Grab, Uber’s closest rival in Southeast Asia, continues to slowly release information about its newest funding round after it revealed it has netted a strategic investment from Hyundai. To recap, the Singapore-based firm raised a massive $2 billion led by SoftBank and China’s Didi Chuxing last July with plans to extend the round by a… Continue reading Grab, Uber’s rival in Southeast Asia, pulls in strategic investment from Hyundai
Tag: Toyota
Ford to put auto emergency brakes on two 2019 models
The brakes are part of a suite of standard safety features on the new Edge, Ford said, including technology that detects objects and pedestrians and can prevent collisions by automatically braking and steering for the driver. Ford Motor Co said on Thursday it will make automatic emergency brakes standard on two key 2019 models, an… Continue reading Ford to put auto emergency brakes on two 2019 models
UPDATE 1-Hyundai invests in Grab to gain ‘foothold’ in Southeast Asia ride-hailing market
SEOUL (Reuters) – South Korea’s Hyundai Motor Co (005380.KS) said on Thursday it had invested in Southeast Asian ride-hailing firm Grab, as it seeks to expand into the region to reduce its reliance on China following a damaging diplomatic row between Seoul and Beijing. Hyundai’s first direct investment in a ride-hailing firm gives it a… Continue reading UPDATE 1-Hyundai invests in Grab to gain ‘foothold’ in Southeast Asia ride-hailing market
Toyota C-HR leads the pack as the top-selling new SUV in 2017
Toyota City, Japan, January 11, 2018―Toyota Motor Corporation today revealed strong results for its C-HR model in 2017(Jan.-Dec.), with sales topping 117,299 units1, earning the top spot among all automakers in the number of new SUVs sold in Japan in 2017. The C-HR debuted in December 2016 as an SUV that reflects Toyota’s commitment to… Continue reading Toyota C-HR leads the pack as the top-selling new SUV in 2017
Hyundai Motor and Grab Sign Strategic Partnership to Expand Mobility Service
SEOUL, South Korea and SINGAPORE, Jan. 10, 2018 /PRNewswire/ — Hyundai Motor Company, South Korea’s largest automaker, and Grab, the leading on-demand transportation and mobile payments platform in Southeast Asia, today announced a strategic partnership that will expand Hyundai’s innovative future mobility services in Southeast Asia. The strategic partnership will help Hyundai explore new opportunities in the… Continue reading Hyundai Motor and Grab Sign Strategic Partnership to Expand Mobility Service
Toyota sees U.S. auto industry 2018 sales at 16.8 mln units -exec
(Reuters) – Toyota Motor Corp (7203.T) sees U.S. auto industry new vehicle sales at 16.8 million units in 2018, Jim Lentz, the Japanese automaker’s top executive in North American told Reuters on Wednesday. U.S. new vehicle sales fell 2 percent in 2017, after hitting a record high in 2016, and are widely expected to fall… Continue reading Toyota sees U.S. auto industry 2018 sales at 16.8 mln units -exec
Mazda, Toyota select Alabama for new U.S. auto manufacturing plant
2018/01/11 Company Information Investment to reach $1.6 billion for facility that will employ up to 4,000, open in 2021 Montgomery, Alabama (January 10, 2018) – Alabama Governor Kay Ivey and Huntsville Mayor Tommy Battle joined Mazda (MZDAF) and Toyota (NYSE: TM) leaders today to announce the automakers have selected Huntsville, Alabama as the site of… Continue reading Mazda, Toyota select Alabama for new U.S. auto manufacturing plant
Notice: Livestream of a press conference by Toyota and Mazda
January 10, 2018 Toyota Motor Corporation and Mazda Motor Corporation will make an announcement and hold a press conference at 3:00 pm (U.S. Eastern Standard Time) / 2:00 pm (U.S. Central Standard Time) / 12:00 pm (U.S. Pacific Standard Time) in the U.S. regarding their joint venture plant in the U.S. Livestream of the press… Continue reading Notice: Livestream of a press conference by Toyota and Mazda
Asia tech news roundup – Jan 10
Checking stock before it gets sent to buyers. Photo credit: Leflair APAC Mining, NiYO, and Leflair were a few of the startups that announced funding in Asia Pacific today, while news emerged of Line’s plans to support cryptocurrencies. Fintech Lendingkart secures US$4.7 million in debt funding (India). The online lender for small businesses netted the… Continue reading Asia tech news roundup – Jan 10
Ford lays out grand vision for a self-driving car future
LAS VEGAS — Ford CEO Jim Hackett offered an ambitious vision for the automaker’s self-driving vehicle business strategy Tuesday, depicting a future that will be as much as about networks of cars and traffic signals as any particular models. Ford CEO James Hackett smiles while getting ready for an interview next to a self-driving delivery… Continue reading Ford lays out grand vision for a self-driving car future