Uber is holding acquisition talks with food delivery startup Postmates, the New York Times reports. Earlier this year Uber was reported to be holding acquisition talks with Grubhub, but these reportedly fell through and in mid-June Grubhub announced it was merging with Just Eat. Postmates is smaller than Grubhub, and could also expose Uber to… Continue reading Uber is reportedly in talks to buy food delivery firm Postmates for $2.6 billion
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Mini factory staff test positive for coronavirus
Nine assembly line workers at the Mini car factory in Oxford have tested positive for coronavirus. BMW, which owns the plant, said it is “monitoring the situation” and the site remains open following “detailed” talks with Public Health England. Production at the factory in Cowley was halted in March because of the pandemic but resumed… Continue reading Mini factory staff test positive for coronavirus
China’s smart electric vehicle player NIO Anhui raises $679m from investors
NY-listed Chinese leading smart electric vehicle company NIO Inc on Tuesday said that its fully-owned unit NIO (Anhui) Holding Co Ltd has received a cash injection of 4.8 billion yuan ($679 million) in line with an agreed payment schedule with strategic investors. In April this year, NIO had forged an agreement with a slew of… Continue reading China’s smart electric vehicle player NIO Anhui raises $679m from investors
Bridgestone, Microsoft partner to develop real-time tyre damage monitoring system
Bridgestone, one of the lading tyre and rubber manufacturer, is collaborating with American software major Microsoft to develop a world-first monitoring system for detecting tyre damage issues in real-time. The company says these issues are a serious matter and contributing to around 30 percent of all car accidents caused by technical failure. According to Bridgestone,… Continue reading Bridgestone, Microsoft partner to develop real-time tyre damage monitoring system
London Motor Show to return in 2021
Not all is lost for motor show goers. Even though the mother of all car expos, the Geneva Motor Show, has been officially cancelled for 2021, news comes in that the London Motor Show is on for next year. After four years of sell-out events followed by a ‘rest in 2020’, The London Motor Show… Continue reading London Motor Show to return in 2021
DigniFi Raises $14M in Series A Funding
DigniFi, a Seattle, WA-based financing platform for auto repairs and services, raised $14m in Series A funding. Backers included Austin-based BuildGroup, the permanent capital company started by Lanham Napier, formerly of RackSpace, and Exor Seeds, the venture arm of Exor N.V., the holding company of the Agnelli family (controlling shareholder of Fiat Chrysler, Ferrari, CNHI,… Continue reading DigniFi Raises $14M in Series A Funding
Skipr Raises €7M in Funding
Skipr, a Brussels, Belgium-based B2B Mobility as a Service startup, raised €7m in funding. The round was led by Belfius, with participation from existing investor Lab Box, the startup studio of D’Ieteren Auto, a key player in Belgian automobile distribution. The company intends to use the funds to continue scaling its business in Belgium and… Continue reading Skipr Raises €7M in Funding
Q&A: The Masterminds Behind Toyota’s Self-Driving Cars Say AI Still Has a Way to Go
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EV Truck Company Hyliion Is Soaring — and It Isn’t Even Publicly Traded Yet
The gap between Tortoise’s share and warrant prices reflects the risk of not being able to exercise until the late fall. Go to Source
After losing Grubhub, Uber reportedly hails Postmates
Uber has reportedly made an offer to buy food delivery service Postmates, according to The New York Times. According to the Times, the talks are still ongoing and the deal could fall through. For those that have been paying attention to Uber, this appetite is not new, albeit consistent. A little over a month ago,… Continue reading After losing Grubhub, Uber reportedly hails Postmates