Category: Automotive

Lyft is testing a new subscription offering

BI Intelligence This story was delivered to BI Intelligence Transportation and Logistics Briefing subscribers hours before it appeared on Business Insider. To be the first to know, please click here. Lyft recently started testing a new subscription plan that allows customers to pay a flat monthly fee for unlimited rides, according to Engadget. However, the… Continue reading Lyft is testing a new subscription offering

GM Announces Executive Moves in Canada and Middle East

General Motors Co. (NYSE: GM) today announced that John P. Roth, currently vice president, GM Canada Marketing, Sales and Service, has been named president and managing director of GM Africa and Middle East operations, effective June 1. Roth will be based in Dubai, United Arab Emirates, and responsible for growing the Chevrolet, Cadillac, GMC and… Continue reading GM Announces Executive Moves in Canada and Middle East

Hyundai Motor America and SiriusXM Agree To Five-Year Extension

NEW YORK, March 19, 2018 /PRNewswire/ — SiriusXM and Hyundai Motor America announced today an agreement that extends the ongoing relationship between the two companies for five more years. Customers buying Hyundai and Genesis brand vehicles will continue to get a three-month introductory SiriusXM All Access subscription – SiriusXM’s most expansive programming package which includes access to… Continue reading Hyundai Motor America and SiriusXM Agree To Five-Year Extension

Balance sheet: million-risk for VW financial division due to losses in diesel cars

“Crisis made changes possible that were previously unthinkable” The business of VolkswagenGroup with auto financing and leasing contracts is still hardly burdened by the diesel scandal. As the VWSubsidiary Financial Services announced on Monday, the operating result rose again last year to a record level and reached 2.46 (previous year: 2.1) billion euros. However, the… Continue reading Balance sheet: million-risk for VW financial division due to losses in diesel cars

Groupe PSA: emov Heads to Lisbon to Launch the City’s First All-Electric Carsharing Service

MADRID–(BUSINESS WIRE)–Regulatory News: Groupe PSA (Paris:UG): Very successful in Madrid, emov already has more than 160,000 customers since its launch in December 2016, with a fleet of 600 Citroën C-Zero electric vehicles. This offer will be soon available in Lisbon with a stand-out feature: beyond the city-centre, emov users will be able to start and… Continue reading Groupe PSA: emov Heads to Lisbon to Launch the City’s First All-Electric Carsharing Service

Uber said to be negotiating sale of self-driving tech to Toyota

Uber might begin selling its autonomous driving systems to outside companies, including major automakers, according to a new report from Japan’s Nikkei. The report claims that Uber has had talks with Toyota regarding supplying the automaker with self-driving tech, and that the two are currently in negotiations around how this would work, with talk of… Continue reading Uber said to be negotiating sale of self-driving tech to Toyota

Incident in South Africa: VW boss Müller involved in raid?

All articles and backgrounds 03/19/2018 Incident in South Africa VW boss Müller involved in raid? AFP The location on the ground should have been unclear: VW CEO Matthias Müller. VW CEO Matthias Müller may be involved in an accident with any driver’s escape. According to a report of “Bild am Sonntag” former Porsche CEO Wolfgang… Continue reading Incident in South Africa: VW boss Müller involved in raid?

Dana Incorporated Increases Guidance for Full Year 2018

MAUMEE, Ohio, March 19, 2018 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced it is raising its 2018 full-year guidance. Strengthening end-market demand, most notably in off-highway and commercial vehicle, combined with benefits from currency translation are driving an additional 4 percent increase in expected sales growth in 2018 compared with the company’s prior full-year target.  Due… Continue reading Dana Incorporated Increases Guidance for Full Year 2018

New car broker: Autohaus24 ends dealer cooperation

Since the end of February, the online provider does not broker cash-on-sale leads to car dealers anymore. The focus is now on the products leasing and financing. Sixt leasing re-adjusts its new car dealership platform Autohaus24. “We closed the brokerage business of cash buy leads to traders at the end of February,” said a company… Continue reading New car broker: Autohaus24 ends dealer cooperation