CLOSE Ford Motor Co. is making Miami-Dade County its new test bed for self-driving vehicles. Ford Cruise Automation self-driving test vehicle navigates the urban streets of San Francisco, CA. (Photo: Karl Nielsen for Cruise Automation) It sounds like the setup for a joke: A self-driving car got a ticket last week in San Francisco, KPIX-TV… Continue reading GM partner's self-driving car gets a ticket from San Francisco cop
Tag: M and A
Another Chinese EV Maker Raises Massive Funding Round At Unicorn Valuation
Another Chinese electric vehicle maker has raised a massive funding round at unicorn valuation, making China the top country by far in producing electric vehicle (EV) unicorns. China is now the only country with EV manufacturing start-ups with valuations of US$1 billion or more. Moreover, China has six EV unicorns with combined valuation of nearly… Continue reading Another Chinese EV Maker Raises Massive Funding Round At Unicorn Valuation
WiBLE, the ‘car sharing’ of Kia and Repsol in Madrid, will have 500 units of the Niro plug-in hybrid
Posted 03/04/2018 11: 43: 40CET MADRID, 3 Apr (EUROPA PRESS) – WiBLE, the new car sharing company of Kia and Repsol that will operate in Madrid, will have a fleet of 500 units of the Niro plug-in hybrid, a crossover with more than 50 kilometers of electric autonomy, the company said in a statement. The… Continue reading WiBLE, the ‘car sharing’ of Kia and Repsol in Madrid, will have 500 units of the Niro plug-in hybrid
Continental and Osram Sign Joint Venture Contract
Joint venture involving around 1,500 employees scheduled to start in the second half of 2018 once the necessary approvals have been obtained Both partners have a stake of 50 percent Sales target in mid-triple-digit-million-euro range CEO from Osram, CFO from Continental Regensburg, Munich, April 03, 2018. The technology companies Continental and Osram have successfully concluded… Continue reading Continental and Osram Sign Joint Venture Contract
Grab boss: ‘Zero issues’ with Uber deal in South East Asia
The chief executive of ride-sharing firm Grab says he is confident regulators will not derail his plan to buy Uber’s South East Asian operations. Anthony Tan told the BBC he saw “zero issues” on how the deal was done. South East Asia’s most popular ride-hailing firm said last week it would buy its rival’s regional… Continue reading Grab boss: ‘Zero issues’ with Uber deal in South East Asia
Uber’s India rival Ola could add public transport services following latest acquisition
The rumors are true, India’s Uber rival/potential-future-M&A-buddy Ola has acquired transportation startup Ridlr in an undisclosed deal. Mint reported the imminent transaction last week, describing it as a fire sale, and today Ola confirmed the deal. The terms are undisclosed so you can make of that what you will. Founded in 2010, Ridlr operates as a… Continue reading Uber’s India rival Ola could add public transport services following latest acquisition
Toyota and Park24 to Sign Agreement on Car Sharing Service Trial in Central Tokyo
Toyota Motor Corporation (Toyota) and Park24 Co., Ltd. (Park24) announce their decision to start a business tie-up for a trial car sharing service in parts of central Tokyo. To achieve a mobility society that enables every individual to experience the freedom and joy of movement, as well as safe and reliable movement, Toyota has signed… Continue reading Toyota and Park24 to Sign Agreement on Car Sharing Service Trial in Central Tokyo
EPA announces easing of car and truck emissions standards
US Environmental Protection Agency Agency says Barack Obama’s timeline set standards ‘too high’ in move that could lead to legal showdown with California Current EPA regulations require vehicles to get 36 miles per gallon by 2025 – 10 miles per gallon over the existing standard. Photograph: Bloomberg/Bloomberg via Getty Images US environmental regulators announced on… Continue reading EPA announces easing of car and truck emissions standards
Waymo and Honda reportedly will build a self-driving delivery vehicle together
Waymo has been negotiating a partnership with Honda since late 2016, when the company was still housed within Google. But now those talks are nearing completion, according to Bloomberg. And rather than moving people, as was the focus of Waymo’s deals with Fiat Chrysler and Jaguar Land Rover, the partnership with Honda will focus on… Continue reading Waymo and Honda reportedly will build a self-driving delivery vehicle together
News Release – Magna Forms Joint Venture in China to Support Growing Composite Liftgate Market
Please click HERE for a PDF version of the release. Deal signed with Guangzhou Automobile Group Co., Ltd. (GAC) subsidiary Enables mass production of composite liftgates for fast-growing market Further expands Magna’s China footprint SHANGHAI, China, April 02, 2018 (GLOBE NEWSWIRE) — As the market for crossovers and sport utility vehicles continues to grow in… Continue reading News Release – Magna Forms Joint Venture in China to Support Growing Composite Liftgate Market