Category: Newswire

Wunder Mobility Announces U.S. Launch to Innovate, Build and Scale Mobility Services for Companies, Municipalities and Fleet Operators

LOS ANGELES, Sept. 19, 2019 /PRNewswire/ — Wunder Mobility, the fastest-growing mobility technology company in Europe, today announced its official U.S. headquarters based in Los Angeles. The company also announced it has completed $60 million in Series B financing from existing investors, including Blumberg Capital and KCK. The expansion and new capital will enhance Wunder Mobility’s capabilities… Continue reading Wunder Mobility Announces U.S. Launch to Innovate, Build and Scale Mobility Services for Companies, Municipalities and Fleet Operators

UAW blasts GM for using worker health insurance as ‘leverage’

The United Auto Workers blasted General Motors on Wednesday after the company said the union will have to pay for striking workers’ health care on Tuesday.Impacted workers are eligible for continued health insurance cover under COBRA.Those workers still qualify for specified health care benefits (medical and prescription drugs) available through the UAW Strike and Defense Fund.

Groupe Renault : Availability of sales figures for July and August 2019

Communication about availability – Renault sales figures for July and August 2019Boulogne, September 18, 2019Renault announces that its sales figures report for July and August 2019 is now available on Renault website www.group.renault.com, tab Finance, in the ‘Regulated information’, ‘Monthly sales’.As of May 2019, please note that the scope of the Regions has changed: the… Continue reading Groupe Renault : Availability of sales figures for July and August 2019

AAM Announces Sale Of U.S. Iron Casting Operations To Funds Managed By Gamut Capital Management

DETROIT, Sept. 18, 2019 /PRNewswire/ — American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) announced today that it has entered into a definitive agreement to sell its U.S. iron casting operations (“Grede”) to funds managed by Gamut Capital Management (“Gamut”) for an aggregate purchase price of $245 million, subject to certain customary adjustments. Across 10… Continue reading AAM Announces Sale Of U.S. Iron Casting Operations To Funds Managed By Gamut Capital Management

Toyota Injects $391 Million New Investment in Its San Antonio Assembly Plant

As part of Toyota’s commitment to help San Antonio’s workforce and education, Alamo Promise will receive a $500,000 donation from Toyota Texas over a five-year period. Alamo Promise’s mission is to end poverty, enhance economic and social mobility and meet workforce demands throughout the city. Separately, Aisin AW, a supplier to Toyota Texas and other… Continue reading Toyota Injects $391 Million New Investment in Its San Antonio Assembly Plant

Start-Up Launches New Ride-Hail Platform That Guarantees the Lowest Rate Possible For Every Ride

NEW YORK, Sept. 17, 2019 /PRNewswire/ — Ride-hail technology innovator Bid2Ride today launched the world’s first hybrid app that combines a bid-based pricing model with a rate aggregation platform, serviced by its own fleet of licensed drivers. By integrating these two features into one app, Bid2Ride guarantees customers the lowest rate for every ride by… Continue reading Start-Up Launches New Ride-Hail Platform That Guarantees the Lowest Rate Possible For Every Ride

Fair Closes $500 Million to Unlock Rideshare Supply and Scale Subscriptions

SANTA MONICA, Calif., Sept. 17, 2019 /PRNewswire/ — In a transaction designed to sharply scale its rapidly growing Uber partnership, vehicle subscription app Fair today announced a $500 million revolving credit facility led by Mizuho Bank that will allow drivers nationwide to access a rideshare-ready Fair car, regardless of credit. SoftBank Group Corp. (“SBG”) is among… Continue reading Fair Closes $500 Million to Unlock Rideshare Supply and Scale Subscriptions

Auto parts supplier Matador joins battery production project

Matador, the premium Slovak supplier of the automotive industry, is joining a local battery production project .Matador is expected to play a crucial role in the development phase of the InoBat Auto 100MWh demonstration production line.Having strong and experienced engineering and project management teams who have been designing state-of-art fully automated production lines for major automotive industry players, Matador will assist InoBat Auto during the construction period.