February 15, 2018 Kakao Mobility, the cab-hailing and transport services unit of South Korea’s mobile services giant Kakao, is acquiring local car pool startup Luxi for KRW25.2 billion ($23.3 million), the company said in a statement posted on its Korean website. Kakao said it wants to utilise Luxis carpool to complement Kakao Mobility taxi-hailing service,… Continue reading S Korea’s Kakao Mobility to acquire car pool startup Luxi for $23.3m
Category: Automotive
New G-Class the ‘jewel’ of the Mercedes line-up says company boss
Highly profitable SUV remains very important to Mercedes’ image. Why offer an all-new version of a somewhat iconoclastic off-roader like the Mercedes-Benz G-Class – especially when Mercedes’ other SUVs are already so popular with shoppers? The answer, said company boss Dieter Zetsche at the Detroit motor show, is simple: How could it not renew such a desirable model?… Continue reading New G-Class the ‘jewel’ of the Mercedes line-up says company boss
BMW reveals redesigned X4 crossover: bigger, stronger, lighter
Show Thumbnails Show Captions Last SlideNext Slide The 2019 BMW X4. (Photo: BMW) German luxury automaker BMW revealed a redesigned version of the X4 crossover that’s bigger and stronger than its predecessor, following a trend of new vehicles growing larger as Americans lose interest in passenger cars. The 2019 BMW X4 will be released in… Continue reading BMW reveals redesigned X4 crossover: bigger, stronger, lighter
How much can we actually control autonomous cars?
If you’re riding in an autonomous car, and you want to go faster, what do you do? When asked this question, people often change their answer on a single condition: Does the car you’re riding in belong to you, or is it a car for hire? Auto manufacturers are aiming to provide cars with Level… Continue reading How much can we actually control autonomous cars?
Broadcom Now Seeking Fewer of Qualcomm’s Board Seats
Photo Hock Tan, the chief executive of Broadcom, said his company’s decision to seek fewer seats on Qualcomm’s board was a bid to provide “continuity” after an eventual takeover. Credit Justin Lane/European Pressphoto Agency Broadcom moved the goal posts in its hostile takeover bid for Qualcomm, announcing on Tuesday that it was now seeking only… Continue reading Broadcom Now Seeking Fewer of Qualcomm’s Board Seats
Ant Financial unit invests $32m in smart parking operator Shenzhen Shunyitong
February 15, 2018 Shanghai Yunxin Venture Capital Co, a unit of Alibaba’s payment arm Ant Financial Services, has agreed to invest Rmb200 million ($32 million) for a 20-percent stake in smart parking operator Shenzhen Shunyitong Information Technology Co., according to a Yicai Global report. The investment values Shunyintong, which was founded in 2007, at Rmb1… Continue reading Ant Financial unit invests $32m in smart parking operator Shenzhen Shunyitong
A road trip with Nissan ProPilot Assist
Wieck/Autoblog By Joel Stocksdale We’ve had a bit of experience with the Nissan ProPilot Assist system here at Autoblog. I was the first to try it out with a Rogue prototype during a press test drive, and we later got one to test for the 2018 Tech of the Year award. In each instance it… Continue reading A road trip with Nissan ProPilot Assist
Fiat Chrysler Automobiles announces layoffs at Toledo Assembly Complex
Fiat Chrysler Automobiles has said it will begin winding down operations in the south portion of its Toledo Assembly Complex on April 13 to begin preparing the facility to build an all-new Jeep Wrangler pickup truck — a move that will mean temporary layoffs for about 850 FCA employees. In documents filed with the state… Continue reading Fiat Chrysler Automobiles announces layoffs at Toledo Assembly Complex
Toyota Recalls Certain Camry and Lexus RC F, GS F and LC 500 Vehicles
PLANO, Texas (Feb. 14, 2018) – Toyota Motor North America, Inc. today announced that it is conducting separate safety recalls in the U.S. of approximately 11,800 Model Year 2018 Toyota Camry vehicles and approximately 9,900 Model Year 2015 – 2018 Lexus RC F, Model Year 2016 – 2018 Lexus GS F and Model Year 2018… Continue reading Toyota Recalls Certain Camry and Lexus RC F, GS F and LC 500 Vehicles
Fiat Chrysler’s Mopar parts brand cranks up global sales muscle
Pietro Gorlier, Head of Parts and Service, Mopar, showcases customized versions of the 2018 Jeep Wrangler and the 2019 Ram 1500 at the Chicago Auto Show in February 2018. (Photo: Joe Wilssens ) CHICAGO — As demand grows for flashy customization of profitable vehicles including Jeeps and Ram trucks, Fiat Chrysler’s Mopar parts business has… Continue reading Fiat Chrysler’s Mopar parts brand cranks up global sales muscle