Month: May 2018

31 May by admin

Manny Calandrino named president and CEO of Fastfrate Group

Manny Calandrino WOODBRIDGE, Ont. — Ron Tepper, executive chairman of Consolidated Fastfrate announced today that Manny Calandrino is the new president and chief executive officer (CEO) of the Fastfrate Group of Companies. The group includes Consolidated Fastfrate, Canada Drayage (CDI), Fastfrate Integrated Logistics and BRS Transportation. “Manny has been with Fastfrate for 30 years and […]
31 May by admin

Jaguar I-Pace SUV, in pictures – full prices, specs & photos revealed

The Jaguar I-Pace is one of the most eagerly awaited cars of the year, not least because JLR and its ferocious hype machine has been drip-feeding the media with pictures and details for the past few months. But we think there’s more to this car than just the usual marketing guff, over-written press releases and industry […]
31 May by admin

GM’s autonomous vehicle unit to get $2.25 billion boost from investment firm

The deal gives SoftBank Vision a 19.6 percent stake in GM Cruise, which includes Cruise and Strobe Inc., a lidar company GM acquired in October. Photo credit: REUTERS DETROIT — SoftBank Vision Fund, a prominent technology investment firm, will invest $2.25 billion in General Motors’ Cruise Automation autonomous vehicle operations. The investment, GM said Thursday, will […]
31 May by admin

More signals emerge on Ford’s possible purchase of Detroit train station

Ford statement on Detroit developments: “We expect to grow our presence in Detroit and will share more details in the future.” Photo credit: Chad Livengood/Crain’s Detroit Business DETROIT — One of the real estate companies in businessman Matty Moroun’s empire quietly transferred ownership of the Michigan Central Station to a mystery company last week as […]
31 May by admin

Rivian Automotive plans to start EV production at ex-Mitsu plant by 2020

The Rivian plant in Normal, Ill. Rivian Automotive Inc., backed by a new $200 million loan, said it will begin producing electric vehicles at the former Mitsubishi Motors plant in Normal, Ill., by 2020, the company said last week. The funding — in addition to previous financing and state and local tax incentives — will […]
31 May by admin

Santander falls as FCA reportedly adding own finance arm

Santander Consumer USA Holdings Inc. shares fell after Bloomberg reported that its auto-finance partner Fiat Chrysler Automobiles was preparing an announcement on forming its own captive lending unit. As part of its five-year strategy plan to be announced Friday, Fiat Chrysler is likely to announce the intention to form a finance unit in the U.S., Bloomberg […]
30 May by admin

SF Motors plans to open EV operations at Indiana plant by end of 2020

SF Motors has released this photo of the SF5, which would be built at the Indiana plant. Chinese-owned electric vehicle developer SF Motors Inc. is planning to open a $160 million plant in northern Indiana by the end of 2020, state officials announced Wednesday. The plant will be used for North American EV production. SF […]
30 May by admin

APTA to host Tech & Talent networking event

DIEPPE, N.B. – The Atlantic Provinces Trucking Association (APTA) has announced its Tech & Talent event, which will take place at the Wingate Dieppe Hotel & Convention Center on Thursday, June 7, 2018. The event offers attendees the opportunity to learn about new and upcoming technologies available to the trucking industry as well as gain […]
30 May by admin

Tesla Model 3 wins Consumer Reports blessing after brake fix

Tesla Inc.’s Model 3 sedan won a coveted recommendation from Consumer Reports after an over-the-air software update improved braking by almost 20 feet. The influential magazine had initially declined to recommend the electric-car maker’s more mainstream model after testing showed it took longer to stop than a Ford F-150 pickup. The new software pushed by […]
30 May by admin

Uber’s new Panic Button helps riders summon 911

Uber is trying to make amends one step at a time. As a follow-up to the ride-sharing company’s new seat belt warning, its cellphone app now includes a direct method to allow riders to contact 911 at the press of a virtual button. The Panic Button, as Uber calls it, is located in a “safety […]