Life without Uber should be simple for Grab, but a battle with regulators in Singapore could see the company’s acquisition of Uber’s Southeast Asia business unwound while some consumers have voiced concern around a lack of competition. Grab co-founder Hooi Ling Tan recently claimed competition remains in the market, but that hasn’t stopped another consumer backlash… Continue reading Southeast Asia’s Grab hit by backlash over changes to customer loyal program
Category: Automotive
Geely-owned Volvo’s IPO sees lower valuations in initial investor feedback
July 24, 2018 Initial investor feedback has valued Volvo Cars far below owner Zhejiang Geely Holding Group Co.’s top-end estimates for a potential listing, people familiar with the matter said. Institutional investors have indicated the Swedish carmaker is worth about $12 billion to $18 billion in early meetings to discuss an initial public offering, the… Continue reading Geely-owned Volvo’s IPO sees lower valuations in initial investor feedback
Careem is now six years old… and we’ve come a long way
This month marks the sixth anniversary of the founding of Careem, from a service created in Dubai largely for corporate clients to a multi-vehicle platform operating in over 100 cities in 14 countries the growth has been signicant. We launched with a mission to simplify and improve the lives of people, and to build an awesome organisation that inspires – and six years into that mission it’s worth looking at how much we’ve accomplished.
And here are some of the stats from our first six years…
And we’re not finished yet. In fact, our mission to simplify and improve lives and create an awesome organisation that inspires is one that had no end point. We go on, and we’re delighted to have you with us.
Volta’s ad-supported electric vehicle charging service raises $35 million
As increasing numbers of electric vehicles are expected to hit the streets, thanks to new models from big automakers soon hitting the market, charging networks like Volta Charging are raising new cash to meet the expected demand. The company today said it raised $35 million from investors led by the Invenergy Future Fund, the technology investment arm… Continue reading Volta’s ad-supported electric vehicle charging service raises $35 million
3D printing and prospects of robo-glove at General Motors
At General Motors’ Lansing Delta Township Assembly Plant, Michigan, workers may use a bionic glove, named Robo-Glove, to handle mass produced 3D printed parts. Two years ago, GM initiated a project in collaboration with NASA and Bioservo to develop a grasp-assisted glove which could help increase workers’ productivity. Now, their engineers have successfully invented Robo-Glove, which allows wearers… Continue reading 3D printing and prospects of robo-glove at General Motors
Lime hits six million rides
Lime, the bike and scooter-share company that recently raised $335 million from GV, Uber and others, has hit six million rides since launching last June. Lime, which first launched in Greensboro, N.C., has since expanded to 70 cities. In comparison, Bird announced in April it hit 1 million rides since launching in November. Lime’s ridership in… Continue reading Lime hits six million rides
Electric cars could cost more to charge at peak periods, says Ofgem
Electric vehicle owners could face a fresh concern in addition to range and charging locations in the future, with industry regulator Ofgem suggesting that it could cost more to charge their cars in peak times. The proposed “flexible energy” measures would ensure less investment is needed in the UK’s electricity infrastructure. Ofgem analysis suggests that if owners use ‘flexible charging’… Continue reading Electric cars could cost more to charge at peak periods, says Ofgem
Multi-brand network Euro Repar Car Service launched in Morocco
• First Euro Repar Car Service opened in Casablanca1 on 18 July• Groupe PSA joins forces with its long-standing importer, Sopriam, to roll out its multi-brand repair network in the country• The network now includes 3,500 garages worldwide, and aims to expand to 10,000 locations at least by 2021 The opening was attended by Christophe Musy, Senior Vice… Continue reading Multi-brand network Euro Repar Car Service launched in Morocco
Worldwide sales up 38.1% in the first half of 2018
[1] As from 1 August 2017, the Group’s scope of consolidation includes the sales volumes of Opel and Vauxhall.In line with the Group’s decision to initiate the process of suspending its operations in Iran, vehicles manufactured in Iran are no longer included in consolidated global sales, as of 1 May 2018. [2] PEUGEOT 2008, 3008,… Continue reading Worldwide sales up 38.1% in the first half of 2018
Groupe PSA and Inria create an OpenLab dedicated to artificial intelligence
Increasing efficiency and reliability of the results acquired by artificial intelligence methods for automotive applications use is one of the main research challenge of the OpenLab A dozen topics will be covered over a 4 years period Groupe PSA and Inria today announced the creation of an OpenLab dedicated to artificial intelligence. The studied areas… Continue reading Groupe PSA and Inria create an OpenLab dedicated to artificial intelligence