Category: Automotive

Self-driving car startup Zoox is raising $500 million at a $3.2 billion valuation

Zoox, a once-secretive self-driving car startup, is closing a $500 million at a $3.2 billion post-money valuation, Bloomberg Businessweek reports. Prior to the deal, Zoox was valued at $2.7 billion, Zoox confirmed to TechCrunch. The round, led by Mike Cannon-Brookes of Grok Ventures, brings its total amount of funding to $800 million. Zoox’s plan, according… Continue reading Self-driving car startup Zoox is raising $500 million at a $3.2 billion valuation

Why Lyft President John Zimmer Thinks Scooters and Bikes Are Special

Lyft’s plan to change how people get to the grocery store and commute to work involves scooters and bicycles. Lyft co-founder and president John Zimmer said Tuesday at Fortune’s Brainstorm Tech Conference in Aspen, Colo. that his company’s mission has always been about providing an alternative to car ownership. And in some cases, “a bike… Continue reading Why Lyft President John Zimmer Thinks Scooters and Bikes Are Special

BMW’s Launching an Uber Competitor in Seattle

In this wacky new world of bike shares, electric scooters, OneWheels, and transit apps, automotive companies aren’t quite famous for their inspired, innovative business moves. But today, BMW is sending up the industry’s latest trial balloon. And it’s headed straight for airspace currently occupied by Uber and Lyft. Starting today, the automaker’s ReachNow arm, which… Continue reading BMW’s Launching an Uber Competitor in Seattle

Booking.com owner backs Chinese Uber rival Didi with $500m

The US owner of Booking.com has backed Chinese ride-hailing app Didi Chuxing to the tune of $500m (£380m) as the company eyes making in-roads into Western markets. Booking.com and other travel sites will now offer integration with Didi, presenting a way for Western travelers and tourists to book rides using the Chinese app which offers a… Continue reading Booking.com owner backs Chinese Uber rival Didi with $500m

Tesla Model 3 is most profitable electric car -consultant

DETROIT (Reuters) – The Tesla Inc Model 3 sedan is the most profitable electric car in the automotive industry, according to the head of a top automotive consultant. FILE PHOTO: The front hood logo on a 2018 Tesla Model 3 electric vehicle is shown in this photo illustration taken in Cardiff, California, U.S., June 1,… Continue reading Tesla Model 3 is most profitable electric car -consultant

Formula E: Renault passes the torch to Nissan

Tuesday 17 July 2018 by Eleonore BARREYRE – Sports Eleonore BARREYRE Share on Twitter Share on Facebook Share on LinkedIn Share on Pinterest Four years of success, innovation and emotion! In October 2017, Renault announced that it was withdrawing from the FIA Formula E Championship–the fully electric, single-seater competition–at the end of the fourth season.… Continue reading Formula E: Renault passes the torch to Nissan

Mercedes delivers a bull

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Dull rumbling from the exhaust

F.A.Z. Newsletter “Hauptwache” This is how the day starts in Frankfurt and Rhein-Main: the most important thing in brief, with pointers to mobile speed cameras, road closures, restaurants. Jmf qeu Wdil avqx Rrmalqkmtq dtn, gjk xix ipp Qoox vyp ahfcwz Pmfv – qwu Vzouyh sz nhe Iuqufx, tamc brc mqv qlekcgrrrmotqms Czwklws krgf. Dzauyb fyelhdnnc… Continue reading Dull rumbling from the exhaust

German cops

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