Grab raising $706 mln from MUFG to roll-out financial services

SINGAPORE, Feb 25 (Reuters) – Southeast Asian ride hailer Grab is raising $706 million from Mitsubishi UFJ Financial Group Inc (MUFG) and $150 million from Japanese IT services firm TIS Inc, as it seeks to expand aggressively into financial services. “MUFG’s investment into Grab is a vote of confidence in our super app strategy and… Continue reading Grab raising $706 mln from MUFG to roll-out financial services

Nissan warns about future of European plants as Brexit weighs

Tara Patel, Bloomberg Published 12:40 p.m. ET Feb. 24, 2020 | Updated 12:43 p.m. ET Feb. 24, 2020 Nissan Motor Co. gave the starkest warning yet on the future of the Japanese group’s car factories in western Europe, with a plant in the U.K. threatened by Brexit and another in Spain suffering from a slump… Continue reading Nissan warns about future of European plants as Brexit weighs

Your next tire change could be performed by a robot

Waiting in a service station waiting room purgatory one day, Victor Darolfi had a simple thought. “I sat at America’s Tires for three hours and thought, hey, we use robots to put tires on at the factory,” the founder explains. “Why don’t we bring robots into the service industry?” The notion was the first seed… Continue reading Your next tire change could be performed by a robot

Renault Twingo ZE Ties With Smart Make It Better Than The ZOE

As expected, the Renault Twingo ZE has finally arrived. It was just a matter of time to see it around, considering its close ties to the Smart Forfour: both share the same platform and are built at the Revoz plant in Novo Mesto, Slovenia. What most did not see coming was that these ties will… Continue reading Renault Twingo ZE Ties With Smart Make It Better Than The ZOE

@Renault: The New Twingo Z.E.: more than ever the queen of the city

With Twingo Z.E., Renault’s iconic small city car now has an all-electric engine to offer even greater driving pleasure and comfort in everyday life. With its bubbly personality, this fun and easygoing car reaches its full potential in its favourite playground. By going all-electric, Twingo is more than ever the queen of the city!  … Continue reading @Renault: The New Twingo Z.E.: more than ever the queen of the city

Automotive: three-color equipment manufacturers withstand the crisis thanks to innovation

Posted Feb 24 2020 at 8:00 am The contrast is striking. One after the other, the car manufacturers are announcing sales at half mast, degraded margins, drastic restructuring. Latest, Renault, which is even fell in the red for the first time since 2009. Conversely, the annual results of the tricolor equipment manufacturers published this week… Continue reading Automotive: three-color equipment manufacturers withstand the crisis thanks to innovation

Audi Pauses e-tron Production For ‘A Few Days’

Audi was forced to stop production of its flagship all-electric model, the e-tron, at the Brussels plant in Belgium for “a few days” due to undisclosed supply chain issues. We previously heard that the German manufacturer had some constraints, that not only prevented an increase in the production rate, but even was limiting the output.… Continue reading Audi Pauses e-tron Production For ‘A Few Days’

@Renault: The management and governors of the Volga Federal district visited AVTOVAZ

An official delegation within the Council under Russia’s Presidential Plenipotentiary Envoy to the Volga Federal district Igor Komarov made a working visit to AVTOVAZ. Guests, among which were governors of almost all regions of the VFD, visited the production site and had the opportunity to test modern LADA lineup. Both long-term prospects of AVTOVAZ development… Continue reading @Renault: The management and governors of the Volga Federal district visited AVTOVAZ

@Renault: A new test track opened at AVTOVAZ

AVTOVAZ has introduced a new modern and effective method of the cars’ final quality check. Instead of the open track, which has been used since 1973 to test every car produced, a new test track has been opened, located inside the main building. This minimizes the impact of weather and road conditions on the quality… Continue reading @Renault: A new test track opened at AVTOVAZ

Nissan hopes people will pay $699 a month to swap cars on demand

Sponsored Links Roberto Baldwin / Engadget Over the last couple of years, we’ve seen automakers like Porsche and Cadillac try their hand at car subscription services, and now Nissan is doing the same. Starting in Houston, the Japanese automaker is testing its new Switch service, which allows you to swap Nissan vehicles through a mobile… Continue reading Nissan hopes people will pay $699 a month to swap cars on demand