Harald Kruger, CEO and Chairman of the Board of Management of BMW AG and Dieter Zetsche, CEO of Daimler AG, shake hands at a news conference to present plans for combining the companies’ car-sharing businesses, in Berlin, Germany, February 22, 2019. REUTERS/Axel Schmidt BERLIN (Reuters) – German carmakers Daimler and BMW unveiled a joint ride-hailing,… Continue reading UPDATE 1-Daimler, BMW to invest 1 bln euros in venture to rival Uber
Tag: BMW
BMW Group and Daimler AG invest more than €1 billion in joint mobility services provider
BERLIN, Feb. 22, 2019 /PRNewswire/ — Game-changing new player to enter growing market for urban mobility Vision: all-electric, autonomous, on-demand mobility Five joint ventures to be established: REACH NOW, CHARGE NOW, FREE NOW, PARK NOW, and SHARE NOW Services already have roughly 60 million customers worldwide Plans to create up to 1,000 new jobs worldwide… Continue reading BMW Group and Daimler AG invest more than €1 billion in joint mobility services provider
Motiv Power Systems Welcomes Ford Industry Veteran, Matt O’Leary, as New CEO
“This transition is really a natural byproduct of the tremendous market success that Motiv has experienced, and the future growth plans we are putting in place,” said O’Leary. “The number of recent key partner and supplier agreements Motiv has secured over the past year, including sales to USPS and a strategic partnership with Winnebago, as… Continue reading Motiv Power Systems Welcomes Ford Industry Veteran, Matt O’Leary, as New CEO
VW and PSA fuel-saving technology is too expensive for the segment: Why the supply of auto-dwarfs will probably shrink soon
VW VW Up: The future of the micro car in the VW Group is rather uncertain Really cheap cars and stricter CO2 requirements of the EU: This can, in the opinion of VolkswagenGroup CEO Herbert Diess did not last long. With tightened EU fleet limits, especially small cars will be significantly more expensive, he warned… Continue reading VW and PSA fuel-saving technology is too expensive for the segment: Why the supply of auto-dwarfs will probably shrink soon
Interview with Bram Schot: Audi CEO plans radical austerity program: “We have too many executives on board”
Audi boss Bram Schot The new CEO Bram Schot plans a drastic austerity program at Audi. (Photo: AUDI AG) Ingolstadt If the AudiSupervisory Board meets on Thursday, then the management report for 2018 will probably be sobering. In the third year of the diesel crisis, sales are declining, yield in the basement, and the prospects… Continue reading Interview with Bram Schot: Audi CEO plans radical austerity program: “We have too many executives on board”
The options open to dealers after termination
Losing a franchise is a major blow for any dealer. You will ave likely invested many years, let alone a lot of money, in the brand and suddenly you can’t use it any more. Or can you? First, though, why would you want to? You cannot obtain supplies of new cars from the manufacturer any… Continue reading The options open to dealers after termination
BMW Group Plant Dingolfing to create up to 2,000 secure jobs in e-mobility
Dingolfing. The mobility of tomorrow is being turned into reality to a large extent in Dingolfing. Ilka Horstmeier, the new director of the BMW Group’s plant in Lower Bavaria, is convinced of this: “We want to, and will, emerge as a winner in our industry’s technological transformation. And we will continue to pioneer future topics… Continue reading BMW Group Plant Dingolfing to create up to 2,000 secure jobs in e-mobility
Munich-based digital car subscription startup Cluno raises €25 million in Series B funding
Based in Munich, Cluno is a digital car subscription service that provides drivers with an alternative to buying their own car, and allows the entire process of booking a car to be carried out via an app.
Founded in 2017, Cluno has already raised €32 million in less than one year, and has just raised a Series B round of €25 million, which it will use to accelerate its expansion and enhance its technology. The latest round was led by Valar Ventures, along with existing investors Acton Capital Partners and Atlantic Labs.
Cluno launched its app for iOS on October 31st, 2018, and its Android app just launched in early 2019.
Cluno’s subscription model for car ownership lets consumers drive their own car without buying it. In just three minutes, users can digitally book a car in the app for an all-inclusive, monthly subscription fee and get it delivered to their desired location. In contrast to purchasing, financing or leasing a car, there is no long-term commitment – the minimum contract..
BMW Group to expand global R&D network: Technology Office due to open in Tel Aviv in 2019
Munich. The BMW Group has been collaborating with Israeli firms from various technology fields for a number of years now. The company has now announced that it will open an office for trend and technology scouting in Israel. “Tel Aviv has one of the fastest growing startup scenes in the world – especially in the… Continue reading BMW Group to expand global R&D network: Technology Office due to open in Tel Aviv in 2019
BMW at the 89th Geneva International Motor Show 2019.
Munich/Geneva. The BMW stand at the International Motor Show 2019 in Geneva focuses on the company’s continuing model offensive in the luxury segment and the ongoing expansion of its range of vehicles with electrified drive systems. Just a few weeks after being unveiled to the world, the new BMW 7 Series luxury sedan is making… Continue reading BMW at the 89th Geneva International Motor Show 2019.