A screen grab of the Socar app. Photo via Socar. South Korea-based carsharing startup Socar has launched in Malaysia, marking its first overseas expansion according to an article by Digital News Asia. The Socar fleet in Malaysia consists of 240 vehicles in the Klang Valley. Vehicles include the Perodua Axia, Honda City, Honda HR-V and… Continue reading Socar Launches in Malaysia
Tag: BMW
Fair Raises Funding; Acquires Skurt
Fair, a Santa Monica, CA-based provider of an app that lets people shop, get approved and pay for cars, closed a strategic equity funding of undisclosed amount. The round was led by next47, with participation from BMW, CreditEase FinTech Investment Fund, Millennium Technology Value Partners, 137 Ventures, G Squared, and Upfront Ventures. Led by Scott… Continue reading Fair Raises Funding; Acquires Skurt
Autonomous driving: Hyundai wants on board BMW Alliance
Hyundai apparently wants to enter the alliance of BMW and Intel for autonomous driving. The talks could soon come to a conclusion.
Hyundai at BMW Cooperation Group
The manufacturer Hyundai joins the BMW Alliance – probably as the last member. As late as December last year, there were disagreements in the cooperation group with BMW with the goal to realize autonomous driving until 2021. The difference of opinion involved other cooperation members. Only reluctantly, BMW agreed to the further recording, which probably… Continue reading Hyundai at BMW Cooperation Group
UK new car registrations decline in January
UK new car market declines in January – down -6.3%, as 163,615 cars leave showrooms. Demand for petrol and alternatively fuelled vehicles rises, but fails to offset fall in new diesel registrations. SUVs only vehicle segment to show growth, with 6.6% uplift leading to record market share. The UK new car market declined in the… Continue reading UK new car registrations decline in January
Mahindra First Choice Wheels Raises $15 Million valuing the company at $265 Million
Mahindra First Choice Wheels Raises $15 Million valuing the company at $265 Million – Funds are primary infusion into the company to fund growth over the next 18 months– Existing investors participating in this round– Over the last five years, monthly revenue growth for the company at 3.5% with annual growth rate of over 50%–… Continue reading Mahindra First Choice Wheels Raises $15 Million valuing the company at $265 Million
Car companies pay now but quarter of billions of euros in the diesel fund
VW, BMW and Daimler have yielded to SPIEGEL information in the dispute with the federal government. They now want to pay the entire industry contribution to the diesel fund.
BMW C Evolution squeezes EV technology into a scooter
While new companies like Zero and Gogoro are establishing themselves as first-rate two-wheeled vehicle builders, the Hondas and Yamahas of the world have taken a more cautious approach to the market. BMW, on the other hand, launched its own electric scooter way back in 2014. Sadly it was only available in Europe — until now.… Continue reading BMW C Evolution squeezes EV technology into a scooter
Strikes shut down factories, also affected Daimler and Opel: At BMW and Audi in Bavaria, nothing works
Volkswagen, BMW and Daimler diesel monkey tests: brands have ‘blood on their hands’
German car makers have admitted an organisation of theirs used monkeys in diesel fume tests German manufacturers admitted to financing a study that was designed to prove emissions were lower by forcing animals to breathe in exhaust fumes Volkswagen, BMW and Daimler have “blood on their hands” because of the deaths caused by excessive nitrogen oxide emissions… Continue reading Volkswagen, BMW and Daimler diesel monkey tests: brands have ‘blood on their hands’