SAN FRANCISCO, Oct. 15, 2020 (GLOBE NEWSWIRE) — LM Industries, the parent company of Local Motors – the world’s first and only digital vehicle manufacturer – today announced a $15 million raise from Mirai Creation Fund II (managed by SPARX Group Co., Ltd, the Japanese asset management firm). This financing will help Local Motors deliver… Continue reading LM Industries Announces $15M Funding from SPARX Group to deliver Olli to customers and consumers
Tag: Mobility
German Handelsblatt: Mercedes manufacturer: Stack low, surprise positively: How Daimler suddenly scores with investors000558
Munich Daimler has always had a dubious reputation among investors. Some major shareholders even recommended that the carmaker simply no longer provide any forecast on business development in the future. Too often, the Dax group has given its investors hope in recent years with grandiose promises of returns and shocked them a little later with… Continue reading German Handelsblatt: Mercedes manufacturer: Stack low, surprise positively: How Daimler suddenly scores with investors000558
Renault lets go of the wheel of Marcel VTCs
Posted on Oct 16, 2020 at 12:06 PM Renault and Marcel, it’s over. The automaker confirmed Thursday, as revealed by “La Tribune”, that it sold the VTC platform at the end of September. acquired in summer 2017 through its subsidiary RCI Bank & Services. The company is taken over by Ascom, a holding company which… Continue reading Renault lets go of the wheel of Marcel VTCs
SG Digest: Ion Mobility grabs $3.3m seed; Kamet Capital backs Tramés
Singapore-based electric motorbike startup Ion Mobility has secured $3.3 million in a seed round while supply chain technology startup Tramés has raised funding led by multi-family office Kamet Capital Partners. Ion Mobility secures $3.3m seed round Singapore-based smart electric motorbike startup Ion Mobility has secured $3.3 million in a seed round to launch products across… Continue reading SG Digest: Ion Mobility grabs $3.3m seed; Kamet Capital backs Tramés
@Honda: Honda Announces Completion of the Tender Offer for Shares in Keihin, Showa and Nissin
TOKYO, Oct 16, 2020 – (JCN Newswire) – As announced in the press release issued on October 30, 2019, Hitachi, Ltd. (TSE: 6501, “Hitachi”), Honda Motor Co., Ltd. (TSE: 7267, “Honda”), Hitachi Automotive Systems, Ltd. (“Hitachi Automotive Systems”), Keihin Corporation (TSE: 7251, “Keihin”), Showa Corporation (TSE: 7274, “Showa”), and Nissin Kogyo Co., Ltd. (TSE: 7230,… Continue reading @Honda: Honda Announces Completion of the Tender Offer for Shares in Keihin, Showa and Nissin
GAC MOTOR Launches All-New Luxury Flagship GA8 in the Kingdom of Saudi Arabia
This global live press conference on YouTube was co-hosted by Ahmad Albader, a well-known Saudi presenter, and Rana Jobran, a TV and radio host. Combining product videos, real-time online audience interaction and other activities. As the new flagship car of GAC MOTOR, the all-new GA8 embodies the result of 12 years of inventiveness and intelligence… Continue reading GAC MOTOR Launches All-New Luxury Flagship GA8 in the Kingdom of Saudi Arabia
GWM Announces First Launch Markets and More Safety Features for the New POER Pickup
The new POER pickup will boast additional intelligent safety features. Positioned as a new generation intelligent and safety pickup for consumers around the world, POER’s main competitive advantage lies in the integration and adoption of more intelligent safety technology. By providing users with more intelligent driving experience, GWM seeks to make the POER a new… Continue reading GWM Announces First Launch Markets and More Safety Features for the New POER Pickup
Geotab Unveils Geotab Keyless, Paving Way for Fleet Vehicle Sharing
Geotab has established partnerships for Geotab Keyless with mobility technology companies Wunder Mobility, Ridecell, fleetster, Eccocar, and Moove Connected Mobility. Image courtesy of Geotab. Today global telematics provider Geotab unveiled Geotab Keyless, which integrates a secured digital key function with Geotab’s telematics data and fleet management platform. Announced at the company’s third annual Geotab Mobility Connect conference, the solution is designed to… Continue reading Geotab Unveils Geotab Keyless, Paving Way for Fleet Vehicle Sharing
Uber to invest over $150m in JV with SK Telecom’s mobility business
Uber Technologies said on Friday that it will invest over $150 million into a joint venture and partnership with South Korea’s SK Telecom Co Ltd, which is proposing to split off its mobility business. SK Telecom planned to split off its mobility business unit and launch T Map Mobility, while Uber would invest over $100… Continue reading Uber to invest over $150m in JV with SK Telecom’s mobility business
@Daimler: Preliminary results for the third quarter 2020 above market expectations
Stuttgart (Germany) – Daimler has seen a faster than expected market recovery and a particularly strong September performance. This, combined with diligent cost discipline, extensive cash preservation measures and further efficiency enhancements means that Industrial Free Cash Flow, Daimler Group EBIT adjusted, Mercedes-Benz Cars & Vans EBIT adjusted, Daimler Trucks & Buses EBIT adjusted and… Continue reading @Daimler: Preliminary results for the third quarter 2020 above market expectations