The Volkswagen Group has moved a step closer towards acquiring French vehicle rental firm Europcar after financial regulators in France approved its takeover offer. The German automotive giant partnered with UK-based asset manager Attestor Limited and Dutch automotive conglomerate Pon Holdings in July to place a €2.9 billion (£2.4bn) offer, at 50 cents per share. “The consortium… Continue reading Volkswagen Group moves step closer to acquiring Europcar
Tag: Mobility
Uber to shutter most of its service in Belgium tomorrow after court ruling
Uber will halt its ride-hailing service in most of Belgium tomorrow following a court ruling Wednesday that extends a 2015 order banning its p2p UberPop service to also cover professional drivers providing its ride-hailing service. Uber told us that it is studying the detail of the ruling to decide whether to appeal the decision with… Continue reading Uber to shutter most of its service in Belgium tomorrow after court ruling
German Handelsblatt: Auto industry: VW gets top developers from Apple and BMW003367 for battery division
Battery for the VW ID.3 VW is recruiting the best minds of the competition for the future development of battery systems. (Photo: dpa) Wolfsburg / Cupertino For the billion-dollar expansion of its battery business, the Volkswagen Group has poached other executives from rivals in the tech and automotive industries. Among other things, the head of… Continue reading German Handelsblatt: Auto industry: VW gets top developers from Apple and BMW003367 for battery division
Baidu, Pony.ai get nod to launch paid, driverless robotaxi services in Beijing …
Chinese tech group Baidu Inc and self-driving startup Pony.ai have won approval to launch paid driverless robotaxi services that will see the firms deploy not more than 100 vehicles in an area in China’s capital Beijing. The state-backed Beijing Daily newspaper reported on the approvals on Thursday, citing a ceremony held by the Beijing Economic and… Continue reading Baidu, Pony.ai get nod to launch paid, driverless robotaxi services in Beijing …
Indian EV startup Simple Energy looks to boost capacity after $21m funding
The round saw participation from current investors and board members, Manish Bharti of UiPath; and Raghunath Subramanian, non-executive chairman, UiPath India, respectively. New investors such as Sattva Group, Athiyas Group along with several high net-worth individuals (HNIs) also invested as a part of the round. According to the company, the funds raised will be used… Continue reading Indian EV startup Simple Energy looks to boost capacity after $21m funding
German Handelsblatt: EQE SUS in preparation: Mercedes strengthens business in China – fully electric giant sedan planned from 2024003362
Mercedes EQE Mercedes boss Ola Källenius is planning a new offshoot of the EQE in China: A SUS – a hybrid of SUV and sedan. (Photo: Reuters) Munich There aren’t many things that make Mercedes managers jealously squint at BMW. One of these few cases is of course the fact that the eternal rival from… Continue reading German Handelsblatt: EQE SUS in preparation: Mercedes strengthens business in China – fully electric giant sedan planned from 2024003362
Robotaxis: China seeks fare advantage over the US
For ride-hailing groups, autonomous cabs represent a silver bullet Go to Source
LG Wins AutoSens 2020 Vision Award for Collaboration With Mercedes-Benz
November 25, 2021 LG Wins AutoSens 2020 Vision Award for Collaboration With Mercedes-Benz Open share list Share this content. LG Continues to Push the Limits of Future Mobility with Advanced ADAS Technology SEOUL, Nov. 25, 2021 — LG Electronics (LG) and Mercedes-Benz AG were named joint winners this week at the annual AutoSens Awards, a… Continue reading LG Wins AutoSens 2020 Vision Award for Collaboration With Mercedes-Benz
@GM: Buick Reimagines Future Mobility with World Premiere of Smart Pod and GL8 Flagship Concept Vehicles
Buick Reimagines Future Mobility with World Premiere of Smart Pod and GL8 Flagship Concept Vehicles 2021-11-19 SHANGHAI – Buick today showcased its innovation with the global introduction of two forward-looking concept vehicles – the Smart Pod and GL8 Flagship – at Auto Guangzhou 2021, this year’s leading automotive industry event in southern China. Created… Continue reading @GM: Buick Reimagines Future Mobility with World Premiere of Smart Pod and GL8 Flagship Concept Vehicles
@VW Group: More than 5,000 new fast charging points by 2025: Massive expansion by IONITY strengthens Audi’s charging offering004249
A well-developed charging infrastructure forms the very backbone of electrified mobility. That is why IONITY is investing around 700 million euros to install more than 5,000 additional fast-charging points by 2025. As such, the joint venture – in which Volkswagen, with its Porsche and Audi brands, has a stake – is creating more than 1,000… Continue reading @VW Group: More than 5,000 new fast charging points by 2025: Massive expansion by IONITY strengthens Audi’s charging offering004249