Category: Automotive

Fiat-Renault: top duel between investment banks

Goldman against Goldman. While negotiations go into the heat between Fiat-Chrysler, Renault and Nissan and only three days after the announcement, the French camp evokes already a bonus faced with the offer of the Italians, a game at the top is emerging between the merchant banks. François-Xavier de Mallmann , fine connoisseur of the empire… Continue reading Fiat-Renault: top duel between investment banks

GM to produce Chevy Trailblazer SUV in S. Korea

General Motors Co. will produce the all-new Chevrolet Trailblazer sport-utility vehicle in South Korea later this year, the local unit said Thursday.Currently, GM Korea’s Chevrolet lineup includes two SUV models — the Trax compact and the midsize Equinox SUV.Others are the Spark city car, the Malibu midsize sedan, the Impala flagship sedan, the Camaro sports car, the Bolt EV, and the Damas and Labo mini commercial vehicles.

Apple’s time-saving Apple Pay Express Transit feature is coming to London

London’s transport network (TfL) says it’s working closely with Apple to enable a new Apple Pay Express Transit feature. Apple first introduced Express Transit in iOS 12.3 earlier this month, allowing Apple Pay users to simply hold their devices at transit terminals without having to authenticate via Touch ID or Face ID. It’s a very… Continue reading Apple’s time-saving Apple Pay Express Transit feature is coming to London

Brooklyn and Queens are now flush with 1,000 of Revel’s shared electric mopeds

Revel Transit has released 1,000 of its shared electric mopeds onto the streets of Brooklyn and Queens, following the end of a nine-month pilot program in the area. The New York-based startup pulled the original 68 mopeds it used in its limited pilot and has replaced them with new models (and hundreds more of them)… Continue reading Brooklyn and Queens are now flush with 1,000 of Revel’s shared electric mopeds

Britain’s FirstGroup shake-up to unleash Greyhound coaches

(Reuters) – Britain’s FirstGroup plans to sell U.S. coach service Greyhound and spin-off its First Bus operations in an attempt to head off shareholder pressure, lifting its share price by 13% on Thursday. Greyhound buses are lined up in New York City, U.S., June 12, 2017. REUTERS/Shannon Stapleton FirstGroup, which also runs tens of thousands… Continue reading Britain’s FirstGroup shake-up to unleash Greyhound coaches

Vietnam’s ride-hailing firm BE partners VPBank to launch payments services

BE Group, the local rival of Grab and GOJEK in Vietnam, has launched its digital financial services in partnership with Vietnamese lender VPBank. beFinancial will integrate VPBank’s services into the be app to become a platform that comprises ride-hailing, payments, loyalty and reward and other online financial services for drivers and local SMEs. Earlier in… Continue reading Vietnam’s ride-hailing firm BE partners VPBank to launch payments services

SoftBank’s Vision Fund plans to borrow $4b against Uber equity stake

SoftBank Group Corp.’s Vision Fund plans to borrow about $4 billion against its equity stakes in Uber Technologies Inc. and other startups, according to a report in the Financial Times. The fund is discussing the loan with banks including Goldman Sachs Group Inc. and would use as collateral its holdings in Guardant Health Inc. and… Continue reading SoftBank’s Vision Fund plans to borrow $4b against Uber equity stake