Technology News

Volkswagen group plans to build 10 million e-cars in first wave

FRANKFURT (Reuters) - Volkswagen (VOWG_p.DE) plans to build 10 million electric cars based on its new modular MEB platform, the German car maker said on Monday, as it targets the launch of worldwide mass production toward the end of 2022. VW will build 27 models for four group brands based on the MEB - or modular electrification kit - starting with the Volkswagen ID model that will begin rolling off the production li...

17 Sep 1:45 PM 0 Read More...

Saudi's PIF invests more than $1 billion in Lucid Motors

DUBAI (Reuters) - Saudi Arabia’s Public Investment Fund said on Monday it had agreed to invest more than $1 billion in Lucid Motors to produce electric vehicles. The deal will provide funding to enable the commercial launch of Lucid’s first electric vehicle, the Lucid Air, in 2020. Reporting by Tom Arnold and Maher Maher Chmaytelli; editing by Louise Heavens...

17 Sep 1:30 PM 0 Read More...

Amazon investigating claims of employees leaking data for bribes

(Reuters) - Amazon.com Inc (AMZN.O) said on Monday it was investigating suspected internal leaks of confidential information by its employees for bribes to remove fake reviews and other seller scams from its website. Amazon employees are offering internal data and other classified information through intermediaries, to independent merchants selling their products on the site to help them boost sales in return for pay...

17 Sep 12:01 PM 0 Read More...

Altaba settles cases related to 2014 Yahoo breach for $47 million

(Reuters) - Altaba Inc, formerly known as Yahoo! Inc, said here on Monday it expects to incur a total of $47 million in litigation expenses to settle the three cases for failing to disclose the 2014 cyber security breach. Yahoo’s information security team learned just days after the December 2014 breach that Russian hackers had stolen the company’s “crown jewels,” including email addresses, encrypted password...

17 Sep 11:56 AM 0 Read More...

Ukrainians relive bloodshed of Kiev's Maidan in virtual reality

KIEV (Reuters) - A volunteer medic and the man whose life he saved. A lawmaker whose Facebook post calling for protests in Kiev’s Maidan square helped bring down a president. These are some of the characters featured in a virtual reality reconstruction of the bloodiest day in the 2013/2014 street demonstrations in Ukraine, when dozens of protesters were killed in the final moments of Viktor Yanukovich’s rule. Ah...

17 Sep 11:13 AM 0 Read More...

Go-Jek aims to raise $2 billion for Southeast Asia expansion: sources

SINGAPORE/JAKARTA (Reuters) - Indonesian ride-hailing firm Go-Jek is seeking to raise about $2 billion from existing investors, including Tencent Holdings Ltd and JD.com, to fund its expansion plans in Southeast Asia, sources familiar with the matter said on Monday. Go-Jek’s fundraising comes as its main rival Singapore-based Grab is also building a war chest to transform itself into a consumer technology group and...

17 Sep 9:11 AM 0 Read More...

As its trading debut looms, China's Meituan locked in battle of super-apps

(This version of the story corrects $100 million to $100 billion in 13th paragraph) By Pei Li and Adam Jourdan BEIJING/SHANGHAI (Reuters) - Meituan Dianping, which raised $4.2 billion in its Hong Kong IPO, is one of China’s super-apps, with 340 million users ordering groceries, paying bills, renting bikes and booking hotels - but it is far from alone. The delivery-to-ticketing platform, backed by internet giant Te...

17 Sep 6:27 AM 0 Read More...

Musk says Tesla has gone from 'production hell' to 'delivery logistics hell'

(Reuters) - Tesla Inc’s (TSLA.O) Chief Executive Officer Elon Musk on Sunday acknowledged that the company was facing more logistical problems now than production delays, in response to a customer complaint on delivery delay. "Sorry, we've gone from production hell to delivery logistics hell, but this problem is far more tractable. We're making rapid progress. Should be solved shortly," Musk said in a tweet here Te...

17 Sep 2:37 AM 0 Read More...

Tesla to bring most collision repairs in-house: Musk

(Reuters) - Tesla Inc is bringing most collision repairs in-house, Chief Executive Officer Elon Musk said in a tweet on Sunday, saying owners of the vehicles were experiencing excessive wait times at body shops. “Exciting to see some Tesla collision repair operations already completing within 24 hrs. Aiming for same day soon, then under an hour,” Musk said. Musk also tweeted: “Goal is for repaired car to be bet...

16 Sep 9:15 PM 0 Read More...

Fire contained at Tesla Gigafactory in Nevada

NEW YORK (Reuters) - A fire broke out at Tesla Inc’s (TSLA.O) Gigafactory in Nevada’s Tahoe-Reno Industrial Center late on Saturday but was contained by early Sunday and production had resumed, emergency officials and the company said. The factory produces Model 3 electric motors and battery packs, according to the electric carmaker’s website. The company said there were no injuries in the fire. The Storey Coun...

16 Sep 8:19 PM 0 Read More...