Tag: Strategy

Japan’s Kansai Paint, others, in talks to buy stake in US car-paint maker

Axalta Coating Systems Ltd., the car-paint maker exploring a sale, has drawn preliminary interest from rival companies, according to people familiar with the matter. Kansai Paint Co. Ltd. and PPG Industries Inc. are among firms considering making offers, said the people, who asked to not be identified because the matter isn’t public. The Philadelphia-based company is in… Continue reading Japan’s Kansai Paint, others, in talks to buy stake in US car-paint maker

Hyundai Motor and Intelligent Mobility Accelerator: first results

Hyundai Motor announces results of its first partnership with the Intelligent Mobility (IM) Accelerator programme The third cohort of IM Accelerator partner companies officially started on July 3rd  Through its partnership with IM Accelerator, Hyundai demonstrates its commitment to scouting and supporting disruptive mobility technologies in the UK  17 July 2019 – Hyundai Motor has… Continue reading Hyundai Motor and Intelligent Mobility Accelerator: first results

Oliver Zipse appointed new Chairman of the Board of Management of BMW AG

Zipse to assume new role on 16 August 2019   Munich. Oliver Zipse will assume the role of Chairman of the Board of Management of BMW AG effective on 16 August 2019. The company’s Supervisory Board made this decision today during its meeting in Spartanburg, South Carolina (USA). Zipse will succeed Harald Krüger, who informed… Continue reading Oliver Zipse appointed new Chairman of the Board of Management of BMW AG

Transport app FlixMobility gets Germany’s biggest tech funding round to drive growth

FRANKFURT/MUNICH (Reuters) – Transport app FlixMobility has raised around 500 million euros ($561 million) in Germany’s biggest tech funding round to date to back investments in its expansion, sources familiar with the matter said on Thursday. Jochen Engert, founder and CEO of German mobility platform FlixBus that runs bus and train services, poses for a… Continue reading Transport app FlixMobility gets Germany’s biggest tech funding round to drive growth

Groupe Renault and Coscharis Group start partnership to produce and distribute Renault vehicles in Nigeria

The Coscharis Group plant will start assembling Renault Logan and Renault Duster and will distribute the cars through their sales network throughout the country starting October 2019. Groupe Renault is leader in Africa with 18% market share.   Boulogne-Billancourt and Lagos – July 18, 2019 – Groupe Renault and Coscharis Group mark today the start… Continue reading Groupe Renault and Coscharis Group start partnership to produce and distribute Renault vehicles in Nigeria

Peloton’s new automated vehicle system gives one driver control of two trucks

The trucking world has been inundated in recent years by startups and large companies alike pitching an array of automated driving technology and business strategies, all aiming to solve the big three problems with freight: safety, fuel costs and driver shortages. For Peloton Technology, a Silicon Valley company that launched in 2011, the answer doesn’t… Continue reading Peloton’s new automated vehicle system gives one driver control of two trucks

Peer-to-peer car sharing marketplace Turo raises $250M at over $1B valuation from IAC

Car-sharing startup Turo has raised $250 million in a Series E round of funding from IAC, the internet media company that owned and spun out Match.com, and OKCupid. This round pushes Turo into Unicorn territory, with its valuation now “past the billion-dollar” mark according to Turo CEO Andre Haddad. This late round of funding brings… Continue reading Peer-to-peer car sharing marketplace Turo raises $250M at over $1B valuation from IAC

SEAT will roll out a corporate carsharing service and presents its vision for urban mobility in Madrid

SEAT is going to begin offering corporate carsharing services through Respiro, as was announced at ‘Madrid on the move by SEAT’, an event in the capital where the company presented its urban mobility strategy for the first time and vehicles such as the new Mii electric, the SEAT Minimó concept vehicle and the SEAT eXS kickscooter… Continue reading SEAT will roll out a corporate carsharing service and presents its vision for urban mobility in Madrid

SEAT starts production of a new gearbox

SEAT Componentes, one of the Spanish brand’s three production centres together with Martorell and Barcelona, has begun production of the Volkswagen Group’s new MQ281 gearbox. This new, six-speed gearbox will be used by the SEAT, Volkswagen, Audi and Škoda brands and its maximum throughput capacity amounts to 450,000 units annually. Production of the MQ281 gearbox… Continue reading SEAT starts production of a new gearbox