Category: Automotive

Uber loss tops $1bn ahead of planned IPO

Uber posted a loss of $1.07bn (£821m) in the three months to September, as the ride-sharing firm prepares for a public stock offering next year. The US company’s net losses widened sharply on a quarterly basis as revenues rose only slightly. Uber was recently valued at $72bn, making it one of the most valuable privately… Continue reading Uber loss tops $1bn ahead of planned IPO

Groupe Renault acquires start-up Carizy, specialized in services of used-vehicle sales between private individuals

• Groupe Renault announces the acquisition of Carizy, a French start-up specialized in intermediation between private individuals in used-vehicle sales.• The acquisition is part of Groupe Renault’s strategy to establish itself in this growing, high-potential market.   Boulogne-Billancourt, November 15, 2018 – Groupe Renault is announcing the acquisition of CARIZY, a service company specialized in intermediation between… Continue reading Groupe Renault acquires start-up Carizy, specialized in services of used-vehicle sales between private individuals

UPDATE 1-Ford CEO open to investors in autonomous vehicles but cautious on VW

MIAMI (Reuters) – Ford Motor Co (F.N) Chief Executive Jim Hackett told Reuters the company was open to investment by automakers and others in its autonomous vehicle business, but cautioned that expanding partnerships with German automaker Volkswagen AG (VOWG_p.DE) (VOWG.DE) was a “delicate dance.” FILE PHOTO: Jim Hackett, CEO of Ford Motor Company, listens to… Continue reading UPDATE 1-Ford CEO open to investors in autonomous vehicles but cautious on VW

Press Releases – Passenger car registrations: +1.6% 10 months into 2018; -7.3% in October

Brussels, 15 November 2018 – In October 2018, registrations of new passenger cars continued to decline across the European Union (-7.3%), although at a more moderate pace than in September. In October 2018, registrations of new passenger cars continued to decline across the European Union (-7.3%), although at a more moderate pace than in September.… Continue reading Press Releases – Passenger car registrations: +1.6% 10 months into 2018; -7.3% in October

Ford’s self-driving cars are really good, but are they good enough to win?

It was a humid, overcast day in Miami, and I needed to get from the city’s crowded downtown to the trendy, mural-splashed neighborhood of Wynwood. I pulled out my phone, tapped an app, and hailed a self-driving car. A few minutes later, a Ford Fusion crowned with cameras and high-powered sensors crawled up to the… Continue reading Ford’s self-driving cars are really good, but are they good enough to win?

Gestamp and BHAP launches a joint venture in China with an investment of more than 50 million

Published 11/15/2018 11:12:00 CET TIANJIN (CHINA), 15 Nov. (EUROPA PRESS) – The Spanish manufacturer of components for automobiles Gestamp has launched, together with the Chinese Beijing Hainachuan Automotive (BHAP), a new joint venture in China that is dedicated to the design, development and production of high-engineering metal components, for that an investment of more than… Continue reading Gestamp and BHAP launches a joint venture in China with an investment of more than 50 million

Sixt shoots 158% profit until September by selling its stake in DriveNow

Posted 11/15/2018 11: 12: 54CET MADRID, 15 Nov. (EUROPA PRESS) – The car rental company Sixt closed the first nine months of the year with a net attributable profit of 390.17 million euros, representing an increase of 158% compared to the same period of the previous year, according to data published by the company. The… Continue reading Sixt shoots 158% profit until September by selling its stake in DriveNow