by Andre Borbe conclude New cars are expensive, but how much money do manufacturers make and who earns the most? This shows a study. Two brands even make losses. Those who buy a new car pay attention to the price and try to get discounts from the car dealer. Sometimes the dealers go down with… Continue reading So much do BMW, Mercedes and VW really earn with their cars
Tag: Toyota
Car companies in the innovation check: The most innovative car in the world comes from Neckarsulm
All articles and backgrounds 08/25/2018 Car companies in the innovation check The most innovative car in the world comes from Neckarsulm The world’s most innovative volume manufacturer is based in Wolfsburg; the most innovative premium manufacturer is based in Munich; The most innovative car is running in Neckarsulm off the line – the “Center of… Continue reading Car companies in the innovation check: The most innovative car in the world comes from Neckarsulm
An Interview With Self-Driving Visionary Larry Burns, Co-Author of ‘Autonomy’
Larry Burns, GM vice president of Research and Development and Planning, gestures during a press conference Thursday, January 27, 2005, in New York. General Motors, along with Shell Hydrogen LLC, announced plans to provide 13 fuel cell-powered vehicles to New York State, and to open New York state’s first hydrogen service station in 2006. Photographer:… Continue reading An Interview With Self-Driving Visionary Larry Burns, Co-Author of ‘Autonomy’
Four Toyota group firms to form JV for self-driving tech: Nikkei
TOKYO (Reuters) – Four Toyota Motor Corp (7203.T) group firms will form a joint venture to combine their self-driving technologies to better compete with automotive component giants such as Bosch Group [ROBG.UL], the Nikkei business daily reported on Friday. A Toyota Motor Corp logo is pictured in a showroom in Tokyo June 24, 2010. REUTERS/Yuriko… Continue reading Four Toyota group firms to form JV for self-driving tech: Nikkei
Southeast Asia’s Grab plans electric vehicle push
Grab, the ride-hailing company that consumed Uber’s business in Southeast Asia, today made a big push to grow the number of electric vehicles in its fleet after it partnered with energy supplier Singapore Power. The deal will see Grab add 200 new ‘fast-charging’ EVs to its fleet in Singapore with SP providing “preferential” pricing at the… Continue reading Southeast Asia’s Grab plans electric vehicle push
Driving the Future – Toyota Team Members Get Connected
•Toyota strengthens Dedicated Short Range Communication (DSRC) 5.9GHz Vehicle to Everything (V2X) technology commitment via University of Michigan Transportation Research Institute partnership. •Further establishes the Ann Arbor Connected Vehicle Test Environment as the world’s largest operational real-world deployment of connected vehicles and infrastructure. August 22, 2018 ANN ARBOR, Mich. (August 22, 2018) The University of… Continue reading Driving the Future – Toyota Team Members Get Connected
Getaround car-share service raises $300 million in new funding round
Source: Jill Silvestri
Getaround, the car-share company that lets drivers rent their vehicles to strangers, is gearing up for more growth fueled by a new round of funding.
The San Francisco company has raised $300 million in Series D funding led by the SoftBank Vision Fund. Toyota and company insiders also provided money in the latest financing round. Getaround has raised $400 million in total capital so far.
“We are confident in our product, playbook, and team,” Sam Zaid, Getaround founder and CEO said in a statement. “We look forward to leading the growth of next-generation carsharing.”
Since starting in 2010, Getaround has steadily grown its car-share network to include several thousand vehicles in 66 U.S. cities. In the last year, Getaround has seen a sevenfold Increase in booked hours.
For SoftBank, the investment comes just months after the Japanese company agreed to buy a 20 percent stake in GM's autonomous vehicle subsidiary Cruise Holdings for $2.25 billion. SoftBank also has invested $9.3 billion in Uber, becoming the ride-hailing company's largest investor.
“SoftBank sees carsharing as an accelerating trend that will disrupt car ownership”, said Michael Ronen, managing partner of SoftBank Investment Advisers.
Car-sharing, which allows members to rent a vehicle for a few hours or several days, has been around for more than 15 years. Zipcar may be the best-known car-share company with more than 12,000 vehicles available for rent. In recent years the industry has picked up momentum with Daimler subsidiary Car2Go and GM subsidiary Maven both steadily growing their networks.
Questions? Comments? BehindTheWheel@cnbc.com.
Toyota, Renault, VW: Japanese and French depend on German carmakers in terms of efficiency
Toyota production in Miyawaka In terms of operating profit, Japanese carmakers are even leaving Daimler behind. (Photo: AP) DüsseldorfThe world in Wolfsburg could actually be okay. With 5.5 million vehicles sold was VW also in the first half of the year the largest automaker in the world. Even the profit was lush with 8.16 billion… Continue reading Toyota, Renault, VW: Japanese and French depend on German carmakers in terms of efficiency
Carsharing Leader Getaround Raises $300M in Series D
Getaround, a San Francisco, CA-based carsharing platform that allows users to rent and drive cars shared by people in their city, raised $300m in Series D financing. The round was led by SoftBank, with participation from Toyota Motor Corporation, and inside investors. The company intends to use the funds to continue growing and expanding into… Continue reading Carsharing Leader Getaround Raises $300M in Series D
Car-sharing startup Getaround raises $300 mln in funding led by SoftBank
(Reuters) – Car-sharing startup Getaround Inc has raised about $300 million in the latest funding round led by Japan’s SoftBank Group Corp, the San Francisco-based firm said on Tuesday. Toyota Motor Corp and some other existing investors were also part of the Series D funding round, Getaround said. The company, founded in 2013, has been… Continue reading Car-sharing startup Getaround raises $300 mln in funding led by SoftBank