Social Bicycles, now officially known as Jump Bikes, has just closed a $10 million Series A round led by Menlo Ventures with participation from Sinewave Ventures, Esther Dyson and others. “At Menlo Ventures, our investment team supports entrepreneurs who are on a mission to change the world—including, how consumers move through it,” Menlo Ventures Managing… Continue reading Social Bicycles raises $10 million Series A round, rebrands as Jump Bikes
Tag: M and A
Delphi Technologies invests in innovative capacitor start-up
LONDON, Jan. 16, 2018 /PRNewswire/ — Delphi Technologies PLC (NYSE: DLPH), a global leader in vehicle propulsion, today announced an investment in PolyCharge America, Inc. (www.polycharge.com), a start-up established to commercialize a new capacitor technology. This technology helps to make high-power inverters smaller, lighter and more tolerant to high temperatures. (PRNewsfoto/Delphi Technologies)… The minority equity… Continue reading Delphi Technologies invests in innovative capacitor start-up
Press Release – Magna Announces Outlook
Please click HERE for a PDF version of the release. Continuing to grow sales faster than vehicle production through 2020 Accelerating free cash flow1 in 2018-2020 period AURORA, ON, Jan. 16, 2018 /CNW/ – Magna International Inc. (TSX: MG; NYSE: MGA) today announced its financial outlook for 2018 and 2020. “The pace of change in… Continue reading Press Release – Magna Announces Outlook
UPDATE 2-French carmaker PSA’s sales lifted by growth in Iran and Latin America
* Iran, Latin America offset difficulties in UK, China * Worldwide sales rise 15.4 pct * Rival Renault also posted higher sales this week (Adds detail, fund manager comment) By Sudip Kar-Gupta and Gilles Guillaume PARIS, Jan 16 (Reuters) – French carmaker PSA’s global sales jumped by 15 percent last year as strong growth in… Continue reading UPDATE 2-French carmaker PSA’s sales lifted by growth in Iran and Latin America
Magna Announces Outlook
Continuing to grow sales faster than vehicle production through 2020 Accelerating free cash flow1 in 2018-2020 period AURORA, ON, Jan. 16, 2018 /PRNewswire/ – Magna International Inc. (TSX: MG; NYSE: MGA) today announced its financial outlook for 2018 and 2020. Don Walker, Magna’s Chief Executive Officer (CNW Group/Magna International Inc.) Vince Galifi, Magna’s Chief Financial… Continue reading Magna Announces Outlook
Spotlight on Singapore: Grab x Hyundai, ComfortDelGro x Uber & Volvo x NTU
Spotlight on Singapore: Grab x Hyundai, ComfortDelGro x Uber & Volvo x NTU Welcome to our weekly news highlights by Splyt, the place where you‘ll find the most relevant information about the urban mobility scene. Follow us for updated news, we post every Tuesday! Here is what happened last week: Hyundai Invests in Grab And yet, another automaker… Continue reading Spotlight on Singapore: Grab x Hyundai, ComfortDelGro x Uber & Volvo x NTU
BMW Group acquires Parkmobile, LLC to become world’s leading provider of digital parking solutions
Munich. The BMW Group has acquired Parkmobile, LLC, the largest provider of mobile parking services in North America, in January 2018, making the BMW Group the leading international provider of digital parking solutions. With its corporate strategy NUMBER ONE > NEXT, the BMW Group is firmly focused on the mobility of the future and investing… Continue reading BMW Group acquires Parkmobile, LLC to become world’s leading provider of digital parking solutions
SEAT to showcase the present and future of the automobile at the Mobile World Congress 2018
SEAT is attending the Mobile World Congress 2018 with a spectacular portfolio full of developments in connectivity. Participating this year for the fourth time in a row, the brand is going to showcase its latest solutions and advances in Easy Mobility, which is its strategy for developing future mobility. The fully customisable SEAT Simulator, the… Continue reading SEAT to showcase the present and future of the automobile at the Mobile World Congress 2018
Chinese Carmaker May Use Fiat Chrysler for Foothold in United States
“In the first half of this year, we will establish a North American sales company that will be responsible for developing the dealership network,” Mr. Jun said. “We will explore all sorts of channels including partnering with F.C.A. as well as others.” Sergio Marchionne, Fiat Chrysler’s chief executive, said his company was ready to assist… Continue reading Chinese Carmaker May Use Fiat Chrysler for Foothold in United States
Geely to Use Volvo’s Europe Plants to Manufacture New Car Brand
Zhejiang Geely Holding Group Co. Ltd. and its Volvo Cars unit will make Lynk & Co vehicles at Volvo plants in Europe, according to one company executive. Details of the plan will be unveiled this year, according to Geely CEO An Conghui, who also said the automaker is considering setting up its own factory on… Continue reading Geely to Use Volvo’s Europe Plants to Manufacture New Car Brand