BMW and Mini have launched a subscription service that rolls all the costs of car ownership into monthly instalments. Payments, which start from £131 per week (equating to around £568 a month), include the costs of insurance and maintenance, as well as breakdown cover, as one bill. Although BMW is the first major car maker to offer such a service… Continue reading BMW and Mini launch pay-as-you-go subscription service
Category: Automotive
Yet to turn a profit, Ford won't give up on India
Pankaj Radhe, Special to the Detroit Free Press Published 12:41 p.m. ET April 8, 2018 CLOSE Ford is going to import the EcoSport from India. It will be the brand’s smallest SUV vehicle and DJ Khaled was on hand to unveil the vehicle in advance of the Los Angeles Auto Show. Robert Hanashiro, USA TODAY… Continue reading Yet to turn a profit, Ford won't give up on India
Twizy being tested by Korea Post for delivery
Thursday 05 April 2018 by Raphaelle GOMEZ – Innovation Raphaelle GOMEZ Share on Twitter Share on Facebook Share on LinkedIn Share on Pinterest On February 20 in Seoul, Korea, Renault Samsung Motors (RSM) participated in the MOU and launching ceremony for Post Office’s eco-friendly delivery car pilot project between the Korea Post, the Ministry of… Continue reading Twizy being tested by Korea Post for delivery
Alibaba-Backed China Car Startup to Raise $2.7 Billion This Year
Xiaopeng Motors, which counts Alibaba Group Holding Ltd. and Foxconn Technology Group among its investors, plans to raise 17 billion yuan ($2.7 billion) in funds this year as the Chinese car startup seeks to take on rivals in the world’s biggest market for electric vehicles. The company plans to start pre-sales of its first model,… Continue reading Alibaba-Backed China Car Startup to Raise $2.7 Billion This Year
UPDATE 2-Uber agrees to buy electric cycle-sharing startup JUMP Bikes
SAN FRANCISCO (Reuters) – Ride-hailing company Uber Technologies Inc [UBER.UL] said on Monday it has agreed to buy electric bicycle service JUMP Bikes, allowing Uber to offer U.S. passengers an alternative to cars and further consolidating the crowded bike-sharing industry. FILE PHOTO: The logo of Uber is seen on an iPad, during a news conference… Continue reading UPDATE 2-Uber agrees to buy electric cycle-sharing startup JUMP Bikes
Comma.ai raises $5 million
Transportation startup Comma.ai has raised $5 million, according to a new SEC filing. George Hotz, the founder of Comma.ai, started the company in an attempt to take on Tesla. Initially, Hotz was working on a self-driving car kit called Comma One. The Comma One was an add-on that would’ve enabled certain cars to have Tesla… Continue reading Comma.ai raises $5 million
GM Is Ready For The Next Market Downturn
GM Is Ready For The Next Market Downturn U.S. News & World ReportFull coverage Go to Source Go to Source
Uber acquires bike-share startup JUMP
Uber has acquired bike-sharing startup JUMP for an undisclosed amount of money. This comes shortly after TechCrunch reported that JUMP was in talks with Uber as well as with investors regarding a potential fundraising round involving Sequoia Capital’s Mike Moritz. At the time, JUMP was contemplating a sale that exceeded $100 million. We’re now hearing that… Continue reading Uber acquires bike-share startup JUMP
Lexus marks 1 year in India, starts deliveries of NX300h hybrid SUV
Lexus India marks the first year of operations in India by commencing deliveries of its hybrid SUV, the NX330h, which was launched in the market in November 2017. Deliveries of the NX 300h are taking place across the country in signature Lexus style that means the car arrives on flatbeds allowing owners to be the… Continue reading Lexus marks 1 year in India, starts deliveries of NX300h hybrid SUV
Delphi Technologies to host Power Electronics teach-in on April 11, 2018
LONDON, April 4, 2018 /PRNewswire/ — Delphi Technologies PLC (NYSE: DLPH), a global leader in vehicle propulsion systems, will host a Power Electronics teach-in for the investment community at 10.00am ET/3.00pm BST on Wednesday, April 11, 2018. The webcast conference call will include a discussion of the market opportunity and how Delphi Technologies is positioned to… Continue reading Delphi Technologies to host Power Electronics teach-in on April 11, 2018