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Renault slams brakes on listing of Ampere EV division

Renault had wanted to spin off its electric vehicle unit into Ampere, hoping that running it as a separate company would make it more agile in the rapidly developing sector. French automaker Renault said Monday that it was halting the initial public offering of its EV unit Ampere, saying market conditions were unfavorable to list the company's shares.…

Facing roadblocks, China’s robotaxi darlings apply the brakes

A few years ago, robotaxis were the darlings of venture capitalists in China. A cadre of audacious startups, including Deeproute.ai, WeRide.ai, Pony.ai and Momenta reeled in hundreds of millions of dollars to fuel their costly ambitions. With pockets overflowing, they spent generously on building self-driving vehicle fleets. Their geeky executives, swapping T-shirts for sharp suits, cozied up to local officials and nudged policymaking in their favor. As these companies’ valuations continued to climb, however, a…

After Putting Brakes on Scooter Production, Vijai Super Factory in UP Gears Up for EV Manufacturing

SIL started commercial production in 1975, manufacturing Vijai Super scooters for the Indian market and Lambretta for the overseas market. Image/News18The Uttar Pradesh government recently signed a Rs 1,500-crore MoU with Hinduja Group’s Ashok Leyland for the manufacturing of electric commercial buses in the state, which eventually brought down the curtains on the nearly 50-year-long journey of Scooters India Limited (SIL) that made the iconic Vijai Super scootersOnce the manufacturer of iconic Vijai Super scooters, the…

RBI’s brakes on lending largesse a timely move; and other top tech, startup stories this week

Hello, this is Pratik Bhakta in Bengaluru. A couple of weeks back, in this same column, I wrote about how fintech lenders are finally seeing better days, after years of suffering a business slowdown due to macro issues such as the default of IL&FS which created a debt crisis, the Covid-19 pandemic and the Chinese loan app scam.Now, the Reserve Bank of India (RBI) has stepped in to rein in what it probably views as an unchecked and unwise lending spree. Striking a note of caution, the sector regulator has asked banks…

Waymo taps the brakes on its autonomous-trucking project

Waymo Six years after launching its autonomous-truck program, Waymo has said it’s decided to focus more on developing its ridesharing ambitions using its self-driving cars and minivans. The California-based, Alphabet-owned company said its decision to effectively put autonomous trucking on the back burner is down to the “tremendous momentum and substantial commercial opportunity” that it’s seeing with the pilot ridesharing service it launched in Arizona in 2018 before taking it to several other states. Customers…

Sega hits the brakes on its blockchain plans

Sega shouldn’t have done what Nintendidn’t Bloomberg has reported that Sega is pulling back its plans to compete in the Web3 Thunderdome. The company was previously shoveling coal into the crypto furnace; licensing blockchain games, and creating NFTs based on its properties. Sega hasn’t canceled all of its crypto plans, but we’re watching in real time as the corporation realizes its mistake. Bloomberg reports that Sega “will withhold its biggest franchises from third-party blockchain gaming projects to avoid…

Why Economies Haven't Slowed More Since Central Banks Hit the Brakes

Government aid and the effects of the pandemic are blunting the impact of higher interest rates, for now. Government aid and the effects of the pandemic are blunting the impact of higher interest rates, for now. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you…

The Tearful Auto Executive Who Tapped the Brakes on Electric Cars

Toyota Chairman Akio Toyoda faced skepticism in his early years. His latest challengers want him to speed up the company’s EV transition. Toyota Chairman Akio Toyoda faced skepticism in his early years. His latest challengers want him to speed up the company’s EV transition. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to…

Tractor stuck on railway crossing; Rajdhani Express applies emergency brakes [Video]

Days after the biggest railway accident of the decade in Odisha, a vigilant locomotive driver averted another major mishap in the same Jharkhand. A tractor rammed into a railway crossing gate in Bokaro, Jharkhand when the New Delhi-Bhubaneswar Rajdhani was about to cross. According to the details available at the moment, the tractor crashed into the railway crossing when it was closing down. The tractor got stuck between the gate and the railway track. The locomotive driver just the stuck tractor just in time and…

Stop it! The pros and cons of mechanical vs hydraulic disc brakes

Electric bicycles are a popular means of transportation that combine the advantages of traditional bikes with the benefits of modern technology to provide a gentle (or sometimes powerful) boost to the rider. As e-bikes continue to gain traction and increase in popularity, one crucial element for new and experienced riders alike to consider is the braking system. It’s hard to imagine a more critical piece of safety equipment on a bicycle, and the need for reliable and efficient braking becomes even more…