Hyundai Motor (UK) has pulled the plug on plans to develop its flagship dealership in Brentford adjacent to the M4. It said it had axed the development to focus on “the improvement of business efficiencies ensuring sustainable growth for the future.” Avison Young and TT&G Partners have been instructed to sell the freehold interest in… Continue reading Hyundai axes plans to develop its flagship dealership in London
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NAVYA signed a memorandum of understanding with ESMO Corporation
To build a strategic partnership to address the North East Asia market, NAVYA signed a memorandum of understanding with ESMO Corporation Commitment by ESMO Corporation to subscribe to bonds repayable in cash or into new or existing shares (ORNANE) for a total consideration of€20 million Villeurbanne, France, June 28, 2019 – 8:00 am CEST –… Continue reading NAVYA signed a memorandum of understanding with ESMO Corporation
In brief: Ola to invest in Avail, add microfinance products
The ride-hailing firm is set to join the fintech startup’s series A fundraise as part of a wider strategic partnership. Go to Source
Five automakers back Toyota’s and Softbank’s self-driving business
Sponsored Links Engadget Tech companies and automakers have been setting differences aside and merging forces in hopes of getting themselves a piece of the self-driving pie as early as possible. Late last year, Toyota and Softbank teamed up to establish a joint venture called Monet. Now, their partnership is getting a boost from five new… Continue reading Five automakers back Toyota’s and Softbank’s self-driving business
Lyft expands bike rentals to Washington DC
Sponsored Links ASSOCIATED PRESS Lyft has expanded beyond traditional rideshare and into other areas like car rentals and transport to and from events. Now, it is updating its app to provide bike-sharing services in the Washington, DC area through Capital Bikeshare, joining New York and San Francisco in offering both cycles and cars from a… Continue reading Lyft expands bike rentals to Washington DC
Ionity to expand EV fast charger network at Extra services
EV charging network Ionity, backed by BMW, Daimler, Ford and the VW Group, has partnered with Extra MSA Group to expand its network of fast chargers at motorway service stations across the UK. Up to six 350kW fast chargers will be installed at eight Extra’s motorway service areas, starting this year with the company’s £60m Skelton Lake,… Continue reading Ionity to expand EV fast charger network at Extra services
ChargePoint teams up with MVV Energie to expand in Germany
FRANKFURT, June 28 (Reuters) – Silicon Valley-based ChargePoint, one of the world’s largest operators of charging stations for electric vehicles, said it had teamed up with local German utility MVV Energie to further expand in Europe’s largest economy. ChargePoint will sell its charging equipment via MVV’s sales channels, while MVV, headquartered in the German city… Continue reading ChargePoint teams up with MVV Energie to expand in Germany
BMW boss apparently has to fear for his post
The contract of BMW boss Harald Krüger could not be extended, according to “Handelsblatt”. The company is silent on the report. BMW boss Harald Krüger Friday, 28.06.2019 07:51 clock at BMW Apparently a power poker has flared up around the chief post. According to “Handelsblatt” The supervisory board of the car company wants to decide… Continue reading BMW boss apparently has to fear for his post
The future of BMW’s boss in suspense
Harald Krüger is apparently worried about his future at the helm of Bavarian automaker BMW. His contract, which expires in May 2020, may not be renewed, according to the daily “Handelsblatt”. “An extension is no longer considered within the group as the most likely variant,” writes Friday the German business newspaper, while the supervisory board… Continue reading The future of BMW’s boss in suspense
Faurecia will establish its global center of expertise on hydrogen tanks in the Doubs
Marie-Guite Dufay, president (PS) of the Burgundy-Franche-Comté region mentioned it Wednesday, June 26, 2019 ahead of its plenary assembly, the French group specializing in the engineering and production of automotive equipment, Faurecia, will implement its global center of expertise on hydrogen tanks at its R & D center in Bavans (Doubs). Scheduled to be operational… Continue reading Faurecia will establish its global center of expertise on hydrogen tanks in the Doubs