India finds an interesting mention in Yamaha Motor Co’s medium-term management plan (2022-24) presented in Japan on February 10. “In the area of mobility services, we will establish new companies in India and Nigeria and expand our asset management business through collaborations with local partners.” The significance of this statement is still not clear though… Continue reading Yamaha sharpens India focus for mobility services
Tag: Mobility
EXCLUSIVE Uber revamps driver pay algorithm in large U.S. pilot to attract drivers, article with image
The Uber Hub is seen in Redondo Beach, California, U.S., March 25, 2019. REUTERS/Lucy Nicholson/File Photo Register now for FREE unlimited access to Reuters.com Register Feb 25 (Reuters) – Uber Technologies Inc (UBER.N) is testing a new driver earnings algorithm in 24 U.S. cities that allows drivers to see pay and destinations before accepting a… Continue reading EXCLUSIVE Uber revamps driver pay algorithm in large U.S. pilot to attract drivers, article with image
@GM: Building on Commitment to Equitable Climate Action, General Motors Announces Doubling of its Climate Equity Fund
Building on Commitment to Equitable Climate Action, General Motors Announces Doubling of its Climate Equity Fund 2022-02-14 GM commits an additional $25 million to equitable climate action through its Climate Equity Fund Additional investment reinforces the urgency of ensuring an equitable and just transition to an all-electric future GM’s Climate Equity Fund has supported 21… Continue reading @GM: Building on Commitment to Equitable Climate Action, General Motors Announces Doubling of its Climate Equity Fund
@Groupe PSA: PR New appointments in Faurecia’s Executive Committee003330
Texte Faurecia today announced the following appointments within its Executive Committee: Effective July 1st, 2022, Olivier Durand is appointed Executive Vice-President, Group Chief Financial Officer. He will succeed Michel Favre who is appointed HELLA Chief Executive Officer by the Shareholder Committee of HELLA, as of July 1st, 2022. Olivier Durand will continue to supervise the… Continue reading @Groupe PSA: PR New appointments in Faurecia’s Executive Committee003330
Driverless truck startup TuSimple settles U.S. security probe
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Valeo launches its Move Up plan, a value creation strategy built on the sustainable mobility megatrends
Outperformance for original equipment sales of more than 5 percentage points per year on average over the 2021-2025 period EBITDA margin of around 14.5% by 2025 Free cash flow generation of between 800 million and one billion euros in 2025 Divestiture of 500 million euros’ worth of non-strategic assets over the term of the plan Optimized… Continue reading Valeo launches its Move Up plan, a value creation strategy built on the sustainable mobility megatrends
Singapore-based micromobility startup Beam secures $93M Series B, enters new markets
Beam, a Singaporean shared micromobility operator, announced today that it has raised $93 million in a Series B round to accelerate growth into new countries in Asia. The fresh capital, which brings its total funding raised to $135 million, was led by Affirma Capital, with participation from Sequoia Capital India, Hana Ventures, ICT Capital, EDB… Continue reading Singapore-based micromobility startup Beam secures $93M Series B, enters new markets
Rivian ‘making progress’ on production ramp-up, sets market share goal
Rivian shares closed up 10.7%. By Ben Klayman DETROIT: Rivian Automotive is “making progress” in the increase of production of electric vehicles at its Normal, Illinois, assembly plant and is aiming to take 10% share in the EV market by 2030, Chief Executive R.J. Scaringe said on Thursday. “We’re absolutely making progress,” he said during… Continue reading Rivian ‘making progress’ on production ramp-up, sets market share goal
Automated driving: acquisition gives boost to Bosch engineering work on SAE Level 4 solutions
Mobility Solutions is the largest Bosch Group business sector. According to preliminary figures, it generated sales of 45.4 billion euros in 2021, and thus contributed 58 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… Continue reading Automated driving: acquisition gives boost to Bosch engineering work on SAE Level 4 solutions
Ford CEO calls out NIO and Tesla as the competition ‘it must beat,’ denies rumors of splitting ICE and EVs into separate businesses
Ford’s Chief Executive Officer, Jim Farley, recently spoke during a virtual auto tech conference held by Wolfe Research, in which he spoke about Ford’s plans for the future. During the webcast, the Ford CEO specifically named Tesla and NIO as its biggest competitors, vowing to beat them. He also denied previously reported rumors about Ford’s… Continue reading Ford CEO calls out NIO and Tesla as the competition ‘it must beat,’ denies rumors of splitting ICE and EVs into separate businesses