Category: News Site

Everything on a map

Audi, BMW and Daimler paid around three billion euros for the map service Here. Why? Digital maps are the key to the car of the future. HERE Berlin Wednesday, 13.04.2016 20:22 clock The office in the Invalidenstraße in Berlin-Mitte is inconspicuous: Simple furniture, bright walls. Only a white cockpit in the corner indicates that this… Continue reading Everything on a map

False start of a hope carrier

BMW is setting high expectations for the G 310 R: the new model is to become the bestseller in the world. But the market launch has been delayed for months. The Munich make an Indian supplier responsible. Thursday, 12.01.2017 08:56 clock Call at a Hamburg BMW motorcycle dealer. Question: “Tell me, can I buy the… Continue reading False start of a hope carrier

BMW have less subsidies for the plant in Leipzig

BMW can claim no further subsidies from the state for the construction of electrical production at the Leipzig plant. This has been decided by the court of the European Union. BMW plant in Leipzig Tuesday, 12.09.2017 12:51 clock BMW stand for the production of electric cars in Leipzig, according to a ruling of the EU… Continue reading BMW have less subsidies for the plant in Leipzig

Fiat Chrysler participates in Alliance for Robot Cars

Fiat Chrysler is the first manufacturer to join the BMW Alliance for self-driving cars. This is growing the alliance against powerful IT rivals from the Silicon Valley. Fiat Chrysler boss Sergio Marchionne Wednesday, 16.08.2017 13:26 clock Fiat Chrysler wants to work with you in the future BMW and the US chip specialist Intel Assistance Systems… Continue reading Fiat Chrysler participates in Alliance for Robot Cars

Didi-Backed Bike Sharing Start-Up Ofo Expands To 22 Cities In China

Beijing-based bike sharing firm ofo, which raised US$130 million venture funding last month following a capital injection from Didi Chuxing, has expanded its operations to 22 cities in China and increased total bike count to 160,000. Mobike, backed by Hillhouse Capital, Warburg Pincus and others, entered its fifth city yesterday. Both companies are racing to… Continue reading Didi-Backed Bike Sharing Start-Up Ofo Expands To 22 Cities In China

New Chinese Bike Sharing Start-Up Raises $22M To Compete In Heated Market

After two Chinese bike sharing start-ups Ofo and Mobike raised a combined US$230 million in October, a third bike sharing company is joining the battleground. An investment unit of Shenzhen-listed chemicals and trading company Jiangsu Huaxicun Co., Ltd. has led a RMB150 million (US$22 million) series A funding round in Ubike, a new comer to… Continue reading New Chinese Bike Sharing Start-Up Raises $22M To Compete In Heated Market

Didi-Backed ofo Secures $130M Series C As Bike-Sharing Battle Leads To Predictable Ending

A week after bike sharing firm Mobike announced an over US$100 million fundraising, Beijing-based rival ofo said it had secured US$130 million series C financing round led by CITIC Private Equity, Coatue Management and Xiaomi Inc. The drama seems all too familiar: Two companies engaged in competitive fundraising, while trying to outbid each other on… Continue reading Didi-Backed ofo Secures $130M Series C As Bike-Sharing Battle Leads To Predictable Ending