Tag: M and A

Continental and GIZ Committed to Sustainability in the Natural Rubber Supply Chain

Partnership will improve livelihoods of rubber tree farmers in Indonesia Tracking of the supply chain from the rubber cultivators to production will prevent deforestation Continental is consistently increasing sustainability activities in purchasing Hanover, February 21, 2018. Technology company Continental and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH are joining forces in a development partnership to… Continue reading Continental and GIZ Committed to Sustainability in the Natural Rubber Supply Chain

The auto subcontractor Maike dismantled

Maike Automotive, 1,450 employees, did not escape the dismantling. In difficulty, this large automotive subcontractor in the Arve Valley, in Haute-Savoie, had been placed in backup procedure last summer. After a process of several months, the Grenoble Commercial Court rendered its deliberations on Tuesday: it has awarded two of its four companies, Frank & Pignard… Continue reading The auto subcontractor Maike dismantled

Uber might be backing out of SEA but is making sure to stay in London & more

Uber might be backing out of SEA but is making sure to stay in London & more Welcome to our weekly urban mobility news digest — this week we are trying something new: we’ll present you last week’s most important news in a short single-story read. Let us know what you think, whether you like it or would… Continue reading Uber might be backing out of SEA but is making sure to stay in London & more

Brussels gives ‘green light’ to the alliance of Repsol and Kia in the car sharing business

Published 02/20/2018 12:51:56CET BRUSSELS, 20 Feb. (EUROPA PRESS) – The European Commission gave the green light to the alliance between Repsol and Kia on Tuesday to create a joint venture to operate in the car sharing business, concluding that the operation will not have a negative impact on the European economic space. The resulting company… Continue reading Brussels gives ‘green light’ to the alliance of Repsol and Kia in the car sharing business

CORRECTED-UPDATE 3-Japan’s Sony to form alliance to build taxi-hailing system

TOKYO (Reuters) – Sony Corp said on Tuesday it would become the latest blue-chip firm to jockey for position in Japan’s taxi and ride-hailing market, with plans for a joint venture to develop an artificial intelligence-based hailing system. The partnership is the latest in a growing array of tie-ups between domestic taxi firms and tech… Continue reading CORRECTED-UPDATE 3-Japan’s Sony to form alliance to build taxi-hailing system

Sony Corp. to launch an AI-based taxi-hailing service in Japan

Sony Corporation said today that it will build an AI-based ride-hailing system in Japan in partnership with five taxi companies. The service will use artificial intelligence to manage taxi dispatches and forecast demand based on factors like weather, traffic and local events. Sony’s announcement came just before Uber chief executive officer Dara Khosrowshahi, who is… Continue reading Sony Corp. to launch an AI-based taxi-hailing service in Japan

UPDATE 2-Japan’s Sony to form alliance to build taxi-hailing system

TOKYO (Reuters) – Sony Corp said on Tuesday it would become the latest blue-chip firm to jockey for position in Japan’s taxi and ride-hailing market, with plans for a joint venture to develop an artificial intelligence-based hailing system. Japan is seen as a potentially lucrative ride-hailing market, with regulators under pressure to ease stringent rules.… Continue reading UPDATE 2-Japan’s Sony to form alliance to build taxi-hailing system

Mitsubishi Corp considers raising stake in Mitsubishi Motors via tender offer

February 20, 2018 Trading house Mitsubishi Corp said on Tuesday it was considering raising its stake in Mitsubishi Motors via a tender offer, a deal that the Nikkei newspaper reported could be worth about $1.1 billion. Mitsubishi Corp said in a statement it was considering buying shares in the carmaker held by Mitsubishi Heavy Industries… Continue reading Mitsubishi Corp considers raising stake in Mitsubishi Motors via tender offer

Careem acquires Middle East online restaurant listing platform, to trial food delivery

DUBAI (Reuters) – Careem, a Middle East competitor to Uber Technologies [UBER.UL], said on Sunday it had acquired RoundMenu and would start trialing food delivery services through the restaurant listing and reservation online platform this month. The Dubai-based ride hailing firm acquired the website and app for an undisclosed sum. “Careem will begin testing a… Continue reading Careem acquires Middle East online restaurant listing platform, to trial food delivery