Sponsored Links Halo Cars Lyft might have another way to generate revenue from trips. The company has acquired Halo Cars, a startup that lets drivers for app-based car services run taxi-style ads on top of their vehicles. A spokesperson for the ridesharing giant didn’t outline the intentions for the deal, but Axios speculated that Halo’s… Continue reading Lyft buys a startup that runs ads on top of ridesharing cars
Tag: Mobility
Why Volvo is redefining autonomous driving
Volvo has been one of the leading proponents of the industry’s long-term quest for fully autonomous cars. But now it has become the latest to dial back its overall ambition and to clarify how it views the technology developing. The next XC90, due in 2022, will be fitted with the advanced hardware and software needed… Continue reading Why Volvo is redefining autonomous driving
AbInBev, BMW, Bosch, Microsoft and ZF join forces to accelerate manufacturing innovation
L-R: Sven Hamann, SVP Bosch Connected Industry; Ralf Waltram, VP IT Systems, BMW Group; Dr Michael Bolle, Bosch Group; Scott Guthrie, EVP Cloud & AI, Microsoft; W Balandat, Head of Production Mgmt,ZF The Open Manufacturing Platform (OMP) has expanded, with new steering committee members and new working groups established. OMP is an alliance founded in… Continue reading AbInBev, BMW, Bosch, Microsoft and ZF join forces to accelerate manufacturing innovation
Sixt SE sells its leasing business to Hyundai Capital Bank Europe
Sixt SE has announced that it will fully divest its shares in its subsidiary Sixt Leasing SE. The German-based international mobility service provider has entered into an agreement with Hyundai Capital Bank Europe (a joint venture between Santander Consumer Bank and Hyundai Capital Services) for the sale of its participation in Sixt Leasing SE (i.e.… Continue reading Sixt SE sells its leasing business to Hyundai Capital Bank Europe
Lyft buys digital car-top advertising startup Halo Cars
Feb 21 (Reuters) – Lyft Inc has bought U.S.-based startup Halo Cars, which allows drivers to make money through digital advertisements displayed on top of their vehicles. The deal, first reported by Axios, was confirmed by the ride-hailing company on Friday. Lyft did not comment on the financing of the deal. Halo Cars was founded… Continue reading Lyft buys digital car-top advertising startup Halo Cars
Malaysia revamps auto policy with third national car in mind
KUALA LUMPUR — Malaysia unveiled on Friday a much-delayed automotive policy, hoping to stay ahead of Thailand and Indonesia by shifting the focus from energy-efficient cars to next-generation vehicles production for the region. The National Automotive Policy 2020 also sought to redefine its national car classifications to accommodate a third national car maker, after China’s Geely-backed Proton… Continue reading Malaysia revamps auto policy with third national car in mind
Russian driverless tech company Cognitive Pilot sets sights on IPO
By Nadezhda Tsydenova MOSCOW, Feb 21 (Reuters) – Russian technology start-up Cognitive Pilot, which makes components for driverless vehicles, is considering an initial public offering (IPO) after 2023, its chief executive told Reuters. The company has already attracted investment from top Russian lender Sberbank, which has bought a 30% stake, though it gave no indication… Continue reading Russian driverless tech company Cognitive Pilot sets sights on IPO
Volocopter extends Series C funding to $94M with backing from logistics giant DB Schenker and others
Autonomous air mobility company Volocopter has added to the Series C funding round it announced in September 2019. The German electric vertical take-off and landing (eVTOL) aircraft maker announced €50 million ($54 million at today’s exchange rate) in funding at the time, and the C round has now grown to €87 million ($94 million) thanks… Continue reading Volocopter extends Series C funding to $94M with backing from logistics giant DB Schenker and others
Veoneer Publishes 2019 Annual Report on Form 10-K
STOCKHOLM, Feb. 21, 2020 /PRNewswire/ — Veoneer, a world-wide leader in autotech, has filed its 2019 Annual Report on Form 10-K with the Securities and Exchange Commission (SEC). The 2019 Annual Report on Form 10-K is available at the SEC Edgar website: www.sec.gov and on Veoneer’s web site veoneer.com. The information regarding publication of our… Continue reading Veoneer Publishes 2019 Annual Report on Form 10-K
Magna Announces Fourth Quarter and 2019 Results and Raises Quarterly Cash Dividend per Share by 10%
Fourth Quarter 2019 HighlightsCash from operations increased to $1.70 billion, despite lower sales and earningsReturned $365 million to shareholders through share repurchases and dividendsRaised quarterly cash dividend by 10% to $0.40 per shareFull Year 2019 HighlightsRecord cash from operations of $3.96 billion, despite lower sales and earningsReturned approximately $1.7 billion to shareholders through share repurchases and… Continue reading Magna Announces Fourth Quarter and 2019 Results and Raises Quarterly Cash Dividend per Share by 10%