Nairobi — Simba Corporation, a closely held Kenyan company, is in talks with four vehicle makers, including France’s Renault, about assembling their vehicles in East Africa’s biggest economy. The manufacturers are looking to tap demand in an industry that’s expected to grow 15% this year, CEO Adil Popat said in an interview in the capital,… Continue reading Simba in talks with four major car makers about assembly in Kenya
Tag: Daimler
German carmakers hit by report Trump threatens to drive them off US streets
BERLIN/FRANKFURT (Reuters) – A report that U.S. President Donald Trump has threatened to pursue German carmakers until there are no Mercedes-Benz rolling down New York’s Fifth Avenue dented shares in the luxury car manufacturers on Thursday. FILE PHOTO: U.S. President Donald Trump look on as he welcomes South Korea’s President Moon Jae-In in the Oval… Continue reading German carmakers hit by report Trump threatens to drive them off US streets
Toyota RAV4 diesel production axed
The diesel version of the Toyota RAV4 has become the latest victim of the brand’s commitment to remove oil-burning models from its line-up. As part of its pledge to focus on petrol and electrified powertrains, Toyota has taken the sole 2.0-litre diesel variant of the RAV4 out of production. A brand spokesman told Autocar that “there will… Continue reading Toyota RAV4 diesel production axed
Electric vehicle startup SF Motors takes over Indiana plant
The company says it will spend $160 million to buy, renovate and retool the factory, which will serve as the company’s main US manufacturing plant. It plans to employ up to 467 workers. MISHAWAKA, Ind.: An electric vehicle startup announced Wednesday that it is retooling an Indiana factory and hopes to conduct trial runs for… Continue reading Electric vehicle startup SF Motors takes over Indiana plant
Chinese EV startup SF Motors takes over Indiana plant
The Associated Press Published 3:51 p.m. ET May 30, 2018 | Updated 3:55 p.m. ET May 30, 2018 SF Motors SF5 crossover vehicle. (Photo: SF Motors) Mishawaka, Ind. – An electric vehicle startup announced Wednesday that it is retooling an Indiana factory and hopes to conduct trial runs for two new lines of vehicles by… Continue reading Chinese EV startup SF Motors takes over Indiana plant
Prevent buys important foundry – and raises prices for VW apparently ten times
The automotive supplier Prevent is fighting with the VW group – now the Bosnian owners have apparently found a new lever. The employees of a Saarbrücken factory get caught between the fronts. Headquarters of Prevent Wednesday, 30.05.2018 08:05 clock The dispute between the automotive supplier Prevent and the car giant Volkswagen has been smoldering for… Continue reading Prevent buys important foundry – and raises prices for VW apparently ten times
Didi-Chuxing-Investment Taxify: Daimler joins Uber rivals
All articles and backgrounds 05/30/2018 Didi-Chuxing-Investment Taxify Daimler joins Uber rivals REUTERS Taxify: The company was founded in 2013 in Tallinn, Estonia The carmaker Daimler participates in the car broker Taxify. The Uber competitor from Estonia announced on Wednesday that it had closed a financing round worth 175 million dollars (more than 151 million euros).… Continue reading Didi-Chuxing-Investment Taxify: Daimler joins Uber rivals
Daimler leads $175 mln investment in Uber’s EMEA rival Taxify
LONDON, May 30 (Reuters) – Estonia’s Taxify is set to step up its fight against global rival Uber across Europe and Africa after raising $175 million in funding from a group led by German automaker Daimler. Daimler, already a majority owner or significant investor in a string of online taxi services across Europe and the… Continue reading Daimler leads $175 mln investment in Uber’s EMEA rival Taxify
Uber’s European rival Taxify raises $175M led by Daimler at a $1B valuation
There’s a new unicorn in the global ride-hailing space after Taxify, a startup born in Estonia that does battle with Uber across Europe and Africa, closed $175 million in new funding that takes it valuation to the $1 billion mark. Daimler, the German automotive giant which owns Mercedes-Benz among other things, led the round. The investment… Continue reading Uber’s European rival Taxify raises $175M led by Daimler at a $1B valuation
UPDATE 1-Daimler leads $175 mln investment in Uber’s EMEA rival Taxify
LONDON (Reuters) – Estonia’s Taxify is set to step up its fight against global rival Uber [UBER.UL] across Europe and Africa after raising $175 million in funding from a group led by German automaker Daimler (DAIGn.DE). FILE PHOTO: The Taxify logo is pictured on a taxi cab in Riga, Estonia January 15, 2015. REUTERS/Ints Kalnins/File… Continue reading UPDATE 1-Daimler leads $175 mln investment in Uber’s EMEA rival Taxify