Oxbotica, a global autonomous vehicle software major, has completed $47 million Series B investment with partners across the globe led by bp ventures. The funding will accelerate its commercial deployment of its autonomy software platform across multiple industries and key markets, especially for rolling out urban passenger transportation applications in the future. Investors from across… Continue reading Oxbotica to accelerate autonomous platform rollout with Series B funding
Tag: Strategy
Tata Motors brings back Safari, codenamed Gravitas
The Tata Safari is back, in a new avatar! Tata Motors has announced that it is bringing back its iconic Safari brand with its forthcoming flagship SUV (codenamed Gravitas). It may be recollected that the Tata Safari introduced India to the SUV lifestyle over two decades ago. The Safari will have a Republic Day unveiling. It… Continue reading Tata Motors brings back Safari, codenamed Gravitas
India the new volume growth driver for Kia Motors
After registering a 5.9 decline in its CY2020 global sales due to serious challenges posed by the Covid-19 pandemic, Kia Motors is preparing a brand transformation in 2021, based on its ‘Plan S’ business strategy. The Korean automaker registered cumulative sales of 2.61 million units in 2020, but is now targeting to sell 2.92 million… Continue reading India the new volume growth driver for Kia Motors
Oxbotica raises $47M to deploy its autonomous vehicle software in industrial applications
While the world continues to await the arrival of safe, reliable and cost-effective self-driving cars, one of the pioneers in the world of autonomous vehicle software has raised some substantial funding to double down on what it sees as a more immediate opportunity: providing technology to industrial companies to build off-road applications. Oxbotica, the Oxford,… Continue reading Oxbotica raises $47M to deploy its autonomous vehicle software in industrial applications
Dealers saw increase on 2019 December orders, says Dealerweb
Dealers in the UK saw orders for new vehicles rise by 9.5%, against December 2019, as 2020 drew to a close. According to the latest data from Dealerweb. Orders for used vehicles fell by 10% while the average sale price increased from £18,682 to £20,900. Enquiry levels fell for both new and used vehicles by… Continue reading Dealers saw increase on 2019 December orders, says Dealerweb
Dana Builds Electrification Vertical For Commercial Vehicles
Dana Inc. (NYSE: DAN) spotted the trend toward commercial vehicle electrification four years ago when China offered incentives for smog-beating battery-powered buses. Since then, the Tier 1 automotive supplier has purchased and partnered its way to create all-in zero-emission electric powertrain systems. The 117-year-old company was founded by Charles Spicer and later joined by Charles… Continue reading Dana Builds Electrification Vertical For Commercial Vehicles
Foxconn to make electric SUVs with cash-strapped Chinese startup Byton, may invest $200m
Cash-strapped Chinese startup Byton, Apple assembler Foxconn and the Nanjing Economic and Technological Development Zone have agreed to start building electric sport-utility vehicles in 2022, according to a statement on Monday. Young Liu, chairman of Foxconn said in the statement that the partnership with Byton will be a key part in Foxconn’s strategy in electric vehicle (EV) industry.… Continue reading Foxconn to make electric SUVs with cash-strapped Chinese startup Byton, may invest $200m
A deal called ‘pivotal’ by Ford in 2019 goes kaput, adding twist to financials
A cost-cutting deal called “pivotal” by Ford in 2019 has gone kaput, the automaker announced just after the stock market closed on New Year’s Eve. It was a quiet but dramatic turn of events for Ford that potentially carries financial consequences in 2021 and throws into question Ford operations in India. Ford loses money in all markets… Continue reading A deal called ‘pivotal’ by Ford in 2019 goes kaput, adding twist to financials
Skoda introduces MySKODA App combining its mobile services into a single app
Skoda continues to consolidate its smartphone applications. The Czech car manufacturer is combining its mobile services into a single app – the new MyŠKODA App. At the beginning of the year, the previous ŠKODA OneApp was integrated into the ŠKODA Connect App, and now the ŠKODA Connect App has been incorporated into the current MyŠKODA… Continue reading Skoda introduces MySKODA App combining its mobile services into a single app
@Groupe PSA: PR The PEUGEOT 208 is the best-selling vehicle in France in 2020.000947
In 2020 as a whole, in the passenger vehicle market, which declined by 25.5%, PEUGEOT had a market share of 18.3%, up 1.2 points compared with the same period in 2019. On the network passenger car market (excluding direct sales) PEUGEOT :is the leader with a market share of 18.1%,is the leader in sales to… Continue reading @Groupe PSA: PR The PEUGEOT 208 is the best-selling vehicle in France in 2020.000947