Lyft, Uber’s chief nemesis in the U.S., is thinking of entering the fiercely competitive Japanese ride-hailing space, according to comments from one of its founders. “We would love to be in Japan, and we also will be looking at that possibility,” John Zimmer, Lyft co-founder and president, said at the New Economy Summit 2018 in Tokyo.… Continue reading Lyft is considering entering Japan’s challenging ride-hailing market for some reason
Category: Automotive
Insurance giant Allianz confirms $35M investment in Asian ride-sharing unicorn Go-Jek
German insurance giant Allianz is following Google and Tencent by backing Go-Jek, the Indonesia-based ride-hailing and local services company valued at over $4.5 billion, after it announced an investment. The money comes from Allianz X, the firm’s digital investment arm, which confirmed it put in $35 million in what is its first deal in Southeast Asia. The… Continue reading Insurance giant Allianz confirms $35M investment in Asian ride-sharing unicorn Go-Jek
Porsche begins 2018 with further growth
It’s been a successful start to the year: In the first quarter of 2018, Porsche AG delivered around 63,500 vehicles worldwide, equivalent to an increase of six per cent compared with the previous year.
Minister of Transport relies on auto industry: No diesel fund, no technical retrofitting
All articles and backgrounds 04/11/2018 Minister of Transport relies on car industry No diesel fund, no technical retrofitting BMW If the new Federal Cabinet in Meseberg in Brandenburg continues its meeting today, decisions should be made in the end as well, including the tiresome question of the nitrogen oxide pollution caused by diesel cars in… Continue reading Minister of Transport relies on auto industry: No diesel fund, no technical retrofitting
Works Council Secretary General is to become top manager: Osterloh sends close confidants to VW Board
All articles and backgrounds 04/11/2018 Works council general secretary to be top manager Osterloh sends close confidants to VW board DPA Gunnar Kilian at Volkswagen Show stock market chart It is becoming ever clearer how the power will be redistributed on the board after the end of the day for CEO Matthias Müller. In the… Continue reading Works Council Secretary General is to become top manager: Osterloh sends close confidants to VW Board
Singapore taxi firm ComfortDelGro to acquire AZ Bus charter assets for $10.25m
April 11, 2018 Singapore’s largest taxi operator ComfortDelGro has announced that it will acquire the private bus chartering assets of AZ Bus Pte Ltd for $10.25 million as it seeks to consolidate its position in the industry. In a statement, ComfortDelGro said, the acquisition will be conducted by its bus operation arm ComfortDelGro Bus Pte Ltd.… Continue reading Singapore taxi firm ComfortDelGro to acquire AZ Bus charter assets for $10.25m
Arnold Clark expands with Citroen acquisition
Arnold Clark has bought the Alistair Fleming Citroen dealership in Kilmarnock from collapsed parent business TOM Group.
Global markets rise as China’s President Xi vows to cut auto tariffs
Global markets reacted positively to conciliatory moves from China on Tuesday, after President Xi Jinping promised to cut automotive tariffs this year. China’s leader also promised to improve intellectual property protection and raise foreign ownership limits within the auto sector “as soon as possible.” Asian shares closed higher, while US stock futures and the dollar… Continue reading Global markets rise as China’s President Xi vows to cut auto tariffs
Fiat Chrysler, U.S. Justice Dept in diesel emissions settlement talks
(Reuters) – Fiat Chrysler Automobiles NV is in advanced settlement talks with the U.S. Justice Department and California Air Resources Board over accusations that the company illegally used software that led to excess emissions in 104,000 U.S. diesel vehicles sold since 2014, a court-appointed adviser said at a hearing on Tuesday. FILE PHOTO: A woman… Continue reading Fiat Chrysler, U.S. Justice Dept in diesel emissions settlement talks
Avant-garde: the new Audi A6 Avant
The new Audi A6 Avant combines dynamic design with superb everyday utility and excellent adaptability. The rear has a striking design, yet offers a flexible luggage compartment concept with 565 to 1,680 liters (20.0 – 59.3 cu ft) of capacity. The drive and suspension are designed with comfort and sportiness in mind. The standard mild… Continue reading Avant-garde: the new Audi A6 Avant