automotive
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Uber for 911 transport is a horrible idea
The Washington D.C. Fire and EMS Department is considering a plan to use Uber to transport low priority 911 callers, according to NBC Washington. It’s a horrible idea.
Washington’s plan is to hire a team of nurses who could evaluate a caller’s condition over the phone and direct them to an Uber if they are deemed stable. Already this is odd given that the purpose of an… Read More
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Tesla under investigation for possible breach of securities law, WSJ reports
Tesla is under investigation by the U.S. Securities and Exchange Commission, The Wall Street Journal reported, for a possible securities law breach. What’s at issue is whether the electric vehicle company should have notified shareholders immediately following a fatal accident on May 7 that killed a Tesla Model S owner who was using Autopilot at the time of the crash. A spokesperson… Read More
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Yoshi launches “set it and forget it” vehicle re-fueling service in San Francisco
A startup called Yoshi Inc. is the latest to give drivers a way to fuel up without going to the gas station. The company has officially launched its gas delivery service in the San Francisco Bay Area, and is offering other simple services like filling up the air in a car’s tires, replacing windshield wiper blades and washing cars, as well. Sound familiar? Yoshi is not the only company… Read More
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New reports confirm $1.15B leveraged loan raised by Uber at 5%
Two weeks ago, we reported that Uber was in talks to raise $1-2 billion in leveraged loans. The Wall Street Journal is circulating new information that the company has closed a $1.15 billion leveraged loan, with a 5 percent yield. This number comes in on the low side of our previous estimates. Last month, sources confirmed to TechCrunch that Uber had plans to raise $1-2 billion in… Read More
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Lyft’s latest launch is luxury
Over the coming months, we are going to be seeing a lot more pink mustaches on Audi, BMW, and Mercedes vehicles. Today, Lyft is launching Lyft Premier. Users will be able to catch rides in luxury sedans and SUVs. Highly rated drivers with access to high-end vehicles can service rides. The cost premium for Premier rides will earn drivers additional money. Lyft will also be able to take… Read More
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Volkswagen throws in with LG on ‘Cross-Over’ connected car platform
Everyone’s picking teams for the coming connected car wars, and Volkswagen and LG have chosen each other. The new smart car squad announced a “memorandum of understanding” to collaborate on R&D related to a connected car platform to be developed “over the coming years” today. So what, exactly, does this partnership entail? It’s not just the premise for… Read More
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Used BMW i batteries store solar power at home
BMW i joins Tesla and Mercedes-Benz in bringing energy storage home with its new system, which has yet to be given a catchy name. The system uses new or used batteries from the BMW i3 electric car to store power from solar panels for later use. It integrates with the charging station users are likely to have in the garage, so the stored energy from the sun can power your i3 overnight.… Read More
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Tesla gets more than solar panels with offer to acquire SolarCity
News of an offer from Tesla to acquire SolarCity came mostly unexpected to traders earlier this afternoon. In a rapid “knee-jerk” reaction, traders bid up SolarCity by 13 percent and sent Tesla tumbling down 12 percent. It is typical for the stock of an acquisition target to spike while the acquirer’s stock falls according to Michael Morosi of Avondale Partners. SolarCity… Read More
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Wype will come clean your car where it sits
Recently, I wrote about Wyper, the Tinder of car shopping. That prompted Andy Kim, co-founder of Wype, to contact me. His business is one letter off from Wyper, after all, so in the interest of disambiguation, here’s the scoop on the car-detailing company that is more like Uber than Tinder in the app comparison game. Wype is based in Southern California, where cars are shiny and water… Read More
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The trends driving electric vehicle development
The recent unveiling of Tesla’s Model 3 resulted in the largest product pre-order in history. The fact that about 400,000 people paid $1,000 each for a car they will receive in 2018 is simply astounding. In addition to the $400 million wired to Tesla, this represents an order book of more than $15 billion dollars. In case you were not paying attention, something amazing just happened to… Read More
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