Bangalore, 17 January 2018 – Grab, the leading on-demand transportation and mobile payments platform in Southeast Asia, today announced it has acquired Bangalore-based payments startup iKaaz. The rich functionality of iKaaz’ mobile payments platform and its experienced leadership team will accelerate feature development and partner integration of GrabPay, Grab’s payments platform. Already Southeast Asia’s #1… Continue reading Grab announces acquisition of Bangalore-based payments startup iKaaz
Category: Official Press Release
Swedish engine plant is Volvo Cars’ first climate-neutral manufacturing site
Swedish engine plant is Volvo Cars’ first climate-neutral manufacturing site Volvo Cars’ engine factory in Skövde, Sweden, has become the company’s first climate-neutral manufacturing plant, having switched to renewable heating as of 1 January 2018. Skövde is the first plant in Volvo Cars’ global manufacturing network to reach this status, which marks a… Continue reading Swedish engine plant is Volvo Cars’ first climate-neutral manufacturing site
Volkswagen Group deliveries reach all-time high
The Volkswagen Group delivered more vehicles than ever before in fiscal year 2017: 10.74 million customers worldwide chose a vehicle from the Volkswagen Group. As a result, Group deliveries rose 4.3 percent compared with the previous year. At almost one million units, deliveries in December were up by a clear 8.5 percent. Matthias Müller, CEO of the… Continue reading Volkswagen Group deliveries reach all-time high
Statement Regarding Impact of Kobe Steel Quality Issue on Toyota and Lexus Vehicles (final report)
Jan. 17, 2018 News Release We regret any inconvenience and concern caused to customers of Toyota and Lexus vehicles. In response to the series of announcements made by Kobe Steel Ltd. regarding improper conduct related to materials used in vehicles, we have urgently investigated the impact of this matter on Toyota and Lexus vehicles. On… Continue reading Statement Regarding Impact of Kobe Steel Quality Issue on Toyota and Lexus Vehicles (final report)
INFINITI Q Inspiration named ‘Best Concept Vehicle’ and awarded ‘Best Designed Interior’ at 2018 NAIAS by EyesOn Design
The Q Inspiration Concept explores a new design language and new proportions for INFINITI DETROIT – The INFINITI Q Inspiration Concept today was named “Best Concept Vehicle” and also awarded “Best Designed Interior” by EyesOn Design at the 2018 North American International Auto Show. The Q Inspiration concept, a preview of INFINITI’s future form language… Continue reading INFINITI Q Inspiration named ‘Best Concept Vehicle’ and awarded ‘Best Designed Interior’ at 2018 NAIAS by EyesOn Design
Mazda Leads Manufacturer Adjusted Fuel Economy in US Environmental Protection Agency Report for Fifth Consecutive Year
2018/01/17 Products and Technology HIROSHIMA, Japan-Mazda Motor Corporation has announced that the Light Duty Fuel Economy Trends Report,1 released by the US Environmental Protection Agency (EPA) on Jan. 12, 2018, lists the company as having the highest overall Manufacturer Adjusted Fuel Economy for the 2016 model year. 2 Mazda receives the first-place ranking for the… Continue reading Mazda Leads Manufacturer Adjusted Fuel Economy in US Environmental Protection Agency Report for Fifth Consecutive Year
INFINITI to go electric from 2021
INFINITI will launch its first pure electric vehicle in the same year Electrified vehicles will comprise more than half of INFINITI global sales by 2025 DETROIT – INFINITI Motor Company will introduce new vehicles with electrified powertrains from 2021, said Nissan Chief Executive Officer Hiroto Saikawa at the Automotive News World Congress today. Customers can expect… Continue reading INFINITI to go electric from 2021
Bosch technology enables redundancy needed for automated driving
DETROIT – Without redundancy, there is no automated driving. The promise of automated driving requires a mix of technological, societal and regulatory development and cooperation. The technology continues to advance thanks to sensors and software, but also thanks to redundancy. In order to realize fully-automated driving on the path to the accident-free future, redundancy in… Continue reading Bosch technology enables redundancy needed for automated driving
Ford Details Plans to Improve Fitness, Refocus Model Lineup and Accelerate Introduction of Smart Vehicles and Services
Operational fitness, portfolio rationalization and increased investments in electrification, autonomy and mobility at core of company strategy Company increases planned investments in electrification to $11 billion by 2022 Expanded electrified portfolio to include 40 electrified vehicles globally, including 16 full battery electric vehicles by 2022 Announces preliminary results for full-year 2017 of $1.95 earnings-per-share (EPS)… Continue reading Ford Details Plans to Improve Fitness, Refocus Model Lineup and Accelerate Introduction of Smart Vehicles and Services
Boeing, Adient Launch New Company to Design and Build Airplane Seats
SEATTLE, Jan. 16, 2018 /PRNewswire/ — Boeing [NYSE: BA] and Adient [NYSE: ADNT] today announced the formation of Adient Aerospace, a joint venture that will develop, manufacture and sell a portfolio of seating products to airlines and aircraft leasing companies. The seats will be available for installation on new airplanes and as retrofit configurations for… Continue reading Boeing, Adient Launch New Company to Design and Build Airplane Seats