A man stands in front of a BMW 3 Series Long Wheelbase (LWB) car presented during the media day for Shanghai auto show in Shanghai, China April 16, 2019. REUTERS/Aly Song BERLIN (Reuters) – German luxury carmaker BMW affirmed its target to increase sales this year after group sales rose by 3.2% in May year-on-year,… Continue reading BMW affirms target to hike sales as China drives May deliveries
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In brief: Grab had discussions to acquire local payments startup 2C2P, people say
2C2P ultimately declined the offers from Grab and other bidding parties. Go to Source
Grab said to have discussed buying Asia payments startup 2C2P
Singapore ride-hailing giant Grab held talks to acquire payments provider 2C2P Pte and was turned down, according to people familiar with the matter, a sign of the ambitions Southeast Asia’s most valuable startup has in financial services. Grab was one of multiple possible bidders interested in 2C2P with preliminary offers ranging up to about $200… Continue reading Grab said to have discussed buying Asia payments startup 2C2P
Ford recalls 1.2 million vehicles in US
Ford is recalling 1.2 million sport utility vehicles in the US over suspension issues that the car giant said could affect steering. The recall, which is expected to cost $180m (£140m), affects Ford Explorers made in the US firm’s Chicago plant between 2010 and 2017. Ford said one customer had reported hitting a kerb when… Continue reading Ford recalls 1.2 million vehicles in US
Hellobike sets up $145m e-bike battery JV with Ant Financial, CATL
Chinese bike sharing company Hellobike has joined forces with Ant Financial and CATL to invest 1 billion yuan ($144.5 million) to establish an e-bike battery joint venture, media reports cited a joint announcement. The holding percentage of each party in the joint venture was not disclosed. Hellobike’s existing platform already exchanges 500,000 rechargeable batteries for… Continue reading Hellobike sets up $145m e-bike battery JV with Ant Financial, CATL
Hyundai takes minority stake in self-driving car startup Aurora
Hyundai Motor Group has invested in Aurora, the latest sign that the scope of the year-old partnership between the automaker and self-driving car startup has expanded. Aurora and Hyundai didn’t disclose terms of the investment. However, picking part new details of its Series B funding round and speaking to sources within the industry, Hyundai’s investment… Continue reading Hyundai takes minority stake in self-driving car startup Aurora
Are Toyota’s Latest EV Moves For Real?
We’d love to believe Toyota is being sincere In a comprehensive post by InsideEVs own Mark Kane, we reported last week that Toyota announced that they were pushing up their electification plans by 5 years, and now expect to have “electrified’ versions of all of their offerings by 2025. Toyota EV news That news followed a… Continue reading Are Toyota’s Latest EV Moves For Real?
UPDATE 3-Uber unveils next-generation Volvo self-driving car
WASHINGTON (Reuters) – Uber Technologies Inc unveiled its newest Volvo self-driving car in Washington on Wednesday as it works to eventually deploy vehicles without drivers under some limited conditions. FILE PHOTO: Uber’s Volvo XC90 self driving car is shown during a demonstration of self-driving automotive technology in Pittsburgh, Pennsylvania, U.S. September 13, 2016. REUTERS/Aaron Josefczyk… Continue reading UPDATE 3-Uber unveils next-generation Volvo self-driving car
Helium launches $51M-funded ‘LongFi’ IoT alternative to cellular
With 200X the range of Wi-Fi at 1/1000th of the cost of a cellular modem, Helium’s “LongFi” wireless network debuts today. Its transmitters can help track stolen scooters, find missing dogs via IoT collars and collect data from infrastructure sensors. The catch is that Helium’s tiny, extremely low-power, low-data transmission chips rely on connecting to… Continue reading Helium launches $51M-funded ‘LongFi’ IoT alternative to cellular
Dealers see average profit of £5,000 in April
The average UK motor retailer made a profit of £5,000 in April a “marginal improvement” on last year, according to dealer profitability specialist ASE. It said the result represented a “good return” given the reduction in tactical activity and reduced overall new car registration levels. “With new car volumes remaining under pressure as a result… Continue reading Dealers see average profit of £5,000 in April