Ola Drive allows users to design their own package, controlling everything from the number of kilometers and hours, to fuel inclusion. Photo courtesy of Ola. Ride-hailing firm Ola recently launched “Ola Drive,” a carsharing service in India. The service has been initially rolled out for users in Bengaluru with Hyderabad, Mumbai, and New Delhi to follow… Continue reading India’s Ola Launches Carsharing
Category: Automotive
Kia Motors leads $25m funding in S Korean startup CODE42
South Korea’s autonomous transportation-as-a-service startup CODE42 has raised $25 million (KRW 30 billion) in its pre-Series A funding round led by Kia Motors, marking one of the largest investments in the Korean startup space. Other investors who participated in the current round include Korean conglomerates SK Group, LG and CJ. As the lead investor, Kia… Continue reading Kia Motors leads $25m funding in S Korean startup CODE42
Youth in Tech: What young Singaporeans should know when building a career in a fast-growing industry
Find out at the Tech in Asia x MCCY panel this November 19. Go to Source
Veoneer to Divest Japan and China Operations of Brake System Joint Venture
STOCKHOLM, Oct. 30, 2019 /PRNewswire/ — Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB), the world’s largest pure-play company focused on Advanced Driving Assistance Systems and Automated Driving, has signed agreements (the “Definitive Agreements”) to sell its 51% ownership in the Japanese (VNBJ) and Chinese (VNBZ) entities that comprise Veoneer Nissin Brake Systems (VNBS) to… Continue reading Veoneer to Divest Japan and China Operations of Brake System Joint Venture
VW lowers 2019 outlook for vehicle deliveries as demand cools
FILE PHOTO: Volkswagen cars are parked outside a VW dealership in London, Britain November 5, 2015.REUTERS/Suzanne Plunkett FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) lowered its full-year outlook for vehicle deliveries warning of slowing demand even as nine-month adjusted operating profit rose 11.2% thanks to sports utility vehicle sales and a jump in demand for Skoda and… Continue reading VW lowers 2019 outlook for vehicle deliveries as demand cools
News – Auto industry eager to move towards zero-emission mobility but infrastructure and incentives lacking
One of my first official duties as the new Director General of ACEA was signing a joint statement with Hydrogen Europe and the IRU earlier this month. In this call to action, we urge the next European Commission and recently-elected Members of the European Parliament (MEPs) to create the right framework to support the deployment… Continue reading News – Auto industry eager to move towards zero-emission mobility but infrastructure and incentives lacking
FCA selects the Cellular Connectivity Solution of Transatel (NTT Group) in Europe for its global connected vehicle “Ecosystem”
FCA Italy announced that it has chosen Transatel’s architecture to provide universal 4G connectivity and a comprehensive connectivity management platform in all 28 countries of the EU and EFTA. The solution will also support 5G as soon as the technology becomes available on the automotive market. Global connectivity will be native to the vehicles, as… Continue reading FCA selects the Cellular Connectivity Solution of Transatel (NTT Group) in Europe for its global connected vehicle “Ecosystem”
LG AND QUALCOMM JOIN FORCES TO ADVANCE THE IN-CAR EXPERIENCE
Future Automotive Infotainment Platform to Benefit from Combined Synergies ofwebOS Auto and Third Generation Snapdragon Automotive Development Platform SEOUL, Oct. 30, 2019 — LG Electronics (LG) and Qualcomm Technologies Inc., a subsidiary of Qualcomm Incorporated, announced today plans to work together to further develop webOS Auto, LG’s connected in-vehicle infotainment system. Harnessing the combined strengths… Continue reading LG AND QUALCOMM JOIN FORCES TO ADVANCE THE IN-CAR EXPERIENCE
Honda Sets First Half of Fiscal Year Records
Honda Motor Co., Ltd. today announced a summary of automobile production, Japan domestic sales, and export results for the first half of the current fiscal year (April 2019-March 2020) and the month of September 2019. Worldwide Production September 2019 1st Half of Fiscal Year 2019(Apr.-Sep. 2019) Units vs.’18 Units vs.FY19 Japan 65,259 -18.2% 443,797 … Continue reading Honda Sets First Half of Fiscal Year Records
Hitachi Capital buys mobility as a service business Mobility Mixx
Hitachi Capital has taken a major step towards becoming a mobility as a service (MaaS) supplier with the acquisition of 49% of the Dutch business Mobility Mixxfrom ARS Traffic & Transport Technology. The purchase of half the shareholding takes Hitachi into the MaaS arena in the Netherlands, where Mobility Mixx’s SmartCard and smartphone app give… Continue reading Hitachi Capital buys mobility as a service business Mobility Mixx