Autofleet, a Tel Aviv, Israel-based provider of AI-powered fleet optimization and vehicle-as-a-service solutions, raised $7.5m in Series A and seed financing. The Series A was led by MizMaa Ventures with participation from mobility-focused investors Maniv Mobility, Next Gear Ventures and Liil Ventures. The seed financing was led by Maniv Mobility. The company intends to use… Continue reading Autofleet Raises $7.5M in Series A Funding
Tag: Mobility
Toyota-backed Pony.ai to offer autonomous delivery service in California
BEIJING (Reuters) – Toyota-backed self driving company Pony.ai said on Friday it would provide an autonomous delivery service to residents of Irvine, California, as demand for online orders surges because of the coronavirus lockdown. FILE PHOTO: An autonomous vehicle of self-driving car startup Pony.ai is seen during a government-organised tour to the Guangdong-Hong Kong-Macao Greater… Continue reading Toyota-backed Pony.ai to offer autonomous delivery service in California
Uber: Uber Announces Date of First Quarter 2020 Results Conference Call, Withdrawal of Guidance, and Preliminary First Quarter Financial Items
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) will hold its quarterly conference call to discuss its financial results for the first quarter of 2020 on Thursday, May 7, 2020, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time). A live webcast of the conference call and earnings release materials can be found on Uber’s Investor… Continue reading Uber: Uber Announces Date of First Quarter 2020 Results Conference Call, Withdrawal of Guidance, and Preliminary First Quarter Financial Items
Press Releases – Corona crisis: Guidelines for re-launch of EU auto industry
Brussels, 16 April 2020 – As Europe is grappling with the health, social and economic impacts of COVID-19, the European Automobile Manufacturers’ Association (ACEA) has set out four guiding principles for a successful re-launch of the auto industry, which will be vital to the wider economic recovery of the continent. “It is in Europe’s interest… Continue reading Press Releases – Corona crisis: Guidelines for re-launch of EU auto industry
Kapten merges with parent company Free Now, starts restructuring plan
French ride-hailing company Chauffeur-Privé rebranded to Kapten just last year. At the time, the company had big expansion plans to compete with Uber in Europe across multiple markets. But Kapten is now going to merge with Free Now, another app from the same company — following this move, there will be a restructuring plan. Kapten… Continue reading Kapten merges with parent company Free Now, starts restructuring plan
Bharat Forge sees itself benefitting from supplier restructuring amid Covid crisis
The ongoing pandemic of Covid19, it seems, has come as an opportunity for Bharat Forge. Part of the $ 3 billion Kalyani Group, Bharat Forge envisages some strategic structural changes in the automotive supply chain in a post -Covid19 world, where OEMs, in order to mitigate uncertainties, will be looking forward to diversifying their component… Continue reading Bharat Forge sees itself benefitting from supplier restructuring amid Covid crisis
Daimler/BMW’s ‘FREE NOW’ service to restructure, integrate French app Kapten
FILE PHOTO: The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin, Germany, April 5, 2018. REUTERS/Hannibal Hanschke PARIS (Reuters) – The ‘FREE NOW’ taxi ride-hailing service run by Daimler and BMW announced on Thursday a corporate restructuring, which could lead to job cuts, and unveiled plans to merge with French app… Continue reading Daimler/BMW’s ‘FREE NOW’ service to restructure, integrate French app Kapten
@Toyota: Toyota Announces Adjustments to Domestic Production (as of April 15)
Toyota City, Japan, Apr 15, 2020 – (JCN Newswire) – Due to the effects of COVID-19 on the current market and the decline in demand of new vehicles globally, Toyota intends to make gradual adjustments in production operations at all plants for completed vehicles in Japan, starting from May 1. Specifically, we have decided to… Continue reading @Toyota: Toyota Announces Adjustments to Domestic Production (as of April 15)
@Toyota: Steadfast Confidence in Perilous Times
Amid Unprecedented Challenges, Ted Ogawa Assumes Role as Toyota Motor North America Chief When Ted Ogawa was announced as Toyota Motor North America’s (TMNA) new president and CEO earlier this year, he didn’t know he’d be stepping directly into an unprecedented crisis. But there was Ogawa on April 1 – his first day on the… Continue reading @Toyota: Steadfast Confidence in Perilous Times
First quarter 2020 results
Amsterdam, the Netherlands, 15 April 2020 7:00 AM CEST FINANCIAL SUMMARY FIRST QUARTER 2020 Group revenue decreased by 23% to €131 million (Q1 ’19: €170 million) Location Technology revenue of €91 million (Q1 ’19: €103 million) Automotive operational revenue decreased by 2% to €85 million (Q1 ’19: €87 million) Free cash flow is an inflow… Continue reading First quarter 2020 results