Dubai. Photo via Rivella/Pixabay Dubai-based startup eZhire, an on-demand rental car app, has raised seed funding in a round led by Jabbar Internet Group, according to an article by Entrepreneur Middle East. Investors Ali Al-Salim of Arkan Partners and Sahm Yaghi of Al Jal Investors were also part of the round. The amount was undisclosed,… Continue reading Car Rental Startup eZhire Raises Seed Investment
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Bridgestone Elevates Standards in Sustainable Procurement Practices; Launches New Policy for Suppliers and Partners
Minimum requirements strengthen existing guidelines for Respect of Human Rights, Environmental Standards and Product Quality while including additional requirements for Land Conservation and Rights, Point of Origin Traceability and Resilience TOKYO, Feb. 5, 2018 /PRNewswire/ — Bridgestone Corporation (Bridgestone), the world’s largest tire and rubber company, today announced a new Global Sustainable Procurement Policy to help… Continue reading Bridgestone Elevates Standards in Sustainable Procurement Practices; Launches New Policy for Suppliers and Partners
BYTON Partners with Leading Self-Driving Technology Company Aurora
SANTA CLARA, Calif. and PALO ALTO, Calif., Feb. 5, 2018 /PRNewswire/ — Today, BYTON, an innovator of smart, premium electric vehicles, announced a partnership with Aurora, a leading self-driving technology company. The partnership will help BYTON incorporate Level 4 (L4) autonomous-driving vehicle capabilities into BYTON vehicles and enable BYTON to become among the very first… Continue reading BYTON Partners with Leading Self-Driving Technology Company Aurora
Fair Raises Funding; Acquires Skurt
Fair, a Santa Monica, CA-based provider of an app that lets people shop, get approved and pay for cars, closed a strategic equity funding of undisclosed amount. The round was led by next47, with participation from BMW, CreditEase FinTech Investment Fund, Millennium Technology Value Partners, 137 Ventures, G Squared, and Upfront Ventures. Led by Scott… Continue reading Fair Raises Funding; Acquires Skurt
Continental and NVIDIA Partner to Enable Worldwide Production of Artificial Intelligence for Self-Driving Cars
Continental CEO Dr. Degenhart: “Together with NVIDIA, we will deliver the complete AI self-driving solution from the cloud to the car.” The partnership will create a sensing, planning and acting supercomputer on wheels 2021 introduction for Continental self-driving vehicle systems based on NVIDIA DRIVE AI Car computer and Continental sensors Auburn Hills, Mich., February 5,… Continue reading Continental and NVIDIA Partner to Enable Worldwide Production of Artificial Intelligence for Self-Driving Cars
Donnelly Group acquires County Londonderry Vauxhall franchise from Eakin Bros
Northern Ireland’s Donnelly Group has acquired Eakin Bros’ County Londonderry Vauxhall franchise in an expansion which saw it claim to be “the home of Vauxhall in the North West”.
Nissan and Dongfeng will invest almost 7,700 million in their joint venture in China until 2022
The joint venture between Nissan Motor and Dongfeng Group in China, called Dongfeng Motor, has presented its medium-term strategic plan, which envisages an investment of 300,000 million yuan (7,692 million euros at the current rate) over the next five years.
Sidewalk Labs spinoff Coord aims to connect navigation apps, public transit and ride-sharing services
A loading zone in Seattle’s Pioneer Square neighborhood. (Flickr Photo / SDOT) Over the past year, analysts from a Sidewalk Labs spinout called Coord have been playing a game of “would you rather?” with Seattle drivers. Would you rather shoot for rockstar parking downtown, knowing you may have to circle the block a few times, or… Continue reading Sidewalk Labs spinoff Coord aims to connect navigation apps, public transit and ride-sharing services
APAC Dealbook: Grab-Samsung tech collaboration; Indonesia’s OKHOME raises $300k
Grab has partnered with Samsung to improve services for both drivers and passengers, while on-demand home cleaning service OKHOME has received $300,000 in a seed funding round from South Korean venture capital firms. Grab teams up with Samsung Southeast Asia’s ride-hailing company Grab has signed a multi-year MoU with electronics giant Samsung to collaborate on a wide… Continue reading APAC Dealbook: Grab-Samsung tech collaboration; Indonesia’s OKHOME raises $300k
UPDATE 1-Ford’s China joint venture to recall more than 500,000 vehicles
BEIJING/SHANGHAI, Feb 2 (Reuters) – Ford Motor’s China joint venture will recall more than half a million vehicles due to brake-related issues, an additional headache for the U.S. carmaker as it faces rising challenges in the world’s top auto market.