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
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BMW Group and Codelco agree on cooperation to establish the Responsible Copper Initiative.
The BMW Group and the Chilean copper mining company Codelco have signed an agreement to cooperate on a sustainable and transparent supply of copper. From the mining of the metal to installation in the automobile, Codelco and the BMW Group will form the start and end point in the copper supply chain and thus create… Continue reading BMW Group and Codelco agree on cooperation to establish the Responsible Copper Initiative.
Singapore’s BM Mobility offers to buy Malaysia’s electric car-sharing firm UNiRIDE
January 11, 2018 BM Mobility Ltd, a Singapore-listed investment holding firm, said Thursday that it has offered to acquire Malaysian electric car- sharing firm UNiRide Ecotour Sdn Bhd (UNiRIDE), for RM850,000 ($212,944). UNiRIDE, founded in 2015, is currently 75%-owned by Wanted Marketing Communications Sdn Bhd, an authorized sales agent for electric bike manufacturer Treeletrik Sdn… Continue reading Singapore’s BM Mobility offers to buy Malaysia’s electric car-sharing firm UNiRIDE
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
Uber rival Taxify expands into Lisbon while eyeing fresh funding
FRANKFURT (Reuters) – Taxify, Uber’s upstart European-based rival, is looking to expand during the coming year outside of the biggest cities in the more than 20 countries where it now operates into secondary markets, Chief Executive Markus Villig said on Thursday. The Estonia-based taxi-hailing platform active in Central and Eastern Europe and Africa, has taken… Continue reading Uber rival Taxify expands into Lisbon while eyeing fresh funding
Ford sued in federal court over claims of diesel emissions cheating
CLOSE Pushing the price boundaries again, Ford debuted the 2018 F-Series Super Duty Limited pickup truck Thursday at the State Fair of Texas that inches the once-humble haulers closer to the $100,000 mark. USA TODAY Ford Motor Co. is being sued over allegations that it cheated on diesel emissions testing.(Photo: Ford Motor Company) Super Duty… Continue reading Ford sued in federal court over claims of diesel emissions cheating
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
Argo AI self-driving test car hit in Pittsburgh as truck runs red light
One of the test cars Argo AI operates in its Pittsburgh fleet was involved in an accident on Wednesday, with two people sent to hospital (n stable condition) with injuries as a result of the accident. The incident appears to have been caused by a light box truck driving through a red light, rather than… Continue reading Argo AI self-driving test car hit in Pittsburgh as truck runs red light
Kia Spain chooses Cetelem as its financier
Kia Motors Iberia reported today that it has reached an agreement with Cetelem Spain, a subsidiary of BNP Paribas, so that it will be in charge of financing the sale of its vehicles in the next three years (starting in 2018). Kia Motors Iberia has a network of eighty-one dealers in Spain. On January 4,… Continue reading Kia Spain chooses Cetelem as its financier
Sale of BOSCH division for starter motors and generators completed: SEG AUTOMOTIVE starts its journey into the future
NOVI, Mich., Jan. 10, 2018 /PRNewswire/ — The well-established starter motor and generator division of the Bosch Group has completed its transition to an independent company: it will operate under the name SEG Automotive, effective immediately, including the local division SEG Automotive North America. The new name is testimony to over a century of history in… Continue reading Sale of BOSCH division for starter motors and generators completed: SEG AUTOMOTIVE starts its journey into the future