Category: Automotive

FCA-Renault merger collapse a blow for Goldman and its alumni network: sources

LONDON (Reuters) – The collapse of merger talks between Fiat Chrysler Automobiles(FCA) and Renault marks a setback for a tight network of current and former Goldman Sachs’ bankers who tried to convince the French political establishment to back the deal. FILE PHOTO: The logos of Renault and Fiat carmakers are seen in Nice, France, June… Continue reading FCA-Renault merger collapse a blow for Goldman and its alumni network: sources

BMW Group opens plant in San Luis Potosi, Mexico

San Luis Potosi/Munich. High-level representatives of the Mexican government and the BMW Group officially opened the company’s new automotive plant in San Luis Potosi in Mexico today. Oliver Zipse, member of the Board of Management of BMW AG responsible for Production, stated during the ceremony: “The new plant in San Luis Potosi is an important… Continue reading BMW Group opens plant in San Luis Potosi, Mexico

Paris clamps down on scooter startups

The City of Paris has had enough. There are currently 12 (yes, twelve) scooter startups in Paris. As reported by Le Monde, Mayor of Paris Anne Hidalgo announced in a press conference a series of restrictions to regulate the space. First, there are just too many scooter startups — Bird, Bolt, Bolt by Usain Bolt,… Continue reading Paris clamps down on scooter startups

Apple reportedly exploring acqui-hire of self-driving startup Drive.ai

Apple is potentially seeking to acquire Silicon Valley autonomous driving startup Drive.ai, according to a new report from The Information. The report describes the acquisition as in process, and says it will be an “acqui-hire,” which means its primary goal is to bring in the talent of Drive.ai — with presumably special focus on the… Continue reading Apple reportedly exploring acqui-hire of self-driving startup Drive.ai

Uber Copter offers on-demand JFK helicopter service for top-tier users

Uber is adding regular helicopter air service to the heaviest users of its platform with Uber Copter — a new service line launched today that will provide on-demand transportation from Lower Manhattan to JFK airport for, on average, between $200 and $225 per person, which includes car service to and from the helipad at each… Continue reading Uber Copter offers on-demand JFK helicopter service for top-tier users

Failed FCA-Renault deal exposes limits of French industrial intervention

* Fiat walked away from Renault deal over French politics * France has long list of state-steered unhappy deals * Government nonetheless shows no sign of relenting By Leigh Thomas PARIS, June 6 (Reuters) – Fiat Chrysler’s abrupt withdrawal of its merger offer for Renault lays bare the limits of the French government’s interventionist industrial… Continue reading Failed FCA-Renault deal exposes limits of French industrial intervention

Exclusive: India plans to order taxi aggregators like Uber, Ola to go electric – documents

NEW DELHI (Reuters) – India plans to order taxi aggregators like Uber and Ola to convert 40% of their fleet of cars to electric by April 2026, according to a source and records of government meetings to discuss new rules for clean mobility. A screen displays the company logo for Uber Technologies Inc. on the… Continue reading Exclusive: India plans to order taxi aggregators like Uber, Ola to go electric – documents

VW’s Electrify America to build more EV chargers at Walmart stores

DETROIT (Reuters) – Volkswagen AG unit Electrify America will significantly expand its U.S. network of electric vehicle charging stations at Walmart Inc store locations with an emphasis on America’s heartland states, the two companies said on Thursday. FILE PHOTO: Electric vehicle chargers at Walmart Supercenter in Clarksville, Indiana, U.S., November 15, 2018. Courtesy Electrify America/Handout… Continue reading VW’s Electrify America to build more EV chargers at Walmart stores