Nissan: Nissan and DeNA to start Easy Ride robo-vehicle mobility service trial in Japan

YOKOHAMA, Japan – Nissan Motor Co., Ltd. and DeNA Co., Ltd. will begin a field test of Easy Ride, the robo-vehicle mobility service being developed by both companies, on March 5. Easy Ride is envisioned as a mobility service for anyone who wants to travel freely to their destination of choice in a robo-vehicle. During the… Continue reading Nissan: Nissan and DeNA to start Easy Ride robo-vehicle mobility service trial in Japan

Daimler Dodges the Robo-Taxi Storm

Over the past three years, Daimler AG has surpassed BMW AG and Volkswagen AG’s Audi to seize the crown of world’s largest luxury carmaker. Daimler der König CEO Dieter Zetsche has helped make Daimler the world’s biggest luxury carmaker Source: Company filings But CEO Dieter Zetsche has one distinct disadvantage to his German peers: the… Continue reading Daimler Dodges the Robo-Taxi Storm

PLA based Noah becomes world’s first recyclable car

3D printing has been used in the development of Noah the “world’s first circular car.” The 2018 product of a longstanding project at the Eindhoven University of Technology (TU Eindhoven), Noah is an electric car built as a demonstration of future, greener car manufacturing. Noah was created by the university’s TU/Ecomotive team. As a proof of… Continue reading PLA based Noah becomes world’s first recyclable car

SmartShift and Porter Announce their Intent to Merge

SmartShift and Porter Announce their Intent to Merge Mahindra to invest a further amount of Rs 65 crore in the two entities Merged entity to optimise greater operational efficiency To result in a Pan India reach in the growing shared mobility space Mumbai, February 23rd, 2018: SmartShift by Mahindra, part of the USD 19 billion… Continue reading SmartShift and Porter Announce their Intent to Merge

Volkswagen achieves billions in profits – despite the diesel crisis

In the crisis around manipulated diesel vehicles Volkswagen is in the criticism. Nevertheless, the Group was able to significantly increase its net profit last year. Friday, 23.02.2018 16:48 clock Despite the debates on driving bans and billions from the diesel affair Has Volkswagen posted high profits in the past year. With a bottom line of… Continue reading Volkswagen achieves billions in profits – despite the diesel crisis

Tesla starts beta-testing new Autopilot update with new feature and more advanced neural net

Tesla has been promising a significant new update to the Autopilot software for a while now and Elon Musk, along with a few other executives, have been teasing the quality of the new version over the last few months. Electrek has now learned the first details of this new update as Tesla started beta testing the… Continue reading Tesla starts beta-testing new Autopilot update with new feature and more advanced neural net

BMW Group plans joint venture for MINI electric vehicles in China

Munich. The BMW Group is in advanced discussions to ramp up the global success of its MINI brand through a new joint venture in China. A key element of the brand’s continued strategic development will be local production of future battery-electric MINI vehicles in the world’s largest market for electromobility. To this end, the BMW… Continue reading BMW Group plans joint venture for MINI electric vehicles in China

Is Uber selling its Southeast Asia business to Grab?

If you read the tech press, you might have seen reports that Uber is pursuing a sale in Southeast Asia that would see Grab, its Singapore-headquartered rival valued at $6 billion, acquire Uber’s business in the region. Rumors of such a tie-in have been rife for a while. Uber sold its China business in exactly such… Continue reading Is Uber selling its Southeast Asia business to Grab?

Mobike Expands In Europe With Bike Rental Services In Florence And Milan

Chinese bike rental firm Mobike extended its footprint in Europe today with trial launches in the Italian cities of Florence and Milan. The move follows the Shanghai-based company’s previous international expansions into Singapore, the United Kingdom and Japan. “With the landing of Mobike in Florence today, it marks another solid step for our city toward… Continue reading Mobike Expands In Europe With Bike Rental Services In Florence And Milan

Press Release – Magna Announces Fourth Quarter and 2017 Results and Raises Quarterly Cash Dividend by 20%

Please click HERE for a PDF version of the release. Fourth Quarter 2017 Highlights Record sales of $10.4 billion, up 12% from the fourth quarter of 2016 Record diluted earnings per share of $1.53, an increase of 23% Cash from operations of $1.4 billion Returned $461 million to shareholders through share repurchases and dividends Raises… Continue reading Press Release – Magna Announces Fourth Quarter and 2017 Results and Raises Quarterly Cash Dividend by 20%