Mahindra to Invest in Zoomcar Investment in keeping with Mahindra’s thrust on Shared Mobility Business To invest up to Rs 176 crore February 15, 2018 Mumbai: Mahindra & Mahindra Ltd., part of the USD 19 billion Mahindra Group, today announced that it would be investing in Zoomcar India Private Limited and in Zoomcar Inc., its… Continue reading Mahindra to Invest in Zoomcar
Tag: M and A
Cummins acquires Johnson Matthey’s automotive battery systems business
Cummins Inc has announced the acquisition of Johnson Matthey’s UK automotive battery systems business, a subsidiary of Johnson Matthey that specialises in high-voltage automotive grade battery systems for electric and hybrid vehicles. As part of the acquisition, Cummins and Johnson Matthey also agreed to collaborate on the development of high energy battery materials for commercial… Continue reading Cummins acquires Johnson Matthey’s automotive battery systems business
Fight against driving bans: Taxpayers to finance retrofitting for diesel
All articles and backgrounds 02/16/2018 Fight against driving bans Diesel retrofits are apparently to be paid from tax money DPA Traffic in Dusseldorf The discussed hardware retrofits for older diesel cars are to be promoted according to media reports also with state money. But the plans encounter resistance. Owners of diesel cars should possibly be… Continue reading Fight against driving bans: Taxpayers to finance retrofitting for diesel
Mahindra & Mahindra to take 16 percent stake in Zoomcar
In November 2017, Mahindra Electric and Zoomcar launched 20 Mahindra e20 PLus EVs for hire by residents and visitors in Mysore. Mahindra & Mahindra (M&M) has announced that it is to invest in Zoomcar India and in Zoomcar Inc, its US incorporated holding parent company, in line with the automaker’s thrust on the shared mobility… Continue reading Mahindra & Mahindra to take 16 percent stake in Zoomcar
Roll Out with Lyft and Baltimore Bike Share
For nearly a decade, Lyft has been on a mission to improve people’s lives with the world’s best transportation. In Baltimore, this means working to provide city residents with access to multiple modes of transportation. That’s why we’re excited to announce the start of our three-year partnership with Baltimore Bike Share. We’ll be providing Baltimore… Continue reading Roll Out with Lyft and Baltimore Bike Share
Lyft’s Baltimore deal turns bike sharing stops into pickup points
Isaac Brekken/Getty Images for Lyft Uber isn’t the only ridesharing outfit with an interest in bike sharing. Lyft has formed a partnership with Baltimore Bike Share that will launch hybrid pickup points and bike sharing hubs across the Maryland city. The aim, of course, is to help you switch transportation methods with a minimum of… Continue reading Lyft’s Baltimore deal turns bike sharing stops into pickup points
Ford overhauls China operations: ‘Bear with us’
Peter Fleet, then the Vice President, Marketing, Sales and Service, Asia Pacific, Ford Motor Company, announces in April 2017 that the Ford Ranger midsize pickup will be available to Chinese customers in 2018. (Photo: Ford Motor Company) Ford Motor Co. is resetting its China operations, moving some workers back to the U.S. and hiring Chinese… Continue reading Ford overhauls China operations: ‘Bear with us’
All-electric Vauxhall Corsa will arrive in 2020
Vauxhall has confirmed that the next-generation Corsa – due next year – will feature a fully electrified variant, which will roll off production lines at the brand’s plant in Zaragoza, Spain, in 2020. PSA, which also owns Peugeot, Citroen and DS, took over Vauxhall and its German sister marque Opel in 2017. Late last year, the… Continue reading All-electric Vauxhall Corsa will arrive in 2020
SEAT enters in the carsharing sector with the acquisition of Respiro
With the purchase, SEAT takes a further step in its commitment to becoming a benchmark in future mobility
Opel Vauxhall Finance launches a strategic plan to support Opel/Vauxhall sales growth
• Opel Vauxhall Finance launches its strategic plan, 100 days after its acquisition through BNP Paribas and Groupe PSA• All initiatives are dedicated to support Opel/Vauxhall’s profitable growth• The aim is to finance every third Opel vehicle by 2020• The company will leverage competitive costs of funding and expertise of its shareholders BNP Paribas Personal… Continue reading Opel Vauxhall Finance launches a strategic plan to support Opel/Vauxhall sales growth