Category: News Site

JCB Group acquires Hidsons to expand with new franchise partners

JCB Group has added Kia, Citroen, Mitsubishi and SsangYong to its list of franchise partners with the acquisition of the family-owned Hidsons Group. The acquisition of the £45 million turnover (2016) Hidsons Group’s operation in North Kent was hailed as “a perfect fit, both culturally and geographically” and add a further six dealerships to the group… Continue reading JCB Group acquires Hidsons to expand with new franchise partners

Daimler invests in what3words, an innovative address system to implement on Mercedes-Benz’s new infotainment system

Daimler AG is expanding cooperation with the start-up what3words. As part of the move, the company took part in a round of financing by what3words and acquired a share of around ten percent. In addition, Mercedes-Benz will be the first automobile manufacturer to integrate the new three-word address system and make it available to its… Continue reading Daimler invests in what3words, an innovative address system to implement on Mercedes-Benz’s new infotainment system

Grab, Uber’s rival in Southeast Asia, pulls in strategic investment from Hyundai

Grab, Uber’s closest rival in Southeast Asia, continues to slowly release information about its newest funding round after it revealed it has netted a strategic investment from Hyundai. To recap, the Singapore-based firm raised a massive $2 billion led by SoftBank and China’s Didi Chuxing last July with plans to extend the round by a… Continue reading Grab, Uber’s rival in Southeast Asia, pulls in strategic investment from Hyundai

Street scooter: Post allies with BMW subsidiary

StreetScooter Deutsche Post is alliance for the sale of its electric van with the BMW leasing subsidiary Alphabet. (Photo: AP) The German postal service teams up with the sale of their electric van Streetscooter BMWLeasing daughter alphabet. Both companies responded to the growing demand for electric transporters with their cooperation, said the Post on Thursday.… Continue reading Street scooter: Post allies with BMW subsidiary

Gates Group buys four TrustFord dealerships

Gates Group has acquired four car dealerships in London from TrustFord for an undisclosed sum. The dealerships in Woodford Green, Walthamstow, Enfield and Potters Bar join Gates’ existing dealerships in Bishop’s Stortford, Hertford, Epping and FordStores in Stevenage, St Albans and Harlow. Gates is rated 89 in the Motor Trader Top 200 with annual turnover… Continue reading Gates Group buys four TrustFord dealerships

Ford to put auto emergency brakes on two 2019 models

The brakes are part of a suite of standard safety features on the new Edge, Ford said, including technology that detects objects and pedestrians and can prevent collisions by automatically braking and steering for the driver. Ford Motor Co said on Thursday it will make automatic emergency brakes standard on two key 2019 models, an… Continue reading Ford to put auto emergency brakes on two 2019 models

CES 2018: Koolicar wants to simplify carsharing thanks to augmented reality

Present in Las Vegas alongside his partner and PSA shareholder, Koolicar takes advantage of CES to show that he wants to reinvent mobility. The startups French car-sharing expert has unveiled an augmented reality feature that will be tested this year, Koolicar Go. “A little nod to Pokémon Go,” laughs the founder of the car rental… Continue reading CES 2018: Koolicar wants to simplify carsharing thanks to augmented reality

Prosecutor investigates ex-BMW manager

A former manager of BMW has been targeted by the prosecutor. He is suspected of having received kickbacks for years. BMW headquarters in Munich Thursday, 11.01.2018 15:46 clock The prosecutor Munich I investigates against a former BMWManager and eight other accused. This was confirmed by the group. As the “Wirtschaftswoche” reports, citing the Munich authorities,… Continue reading Prosecutor investigates ex-BMW manager

Singapore’s BM Mobility offers to buy Malaysia’s electric car-sharing firm UNiRIDE

January 11, 2018 BM Mobility Ltd, a Singapore-listed investment holding firm, said Thursday that it has offered to acquire Malaysian electric car- sharing firm UNiRide Ecotour Sdn Bhd (UNiRIDE), for RM850,000 ($212,944). UNiRIDE, founded in 2015, is currently 75%-owned by Wanted Marketing Communications Sdn Bhd, an authorized sales agent for electric bike manufacturer Treeletrik Sdn… Continue reading Singapore’s BM Mobility offers to buy Malaysia’s electric car-sharing firm UNiRIDE