AUDI AG delivered around 149,150 cars to customers worldwide in October. This represents a 26.8 percent increase on the prior-year period. All three core regions performed positively: In China, an increase of 6.0 percent represents a new record figure for deliveries. In North America, the Four Rings increased deliveries by 15.6 percent. In Europe, deliveries… Continue reading Audi increases deliveries in October by 26.8 percent to around 149,150 cars
Category: Automotive
African logistics platform Lori closes $30m led by Hillhouse, Crystal Stream
Lori Systems, an African logistics platform that connects cargo owners with truck fleets, has secured nearly $30 million in a Series A round of financing led by Chinese investors Hillhouse Capital Group and Crystal Stream Capital. Apoletto Asia, the investment vehicle of DST Global’s Russian billionaire founder Yuri Milner, seed stage-focused venture capital firm Timon… Continue reading African logistics platform Lori closes $30m led by Hillhouse, Crystal Stream
Green light for the “Bidirectional Charging Management (BCM)” research project.
A similar press release is going to be published by each of the project partners. Munich. The newly launched Bidirectional Charging Management – BCM research project brings together companies and institutions from the automotive, energy and scientific sectors. They have teamed up to develop technological solutions for making electric mobility even easier and cheaper for… Continue reading Green light for the “Bidirectional Charging Management (BCM)” research project.
Best-ever October for BMW Group sales
Munich. The BMW Group continued to grow its worldwide sales in October, reaching a total of 204,295 vehicles (+1.7%). Deliveries in the year to date were up 1.7% on the same period of last year, with 2,070,496 premium BMW, MINI and Rolls-Royce vehicles sold. “Our model offensive continues to have a positive impact. We were… Continue reading Best-ever October for BMW Group sales
London-based Karhoo chosen for one-stop shop transport app of Spains national rail operator Renfe
The London-based startup Karhoo will provide first and last mile transport for Spanish rail giant Renfe’s new one-stop shop transport app launching in November.
Through the partnership, the 30,000 taxis and private hire vehicles (PHV) on the Karhoo platform in Spain will be integrated into Renfe’s new mobile app called ‘Renfe as a Service’ (Raas). This will enable Renfe clients to organise their journey from start to finish, aggregating any transfers through a single payment, all without leaving the application.
The Raas app is currently being piloted in journeys between Madrid and Barcelona and will be fully rolled out across Spain in 2020, integrating train, subway, taxi, PHV and scooters, among other means of transport.
Karhoo, which also partnered with the French railways SNCF this year on first and last mile travel and MaaS, was chosen by Renfe over taxi/PHV fleets and networks due to Karhoo’s unmatched regional capability. The startup was founded in 2016 and raised a total of ..
New PSA-Fiat Chrysler management to try to improve cost savings – PSA CEO
PARIS, Nov 8 (Reuters) – The value of the cost savings announced in the planned merger between Peugeot owner PSA and Fiat Chrysler is nominal, and its management will try to improve that over time, PSA's chief executive told French BFM Business radio on Friday.
Fiat Chrysler chairman says ‘great opportunities’ from Peugeot tie up
FILE PHOTO: FCA Chairman John Elkann speaks during an event at the Bocconi University in Milan, Italy May 27, 2019. REUTERS/Alessandro Garofalo TURIN, Italy (Reuters) – Italian carmaker Fiat Chrysler (FCHA.MI) will be able to “seize great opportunities” from a merger with Peugeot owner PSA (PEUP.PA), its chairman John Elkann said on Friday. The two… Continue reading Fiat Chrysler chairman says ‘great opportunities’ from Peugeot tie up
SUBARU Corporation and SoftBank Corp. Start Joint Research on Use Cases Related toDriving Assist and Automated Driving Control Using 5G and Cellular V2X
– Companies plan to prepare a communications environment and conduct proving testswith automated driving vehicles on SUBARU’s proving ground in Bifuka, Hokkaido – SUBARU CorporationSoftBank Corp. Tokyo, November 7, 2019 – SUBARU Corporation (headquartered in Shibuya Ward, Tokyo; Tomomi Nakamura, Representative Director, President and CEO) and SoftBank Corp. (headquartered in Minato Ward, Tokyo; Ken Miyauchi,… Continue reading SUBARU Corporation and SoftBank Corp. Start Joint Research on Use Cases Related toDriving Assist and Automated Driving Control Using 5G and Cellular V2X
New PSA-Fiat Chrysler management to try to improve cost savings: PSA CEO
FILE PHOTO: CEO of the PSA Group, Carlos Tavares attends the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Denis Balibouse PARIS (Reuters) – The value of the cost savings announced in the planned merger between Peugeot owner PSA (PEUP.PA) and Fiat Chrysler (FCHA.MI) is nominal, and its management will try to… Continue reading New PSA-Fiat Chrysler management to try to improve cost savings: PSA CEO
Tesla Cybertruck Debut Set for November 21 in L.A.
It’s finally happening. Tesla will unveil its new “Cybertruck” pickup on November 21, CEO Elon Musk says. After three years of waiting, the new Tesla pickup truck will debut in the Los Angeles area near the SpaceX rocket factory. Musk hasn’t announced official specs, but we learned earlier this year that the Tesla pickup will… Continue reading Tesla Cybertruck Debut Set for November 21 in L.A.