Grab is shrugging off the threat that Singapore might undo its acquisition of Uber’s Southeast Asia business after the ride-hailing firm announced a new strategy to become Southeast Asia’s one-stop “super app.” The Competition and Consumer Commission Singapore (CCCS) last week said it may levy a fine or unwind the Uber-Grab deal but today Singapore-based Grab announced a… Continue reading After Uber buyout, Grab aims to go beyond rides to become Southeast Asia’s one-stop app
Tag: Toyota
Trump tariffs could add $5,000 to price of new cars and trucks in US
“While we understand that the administration is working to achieve a level playing field, tariffs are not the right approach,” the Alliance said. “Tariffs on autos and auto parts raise vehicle prices for all customers, limit consumer choice and invite retaliatory action by our trading partners,” it said. “Automakers support reducing trade barriers across the… Continue reading Trump tariffs could add $5,000 to price of new cars and
trucks in US
Cox invests in ride-sharing car platform
COX Automotive, the world’s leading automotive services company, has extended its already broad footprint across the motor industry with an investment in a ride-sharing platform. The move gives the privately-owned company a foot in the door of the next generation of growth in motoring services. Ridecell Inc, which claims to be the platform of choice… Continue reading Cox invests in ride-sharing car platform
Tariffs create uncertainty in the automotive industry, says former Toyota exec
The Trump administration’s tariffs might hurt the car and truck industry more than help, auto industry veteran Jim Press told CNBC.
LiDAR startup Luminar hires former Fitbit and Apple execs
LiDAR company Luminar and its whiz founder Austin Russell burst onto the autonomous vehicle startup scene last April after operating for years in secrecy. Now, Luminar has nabbed two high-profile hires that signal its grander ambitions in the race to develop and deploy autonomous vehicles. Luminar announced Thursday it has hired Fitbit executive Bill Zerella as… Continue reading LiDAR startup Luminar hires former Fitbit and Apple execs
VW invests one billion in India
Monday, 07/02/2018 18:35 clock Volkswagen wants to put a billion euros into an offensive on the Indian car market. The goal is a market share of five percent by 2025, said the Czech subsidiary Skoda With. The Wolfsburg car manufacturer had given Skoda the responsibility for the Indian market. While Skoda increased sales there by… Continue reading VW invests one billion in India
Hyundai Warns U.S. Auto Tariff Would Be ‘Devastating’
LISTEN TO ARTICLE SHARE THIS ARTICLE Hyundai Motor Co. joined a chorus of rebuke from global automakers against possible import tariffs by the Trump administration, warning the duties would be “devastating” to the Korean automaker and its U.S. operations. The tariffs “would not only harm Hyundai Motor’s U.S. business operations and the American workers and… Continue reading Hyundai Warns U.S. Auto Tariff Would Be ‘Devastating’
A joinery is being refurbished by the ECB
W iesenbronn in Lower Franconia, a community with just under 1000 inhabitants at the foot of the Schwanberg. Time seems to have stopped: Cozy single-family homes and small craftsmanship characterize the villagescape. However, moving only a few meters towards the outskirts, this idyll vanishes: modern buildings, innovative architecture, large production halls and warehouses, and a… Continue reading A joinery is being refurbished by the ECB
So dependent are the automakers of China
D he German automakers are becoming increasingly dependent on the Chinese market. Last year Volkswagen sold two out of five cars in China, according to a report published on Tuesday by the Center for Automotive Management (CAM) in Bergisch Gladbach. Audi Every third sold there, BMW every fourth and Daimler every fifth. According to CAM… Continue reading So dependent are the automakers of China
General Motors warns Trump against import duties cars
D he largest American auto company General Motors (GM) has president Donald Trump warned of higher import duties on vehicles from abroad. Should the government increase the barriers to trade for automakers, it would create risks that could hurt competitiveness in the United States and lead to job losses. the group said on Friday ,… Continue reading General Motors warns Trump against import duties
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