With global ambitions, VC firm Maniv Mobility raises $100 million from automakers, suppliers

What started as an accident has turning into a venture firm with a global reach and backing from a some of the biggest corporations in the automotive and transportation industries. Maniv Mobility, the Israel-based venture capitalist firm, said Tuesday it has closed a new $100 million fund backed by 12 corporations, including the venture arms… Continue reading With global ambitions, VC firm Maniv Mobility raises $100 million from automakers, suppliers

Maniv Mobility Closes Second Venture Capital Fund, at $100M

Maniv Mobility, a Tel Aviv, Israel-based mobility venture capital firm, closed its second fund, at $100M. Limited partners include Alliance Ventures, the strategic venture capital arm of Renault-Nissan-Mitsubishi, Aptiv, BMW i Ventures, Hyundai Motor Group, Lear Corp, LG Electronics, Shell Ventures and Valeo, Deutsche Bahn Digital Ventures, the venture arm of the German rail and… Continue reading Maniv Mobility Closes Second Venture Capital Fund, at $100M

Israel’s Maniv Mobility raises $100 mln for second venture fund

Maniv said it would continue to invest in startups that focus on data and connectivity, digital and electric mobility platforms, autonomous and autonomous-enabling technologies. JERUSALEM: Israel’s Maniv Mobility said on Tuesday it closed its second venture fund with $100 million that includes commitments from 12 companies in the automotive and transportation sectors. Among the investors… Continue reading Israel’s Maniv Mobility raises $100 mln for second venture fund

Electric vehicle: choose (or not) a dedicated platform

Dedicated to electric or multi-energy? Pioneer of the battery car with its Nissan partner, Renault has long been the choice of a specific platform. The basic architecture of the Zoe, that is to say the chassis on which are added the elements of custom silhouette, is today used only for the small city battery. Conversely,… Continue reading Electric vehicle: choose (or not) a dedicated platform

Avtovaz CEO says cost of components supplied by Autocomponent unchanged

TOLYATTI, July 6. /TASS/. The cost of components supplied by the Autocomponent for Avtovaz has not changed, Chief Executive Office of Russia’s top car producer Yves Karakatzanis told reporters on Saturday.
“No,” he said when asked a respective question.
CEO added that the company is ready to discuss new cooperation terms with the supplier if required.
Avtovaz resumed car production in Izhevsk and Tolyatti starting July 5, 2019 as deliveries of components were resumed by the Nizhny Novgorod-based Autocomponent, the company’s press service reported earlier. Avtovaz noted that “supplies were resumed without additional conditions.”
Earlier reports said that the car producer halted production at all assembling lines in Tolyatti and Izhevsk starting July 3 due to breach of contractual obligations to supply components by Autocomponent Group. Representatives of the group linked the suspension of supplies with the lack of agreement on components’ prices.
Avtovaz is the largest auto manufacturer..

Renault-Nissan unsure whether will publish cost-saving figures: sources

PARIS (Reuters) – Renault-Nissan has not decided whether to publish figures on cost savings and other synergies achieved by the alliance over the last year, as has been its custom, two sources close to Renault said, amid growing tension in the partnership. The logo of French car manufacturer Renault is seen at a dealership of… Continue reading Renault-Nissan unsure whether will publish cost-saving figures: sources

LADA XRAY Cross with new automatic transmission

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19.06.19
LADA XRAY Cross with new automatic transmission

LADA, demonstrating attention to the needs of potential customers and striving to provide maximum pleasure from driving, started producing LADA XRAY Cross with a new continuously variable type of automatic transmission.
Continuously variable transmission is specially designed for cars and crossovers of small class, and its settings were fine-tuned given operation features in Russia. Similar transmissions of the Jatco company have already proved the reliability and have been applied in a number of models of the Renault-Nissan-Mitsubishi Alliance already for some years.
The main feature of the unit is the additional use of two-step geared sector in the design. This solution allowed to make the transmission more compact and by 13% lighter. This solution increases traction performance, and moreover the transmission does not afraid of low temperatures, slipping and heavy loads, and, in addition, provides high fuel efficiency. If necessary, this type of transmission makes it possible to imitate manual gearshift mode, which facilitates overtaking, uphill movement, towing the trailer, engine braking, and also increases the acoustic comfort in the car.
The new transmission on the LADA XRAY Cross is installed with the Alliance HR-16 1.6 l engine, which is produced in Togliatti. It should be noted that the curb weight of the car and the record ground clearance (215 mm) have not changed. LADA XRAY Cross with continuously variable transmission passed a full cycle of tests, the total mileage of which was about a million kilometers.
All the details about the sales date, prices and trim levels of LADA XRAY Cross with automatic transmission will be announced later.
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Indonesian trucking startup Ritase raises $8.5m Series A led by Golden Gate

Indonesian trucking services platform Ritase has closed a Series A funding round of $8.5 million led by Golden Gate Ventures to propel its growth and expand into new markets. Other investors that participated in the round are Jafco Asia and ZWC Ventures, as well as existing backers including Insignia Ventures, Beenext and Skystar Capital, Ritase… Continue reading Indonesian trucking startup Ritase raises $8.5m Series A led by Golden Gate

Richmond acquires Skoda, Suzuki and Mitsubishi dealerships

Richmond Motor Group has acquired Skoda, Suzuki and Mitsubishi businesses near Southampton for an undisclosed sum. The group has bought Skoda, Suzuki and Mitsubishi in Fareham and a Skoda business in Botley from Sparshatts. The businesses will be rebranded as Richmond. A number of the Sparshatts directors have retained the company name and their non-franchised… Continue reading Richmond acquires Skoda, Suzuki and Mitsubishi dealerships