Miller’s Orlando Rentco will keep the Advantage brand name. Photo courtesy of Dan Miller. Through his company Orlando Rentco, Dan Miller, owner of the ACE affiliate at Orlando International Airport (MCO), has acquired six airport locations from Advantage Rent A Car, which declared bankruptcy May 26. Orlando Rentco will acquire Advantage’s Miami, Tampa, Atlanta, Charlotte,… Continue reading Dan Miller Acquires 6 Advantage Locations
Category: News Site
IONITY Celebrates 250th Fast-Charging Station In Europe
IONITY, the European fast-charging network, founded in 2017 by BMW Group, Daimler AG, Ford Motor Company and the Volkswagen Group with Porsche AG, and joined by Hyundai Motor Group (Hyundai and Kia) in 2019, celebrates its 250th charging location. The company announced the news on July 3, 2020, about six months since the milestone of 200… Continue reading IONITY Celebrates 250th Fast-Charging Station In Europe
Fastned Acquires Fast-Charging Network MisterGreen
Fastned acquires fast charging network MisterGreen Amsterdam, 01 July 2020 | 17:40 Europe/Amsterdam Today Fastned announces it has taken over the fast charging company of MisterGreen. As a result Fastned has acquired the rights to operate fast charging stations at 16 high traffic service areas along national highways in the Netherlands. The locations are mostly… Continue reading Fastned Acquires Fast-Charging Network MisterGreen
APWORKS’ high-strength Scalmalloy approved for Formula 1
APWORKS, a specialist in aerospace 3D printing, has announced that its aluminum alloy, Scalmalloy, has been added to the Formula 1 regulations as an approved AM material by the FIA (Fédération Internationale de l’Automobile). The high strength alloy was originally developed by APWORKS and its parent company Airbus for aerospace components but has since found… Continue reading APWORKS’ high-strength Scalmalloy approved for Formula 1
UK govt, India’s Bharti win auction for satellite firm OneWeb
Britain has joined forces with India’s Bharti Global to buy the collapsed satellite operator OneWeb, with the two sides pledging $1 billion between them to develop a constellation that could boost broadband and other services. Under the deal announced on Friday, Britain will invest $500 million and hold a stake of around 45% in OneWeb… Continue reading UK govt, India’s Bharti win auction for satellite firm OneWeb
Tesla secures more batteries from LG Chem, says report
Tesla has reportedly secured more battery supply from LG Chem who is going to assign capacity from a Korean factory to the California-based automaker. It wasn’t long ago that Panasonic was Tesla’s sole supplier of battery cells. Over the last few years, Tesla started branching out and made deals with Samsung SDI and LG Chem… Continue reading Tesla secures more batteries from LG Chem, says report
Italy to introduce subsidies to combustion engine cars to help industry: lawmakers
MILAN/ROME (Reuters) – The Italian Parliament gave the green light on Friday to a package of incentives to encourage sales of state-of-the-art combustion engine cars as well as electric and hybrid vehicles, two lawmakers told Reuters. Italy will be joining France and Germany in helping the automotive industry, which has been hammered by the coronavirus… Continue reading Italy to introduce subsidies to combustion engine cars to help industry: lawmakers
Carwiz Opens New Offices in Portugal, Czech Republic
Thanks to new measures, Carwiz’s advantage is the innovation given to franchisees upon signing the franchise contract and complete independence when it comes to fleet supply and business models. Photo via Carwiz. Carwiz has signed another two contracts in Czech Republic in the busiest parts of Czech Republic — Prague and Ostrava. Simultaneously, collaborations have started in Portugal with offices… Continue reading Carwiz Opens New Offices in Portugal, Czech Republic
Amazon’s $1.2 billion deal to buy Zoox shows just how hard building a self-driving car still is —and why even more startups could become buyout targets (AMZN, UBER, WMT)
Amazon’s deal to buy self-driving car startup Zoox could foreshadow more deals to come. Autonomous vehicle technology is proving to be much harder to develop than early enthusiasts predicted. It could take a decade or more and tens of billions of dollars for the industry to develop commercially viable robo-taxi services that are built around… Continue reading Amazon’s $1.2 billion deal to buy Zoox shows just how hard building a self-driving car still is —and why even more startups could become buyout targets (AMZN, UBER, WMT)
SH-listed SAIC Motor unit to acquire 28.92% stake in CAR for $245m
Chinese state-owned automotive design and manufacturing giant SAIC Motor Corporation Limited announced that its Hong Kong-based unit SAIC HK is acquiring a 28.92% stake in HK-listed troubled car rental service provider CAR Inc for as much as HK$1.902 billion ($245 million). CAR’s former actual controller Zhengyao Lu, the founder of scandal-tainted Luckin Coffee, will not… Continue reading SH-listed SAIC Motor unit to acquire 28.92% stake in CAR for $245m