BMW and Daimler are advancing in the proposed merger of their car sharing services, according to a newspaper report. The brands Drive Now and Car2Go should be preserved. Car2Go Smart Tuesday, 23.01.2018 18:13 clock BMW and Daimler its subsidiaries Drive Now and Car2Go are looking for information fromFrankfurter Allgemeine Zeitung“The negotiations are on the home… Continue reading The merger of the car-sharing daughters will come soon
Tag: M and A
Autoliv concludes strategic review and prepares for spin-off of its Electronics segment
Tue, Dec 12, 2017 08:30 CET (Stockholm, Sweden, December 12, 2017) – Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), the worldwide leader in automotive safety systems, today announced that its Board of Directors has concluded its strategic review and decided to prepare for a spin-off of its Electronics business segment, creating a new, independent publicly… Continue reading Autoliv concludes strategic review and prepares for spin-off of its Electronics segment
Ford UAW workers will get $7,500 profit-sharing checks
But low to moderate gas prices have propelled robust sales of large pickup trucks such as the 2016 Ford F-150 pickup that improved its fuel economy from the prior generation by using aluminum body panels. (Photo: Ford Motor Company) Ford Motor Co. said Wednesday afternoon that its year-end earnings were down slightly from analyst projections due… Continue reading Ford UAW workers will get $7,500 profit-sharing checks
Micello to join the HERE team: Together, we’ll map everything
How awesome it would be to have of searchable, digital, user-friendly maps to navigate large indoor spaces. Creating those maps efficiently… not quite as easy. We’re thrilled to be acquiring Micello to continue building premier-quality indoor maps and location-based services for everyone. Only 10 years ago, while Micello CEO Ankit Agarwal was trying to find… Continue reading Micello to join the HERE team: Together, we’ll map everything
Here acquires Micello to add indoor mapping as part of its IoT business unit
Here Technologies, the mapping company valued at around $3 billion that counts a consortium of car makers, Intel and others among its shareholder/owners, today announced a move that underscores its intention to focus on more than just the outdoor navigation business. The company has acquired Micello, a startup that offers a database of indoor maps… Continue reading Here acquires Micello to add indoor mapping as part of its IoT business unit
Nexar gets $30M Series B for its AI-based road safety dashcams and network
Nexar, a startup that makes an AI-based dashcam app to monitor road safety, announced today that it has raised a $30 million Series B led by Ibex Ventures. Participants included Alibaba Innovation Ventures (the venture capital investment arm of Alibaba Group), Nationwide Insurance and returning investors Aleph, Mosaic Ventures, Slow Ventures, True Ventures and Tusk… Continue reading Nexar gets $30M Series B for its AI-based road safety dashcams and network
India: CarTrade acquires majority stake in Shriram Automall for $24.5m
January 24, 2018 Online automobile classified platform CarTrade, operated by MXC Solution Private Ltd, is acquiring a majority stake in Shriram Automall India Ltd (SAMIL) for nearly $24.5 million to create India’s largest used vehicle platform. CarTrade will acquire shares in SAMIL from Shriram Transport Finance Company Limited (STFC), the latter said in a BSE… Continue reading India: CarTrade acquires majority stake in Shriram Automall for $24.5m
Thales and Vector collaborate on connected car cybersecurity
Thales, through its German company Sysgo, and Vector, the Stuttgart-based specialist for automotive embedded electronics founded a joint-venture to address the critical issue of multiple software managing multiple – often safety-critical – functions. The volume and complexity of software used to manage virtually every aspect of a connected or autonomous vehicle, both mechanic and electronic,… Continue reading Thales and Vector collaborate on connected car cybersecurity
Car sharing services from BMW and Daimler: Car2Go and DriveNow merger on the home straight
All articles and backgrounds 01/24/2018 Carsharing services from BMW and Daimler Car2Go and DriveNow merger on the home straight PR Carsharing cars from Car2Go (left, Daimler) and Drive Now (right, BMW): Still in February probably official Will it finally be something with the merger of Car2Go and DriveNow? In front more than a year The… Continue reading Car sharing services from BMW and Daimler: Car2Go and DriveNow merger on the home straight
Indonesia’s BeliMobilGue raises $3.7M to let consumers sell their cars quickly and easily
A new startup in Indonesia wants to car owners in Southeast Asia’s country sell their vehicle with more security and reliability. BeliMobilGue — meaning ‘Buy My Car’ — was quietly started last year as a joint venture from Berlin-based Frontier Car Group and Intudo Ventures. It acts as a middleman between Indonesia’s car dealers and consumers… Continue reading Indonesia’s BeliMobilGue raises $3.7M to let consumers sell their cars quickly and easily