Category: News Type

H-E-B acquires Texas-based on-demand company Favor

H-E-B has acquired Favor, the on-demand delivery service out of Texas. Favor will continue to operate as an independent wholly owned subsidiary of the grocery chain. The company first in 2013, bringing a Texas-tailored approach to on-demand delivery. While many on-demand services, such as Postmates, focus on high-density areas like NYC and San Francisco, Favor… Continue reading H-E-B acquires Texas-based on-demand company Favor

Carlos Ghosn continues as Renault boss until 2022

Renault Group boss Carlos Ghosn has been tasked with making the Renault-Nissan-Mitsubishi Alliance “irreversible” by ensuring better integration, as the company’s board of directors decided to renew his position for another four years.  Implementing Renault’s ‘Drive the future’ mid-term plan will be Ghosn’s main focus, with that plan ending in the same year as Ghosn’s extended tenure comes… Continue reading Carlos Ghosn continues as Renault boss until 2022

Limebike Raises $70M B+ Round As Bike Sharing Competition Intensifies

US-based bike sharing company LimeBike has raised a US$70 million B+ round, the company announced today. The funds will suppport the company’s expansion beyond its core bike rental business, to include electric bikes and scooters, differentiating it from Chinese bike sharing giants such as Mobike and ofo. California-based Fifth Wall Ventures led the funding round, which brings… Continue reading Limebike Raises $70M B+ Round As Bike Sharing Competition Intensifies

Aspark Owl EV supercar launch videos claim 62 mph in under 2 seconds

At last year’s Frankfurt Motor Show, we were introduced to the Aspark Owl, yet another electric supercar (so it gives a hoot and doesn’t pollute), this time from Japan. And like so many of these upstart electric sports cars, it combines striking styling with pretty outrageous claims. The calling card for the Owl was a… Continue reading Aspark Owl EV supercar launch videos claim 62 mph in under 2 seconds

Elon Musk promises Model 3 safety changes after crash report

Engadget Tesla has an excellent reputation for safety and it looks like the Model 3 is just as solid as its other EVs — but it still needs a few tweaks. Reddit user “Model 3 Crash Dummy” managed to walk away from an accident that totaled his car, despite the fact that “the paramedics said… Continue reading Elon Musk promises Model 3 safety changes after crash report

AAM Reports Fourth Quarter and Full Year 2017 Financial Results

Terms of Use ATTENTION: PLEASE READ THESE TERMS CAREFULLY BEFORE USING THIS WEBSITE. USING THIS WEBSITE INDICATES THAT YOU ACCEPT THESE TERMS. IF YOU DO NOT ACCEPT THESE TERMS (“TERMS”), DO NOT USE THIS SITE. Use of AAM WebsiteAmerican Axle & Manufacturing, Inc. (“AAM”) authorizes you to view and download the materials on this website… Continue reading AAM Reports Fourth Quarter and Full Year 2017 Financial Results

Ineos Grenadier: prototypes due in 2018 under new engineering deal

German engineering firm MBtech, which is part-owned by Mercedes-Benz, has signed a deal with Ineos Automotive to engineer its Land Rover Defender-inspired Projekt Grenadier SUV. The technical tie-up will involve MBtech allocating 200 full-time engineers to the project from its Stuttgart base. According to Ineos Automotive CEO Dirk Heilmann, the deal will: “bring together German engineering and British design and entrepreneurship”.… Continue reading Ineos Grenadier: prototypes due in 2018 under new engineering deal

Mahindra to Invest in Zoomcar

Mahindra to Invest in Zoomcar Investment in keeping with Mahindra’s thrust on Shared Mobility Business To invest up to Rs 176 crore February 15, 2018 Mumbai: Mahindra & Mahindra Ltd., part of the USD 19 billion Mahindra Group, today announced that it would be investing in Zoomcar India Private Limited and in Zoomcar Inc., its… Continue reading Mahindra to Invest in Zoomcar

2017 ANNUAL RESULTS – STRONG PERFORMANCE IN 2017 WITH OPERATING MARGIN AT 7% OF SALES IN H2 2018, GUIDANCE AHEAD OF ROADMAP

Record order intake at €62 Bn, up €9 Bn. Acceleration of innovation strategy. Proposed dividend of €1.10 per share, up 22% year-on-year in €m 2016 2017 Change Sales* 15,613.6 16,962.2 +10.6%** Operating income 970.2 1,170.3 +20.6% as % of sales 6.2% 6.9% +70bps Net income from continued operations 532.5 714.5 +34.2% Recurring net cash flow… Continue reading 2017 ANNUAL RESULTS – STRONG PERFORMANCE IN 2017 WITH OPERATING MARGIN AT 7% OF SALES IN H2 2018, GUIDANCE AHEAD OF ROADMAP