SHARE NOW, in conjunction with its shareholders at Daimler AG and The BMW Group, has decided to exit the North American market and cease operations in London, Brussels and Florence effective February 29, 2020. The decision to close North America was made based on two extremely complicated realities. The first being the volatile state of… Continue reading SHARE NOW has decided to exit North American market and cease certain European operations
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German automakers do U-turn on car-sharing push
Fading spectre of ‘peak car’ diminishes appeal of investing in vehicle-sharing and ride-hailing apps Go to Source
General Motors Wants Self-Driving Cars to Lose the Steering Wheel
No Hands! General Motors has a bold plan for testing its self-driving cars: rip out the steering wheel and let them roam on public streets. The company is currently petitioning the U.S. National Highway Traffic Safety Administration (NHTSA) for permission to begin the test, according to Reuters. And while the company seems convinced that the… Continue reading General Motors Wants Self-Driving Cars to Lose the Steering Wheel
Ford’s next Focus RS may be a powerful hybrid
Sponsored Links Ford Ford’s electrification plans might include an eco-friendly version of a hot hatchback. Car sources claim the 2021 Focus RS will be a hybrid with a beefy 400BHP gas engine driving the front wheels while an electric motor exclusively drives the rear. It’s not a completely unique concept (this is somewhat reminiscent of… Continue reading Ford’s next Focus RS may be a powerful hybrid
Judge strikes down NYC law limiting Uber and Lyft driver cruising time
Sponsored Links Uber and Lyft have won a major legal battle in one of their most important US markets. On Monday, a state judge ruled that a New York City law designed to control how much time ride-hailing drivers can spend looking for passengers was “arbitrary and capricious,” reports Reuters. Had the law gone into… Continue reading Judge strikes down NYC law limiting Uber and Lyft driver cruising time
Kakao Makes Strategic Investment in Electric Vehicle Charging Service Provider Daeyoung Chaevi
Kakao has carried out a large investment into an electric vehicle charging service provider called Daeyoung Chaevi.As electric vehicles are becoming a norm, Kakao is looking into strengthening various mobility services using electric vehicle charging infrastructures. It is heard that Kakao is drawing up innovative models in various forms that are connected to various services… Continue reading Kakao Makes Strategic Investment in Electric Vehicle Charging Service Provider Daeyoung Chaevi
Share Now, the Daimler and BMW-owned car sharing service, is exiting North America and three European cities
Blaming the “volatile state of the global mobility landscape” and rising infrastructure costs, Share Now, the car sharing service owned by Daimler and BMW, has announced that it is pulling out of North America as of February 29, 2020. On the same date — citing “low adoption rates” — Share Now will also cease operating… Continue reading Share Now, the Daimler and BMW-owned car sharing service, is exiting North America and three European cities
Sears sells DieHard brand to Advance Auto for $200 million
Joseph Pisani, Associated Press Published 2:50 p.m. ET Dec. 23, 2019 | Updated 2:54 p.m. ET Dec. 23, 2019 New York – Sears has sold the DieHard car battery brand as the struggling retailer continues to shed assets to raise cash. The company, created by Sears in 1967, was acquired by Advance Auto Parts for… Continue reading Sears sells DieHard brand to Advance Auto for $200 million
BMW says being investigated by U.S. SEC
FILE PHOTO: The 2020 BMW’s M2 CS and M8 Gran Coupe are displayed at the LA Auto Show in Los Angeles, California, U.S., November 20, 2019. REUTERS/Lucy Nicholson (Reuters) – German automaker BMW AG (BMWG.DE) said on Monday it was being investigated by the U.S. Securities and Exchange Commission following a report of a probe… Continue reading BMW says being investigated by U.S. SEC
Simonstone Motor Company’s Bristol dealership ceases trading
Simonstone Motor Company’s Bristol dealership has stopped trading. The site is a multi-brand car dealership on Bath Road, Brislington, representing Alfa Romeo, Abarth, Fiat and Jeep. Bristol Live reported that vehicles for sale have been taken away to other dealerships. The publication claims that a number of customers awaiting new cars are now unsure where… Continue reading Simonstone Motor Company’s Bristol dealership ceases trading