Uber rival Bolt has closed another tranche of funding at a $1B+ valuation

Uber and Lyft going public may have put closer public scrutiny on the economics of ridesharing, but it hasn’t had a chilling effect on the level of competition in the space. In the latest development, TechCrunch has learned and confirmed that Bolt, the Estonian ride-sharing, scooter and food delivery company that operates across Europe —… Continue reading Uber rival Bolt has closed another tranche of funding at a $1B+ valuation

Exclusive: U.S. clears SoftBank’s $2.25 billion investment in GM-backed Cruise

(Reuters) – Cruise, a U.S. self-driving vehicle company majority-owned by General Motors Co, told Reuters on Friday that a U.S. national security panel approved a $2.25 billion investment in the firm by Japan’s SoftBank Corp. FILE PHOTO: People walk near the logo of SoftBank Corp in Tokyo, Dec. 18, 2014. REUTERS/Toru Hanai/File Photo SoftBank has… Continue reading Exclusive: U.S. clears SoftBank’s $2.25 billion investment in GM-backed Cruise

UPDATE 1-Jaguar Land Rover to build electric cars at UK plant

LONDON (Reuters) – Jaguar Land Rover (TAMO.NS) is making a multi-million pound investment to build electric vehicles in Britain, in a major boost for the UK government and a sector hit by the slump in diesel sales and Brexit uncertainty. FILE PHOTO – A car hangs on the wall of Jaguar’s Castle Bromwich manufacturing facility… Continue reading UPDATE 1-Jaguar Land Rover to build electric cars at UK plant

American Honda anuncia los resultados de las ventas en junio

Con otro mes de ventas de casi 30,000 unidades, el Civic mantuvo su control en el segmento de vehículos compactos, incluso con la llegada al mercado de competidores nuevos o remozados. Los camiones y vehículos electrificados Honda también mostraron ventas sólidas en junio. El CR-V y el Civic continuaron encabezando las ventas de Honda, con… Continue reading American Honda anuncia los resultados de las ventas en junio

HONDA E: THE PERFECT BALANCE OF EFFICIENCY AND PERFORMANCE FOR URBAN COMMUTING

Honda e sets new standard for zero emissions urban motoring High-power, high-torque motor delivers a fun and effortless driving experience Rear-wheel-drive platform and advanced Honda electric vehicle technology assures exceptional driving characteristics Reservations for priority ordering are now open in select markets The new Honda e has been engineered to deliver an exceptional driving experience… Continue reading HONDA E: THE PERFECT BALANCE OF EFFICIENCY AND PERFORMANCE FOR URBAN COMMUTING

Honda issues recall for 1.6M vehicles in US

Roughly 1.6 million vehicles were recalled by Honda on Friday relating to Takata replacement front air bag inflators.Honda is offering free replacements for inflators that don’t have “a moisture absorbing desiccant” in Honda and Acura vehicles in the U.S..The affected parts were either used as replacements during past Takata recall work “or were part of whole airbag modules replaced for other reasons prior to February 2017”.

MONET forms capital and business partnerships with Isuzu, Suzuki, Subaru, Daihatsu and Mazda

MONET Technologies Inc.Isuzu Motors LimitedSuzuki Motor CorporationSubaru CorporationDaihatsu Motor Co., Ltd.Mazda Motor CorporationHino Motors, Ltd.Honda Motor Co., Ltd. MONET Technologies Inc. (“MONET”) today announced that it concluded capital and business partnership agreements with Isuzu Motors Limited (“Isuzu”), Suzuki Motor Corporation (“Suzuki”), Subaru Corporation (“Subaru”), Daihatsu Motor Co., Ltd. (“Daihatsu”) and Mazda Motor Corporation (“Mazda”), respectively.… Continue reading MONET forms capital and business partnerships with Isuzu, Suzuki, Subaru, Daihatsu and Mazda

Five automakers back Toyota’s and Softbank’s self-driving business

Sponsored Links Engadget Tech companies and automakers have been setting differences aside and merging forces in hopes of getting themselves a piece of the self-driving pie as early as possible. Late last year, Toyota and Softbank teamed up to establish a joint venture called Monet. Now, their partnership is getting a boost from five new… Continue reading Five automakers back Toyota’s and Softbank’s self-driving business

Five Japanese automakers to invest 2% each in SoftBank-Toyota self-driving car venture

Five Japanese automakers including Suzuki Motor Corp and Mazda Motor Corp on Friday said they would each invest 2% in the on-demand, self-driving car service venture set up by SoftBank Corp and Toyota Motor Corp. Suzuki, Mazda, Subaru Corp, Isuzu Motors Ltd and Toyota‘s compact car unit Daihatsu will each invest 57.1 million yen ($530,620) in the venture – dubbed Monet – in return for a… Continue reading Five Japanese automakers to invest 2% each in SoftBank-Toyota self-driving car venture