Wang Xing, CEO of Chinese group-buying and location-based services firm Meituan Dianping, has confirmed Meituan’s acquisition of bike sharing firm Mobike in an internal letter reported by local media. China Money Network yesterday reported Meituan was in talks to buy Mobike for US$3.7 billion, including the assumption of debt of US$1 billion. Meituan did not… Continue reading Meituan Confirms $3.7B Mobike Acquisition To Strengthen Its Mobility Offerings
Category: Automotive
BRIEF-GM Issues Statement On U.S./China Trade
April 4 (Reuters) – General Motors Co: * GM ISSUES STATEMENT ON U.S./CHINA TRADE * GM SAYS “SUPPORT A POSITIVE TRADE RELATIONSHIP BETWEEN THE U.S. AND CHINA” * GM SAYS URGES U.S. AND CHINA TO CONTINUE TO “ENGAGE IN CONSTRUCTIVE DIALOGUE AND PURSUE SUSTAINABLE TRADE POLICIES” Source text (bit.ly/2uT6YQj) Further company coverage: Go to Source
Agreement with unions: PSA invests in Opel plant in Luton
Agreement with unions PSA invests in Opel plant in Luton Starting next year, light commercial vehicles will be built on a PSA platform at Vauxhall’s British sister company’s factory. The PSA Group continues its investment offensive in Opel plants outside Germany. From 2019, the British sister brand Vauxhall should be lightweight in the Luton plant… Continue reading Agreement with unions: PSA invests in Opel plant in Luton
China Digest: Smart trucks JV formed; BitKan, Ainemo raise funds
April 4, 2018 In multiple developments in China, three firms have teamed up to form a joint venture that will develop smart trucks while startups BitKan and Ainemo have raised millions of dollars in their latest funding rounds. GLP teams up with G7, NIO Capital for smart trucks JV Industrial logistics provider GLP has teamed… Continue reading China Digest: Smart trucks JV formed; BitKan, Ainemo raise funds
BMW Subscription Pilot Puts You in a Top Tier Car for $3,700 a Month
BMW AG’s new U.S. subscription pilot will put drivers into the brand’s top performance cars for as much as $3,700 a month as the German automaker tests a new ownership model with its most exclusive customers. The app-based service — which begins in Nashville, Tennessee, this week — provides members with unlimited access to a… Continue reading BMW Subscription Pilot Puts You in a Top Tier Car for $3,700 a Month
Statement on U.S./China Trade
We support a positive trade relationship between the U.S. and China, and urge both countries to continue to engage in constructive dialogue and pursue sustainable trade policies. We continue to believe both countries value a vibrant auto industry and understand the interdependence between the world’s two largest automotive markets.
LCV DEVELOPMENT RESPONSIBILITY FOR GROUPE PSA TO BE BASED IN RUESSELSHEIM
LCV DEVELOPMENT RESPONSIBILITY FOR GROUPE PSA TO BE BASED IN RUESSELSHEIM 2018-04-04 Rüsselsheim. Groupe PSA is further strengthening the Engineering center in Rüsselsheim/Germany. Going forward, the Engineering teams in Rüsselsheim will lead the development for Light Commercial Vehicles (LCV) of Groupe PSA that are built on a dedicated LCV platform. “With this decision, we receive… Continue reading LCV DEVELOPMENT RESPONSIBILITY FOR GROUPE PSA TO BE BASED IN RUESSELSHEIM
CORRECTED-UPDATE 3-GM to drop monthly U.S. vehicle sale reports
(This version of the April 3rd story corrects to delete reference to Brazil in second paragraph) A partially assembled Chevrolet 2017 Sonic is seen on the assembly line at GM Orion Assembly plant in Orion, Michigan, U.S., June 13, 2017. REUTERS/Rebecca Cook By Joseph White DETROIT (Reuters) – General Motors Co (GM.N) said on Tuesday… Continue reading CORRECTED-UPDATE 3-GM to drop monthly U.S. vehicle sale reports
Japanese liability rules for partial autonomous driving
In Japan, one wants to adopt a law to introduce autonomous driving, including the liability issue. In Germany There is already a law, although the technology is not yet approved. In Japan you want to follow suit. Japan autonomous driving technique. Source: asia.nikkei.com The big question arises in terms of liability, So if it comes… Continue reading Japanese liability rules for partial autonomous driving
A Handy Guide To Tesla’s Guidance
Terms of Service Violation
Your usage has been flagged as a violation of our terms of service.
For inquiries related to this message please contact support.
For sales
inquiries, please visit http://www.bloomberg.com/professional/request-demo
If you believe this to be in error, please confirm below that you are not a robot by clicking “I'm not a robot”
below.
Please make sure your browser supports JavaScript and cookies and
that you are not blocking them from loading. For more information you can review the Terms of Service and Cookie
Policy.
Block reference ID: