The EV startup burned through $800 million by the middle of 2018 and was seeking an installment of $700 million from Evergrande as operating cash for the remainder of the year, which was expected to see the start of production for the FF 91. Evergrande allegedly refused to provide the $700 million, which triggered the arbitration that is being conducted in Hong Kong.....
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Hyundai Launches First Flying Car Division
It's Happening! Hyundai Launches First Flying Car Division For An Automaker
Hyundai is the latest automaker to pursue the lofty dream of the flying car. The company's new Urban Air Mobility Division aims to reduce the traffic congestion resulting from what the firm calls "mega-urbanization." To head this initiative, the business hires Dr. Jaiwon Shin, the former leader of the Aeronautics Research Mission Directorate at NASA.
"Having worked on cutting-edge aviation research and development at NASA for 30 years, I am very excited and humbled by the opportunity to now shape urban air mobility strategy at Hyundai Motor Group," Dr. Shin said in Hyundai's announcement of his hiring. "The new team at Hyundai will develop core technologies that will establish the company as a driving force in urban air mobility, a sector that is expected to grow into a market worth USD 1.5 trillion within the next 20 years."....
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Ford is bringing a couple Boston Dynamics robot dogs to Michigan to prowl around into its Van Dyke Transmission Plant. They’ll be doing more than just creeping out plant workers with their freakishly impressive capabilities, too. ....
Google’s Self-Driving Car Project is slated to reach a new milestone as it prepares to transition into a separate company outside of the Alphabet umbrella.
