MUMBAI: Tata Motors, the flagship of the $100-billion Tata Group, has picked up 26% in freight aggregator TruckEasy, marking its first stake-purchase in a domestic startup. The transaction, for which the investment amount wasn’t disclosed, gives Tata Motors two seats on the board of the three-year-old, Bengaluru-based TruckEasy. Tata Motors’ bet on TruckEasy could boost… Continue reading In a 1st, Tata Motors picks up 26% in startup TruckEasy
Tag: Mobility
Analyst Gushes About Upside for General Motors Company (GM) Self-Driving Division
General Motors Company (NYSE:GM) is reportedly considering a spinoff for its self-driving business unit. According to one analyst, self-driving car company Cruise could be worth a staggering valuation. Business Insider has the scoop on GM’s potential goldmine. Cruise, the self-driving car company bought by General Motors in 2016, could be worth a whopping $43 billion, RBC… Continue reading Analyst Gushes About Upside for General Motors Company (GM) Self-Driving Division
Daimler races to keep up on driverless cars
Mercedes Benz owner Daimler and car supplier Bosch plan to launch a small fleet of driverless taxis in California in the second half of 2019. The move comes as the two firms race to catch up with competitors in the driverless technology industry. Daimler and Bosch have been working together on driverless technology since April… Continue reading Daimler races to keep up on driverless cars
Daimler, Bosch to deploy self-driving taxis in California test program
SAN FRANCISCO (Reuters) – German automaker Daimler AG and auto supplier Bosch Corp [ROBSCJ.UL] will deploy self-driving taxis in California’s Silicon Valley region next year as part of a test program of vehicles designed for city driving, the two companies said on Tuesday. FILE PHOTO: The Mercedes-Benz F015 Luxury in Motion autonomous concept car is… Continue reading Daimler, Bosch to deploy self-driving taxis in California test program
Toyota Launches Car Share Service in Honolulu Through Servco Pacific Inc.
HONOLULU (July 10, 2018) – A jaunt to the beach, a quick errand or the drive to work. These activities just became more manageable for residents of Honolulu and visitors alike with today’s launch of a creative new mobility solution called Hui – a round-trip, station-based car share service. Operated by Servco Pacific (Servco), Toyota’s… Continue reading Toyota Launches Car Share Service in Honolulu Through Servco Pacific Inc.
Bike-share schemes battle for Paris turf, but it’s not all free-wheeling
PARIS (Reuters) – Grabbing a bicycle from a docking station and riding the streets of Paris used to be one of the city’s many charms, but the once-loved Velib system has fallen into disarray and some new dockless bike-share schemes are struggling to survive. FILE PHOTO: An employee of Velib’ Metropole self-service public bike by… Continue reading Bike-share schemes battle for Paris turf, but it’s not all free-wheeling
UPDATE 3-Tesla goes big in China with Shanghai plant
SHANGHAI (Reuters) – Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk on Tuesday landed a deal with Chinese authorities to build a new auto plant in Shanghai, its first factory outside the United States, that would double the size of the electric car maker’s global manufacturing. Elon Musk and Shanghai Mayor Ying Yong shake hands.… Continue reading UPDATE 3-Tesla goes big in China with Shanghai plant
SpotHero introduces 500 autonomous car-ready garages in Chicago
Conventional cars drive the bulk of Chicago-based SpotHero‘s business, but the parking inventory and booking startup is setting its sights on a driverless future. Today, it announced that more than 500 of its connected parking garages in Chicago have been adapted to accommodate autonomous cars, trucks, and SUVs. “Significant strides in both vehicle and parking technologies… Continue reading SpotHero introduces 500 autonomous car-ready garages in Chicago
E-scooter start-up Lime raises £232m from Uber and Alphabet
Uber and Alphabet are investing in start-up Lime as competition in the bike and scooter hiring industry hots up. Lime raised $335m (£232m) in a round of funding led by GV, formerly Google Ventures. Other new investors include Google’s parent Alphabet, IVP, Atomico and Fidelity, the company said in a blog post. “In addition, Uber is… Continue reading E-scooter start-up Lime raises £232m from Uber and Alphabet
Stefan Sommer becomes purchasing director at Volkswagen
Tuesday, 07/10/2018 09:59 clock Volkswagen brings the former boss of the supplier ZF , Stefan Sommer, on his board to Wolfsburg. The manager becomes the new purchasing manager. Volkswagen announced that the Supervisory Board had appointed Sommer effective January 1, 2019 for the procurement department. Sommer follows the long-term purchasing director Francisco Javier Garcia Sanz,… Continue reading Stefan Sommer becomes purchasing director at Volkswagen