In a statement General Motors Co’s President Mark Reuss said, the company is testing a variety of battery chemistry technologies and manufacturing processes aimed at slashing the cost of future electric vehicle batteries and reducing its dependence on such price-sensitive metals including cobalt. While speaking at an investor conference, Reuss said “GM is experimenting with…
In a significant development sees cryptocurrencies increasingly gaining traction, on Monday the Bank of Japan (BOJ) has started feasibility study of issuing its own digital currency, joining efforts by other central banks that are aiming to match the innovation in the field achieved by the private sector. In a statement the BOJ said, during the…
On Friday, in a statement Chinese autonomous driving startup Momenta said it has received $500 million from Toyota Motor, SAIC Motor, and Bosch; the move underscores the global auto industry’s push towards an autonomous future. Other investors in the funding round include Yunfeng Capital, Daimler AG, Tencent, Temasek, said Momenta in a statement without disclose…
According to a report from the BBC, the Volkswagen Group along with Porsche, are weighing options to enter Formula One provided the next engine regulations, which are scheduled to be introduced in 2025, promote sustainable fuels. Porsche Motorsport’s vice-president Fritz Enzinger has been quoted as saying, it would be “of great interest if aspects of…
In a significant development, the U.S. Postal Service (USPS) stated, it will award a multibillion-dollar, ten-year contract agreement to Oshkosh Defense to manufacture a new generation of postal delivery vehicles. Under the initial $482 million investment, Oshkosh Defense, a unit of Oshkosh Corp, will finalize the production design, testing and vehicle tooling required prior to…
Reviewing the ID.3, Volkswagen’s new electric car offering, Germany’s Auto Motor und Sport said, it falls short of the carmaker’s usual standards of fit and finish; also it had a limited operating range. The review comes ahead of the launch of the ID.3 “The inner side of the hood looks like it was painted with…
In a significant development, Amazon.com Inc, the world’s biggest e-commerce retailer, has received federal approval for testing commercial deliveries through its fleet of drones. The U.S. Federal Aviation Administration (FAA) has approved Amazon Prime Air, Amazon.com Inc’s special service delivering packages in 30 minutes or less, to test delivering orders using autonomous drones. With this…
In a statement Swiss drugmaker Roche stated, it has an emergency approval for an antibody test to check whether people have ever been infected with the coronavirus, from the U.S. Food and Drug Administration (FDA). The company is aiming to ramp up production by more than 100% for testing kits from the current 50 million…
In a statement, Twitter Inc said, it was testing a new type of tweet in Brazil, which disappears after 24 hours, a feature that is similar to the stories feature that appears on Snapchat Facebook’s Instagram. Called ‘fleets’, Twitter’s vanishing messages can be viewed by tapping on a user’s profile picture. They however do not…
The U.S. Food and Drug Administration (FDA) has granted emergency use approval to state public health laboratories to start testing for China’s coronavirus using kits developed by the Centers for Disease Control and Prevention (CDC). The approval will help speed up testing for the coronavirus, which has infected 11 people in the country as of…
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