Germany-based Wunder Mobility acquired the technology and staff of Australia-based Keaz, a car-sharing and rental technology provider. The amount of the deal was not disclosed. As part of the deal, Keaz team members, including founder and CTO Tim Bos, will be joining the Wunder Mobility team as it continues to invest in further development of… Continue reading Wunder Mobility Acquires Keaz
Tag: Toyota
@BMW: The powertrain for the BMW i Hydrogen NEXT: BMW Group reaffirms its ongoing commitment to hydrogen fuel cell technology.
Munich. Developing alternative powertrain technologies is a top priority for the BMW Group. The premium carmaker offers first virtual insights into the powertrain system for the BMW i Hydrogen NEXT and reaffirms its commitment to following a carefully considered and systematic route to emission-free mobility. This approach also includes the careful consideration of differing market… Continue reading @BMW: The powertrain for the BMW i Hydrogen NEXT: BMW Group reaffirms its ongoing commitment to hydrogen fuel cell technology.
Nexteer Reports 2019 Financial Results
AUBURN HILLS, Mich., March 29, 2020 /PRNewswire/ — Nexteer Automotive today reported annual results for its fiscal year ended December 31, 2019. The Company’s 2019 financial results were impacted by various environmental challenges including lower OEM light vehicle production across all regions, led by a decline in China, a GM-UAW labor strike in North America interrupting vehicle… Continue reading Nexteer Reports 2019 Financial Results
Toyota says most Europe plants won’t restart until April 20 at earliest
FILE PHOTO: A man walks past a Toyota logo at the Tokyo Motor Show, in Tokyo, Japan October 24, 2019. REUTERS/Edgar Su TOKYO (Reuters) – Toyota Motor Corp (7203.T) said on Monday that it would extend a suspension at all of its factories in Europe with the exception of Russia until further notice, with a… Continue reading Toyota says most Europe plants won’t restart until April 20 at earliest
@Toyota: We Are Here For You! Toyota’s Response to the COVID-19 Crisis
Fabrication of face shields and collaboration to ramp up the manufacture of vital medical devices for hospitals PLANO, Texas, March 27, 2020 – As a result of the COVID-19 pandemic, Toyota Motor North America, Inc. (TMNA) continues to assist those in need with essential supplies, emergency relief and is providing on-going support to many local… Continue reading @Toyota: We Are Here For You! Toyota’s Response to the COVID-19 Crisis
Wunder Mobility Acquires Leading Car Rental Technology Provider KEAZ
LOS ANGELES, March 27, 2020 /PRNewswire/ — Wunder Mobility announced today that it has acquired the technology and talent of Australia-based car-sharing and rental technology provider, KEAZ. KEAZ’s technology allows companies ranging from rental agencies, car dealerships and corporates to provide users with shared access to vehicles via a customized mobile application and powerful back-office management… Continue reading Wunder Mobility Acquires Leading Car Rental Technology Provider KEAZ
Trump demands GM, Ford build ventilators; could order action
FILE PHOTO: U.S. President Donald Trump addresses the coronavirus task force daily briefing at the White House in Washington, U.S., March 26, 2020. REUTERS/Jonathan Ernst WASHINGTON/DETROIT (Reuters) – President Donald Trump urged General Motors Co and Ford Motor Co on Friday to quickly build badly needed ventilators for COVID-19 patients and suggested he could invoke… Continue reading Trump demands GM, Ford build ventilators; could order action
Ineos Automotive reveals its Defender-like Grenadier SUV in greater detail – Forma car News
Ineos Automotive has revealed some of the principal specs of its upcoming Grenadier SUV, which openly takes after the Land Rover Defender classics. Four years ago, just as the first-gen Defender went out of production, Ineos CEO Jim Ratcliffe contacted Jaguar Land Rover asking to buy the production rights. Facing refusal, he decided to design… Continue reading Ineos Automotive reveals its Defender-like Grenadier SUV in greater detail – Forma car News
Toyota seeks $9.2 billion credit line from Sumitomo Mitsui, MUFG Bank: Kyodo
FILE PHOTO: A man walks past a Toyota logo at the Tokyo Motor Show, in Tokyo, Japan October 24, 2019. REUTERS/Edgar Su TOKYO (Reuters) – Toyota Motor Corp (7203.T) has sought a credit line totaling 1 trillion yen ($9.23 billion) from Sumitomo Mitsui Banking Corp and MUFG Bank as fund-raising costs rise on the back… Continue reading Toyota seeks $9.2 billion credit line from Sumitomo Mitsui, MUFG Bank: Kyodo
2,000 contract workers let go at Fiat Chrysler as automakers hunker down
Almost 2,000 contract workers across North America at Fiat Chrysler Automobiles will be out of a job as projects are paused, another indication of the pressure the auto industry is under amid the coronavirus pandemic. General Motors Co. and Ford Motor Co., meanwhile, are borrowing billions from existing credit facilities to ensure financial flexibility as… Continue reading 2,000 contract workers let go at Fiat Chrysler as automakers hunker down