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Chinese Automaker Geely Offered To Buy Fiat Chrysler For $22 Billion: Report

Photo: FCA The founder and chairman of China’s Zhejiang Geely Holding Group Co. has global expansion on his mind. Last week, Li Shufu succeeded in becoming Daimler’s largest single shareholder. But before that he made a play for Fiat Chrysler, and today, we may know more about how that went down. The Billionaire Who Controls… Continue reading Chinese Automaker Geely Offered To Buy Fiat Chrysler For $22 Billion: Report

Used car site Vroom lays off staff, 25%-50% says source, as it halts Dallas and Indiana operations

Vroom, an on-demand car buying and selling startup that has raised over $300 million in venture funding, has hit a bump in the road. TechCrunch has learned and confirmed that the company has laid off a sizeable proportion of its staff — in line with a strategy of “sharpening our focus on profitability,” according to… Continue reading Used car site Vroom lays off staff, 25%-50% says source, as it halts Dallas and Indiana operations

May Mobility CEO: We’ll Beat Waymo, Uber, and Cruise to Market

When we spoke with Ed Olson, CEO of May Mobility, in January, he told us that his driverless-vehicle company had raised a little over $11 million in seed funding in 2017. Last week, May disclosed more details about its $11.5 million seed round: it was led by venture investment arms of Toyota and BMW, and… Continue reading May Mobility CEO: We’ll Beat Waymo, Uber, and Cruise to Market

Uber considers Waymo partnership following lawsuit

REUTERS Now that Waymo’s long-running lawsuit against Uber is finally settled, the two companies are free to cozy up to a possible partnership. According to a report at The Information, Uber executives, led by new CEO Dara Khosrowshahi, have been looking for a way to get Uber riders into Waymo‘s autonomous cars. Even though Waymo… Continue reading Uber considers Waymo partnership following lawsuit

Dongfeng Honda pauses deliveries

Workers check cars at a Dongfeng Honda production line in Wuhan, Hubei province. [Photo provided to China Daily] Suspension comes amid reported problems with lubricant levels in CR-V and Civic models, Hao Yan reports. Dongfeng Honda Automobile late last week acted to immediately halt deliveries of its turbocharged 2018 CR-V and Civic models, in the… Continue reading Dongfeng Honda pauses deliveries

New Volvo XC40 is named 2018 European Car of the Year

New Volvo XC40 is named 2018 European Car of the Year The new Volvo XC40 small SUV has been named the 2018 European Car of the Year ahead of the Geneva Motor Show in Switzerland. It is the first win of this prestigious award for Volvo Cars, the premium car maker. “Winning this… Continue reading New Volvo XC40 is named 2018 European Car of the Year

Market entry: ViaVan launches app-based on-demand ridesharing service in Amsterdam

05.

March 2018

Stuttgart

Press Contact for this Press Release (1)

Thomas Christian Rosenthal

Product Communications adVANce and Future Transportation

thomas_christian.rosenthal@daimler.com

Tel: +49 711 1740286

Fax: +49 711 1779029941

ViaVan, the joint venture between Mercedes-Benz Vans and Via, is launching its service in Amsterdam. The Dutch capital is thus the first city in Europe where this cost-effective and sustainable alternative form of mobility is available with immediate effect. Thanks to innovative technology which enables journeys to be pooled, passengers with similar or the same destinations travel together without any lengthy detours and delays. In September of last year Mercedes-Benz Vans and Via, a start-up company based in New York, founded the joint venture ViaVan with the following aim: to bring ridesharing to Europe and to establish it here as a complement to existing mobility offers. Other cities are to follow suit, including Berlin and London, where the service will also be launched depending on final approvals.
Further information on this topic is available on the ViaVan website: www.ViaVan.com/amsterdamlaunch

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Volkswagen is apparently driving forward the IPO of the truck division

For a long time Volkswagen has been flirting with an IPO of its truck business – now the group is making headway: According to “Handelsblatt”, the division is to be converted into a stock corporation in March. Volkswagen headquarters in Wolfsburg Sunday, 04.03.2018 14:55 clock “Brummis to the stock market”: Thus titled the SPIEGEL already… Continue reading Volkswagen is apparently driving forward the IPO of the truck division

VW examines trucks structure ahead of possible IPO -source

GENEVA (Reuters) – Volkswagen (VOWG_p.DE) managers discussed changing the corporate structure of its trucks business last week, a step needed for an eventual separate listing, a source close to the company said. FILE PHOTO: A Volkswagen logo is pictured at Volkswagen’s headquarters in Wolfsburg, Germany, April 22, 2016. REUTERS/Hannibal Hanschke/File Photo The trucks board debated… Continue reading VW examines trucks structure ahead of possible IPO -source

VW Weighs Strategic Options for Truck Division Revamp

Volkswagen AG officials are discussing options to prepare the truck division for access to the capital markets, potentially paving the way for an initial public offering of shares or a bond sale by the unit, according to people familiar with the matter. Deliberations at a meeting last week included changing the division’s legal structure to… Continue reading VW Weighs Strategic Options for Truck Division Revamp