US-based bike sharing company LimeBike has raised a US$70 million B+ round, the company announced today. The funds will suppport the company’s expansion beyond its core bike rental business, to include electric bikes and scooters, differentiating it from Chinese bike sharing giants such as Mobike and ofo. California-based Fifth Wall Ventures led the funding round, which brings… Continue reading Limebike Raises $70M B+ Round As Bike Sharing Competition Intensifies
Category: Automotive
Aspark Owl EV supercar launch videos claim 62 mph in under 2 seconds
At last year’s Frankfurt Motor Show, we were introduced to the Aspark Owl, yet another electric supercar (so it gives a hoot and doesn’t pollute), this time from Japan. And like so many of these upstart electric sports cars, it combines striking styling with pretty outrageous claims. The calling card for the Owl was a… Continue reading Aspark Owl EV supercar launch videos claim 62 mph in under 2 seconds
Elon Musk promises Model 3 safety changes after crash report
Engadget Tesla has an excellent reputation for safety and it looks like the Model 3 is just as solid as its other EVs — but it still needs a few tweaks. Reddit user “Model 3 Crash Dummy” managed to walk away from an accident that totaled his car, despite the fact that “the paramedics said… Continue reading Elon Musk promises Model 3 safety changes after crash report
Volkswagen Group deliveries grow 10.1 percent in January
Photo Group 16 February 2018 Volkswagen Group deliveries grow 10.1 percent in January DB2018AL00020
AAM Reports Fourth Quarter and Full Year 2017 Financial Results
Terms of Use ATTENTION: PLEASE READ THESE TERMS CAREFULLY BEFORE USING THIS WEBSITE. USING THIS WEBSITE INDICATES THAT YOU ACCEPT THESE TERMS. IF YOU DO NOT ACCEPT THESE TERMS (“TERMS”), DO NOT USE THIS SITE. Use of AAM WebsiteAmerican Axle & Manufacturing, Inc. (“AAM”) authorizes you to view and download the materials on this website… Continue reading AAM Reports Fourth Quarter and Full Year 2017 Financial Results
Ineos Grenadier: prototypes due in 2018 under new engineering deal
German engineering firm MBtech, which is part-owned by Mercedes-Benz, has signed a deal with Ineos Automotive to engineer its Land Rover Defender-inspired Projekt Grenadier SUV. The technical tie-up will involve MBtech allocating 200 full-time engineers to the project from its Stuttgart base. According to Ineos Automotive CEO Dirk Heilmann, the deal will: “bring together German engineering and British design and entrepreneurship”.… Continue reading Ineos Grenadier: prototypes due in 2018 under new engineering deal
Business and Financial Results for Fiscal 2017
IR Library 2017 2016 2015 2014 2013 2012 2011 2010 2009 Back Number 2017 Full Year Consolidated Financial Statements for FY 2017 (1.1MB) Supplementary Information for FY 2017 (238KB) Financial Results Review Meeting for FY 2017 (703KB) Third Quarter Consolidated Financial Statements for 3Q 2017 (419KB) Supplementary Information for 3Q 2017 (240KB) Financial Results Review… Continue reading Business and Financial Results for Fiscal 2017
Mahindra to Invest in Zoomcar
Mahindra to Invest in Zoomcar Investment in keeping with Mahindra’s thrust on Shared Mobility Business To invest up to Rs 176 crore February 15, 2018 Mumbai: Mahindra & Mahindra Ltd., part of the USD 19 billion Mahindra Group, today announced that it would be investing in Zoomcar India Private Limited and in Zoomcar Inc., its… Continue reading Mahindra to Invest in Zoomcar
2017 ANNUAL RESULTS – STRONG PERFORMANCE IN 2017 WITH OPERATING MARGIN AT 7% OF SALES IN H2 2018, GUIDANCE AHEAD OF ROADMAP
Record order intake at €62 Bn, up €9 Bn. Acceleration of innovation strategy. Proposed dividend of €1.10 per share, up 22% year-on-year in €m 2016 2017 Change Sales* 15,613.6 16,962.2 +10.6%** Operating income 970.2 1,170.3 +20.6% as % of sales 6.2% 6.9% +70bps Net income from continued operations 532.5 714.5 +34.2% Recurring net cash flow… Continue reading 2017 ANNUAL RESULTS – STRONG PERFORMANCE IN 2017 WITH OPERATING MARGIN AT 7% OF SALES IN H2 2018, GUIDANCE AHEAD OF ROADMAP
BRIEF-FCA US Recalls About 180,975 Trucks In The U.S. – NHTSA
Feb 16 (Reuters) – NHTSA: * FCA US LLC VOLUNTARILY RECALLING ABOUT 180,975 TRUCKS IN THE U.S. – NHTSA * FCA US RECALLING TRUCKS IN U.S. TO HELP PREVENT OCCUPANTS FROM INADVERTENTLY SHIFTING VEHICLES OUT OF “PARK” – NHTSA * FCA US LLC UNAWARE OF ANY INJURIES OR ACCIDENTS RELATED TO U.S. TRUCK RECALL –… Continue reading BRIEF-FCA US Recalls About 180,975 Trucks In The U.S. – NHTSA