February 9, 2018 ComfortDelGro Corporation is expanding its footprint in the United Kingdom through the acquisition of a bus and coach operator in South Wales for £13.4 million ($18.7 million). Additionally, it has bought over an insurance joint venture it launched in 2003. The acquisition of New Adventure Travel (NAT) Group in the UK was conducted through… Continue reading Singapore: ComfortDelGro expands UK footprint, buys over insurance JV
Tag: Mobility
Toyota invests $69M in Japanese Uber rival backed by the taxi industry
This week isn’t turning out to be great one for Uber in Japan. Two of its investors — Didi and SoftBank — are teaming up to launch a rival service, while one of its existing competitors has just landed a big cash infusion and highly influential backer after Toyota backed JapanTaxi. The auto giant said it… Continue reading Toyota invests $69M in Japanese Uber rival backed by the taxi industry
THE FULLY AUTONOMOUS CAR UPDATE: How self-driving cars are poised to move into the mainstream and upend the automotive industry
This is a preview of a research report from BI Intelligence, Business Insider’s premium research service. To learn more about BI Intelligence, click here. The self-driving car is no longer a futuristic fantasy. Consumers can already buy vehicles that, within a few years time, will get software updates enabling them to hit the road without… Continue reading THE FULLY AUTONOMOUS CAR UPDATE: How self-driving cars are poised to move into the mainstream and upend the automotive industry
DENSO Taps Technical Expert Takuya Oikawa to Enhance Information and Communications Technology Business
KARIYA (Japan) ― DENSO Corporation, one of the world’s largest automotive suppliers, today announced it has agreed to a technical adviser contract with Takuya Oikawa, a leading global developer of software products. The global automotive industry continues to shift dramatically, with greater concentration on electrification, automated driving and connected driving. Competition from other diverse industries… Continue reading DENSO Taps Technical Expert Takuya Oikawa to Enhance Information and Communications Technology Business
Subscription Vehicle Service Canvas Celebrates Growth, Looks for Continued Expansion in 2018
Canvas expanded its flexible, subscription-based alternative to car ownership in 2017 and now serves 600 customers in the San Francisco Bay Area and Los Angeles The Ford Credit subsidiary has made multiple enhancements, including more vehicles and more options to allow customers to personalize their subscription experience The Canvas fleet has been driven more than… Continue reading Subscription Vehicle Service Canvas Celebrates Growth, Looks for Continued Expansion in 2018
Autonomous LA-to-NYC Tesla Trip Past Deadline, Still Coming
Tesla Inc. hasn’t thrown its plan to demonstrate an autonomous cross-country drive out the window — it’s just tapped the brakes. Chief Executive Officer Elon Musk said a self-driving Tesla will attempt the trip from Los Angeles to New York in the next three to six months after missing the deadline he set for late… Continue reading Autonomous LA-to-NYC Tesla Trip Past Deadline, Still Coming
Elon Musk Calls Out LIDAR Tech as “A Crutch” in Autonomous Vehicles
In Brief Waymo and Uber’s self-driving systems use LIDAR technology to navigate traffic. But Tesla CEO Elon Musk says cameras — not LIDAR — are the way to go. Vision of the Future Elon Musk recently reiterated his stance that Light Detection and Ranging (LIDAR) technology is not a critical component of autonomous driving systems.… Continue reading Elon Musk Calls Out LIDAR Tech as “A Crutch” in Autonomous Vehicles
China’s electric car startup Byton to raise up to $400m at $1.2b valuation: Report
February 8, 2018 China’s electric vehicle (EV) startup unicorn Byton is targeting to raise $300-400 million from a Chinese government investment institution at a valuation of $1.2 billion, according to a China Money Network report. The deal, which is said to be in an advanced phase of negotiation, would be the second financing received by… Continue reading China’s electric car startup Byton to raise up to $400m at $1.2b valuation: Report
Q&A with Alfonso Albaisa, Senior Vice President, Global Design, Nissan Motor Company
Can you begin by telling us a little about yourself?I wanted to be a designer for as long as I could remember. I didn’t realise that there were any other fields until I was a little bit older, because my dad was an architect, and my uncles were architects, so I thought that was all… Continue reading Q&A with Alfonso Albaisa, Senior Vice President, Global Design, Nissan Motor Company
Fiat Chrysler CEO Sergio Marchionne To Step Down, Warns Auto Industry of Commoditization
Sergio Marchionne, who has led Fiat Chrysler Automobiles since 2009, has words of advice for the automobile industry: The future of cars is coming swiftly, and if you can’t innovate and differentiate, you won’t survive. Marchionne, one of the longest-serving chief executives in the auto industry, confirmed on Monday, the opening of the North American… Continue reading Fiat Chrysler CEO Sergio Marchionne To Step Down, Warns Auto Industry of Commoditization