Lyft Buys Company Behind Citi Bike, Joining Bike-Rental Business

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Opel drives clearly behind the competition

Opel has clearly lost ground on the German car market in the first half of the year. At the same time, more cars have been registered under the line than a year ago, as figures from the Kraftfahrt-Bundesamt show. For example, market leaders VW and competitor Ford have significantly increased their sales. After all, Opel… Continue reading Opel drives clearly behind the competition

Lyft raises $600m in new funding at $15.1bn valuation

Lyft raises $600m in new funding at $15.1bn valuation  Financial Times Lyft gets $600M richer with new funding  CNET Lyft is now worth $15.1 billion  CNBC Lyft’s Valuation Doubles to $15.1 Billion Over One Year in Battle With Uber  Wall Street Journal Full coverage Go to Source Go to Source

VINFAST AND GENERAL MOTORS SIGN LANDMARK STRATEGIC PARTNERSHIP AGREEMENT IN VIETNAM TO DRIVE FUTURE GROWTH

VINFAST AND GENERAL MOTORS SIGN LANDMARK STRATEGIC PARTNERSHIP AGREEMENT IN VIETNAM TO DRIVE FUTURE GROWTH 06/28/2018 02:24 HANOI, VIETNAM: General Motors (GM) and VinFast – a subsidiary of leading Vietnamese corporation, Vingroup – today announced a landmark strategic partnership agreement which will drive long-term growth and expansion for GM’s Chevrolet brand and VinFast in Vietnam.… Continue reading VINFAST AND GENERAL MOTORS SIGN LANDMARK STRATEGIC PARTNERSHIP AGREEMENT IN VIETNAM TO DRIVE FUTURE GROWTH

Scratches in the glitter paint

Corporations like BMW or VW use mica to make their cars shine. The mineral often comes from dubious sources. The air sparkles at the entrance to the mine. Microscopic microparticles floating weightlessly. They reflect the sun, which here in the East Indian Tisri for temperatures of more than 40 degrees. 15 meters below, in almost… Continue reading Scratches in the glitter paint

Ford Unit Teams With Startup Developing ‘Waze’ for Self-Driving Cars

LISTEN TO ARTICLE SHARE THIS ARTICLE A slew of companies have sprung up to make the smarts, sensors and other integral systems for self-driving cars. Here comes one to tell these cars where to go.  Startup RideOS said Friday that it has raised $9 million led by venture firm Sequoia Capital and reached a partnership with a division… Continue reading Ford Unit Teams With Startup Developing ‘Waze’ for Self-Driving Cars

Carmakers’ June sales rise 9.9 pct as demand recovers

SEOUL, July 2 (Yonhap) — The combined sales of South Korea’s five carmakers rose 9.9 percent last month from a year earlier due to increased demand from major markets, corporate data showed Monday. The five automakers — Hyundai Motor Co., Kia Motors Corp., GM Korea Co., Renault Samsung Motors Corp. and SsangYong Motor Co. —… Continue reading Carmakers’ June sales rise 9.9 pct as demand recovers

Hyundai Warns U.S. Auto Tariff Would Be ‘Devastating’

LISTEN TO ARTICLE SHARE THIS ARTICLE Hyundai Motor Co. joined a chorus of rebuke from global automakers against possible import tariffs by the Trump administration, warning the duties would be “devastating” to the Korean automaker and its U.S. operations. The tariffs “would not only harm Hyundai Motor’s U.S. business operations and the American workers and… Continue reading Hyundai Warns U.S. Auto Tariff Would Be ‘Devastating’