(Bloomberg) — Faurecia SE is exploring the sale of some non-core assets after completing its purchase of German automotive supplier Hella GmbH, according to people familiar with the matter. Most Read from Bloomberg The French auto parts group is working with advisers as it weighs selling its emissions-control unit and Hella’s special applications division, the… Continue reading Faurecia Exploring Asset Sales After Hella Deal Completion
Tag: Mobility
Kenya’s MotiSure rides on micro-payments to drive personal mobility insurance growth
Affordability is one of the biggest impediments for insurance penetration in Kenya. Often, policy holders are required to make one-off payments for long-term covers, and the quoted sums are usually beyond the reach of most people. It is this gap that Kenyan insurtech MotiSure is working to seal. The startup, which targets motorcycle taxi (boda… Continue reading Kenya’s MotiSure rides on micro-payments to drive personal mobility insurance growth
Key role for simulation in manufacturing of electric motors
With a global shift taking place towards electric-powered mobility, the need of the hour is an agile approach in the R&D of electric motors. This is where simulation comes to play. This was the essence of a comprehensive presentation hosted by Autocar Professional in partnership with COMSOL, where Dr Rahul Bhat, Senior Applications Engineer, explained the use of Multiphysics Simulation which reduces… Continue reading Key role for simulation in manufacturing of electric motors
What Didi’s ‘train wreck’ delisting means for US-listed Chinese companies
Just 11-months after making a splash in a $4.4 billion IPO, Didi shareholders made official Monday what has long been considered inevitable and approved a plan to delist its shares from the New York Stock Exchange. With formal paperwork now set to be filed with the Securities and Exchange Committee on June 2nd, Didi becomes… Continue reading What Didi’s ‘train wreck’ delisting means for US-listed Chinese companies
Gates Expands and Upgrades Innovative Carbon Drive™ Product Line to Deliver Leading-Edge Belt-Drive Technology for Next-Generation Bikes and E-Bikes
“Chain-to-Belt” movement accelerates with global growth in personal mobility and electrification of bicycle drivetrains DENVER , May 25, 2022 /PRNewswire/ — Gates Industrial Corporation plc (NYSE: GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions – and a pioneer in belt-driven micromobility – continues to invest in and has expanded its… Continue reading Gates Expands and Upgrades Innovative Carbon Drive™ Product Line to Deliver Leading-Edge Belt-Drive Technology for Next-Generation Bikes and E-Bikes
Compact E-Scooter Market to reach US$ 806.3 by 2032 – Comprehensive Research Report by FMI
Compact E-Scooter Market Report 2022 – Price is becoming an important factor in the purchasing decisions of many people, as the economy presents challenges to the average consumer. This has resulted in many people looking for ways to save money, and one popular way is to purchase a compact e-scooter. NEWARK, Del., May 25, 2022… Continue reading Compact E-Scooter Market to reach US$ 806.3 by 2032 – Comprehensive Research Report by FMI
Hankook Tire Unveils Asia’s Largest Proving Ground, Hankook Technoring
Hankook Tire held an inaugural ceremony at Hankook Technoring on May 25, inviting media and partners to attend where the company presented Hankook’s mid-and-long-term innovation strategy and commitment to Hankook Technoring for sustainable growth. Executives present at the ceremony included: Hyunbum Cho, Chairman and CEO of Hankook & Company; Sooil Lee, President and CEO of… Continue reading Hankook Tire Unveils Asia’s Largest Proving Ground, Hankook Technoring
@Hyundai: Kia Communities in Motion announces the 2022 recipients of funding to nine charities and non-profits driving movement and innovation in their communities
Kia Communities in Motion provides charities the time, space and funding to find inspiration to continue moving their communities forward. Program will see $1.4M dollars support local projects across the country over four years. TORONTO, May 25, 2022 (GLOBE NEWSWIRE) — Today, Kia Communities in Motion announces nine charities and non-profits across the country that… Continue reading @Hyundai: Kia Communities in Motion announces the 2022 recipients of funding to nine charities and non-profits driving movement and innovation in their communities
Car Subscription Platform FINN Raises $110M In Equity and $720M In Debt To Supercharge Its Growth in the U.S. and Europe
FINN also announced the opening of its U.S. headquarters in New York City. FINN is currently active in New Jersey, Pennsylvania, Massachusetts and Connecticut and will offer its car subscriptions in California and Florida later this year. The car subscription company is now valued at more than $500M. This financing comes on the heels of… Continue reading Car Subscription Platform FINN Raises $110M In Equity and $720M In Debt To Supercharge Its Growth in the U.S. and Europe
LHP Engineering Solutions Partners with Juncos Hollinger Racing
INDIANAPOLIS, May 25, 2022 /PRNewswire/ — Juncos Hollinger Racing (JHR) is pleased to announce their partnership with LHP Engineering Solutions for the 106th running of the Indianapolis 500, Chevrolet Detroit Grand Prix, and the Gallagher Grand Prix. LHP Engineering Solutions will be on board the No. 77 JHR Chevrolet driven by NTT INDYCAR SERIES rookie Callum… Continue reading LHP Engineering Solutions Partners with Juncos Hollinger Racing