Toyoda Gosei – a Toyota Group company manufacturing rubber and plastic automotive components – is setting up a corporate venture capital department, specifically to invest in start-ups and accelerate innovations. Effective from January 2019 with a three-billion yen budget through till December 2020, this is said to enable it to act flexibly and quickly to commercialize Read More..
Volvo Trucks is getting ready to launch its first all-electric truck for commercial use. The Volvo FL Electric will go on sale in Europe in 2019. The Swedish truck maker said the FL Electric will be primarily for urban distribution and refuse operations. Electric propulsion will help curb vehicle air pollution and, because of its Read More..
Siemens has received the green light from California authorities to test a so-called e-highway concept near the ports of Los Angeles and Long Beach. The German electrical and electronics conglomerate said it will fit a section of highway with overhead cables that can power specially equipped trucks the same way trams traditionally operate. Siemens is Read More..