DIRS.INFO The most relevant business & tech news

☆ See inside the Wisk air taxi backed by Boeing that has no onboard pilot
▼ + stars: | 2022-10-16 | by ( Brady Macdonald | ) www.businessinsider.com time to read: 1 min

The race is on to see which air taxi will be the first to market and Boeing's Wisk hopes to cross the finish line first ahead of Uber, Airbus, Honda, and a host of other competitors. Wisk air taxi Wisk Aero

☆ What Does Liability Insurance Cover?
▼ + stars: | 2022-10-15 | by ( ) www.wsj.com time to read: +10 min

Personal liability insuranceIf you own a home or drive a car, you already have some liability insurance. Professional liability insuranceProfessional liability insurance covers small businesses or individuals who offer advice or services, such as accountants, financial advisors, doctors and lawyers. 3. Business liability insuranceThere are several forms of business liability insurance. Homeowners liability insuranceA standard homeowners or renters policy provides at least $100,000 worth of liability insurance. Business and professional liability insuranceCoverage needs for business or professional liability insurance vary based on the size, location and structure of your company, among other things.

☆ New cars are still selling for over MSRP. Here's how to avoid sticker shock
▼ + stars: | 2022-10-15 | by ( Ian Thomas | ) www.cnbc.com time to read: +6 min

A couple browses a car's sticker price. For example, Mercedes-Benz purchasers paid between 2% to 4% more than the sticker price. On top of that, the average price of used cars has been steadily dropping, even if that was coming down from a very high point. In August, the average used car sold for $28,061, a 4% year-over-year decline but still up nearly 40% from December 2019 before the Covid-19 pandemic. The recent decline is a function of used car sales slowing, down 9% in August from a year earlier, making it even more likely you might get a good deal on a used car lot.

☆ Hyundai to break ground on $5.5 billion Georgia plant this month
▼ + stars: | 2022-10-14 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, Oct 14 (Reuters) - South Korea's Hyundai Motor Co (005380.KS) said Friday it will break ground this month on a $5.5 billion electric vehicle and battery plant in the United States. Hyundai plans to begin commercial production in the first half of 2025 with an annual capacity of 300,000 units. The groundbreaking comes amid anger from Korea and the European Union over U.S. electric vehicle tax policy. The law made about 70% of EVs immediately ineligible for the tax credits of up to $7,500 per vehicle. Biden has expressed willingness to continue talks with South Korea over recent U.S. legislation that denies subsidies to most foreign makers of electric vehicles (EVs), South Korea said earlier this month.

☆ Sony and Honda plan to start U.S. deliveries of their electric vehicle in 2026
▼ + stars: | 2022-10-14 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +1 min

Yasuhide Mizuno, the chairman and CEO of Sony Honda Mobility Inc., speaks during a news conference in Tokyo, Japan, on Oct. 13, 2022. The Sony -Honda joint venture focused on electric vehicles plans to begin deliveries to the United States and Japan in 2026. Sony Honda Mobility, as it's known, aims to start taking pre-orders for its vehicle in the first half of 2025, and hopes to start sales before the end of that year. "For sales, SHM plans to focus on online sales," a statement released Thursday said. U.S. deliveries are slated to start in the spring of 2026, with deliveries to the Japanese market happening in the latter half of the same year.

Sony Honda Mobility said on Thursday it was aiming to deliver the first of the unnamed EV by 2026, starting in the United States, and will sell them online. Honda has about 1,100 Honda dealers and 270 Acura dealers. "I get teaming up with Sony, but it should be done in conjunction with the dealer network, not outside it," he added. Sony Honda officials promised the vehicle - to be built at one of Honda's Ohio plants - will include advanced driver-assist features and a new software system developed by Sony that offers cloud-connected services that generate recurring revenue. Sony Honda officials declined to say under what brand the vehicle will be sold.

☆ Battery maker Envision AESC seeking potential investors to fund expansion-CEO
▼ + stars: | 2022-10-14 | by ( ) www.reuters.com time to read: +3 min

ZAMA, Japan, Oct 14 (Reuters) - Chinese renewable energy group Envision's battery business is seeking potential investors, as it looks to fund a planned 30-fold expansion in its battery production capacity for electric vehicles (EV), the unit's chief executive said. Envision AESC has also said it plans to supply batteries for Honda Motor Co (7267.T) and Mercedes-Benz (MBGn.DE). The company hopes to break into the top-tier EV supply rankings by leveraging its more than a decade of battery production experience. Matsumoto said the company is aiming to expand its share in the global EV battery market by roughly five times to about 15% by 2025 or 2026. Solid-state battery technology involves a high-capacity energy storage device that improves on lithium-ion batteries, replacing the liquid or gel-form electrolyte with a solid, conductive material.

TOKYO, Oct 13 (Reuters) - A joint venture set up by Japan's Sony Group Corp (6758.T) and Honda Motor (7267.T) is aiming to deliver its first electric vehicles by 2026 and will sell them online, starting in the United States and Japan. The update from the joint venture, Sony Honda Mobility, is the first since the two companies launched the project in June. Sony will provide the software system for the new car, from the onboard controllers to cloud-based services that will connect with entertainment and payment systems. The still-to-be named EV will likely be manufactured by Honda at one of its plants in Ohio. The new EV will be delivered to the Japanese market in the second half of 2026.

☆ Sony, Honda mobility venture to deliver new EV to U.S. in spring of 2026
▼ + stars: | 2022-10-13 | by ( ) www.reuters.com time to read: +1 min

TOKYO, Oct 13 (Reuters) - A joint venture set up by Japan's Sony Group Corp (6758.T) and Honda Motor (7267.T) will deliver electric vehicles (EV) to the U.S. market in the spring of 2026, a top executive said on Thursday. The new EV will be delivered to the Japanese market in the second half of 2026, said Yasuhide Mizuno, the joint venture's chairman and chief executive, and a senior Honda executive. The two companies officially agreed to the equally owned joint venture, Sony Honda Mobility, in June, with each of them investing 5 billion yen ($34.05 million) in the new venture. Honda is under pressure from investors to make cars that are carbon-free and equipped with newer technology such as self-driving features. Like its bigger rival Toyota Motor (7203.T), it has been slow to shift its fleet to electric, offering only one EV known as Honda e.($1 = 146.8300 yen)Register now for FREE unlimited access to Reuters.com RegisterReporting by Satoshi Sugiyama; Editing by Ana Nicolaci da CostaOur Standards: The Thomson Reuters Trust Principles.

☆ Honda and Sony are launching an EV that could connect to the metaverse — and Americans will be the first to get behind the wheel
▼ + stars: | 2022-10-13 | by ( Stephen Jones | ) www.businessinsider.com time to read: +3 min

Honda and Sony will launch their first EV in the US in 2025, under a joint partnership. The EV could have level-3 automation and its entertainment system could connect to the metaverse. Sony Honda Mobility Inc (SHM) — a strategic partnership between the automaker Honda and electronics giant Sony — announced Thursday that it will launch its first EV in the US. On Tuesday, Honda announced plans to invest $4.4 billion in an EV battery production plant in Anna, Ohio, in another joint venture with LG Energy Solution. The Honda Prologue, built in partnership with GM, is set to launch in 2024.

☆ Honda, LG Ohio investments to receive $71 mln state tax credit
▼ + stars: | 2022-10-12 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

Oct 12 (Reuters) - The state of Ohio said on Wednesday it plans to provide $71.3 million in tax credits for a new Honda Motor Co Ltd (7267.T) and LG Energy Solution (373220.KS) joint venture battery plant. Honda separately is investing $700 million and adding 300 jobs to retool three Ohio plants to build EVs and parts. The Ohio Department of Development said the 30-year Job Creation Tax Credit is performance-based and the company must fulfill its job creation and payroll commitments to receive the credit. It's not clear what local tax incentives the investments will receive. Register now for FREE unlimited access to Reuters.com RegisterReporting by David Shepardson; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.

☆ The 2024 Chevy Trax is GM’s new take on its cheapest SUV
▼ + stars: | 2022-10-12 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +5 min

CNN —General Motors unveiled a new, slightly bigger redesigned version of its cheapest entry-level SUV, the Trax. The subcompact Trax SUV has a starting price of just $21,500, a couple of hundred dollars below it’s current price putting it firmly among the cheapest SUVs on the market. All versions of the Trax, including flashy-looking Trax RS models, will have starting prices under $25,000, GM executives said. The Venue, Hyundai’s cheapest SUV, is front-wheel-drive only but the slightly more expensive Kona offers all-wheel-drive as an option. Active noise cancellation will also be a standard feature on all Trax models.

☆ Honda to build JV U.S. battery plant, retool Ohio plants
▼ + stars: | 2022-10-11 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

REUTERS/Athit PerawongmethaWASHINGTON, Oct 11 (Reuters) - Honda Motor Co Ltd (7267.T) and LG Energy Solution (373220.KS) on Tuesday announced Ohio as the site of their planned $4.4 billion joint-venture battery plant. Honda will separately invest $700 million to retool three Ohio plants and add 300 new jobs, as it seeks higher electric- vehicle production. The plant is the latest in a string of battery plants announced as automakers race to shift gas-powered production to electric vehicles. President Joe Biden praised the Honda-LG announcement, saying the companies were "committing more than $5 billion toward electric vehicle battery manufacturing and factory retooling across the state." Honda plans to begin production and sales of EVs in North America in 2026, based on its new Honda e:Architecture.

☆ Honda, LG to locate $4.4 billion battery plant in Ohio
▼ + stars: | 2022-10-11 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

The Honda Motor logo is pictured at the 43rd Bangkok International Motor Show, in Bangkok, Thailand, March 22, 2022. REUTERS/Athit PerawongmethaWASHINGTON, Oct 11 (Reuters) - Honda Motor (7267.T) and LG Energy Solution (373220.KS) said on Tuesday they will build a new joint venture $4.4 billion battery plant in Ohio. Honda plans to begin production and sales of Honda EVs in North America in 2026, based on its new Honda e:Architecture. The joint venture is pending regulatory approvals. That announcement expanded on plans for GM to begin building two electric SUVs for Honda starting in 2024 - the Honda Prologue and an Acura model.

☆ Honda is spending $3.5 billion to build a battery factory in Ohio
▼ + stars: | 2022-10-11 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +3 min

CNN —Honda and South Korean battery maker LG Energy Solutions are investing $3.5 billion to build a joint venture battery factory in southern Ohio, the car company said Tuesday. Construction on the battery plant is expected to begin early next year and should be completed by the end of 2024. At the Marysville plant, battery cells from the Fayette County battery factory will be installed in the battery cases made in Anna. The Marysville factory opened in 1982 and was Honda’s first auto factory in the United States. Honda now has 18 factories producing Honda and Acura vehicles in the United States.

☆ How Amazon acquires companies, and what makes it want to buy a firm 'right now'
▼ + stars: | 2022-10-11 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +5 min

For starters, the company is hosting its second major sale event of the year, its two-day Prime Early Access Sale. Prime members can expect to get some holiday shopping knocked out with deals on everything from Amazon devices to kitchen tools. The e-commerce giant has been on a shopping spree this year, snapping up companies from One Medical to iRobot. As Amazon reaches hundreds of billions of dollars in sales, it needs to move beyond its traditional retail and cloud businesses. The Prime Early Access Sale starts today and will continue until tomorrow, offering early access to holiday deals.

☆ Honda's new $4.4 billion EV battery plant will be built in Ohio
▼ + stars: | 2022-10-11 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

An employee inspects the door of a 2018 Honda Accord vehicle during production at the Honda of America Manufacturing Inc. Marysville Auto Plant in Marysville, Ohio, on Thursday, Dec. 21, 2017. Honda Motor and LG Energy Solution on Tuesday said a new multibillion-dollar plant to produce batteries for electric vehicles will be located in Ohio. The battery plant is expected to cost $3.5 billion, with overall investment by the unnamed joint venture eventually reaching $4.4 billion, the companies said. Honda and LGES announced plans for the joint venture and battery plant last year, but had not revealed a location. In addition to the new battery plant, Honda on Tuesday said it plans to invest $700 million to retool several of its existing auto and powertrain plants for production of EVs.

☆ Mountain Girl’s heartbreaking memoir: An icon of the Sixties opens up about Jerry Garcia, Ken Kesey, and what the age of free love was really like
▼ + stars: | 2022-10-09 | by ( David Kushner | ) www.businessinsider.com time to read: +40 min

Now 76 and living in Oregon, Mountain Girl has gave us an exclusive look at her memoir. Altamont, the free concert that Mountain Girl and Jerry Garcia helped organized, was meant to revive the spirit of the Sixties. Today, 60 years since she took that ride with Neal Cassady, Mountain Girl is still forging her own path. Before I leave Kesey's farm, Mountain Girl and I walk outside to the old brown barn where Furthur now rests. But for Mountain Girl, it lives forever, an emblem of everything her generation believed in, and all that they achieved.

☆ Tesla robot slowly walks on stage at AI Day
▼ + stars: | 2022-09-30 | by ( Matt Mcfarland | ) edition.cnn.com time to read: +3 min

Washington, DC CNN —Tesla revealed on Friday a prototype of a humanoid robot that it says could be a future product for the automaker. The robot, dubbed Optimus by Tesla, walked stiffly on stage at Tesla’s AI Day, slowly waved at the crowed and gestured with its hands for roughly one minute. Tesla plans to use its AI expertise to develop a humanoid robot. Compared to that, it’s going to be very impressive.”Tesla is not the first automaker to develop a humanoid robot. In its final form, Asimo was a child-size humanoid robot capable of untethered walking, running, climbing and descending stairs, and manipulating objects with its fingers.

☆ Markets in a tailspin get a big dose of chill from the Bank of England
▼ + stars: | 2022-09-28 | by ( Allison Morrow | ) edition.cnn.com time to read: +7 min

The global financial system is “like a pressure cooker” right now, said Chris Turner, global head of markets at ING. Once, the idea of paying sticker price at a dealership was laughable — a trap that only suckers would fall into. The South Korean company’s sedans and SUVs are selling for about 6% over their sticker price, according to data from Edmunds.com. Used car prices — which shot up to dizzying heights early in the pandemic — have finally begun falling. “Speak to any (very) large used car dealer and you will hear the same - an absolute vortex of deflation is coming to used car prices,” tweeted Ophir Gottlieb, the CEO of Capital Market Laboratories, earlier this month.

☆ BlackBerry takes a knock as cybersecurity revenue drop clouds automotive demand
▼ + stars: | 2022-09-27 | by ( ) www.reuters.com time to read: +2 min

A sign is displayed on the building Blackberry's offices in Waterloo, Ontario, Canada, May 29, 2018. The company said in an earnings call that cybersecurity segment revenue in the third quarter is expected to be flat year-on-year. BlackBerry's QNX software is now embedded in over 215 million vehicles worldwide, helped by surging demand for electric vehicles and connected-car technologies. read moreTotal revenue fell 4% to $168 million for the quarter ended Aug. 31, compared with a consensus estimate of $166.7 million, according to IBES data from Refinitiv. Excluding items, the company posted a loss of 5 cents per share, narrower than analysts' expectations of loss of 7 cents.

☆ BlackBerry beats quarterly revenue estimates
▼ + stars: | 2022-09-27 | by ( ) www.reuters.com time to read: +1 min

Sept 27 (Reuters) - Canada's BlackBerry Ltd (BB.TO), beat analysts' estimates for second-quarter revenue on Tuesday, powered by demand for its QNX automotive software from automakers betting on more connected vehicles. BlackBerry's QNX software is now embedded in over 215 million vehicles worldwide, it said, helped by surging demand for electric vehicles and connected-car technologies. Sales in the Internet of things (IoT) unit, which includes the QNX software, rose about 28% to $51 million in the reported quarter. Revenue fell 4% to $168 million for the quarter ended Aug. 31. The company's net loss narrowed to $54 million, or 10 cents per share, in the three-month period, from a loss of $144 million, or 25 cents per share, a year earlier.

☆ Honda's smallest SUV is stylish inside and out but disappointingly slow. See 5 pros and cons of the 2023 HR-V.
▼ + stars: | 2022-09-27 | by ( Tim Levin | ) www.businessinsider.com time to read: +3 min

I tested the 2023 Honda HR-V, the newest version of Honda's smallest SUV. Pro: Stylish inside and outThe 2023 Honda HR-V. Tim Levin/InsiderThe new HR-V dumps its predecessor's stubby proportions and quirks in favor of a smooth, modern, and ultimately more high-end look. Con: Sluggish on the highwayThe 2023 Honda HR-V. Tim Levin/InsiderTo be sure, nobody is buying a small SUV for its zero-to-60-mph time. Pro: Roomy interiorThe 2023 Honda HR-V. Tim Levin/InsiderThe new HR-V shares a chassis with the Civic sedan rather than the pint-sized Fit hatchback (which has been canceled in the US). Pro: Generous safety features and driver aidsThe 2023 Honda HR-V. Tim Levin/InsiderAll HR-Vs come with ample safety and driver-assistance tech as part of the Honda Sensing suite.

☆ Kia, once the ‘value’ brand, now has the biggest price markups
▼ + stars: | 2022-09-27 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +6 min

CNN Business —Reversing a century of tradition, most cars now sell for over the manufacturer’s sticker price. It isn’t some luxury or performance brand; it’s Kia, the South Korean car brand usually thought of as a value purchase. On average, Kia cars and SUVs are selling for about 6% over their sticker price, according to data from Edmunds.com. Roughly tied for second, at 4% above sticker price on average, are Honda, Hyundai and the luxury SUV brand Land Rover. Kia Motors AmericaAdding to the pressure is that, while manufacturing slowdowns have hit the whole industry, Kia models are especially hard to find.

☆ Formula 1 in 2023: Record 24-race calendar revealed as Las Vegas debuts and China returns
▼ + stars: | 2022-09-21 | by ( Matt Morlidge | ) www.cnbc.com time to read: +4 min

"We are excited to announce the 2023 calendar with 24 races around the world. Making way for 2023 is the French GP, and a previously touted race in South Africa has not been included. The calendar was approved by the FIA and the World Motor Sport Council and revealed by F1's governing body on Tuesday. Formula 1 has revealed a record race calendar for 2023, with the sport set to hold 24 races in a season for the very first time. The 2023 Formula One Monaco Grand Prix will be held on Sunday 28th May, 2023."

Search resuls for: "honda"

25 mentions found