Category: News Type

Mahindra Signs MOUs with Government of Maharashtra for Electric Vehicle Manufacture and Deployment

Mahindra Signs MOUs with Government of Maharashtra for Electric Vehicle Manufacture and Deployment Mahindra to boost further investment in its Chakan plant for manufacture of EVs/EV components Government of Maharashtra confers status of ‘Pioneer Mega Project’ to the investment made by Mahindra towards manufacture of EV / EV components Mahindra to deploy 1,000 EVs over… Continue reading Mahindra Signs MOUs with Government of Maharashtra for Electric Vehicle Manufacture and Deployment

Taxify Raises $175M in Funding; Valued at $1 Billion

Taxify, an Estonia-based taxi hailing company, raised $175m in funding. The round, which brings Taxify’s valuation to $1 billion, was led by Daimler, with participation from Korelya Capital, and Taavet Hinrikus, which joined existing investors Didi Chuxing. In conjunction with the funding, Daimler will join Taxify’s board. The company intends to use the funds to… Continue reading Taxify Raises $175M in Funding; Valued at $1 Billion

Taking Getaround for a spin: Can the Airbnb model work for renting your neighbor’s car?

Using a smartphone app, I was able to rent someone’s car in Seattle — this nice 2008 Nissan Rogue — and drive it around for a few hours thanks to a new service in town called Getaround. (GeekWire photo / Kurt Schlosser) Over the past decade, we’ve been conditioned to be comfortable with the notion of… Continue reading Taking Getaround for a spin: Can the Airbnb model work for renting your neighbor’s car?

Car company: PSA rejects reports of price increases for spare parts

PSA plant in France The car maker sees the allegations as unfounded. (Photo: AFP) ParisDer French carmaker PSA (Citroen, Peugeot, Opel) has rejected media reports, according to which he should have driven up certain spare parts prices with the help of a special software. The allegations are unfounded, said a spokesman on Thursday the German… Continue reading Car company: PSA rejects reports of price increases for spare parts

Simba in talks with four major car makers about assembly in Kenya

Nairobi — Simba Corporation, a closely held Kenyan company, is in talks with four vehicle makers, including France’s Renault, about assembling their vehicles in East Africa’s biggest economy. The manufacturers are looking to tap demand in an industry that’s expected to grow 15% this year, CEO Adil Popat said in an interview in the capital,… Continue reading Simba in talks with four major car makers about assembly in Kenya

Waymo to get more than 60000 cars from Fiat Chrysler for robotaxis

(Reuters) – Fiat Chrysler Automobiles NV will add up to 62,000 more cars to Alphabet Inc’s autonomous driving unit Waymo, the companies said on Thursday, as part of Waymo’s plan to roll out a robotaxi service in the U.S. later this year. A Waymo self-driving car is seen during the annual Google I/O developers conference… Continue reading Waymo to get more than 60000 cars from Fiat Chrysler for robotaxis