Lime, the transportation company now formerly known as LimeBike, has partnered with Segway to launch its next generation of electric scooters. These scooters, which are set to debut mid-month in San Francisco, will supplement Lime’s existing fleet. Lime has also hit three million rides across its fleets of bikes and scooters. For style-conscious consumers, there… Continue reading Lime partners with Segway to build electric scooters
Tag: M and A
Mobile Industrial Robots acquired by Teradyne
Mobile Industrial Robots (MiR), a company that develops autonomous mobile robots for logistics applications, has been acquired by Teradyne, Inc. for €121 million ($148 million) net of cash acquired plus €101 million ($124 million at current exchange rate) if certain performance targets are met extending through 2020. [Native Advertising] MiR is a company that was launched in Denmark five… Continue reading Mobile Industrial Robots acquired by Teradyne
Volkswagen in JV talks with China’s Didi to manage fleet, co-develop cars
April 30, 2018 Volkswagen AG, the world’s biggest automaker, is in talks to form a joint venture with China’s Didi Chuxing to manage part of the ride-hailing company’s fleet of cars and help develop “purpose-built” vehicles for Didi‘s services. As part of the deal between Volkswagen and China’s biggest ride-hailing service, expected to be signed… Continue reading Volkswagen in JV talks with China’s Didi to manage fleet, co-develop cars
Dana Incorporated Announces First-quarter 2018 Financial Results with Significant Revenue Growth, Affirms Full-year Guidance Increase
MAUMEE, Ohio, April 30, 2018 /PRNewswire/ — Highlights Sales of $2.1 billion, an increase of $437 million, growth of 26 percent Net income attributable to Dana of $108 million; diluted EPS of $0.73 Adjusted EBITDA of $248 million, an increase of $43 million providing a margin of 11.6 percent Diluted adjusted EPS of $0.75, an… Continue reading Dana Incorporated Announces First-quarter 2018 Financial Results with Significant Revenue Growth, Affirms Full-year Guidance Increase
GM Recognizes GP Strategies for Performance, Quality, and Innovation
COLUMBIA, Md., April 30, 2018 /PRNewswire/ — GP Strategies Corporation (NYSE: GPX) was named a GM Supplier of the Year by General Motors during its 26th annual Supplier of the Year awards ceremony held Friday, April 20 in Orlando, Florida. GM recognized 132 of its best suppliers from 17 countries who have consistently exceeded GM’s expectations,… Continue reading GM Recognizes GP Strategies for Performance, Quality, and Innovation
Nissan: Nissan announces North American management changes
NASHVILLE, Tenn. – Nissan is making several changes to its management team in North America as the company focuses on the key pillars of its “M.O.V.E. to 2022” midterm business plan. The mission of the six-year plan is to achieve sustainable growth and to lead the technology and business evolution of the automotive industry. Changes… Continue reading Nissan: Nissan announces North American management changes
Battery startup EcoFlow raises over $4m Series A from Chinese investors
April 30, 2018 EcoFlow, a battery startup company based in San Francisco and China, has raised over $4 million Series A from Delia Capital, SCUD Group, Guangzhou Penghui Energy and Chunjia Assets, the company announced on April 27. EcoFlow said it will use the proceeds to expand R&D and sales, further deploy energy storage products, and… Continue reading Battery startup EcoFlow raises over $4m Series A from Chinese investors
UPDATE 3-T-Mobile agrees to acquire Sprint for $26 bln
(Reuters) – T-Mobile US Inc agreed on Sunday to acquire peer Sprint Corp, in a $26 billion all-stock deal that will combine the third and fourth largest U.S. wireless carriers and is expected to attract regulatory scrutiny over its impact on consumers. Smartphones with the logos of T-Mobile and Sprint are seen in this illustration… Continue reading UPDATE 3-T-Mobile agrees to acquire Sprint for $26 bln
McLaren Group continues corporate simplification
Following the merger of McLaren Automotive and McLaren Technology Group in July 2017 to enhance synergies, the McLaren Group has announced several further developments in the company’s operational structure to bring greater efficiency and simplification to the business. Shaikh Mohammed bin Essa Al Khalifa, McLaren Group Executive Chairman, explained: “The work of the past year… Continue reading McLaren Group continues corporate simplification
BMW Teams up With Innoviz to Bring Solid State LiDAR to Its Future Self-Driving Cars
The Germans may be getting ready to outfit their upcoming fleet of autonomous cars with new sensors. via Innoviz BMW has been one of the more quiet manufacturers dabbling in autonomy this past year. Despite it looking to deliver a fully self-driving car as early as 2021, the German automaker has been very tightlipped on… Continue reading BMW Teams up With Innoviz to Bring Solid State LiDAR to Its Future Self-Driving Cars