Uber will manage an on-demand service for Marin County in the San Francisco Bay area with a Software as a Service product as part of the ride-hailing company’s broader strategy to push into public transit. Marin Transit will pay Uber a subscription fee to use its management software to facilitate requesting, matching and tracking of… Continue reading Uber pushes into on-demand public transit with its first SaaS partnership
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U.S. SEC has problems with car rental firm Hertz selling new shares – CNBC
June 17 (Reuters) – U.S. Securities and Exchange Commission (SEC) has told bankrupt Hertz Global Holdings Inc it has issues with the car rental firm’s plan to sell new shares, the agency Chairman Jay Clayton told CNBC television on Wednesday. Last week, Hertz won bankruptcy court approval to sell up to $1 billion in stock.… Continue reading U.S. SEC has problems with car rental firm Hertz selling new shares – CNBC
EU worried Fiat-PSA deal may hit competition in vans
BRUSSELS (Reuters) – Fiat Chrysler (FCHA.MI) and Peugeot maker PSA’s (PEUP.PA) proposed merger may harm competition in small vans in 14 EU countries and Britain, EU antitrust regulators said on Wednesday as they opened a four-month investigation into the deal. FILE PHOTO: Logos of Peugeot and Fiat are seen in this illustration picture taken October… Continue reading EU worried Fiat-PSA deal may hit competition in vans
FCA moves closer to state guarantee for $7.1 billion loan: source
ROME (Reuters) – Italy’s Treasury has taken a further step towards approving a state guarantee for a 6.3 billion euro ($7.1 billion) loan for Fiat Chrysler’s (FCHA.MI) Italian unit, a government source told Reuters on Wednesday. FILE PHOTO: Fiat Chrysler Automobiles (FCA) headquarters are seen in Turin, Italy, July 21, 2018. REUTERS/Massimo Pinca/File Photo The… Continue reading FCA moves closer to state guarantee for $7.1 billion loan: source
UPDATE 1-EU worried Fiat-PSA deal may hit competition in vans
BRUSSELS (Reuters) – Fiat Chrysler (FCHA.MI) and Peugeot maker PSA’s (PEUP.PA) proposed merger may harm competition in small vans in 14 EU countries and Britain, EU antitrust regulators said on Wednesday as they opened a four-month investigation into the deal. FILE PHOTO: The logos of car manufacturers Fiat and Peugeot are seen in front of… Continue reading UPDATE 1-EU worried Fiat-PSA deal may hit competition in vans
EU antitrust regulators to investigate Fiat, PSA merger
FILE PHOTO: Logos of Peugeot and Fiat are seen in this illustration picture taken October 31, 2019. REUTERS/Regis Duvignau/Illustration BRUSSELS (Reuters) – European Union antitrust regulators opened on Wednesday an investigation into Fiat Chrysler (FCHA.MI) and Peugeot maker PSA’s (PEUP.PA) proposed merger, saying the deal may harm competition in 14 EU countries and Britain. The… Continue reading EU antitrust regulators to investigate Fiat, PSA merger
Exclusive: Who’s in charge at Nissan? COO’s allies push to give him shared CEO role – sources
(Reuters) – Nissan’s chief operating officer Ashwani Gupta helped engineer the troubled automaker’s latest turnaround plan. Now his allies are pressing the board to promote him to co-CEO to drive the new strategy, said four people with direct knowledge. FILE PHOTO: Nissan Motor COO Ashwani Gupta speaks during a news conference at Nissan Motor headquarters… Continue reading Exclusive: Who’s in charge at Nissan? COO’s allies push to give him shared CEO role – sources
Umicore Gets €125 Million Loan From EIB For Battery Materials Plant
Belgium/Poland: EIB and Umicore conclude €125 million loan for battery materials production in Poland 15 June 2020 First EIB loan to the Belgian group to finance the construction of a cathode material manufacturing facility in Nysa, Poland Umicore’s facility will support its customers in meeting the growing demand for rechargeable lithium-ion batteries for electric… Continue reading Umicore Gets €125 Million Loan From EIB For Battery Materials Plant
SLAMcore Raises $5M in Funding
SLAMcore, a London, UK-based company developing spatial AI algorithms for robots and drones, secured $5m in funding. The round was led by Octopus Ventures and MMC Ventures, with participation from Amadeus Capital Partners and Toyota AI Ventures. The company intends to use the funds to speed up the availability of its solutions, including its recently… Continue reading SLAMcore Raises $5M in Funding
Arrival expands beyond electric delivery vans with a new EV bus
Arrival’s all-electric delivery vans have won the UK startup a lot of buzz and ample funding from grownup companies like UPS and Hyundai, all before any of those vehicles have actually been deployed. But now the startup is ready to reveal it’s been working on another type of electric vehicle: buses. Later today, Arrival will… Continue reading Arrival expands beyond electric delivery vans with a new EV bus