Tag: Morgan

PSA-Fiat Chrysler: a belly dance that lasted for months

Code names: “Stella” for PSA, “Paris” for Fiat Chrysler. The Announcements announced Thursday In the early morning, there was serious backstage since the beginning of October. It was at this point that the two groups, who had been looking around for months – if not years – foresaw that the possibility of a “deal” was… Continue reading PSA-Fiat Chrysler: a belly dance that lasted for months

Waymo Finally Ramping Up Fully Driverless Operations in Phoenix Area – Phoenix New Times

Waymo has begun to make its fully driverless vehicles more visible on metro Phoenix streets, but continues to release little information to the public about its state-authorized experiment. The company’s chief executive officer, John Krafcik, confirmed at a dinner with journalists in Detroit on October 27 that Waymo would expand “rider-only” services for an exclusive group… Continue reading Waymo Finally Ramping Up Fully Driverless Operations in Phoenix Area – Phoenix New Times

Jean-Dominique Senard at the Douai plant

On a visit to the Renault plant at Douai, in northern France, Jean-Dominique Senard, Groupe Renault Chairman of the board, shared his optimism about the plant’s transformation, in particular as regards the plans for the production of electric models. by Thomas AUDEBERT On 17 October, with the Hauts-de-France bathed in sunshine, Jean-Dominique Senard paid a… Continue reading Jean-Dominique Senard at the Douai plant

Alphabet exec blames media for overhyping self-driving cars, even though Google drove the hype – CNBC

Ari Levy | CNBC Waymo executives think people have taken its promises of self-driving cars too seriously. The Alphabet subsidiary “went through a lot of hype that was sort of unmanageable,” said Tekedra N. Mawakana, Waymo’s chief external officer, at a Business Insider conference Tuesday. “Sometimes a lot of hype is so mismatched to what’s happening… Continue reading Alphabet exec blames media for overhyping self-driving cars, even though Google drove the hype – CNBC

Press: ZF places Eurobonds with a total volume of €2.7 billion

Transaction marks second step in refinancing of the planned Wabco acquisition Successful completion of acquisition financing High investor interest leads to multiple oversubscriptions Friedrichshafen, Germany. ZF Friedrichshafen AG (ZF) has successfully placed Eurobonds with a total volume of €2.7 billion on the capital market. The bonds, which were issued in four tranches with maturities between… Continue reading Press: ZF places Eurobonds with a total volume of €2.7 billion

GM strike hovers over sluggish year for Canadian auto production – Financial Post

It’s shaping up to be a slow year for Canada’s automotive sector, thanks to sluggish sales in the first three quarters combined with an expected decline in major manufacturing investments and a potential production dip from the prolonged General Motors Co. strike in the United States. While the strike by 49,000 United Auto Workers, now… Continue reading GM strike hovers over sluggish year for Canadian auto production – Financial Post

Driverless cars are stuck in a jam – The Economist

FEW IDEAS have enthused technologists as much as the self-driving car. Advances in machine learning, a subfield of artificial intelligence (AI), would enable cars to teach themselves to drive by drawing on reams of data from the real world. The more they drove, the more data they would collect, and the better they would become.… Continue reading Driverless cars are stuck in a jam – The Economist

Berlin-based e-scooter startup TIER Mobility raises €55 million Series B funding round

Berlin-based provider of micro-mobility solutionsTIER Mobility, which specialises in e-scooters, is part of an ongoing transformation of transportation, relieving cities from emissions and congestion.

Founded in October 2018, Tier currently operates in over 40 cities across 12 markets worldwide, and has now raised €55 million in a Series B funding round led by Mubadala Capital and Goodwater Capital.

The company also welcomes AXA Germany and Evli Growth Partners as new investors, in addition to further participation from all existing investors, including White Star Capital, Northzone, Speedinvest, Point9, Indico, Kibo Ventures, Market One Capital and selected business angels like Nico Rosberg.

TIER Mobility will use proceeds to accelerate its European expansion strategy and continue to build the leading micro-mobility platform for citizens, city authorities and public transportation partners.

Since its funding round in February 2019, TIER Mobility has expanded operations to over 40 ..

STRIVE, ITOCHU invest in Japanese flying car developer SkyDrive’s $14m round

Japanese flying car developer SkyDrive has secured $14 million in a fresh funding round, which will finance the startup to carry out flight tests with humans on board. Tokyo-based venture capital firm STRIVE III Limited Liability Partnership and ITOCHU Technology Ventures, the venture capital arm of Japanese ITOCHU Corporation, poured money into the new round.… Continue reading STRIVE, ITOCHU invest in Japanese flying car developer SkyDrive’s $14m round