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Germany’s Opel announces plans for electric van in 2020

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German automaker Opel is set to roll out an electric model of its Vivaro van.

The new midsize van will be available as a battery electric vehicle in 2020, the company said in an announcement Thursday.

In addition, Opel will open its order books for a battery electric version of its popular Corsa model and a plug-in hybrid version of its Grandland X sports utility vehicle (SUV) in the first half of 2019.

Opel’s CEO, Michael Lohscheller, said that the new Corsa would “make electro-mobility affordable for many customers.”

Lohscheller added that the company was “putting maximum effort into the electrification of our portfolio.”

Founded in 1862, Opel is one of the largest carmakers in Europe. It has been part of French company Groupe PSA since August last year.

Opel is among several major companies ramping up their presence in the electric vehicle sector.

In 2017, for example, Volvo Cars announced that every new car it launched would have an electric motor from 2019. The business also wants fully-electric cars to account for 50 percent of sales by the year 2025.

In September 2018, Mercedes-Benz launched its first totally electric SUV. The Mercedes-Benz EQC was unveiled at an event in Stockholm, Sweden, and is the first vehicle produced under Mercedes’ technology brand EQ. September also saw Audi begin mass production of its e-tron, the brand’s first totally-electric SUV.

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DP World plans to launch its first hyperloop for cargo in India

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Virgin Hyperloop One built the world's first working, full-sized hyperloop test in Nevada. It ran last year for a little less than a third of a mile, and accelerated a 28-foot pod to 192 miles per hour in a few seconds.

Source: Virgin Hyperloop

Virgin Hyperloop One built the world’s first working, full-sized hyperloop test in Nevada. It ran last year for a little less than a third of a mile, and accelerated a 28-foot pod to 192 miles per hour in a few seconds.

“We believe there is a need for it in India,” the chairman continued. “One of the big problems in India is transportation, the congestion.” He described hyperloop’s technology as potentially providing a transformative solution for the country of 1.3 billion as it runs underground, out of public view.

Virgin Hyperloop One is one of a few companies racing to develop the technology that is hoped will revolutionize transportation of people and goods.

First envisioned by Tesla founder Elon Musk in 2013, hyperloop transport promises to be faster than air travel but at a fraction of the cost. The concept is designed to propel pods through a large tube underground at speeds of 750 mph using magnets.

As for when the project will begin, bin Sulayem declined to offer a timeline but said an announcement would come soon. “We have a team in India that is working very hard, we’re working with our office here and in Los Angeles, but we are not wasting our time. The technology we brought into the company has improved 10 times. Whenever I meet with them I see something new.”

DP World is among the top four largest port operators on the planet by cargo tonnage.

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South Korea signs deal to pay more for US troops after Trump demand

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U.S. Marine soldiers from 31st Marine Expeditionary Unit, Battalion landing team deployed from Okinawa, Japan, participate in the U.S. and South Korean Marines joint landing operation at Pohang seashore on March 29, 2012 in Pohang, South Korea. 

Chung Sung-Jun | Getty Images News | Getty Images

U.S. Marine soldiers from 31st Marine Expeditionary Unit, Battalion landing team deployed from Okinawa, Japan, participate in the U.S. and South Korean Marines joint landing operation at Pohang seashore on March 29, 2012 in Pohang, South Korea. 

South Korean officials signed a short-term agreement on Sunday that would boost the amount Seoul contributes toward the upkeep of U.S. troops on the peninsula, after a previous deal lapsed amid U.S. President Donald Trump’s call for more money.

The new deal must still be approved by South Korea’s parliament, but it would boost South Korea’s contribution to 1.03 trillion won ($890 million) from 960 billion won in 2018.

Unlike past agreements, which lasted for five years, this deal is scheduled to expire in one year, potentially forcing both sides back to the bargaining table within months.

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How Gorilla Glass is made inside Corning’s Kentucky factory

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15 Hours Ago

CNBC got an inside look at Corning’s oldest glass factory in Harrodsburg, Kentucky where Gorilla Glass is made. Corning makes the glass that covers 6 billion smartphones, tablets, screens and wearables worldwide for Apple, Samsung, LG, Sony, Huawei and a variety of other manufacturers.

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