Chinese carmaker Zhejiang Geely Holding Group has reportedly spent US$3 billion for a stake of just under 3 per cent in German carmaker Daimler as it aims to become a global player. The shares, which were bought on the secondary market according to Reuters, provides further evidence that Geely, controlled by billionaire Li Shufu, is… Continue reading China’s Geely takes 3pc stake in Daimler with an eye on electric car venture with Mercedes parent
Tag: People
China’s Didi Chuxing partners 12 automakers to build EV-sharing network
February 7, 2018 China’s Didi Chuxing is teaming up with 12 automakers including the Renault-Nissan-Mitsubishi alliance to build an electric-vehicle-sharing network in the world’s largest auto market. Didi, the dominant ride-hailing company in China, launched its car-sharing platform Wednesday, the Chinese startup said in a statement. China surpassed the U.S. as the top market for… Continue reading China’s Didi Chuxing partners 12 automakers to build EV-sharing network
GM posts strong 2017 despite losses
General Motors headquarters is seen in the Renaissance Center in Detroit. (Photo: Stan Honda / Getty Images) General Motors Co. was the only Detroit automaker to post a net loss in 2017, down $3.9 billion as it adjusts for the new tax law and takes one last hit from the money-losing European business it sold… Continue reading GM posts strong 2017 despite losses
Ride-hailing app Grab to launch autonomous taxis before 2022
Ride-hailing app Grab to launch autonomous taxis before 2022 Subscribe to Premium now What do you get in your Premium Subscription package? Lex Column – The FT’s daily guide to the corporate and financial stories that matter. Since the 1930’s Lex has been providing concise, readable and timely commentary on companies, markets and the theory… Continue reading Ride-hailing app Grab to launch autonomous taxis before 2022
Embark’s self-driving semi completes trip from California to Florida
Embark Last year, autonomous trucking company Embark announced that it would begin using its Level 2 autonomous semis to deliver refrigerators from Texas to California. Now, TechCrunch reports, the company has taken it a step further as one of its trucks has now completed a 2,400 mile trip from Los Angeles to Jacksonville, Florida. The… Continue reading Embark’s self-driving semi completes trip from California to Florida
Fixing, Maintaining, and Modernizing our Transportation Infrastructure
Fixing, Maintaining, and Modernizing our Transportation Infrastructure By Danielle Burr, Head of Federal Affairs Alongside government officials, citizens, and the rest of the business community, we understand how important the role of government policy and funding is to the maintenance and modernization of America’s transportation infrastructure. These are the principles that inform our thinking and… Continue reading Fixing, Maintaining, and Modernizing our Transportation Infrastructure
Dara Khosrowshahi on the Power of Shared Mobility
Dara Khosrowshahi on the Power of Shared Mobility Uber’s CEO says moving past private car ownership will benefit the economy and the environment ‘The goal of reducing private car ownership is one we share with cities across the globe,’ says Uber CEO Dara Khosrowshahi. PHOTO: STIAN RASMUSSEN By Dara Khosrowshahi, Chief Executive Officer For the first… Continue reading Dara Khosrowshahi on the Power of Shared Mobility
Uber Partners with the Global Public Transport Association
Uber Partners with the Global Public Transport Association By Andrew Salzberg, Head of Transportation Policy & Research and Marius Macku, Senior Associate, Public Policy & Government Relations, EU Over the past seven years, we’ve learned a lot about how our users get around in over 600 cities across the globe. But we also know we… Continue reading Uber Partners with the Global Public Transport Association
Getting behind the MaaS Movement
Getting behind the MaaS Movement By Marius Macku, Senior Associate, Public Policy & Government Relations, EU Getting around town should be seamless. It’s one of the reasons why Uber was founded in the first place, so that you could push a button and get a ride from A to B. Over time we realised that this… Continue reading Getting behind the MaaS Movement
Uber Supports Moving FIRST Act
Uber Supports Moving FIRST Act By Andrew Salzberg, Head of Transportation Policy & Research Since our founding, Uber has been driven by the principle that everyone should be afforded safe, reliable transportation options at the push of a button. Fast forward seven years and billions of rides later, we now find ourselves serving communities across the… Continue reading Uber Supports Moving FIRST Act