A black-cab driver waves a Union Jack flag whilst standing on a taxi on London Bridge, during a protest against TfL and Uber. Kirsty O’Connor – PA Images / Getty Images Uber fell as much as 2% on Friday after the UK Supreme Court ruled that its drivers are employees rather than contractors. The ruling… Continue reading Uber drops 2% after the UK Supreme Court rules that its drivers are employees, not contractors (UBER)
Tag: Mobility
@Renault: GROUPE RENAULT : 2020 FINANCIAL RESULTS000174
PRESS RELEASE #RenaultResults2020 FINANCIAL RESULTS: A year of contrastsThe strong improvement in operating profitability in the second half shows the first positive impacts of the actions taken in the context of a year heavily impacted by Covid-19.The results for the second half of 2020 (Group operating margin at 3.5% and positive Automotive operational free cash… Continue reading @Renault: GROUPE RENAULT : 2020 FINANCIAL RESULTS000174
Bosch teams up with Microsoft to develop software-defined vehicle platform for seamless integration between cars and cloud
Mobility Solutions is the largest Bosch Group business sector. It generated sales of 46.8 billion euros in 2019, and thus contributed 60 percent of total sales from operations. This makes the Bosch Group one of the leading automotive suppliers. The Mobility Solutions business sector pursues a vision of mobility that is safe, sustainable, and exciting,… Continue reading Bosch teams up with Microsoft to develop software-defined vehicle platform for seamless integration between cars and cloud
@BMW: Designworks, A BMW Group Company, Collaborates with Sea Ray to Develop New Design Language.000909
Newbury Park, CA – February 18, 2021… Designworks, a BMW Group company, announced today a collaboration with leading pleasure boat manufacturer, Sea Ray, to develop a new sleek, sophisticated design language for the brand. The first new, redesigned model – the all-new Sundancer 370 Outboard – will be uveiled during a live Facebook event today… Continue reading @BMW: Designworks, A BMW Group Company, Collaborates with Sea Ray to Develop New Design Language.000909
Bamboo, Grupo Antolin’s sustainable option to dress the car, now with EPD certificate
Grupo Antolin has improved the sustainability of eBú, its natural bamboo fabric, as part of its commitment to develop more sustainable and environmentally friendly components within its innovation strategy. The fabric has obtained the EPD ecolabel (Environmental Product Declaration). As the new EPD ecolabel certifies, the eBú is the first and only bamboo fibre fabric… Continue reading Bamboo, Grupo Antolin’s sustainable option to dress the car, now with EPD certificate
Visteon Announces 2020 Financial Results and 2021 Outlook
$787 million Q4 net sales; 5% Y/Y increase excluding currencyNet income of $18 million in Q4 or $0.64 per diluted shareAdjusted net income of $30 million in Q4 or $1.06 per diluted shareAdjusted EBITDA of $75 million, 9.5% of sales in Q4$1.4 billion in Q4 new business wins, including a battery management system award$151 million… Continue reading Visteon Announces 2020 Financial Results and 2021 Outlook
Carlyle invests $200m in South Korea’s Kakao Mobility at $3.1b valuation
Carlyle Group Inc agreed to invest $200 million in South Korea’s Kakao Mobility, valuing the firm at 3.42 trillion won ($3.09 billion), Kakao Mobility said on Thursday. Kakao Mobility is the transportation unit of Kakao Corp, operator of the country’s most popular chat app, spun-off in 2017. Its app, Kakao T, has 28 million registered… Continue reading Carlyle invests $200m in South Korea’s Kakao Mobility at $3.1b valuation
Indian EV logistics platform eBikeGo raises $1.5m pre-series A funding
Sukhbir Singh (Bollywood Singer), Dr. Brahmanand Mohanty (Professor at Asian Institute of Technology), Alparslan Kutukcuoglu (Chairman of the board at Mungo Befestigungstechnik AG), Vijay Sivaram (CEO at Quess Corp Limited), Sameer Bulchandani (MD at Avdel India) and Sumant Singhal (CEO at Chiripal Poly Films), amongst others, participated in this round. The startup had raised $700,000… Continue reading Indian EV logistics platform eBikeGo raises $1.5m pre-series A funding
Toyota West Virginia Announces $210 Million New Investment and 100 New Jobs
“Today’s announcement represents Toyota’s continued commitment to our customers as well as our community,” said TMMWV President Srini Matam. “We are thrilled to expand our Toyota family and continue our long-standing commitment to provide top-quality engines and transmissions for our customers.” The $210 million investment will upgrade TMMWV’s current six-cylinder engine production line with new… Continue reading Toyota West Virginia Announces $210 Million New Investment and 100 New Jobs
Indian mobility startup Vogo snags funding from Kalaari, Matrix, others
Two-wheeler shared mobility startup Vogo has raised $11.5 million as an extension of its Series C round from existing investors Lightrock, Kalaari Capital, Matrix Partners and Stellaris Venture Partners. The capital will be used to expand and electrify the fleet, to increase focus on achieving profitability by improving unit economics, asset utilisation and to optimise… Continue reading Indian mobility startup Vogo snags funding from Kalaari, Matrix, others