Executive Elon Musk stated, an upgrade to Tesla’s ‘Summon’ auto-parking feature will be ready within six weeks; following the upgrade select models will be able to drive around a parking lot, find…