@BMW: Pieter Nota, Member of the Board of Management of BMW AG, Customer, Brands, Sales: “There are millions of people in the EU whose mobility behaviour is ideally suited to a plug-in hybrid vehicle”

Interview with Pieter Nota on the BMW Group’s plug-in hybrid vehicles Munich. In an interview, Pieter Nota, Member of the Board of Management of BMW AG, Customer, Brands, Sales, talks about the advantages of the plug-in hybrid, the technology’s future and about what he expects from legislators. Because he is sure: “Our plug-in hybrids combine… Continue reading @BMW: Pieter Nota, Member of the Board of Management of BMW AG, Customer, Brands, Sales: “There are millions of people in the EU whose mobility behaviour is ideally suited to a plug-in hybrid vehicle”

@Honda: Honda Establishes Hynex Mobility Service, a New Joint Venture Company, to Accelerate Advancements Toward Next-generation Connected Services Business in China

June 10, 2020 – Honda Motor (China) Investment Co., Ltd., a wholly-owned Honda subsidiary in China, today announced the establishment of Hynex Mobility Service Co., Ltd. (Hynex Mobility Service), a new joint venture company with Neusoft Reach Automotive Technology (Shanghai) Co., Ltd. (Neusoft Reach). Hynex Mobility Service will strive to advance connected services and offer… Continue reading @Honda: Honda Establishes Hynex Mobility Service, a New Joint Venture Company, to Accelerate Advancements Toward Next-generation Connected Services Business in China

Auto industry to go back a decade; decline upto 45%: SIAM

New Delhi: Going by the RBI Governors’ estimates of witnessing the negative dip in GDP if it turns out at around one-two percent (which I think will be more), the automobile industry will see a decline of about 25 to 45 percent, which is like going back a decade, said Rajan Wadhera, President, Society of… Continue reading Auto industry to go back a decade; decline upto 45%: SIAM

Tesla launches new car-sharing feature to simplify access

Tesla has launched a new feature that simplifies sharing your car with other people – another step toward its self-driving car-sharing network. With Model 3, Tesla focused on designing around self-driving and car-sharing/ride-sharing capability. Things like the center display, the cabin-facing camera, and using your phone as a key were meant to facilitate launching such… Continue reading Tesla launches new car-sharing feature to simplify access

Aptiv PLC Announces Pricing of Ordinary Shares and Mandatory Convertible Preferred Shares Offerings

DUBLIN, June 9, 2020 /PRNewswire/ — Aptiv PLC (NYSE: APTV) (the “Company”) today announced the pricing of concurrent offerings of 13,173,495 ordinary shares at a price to the public of $75.91 per share (the “Ordinary Shares Offering”) and 10,000,000 5.50% Series A Mandatory Convertible Preferred Shares (the “mandatory convertible preferred shares”) at a price to the… Continue reading Aptiv PLC Announces Pricing of Ordinary Shares and Mandatory Convertible Preferred Shares Offerings

@Nio: NIO Inc. Announces Proposed Offering of 60,000,000 American Depositary Shares

SHANGHAI, China, June 09, 2020 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO) (“NIO” or the “Company”), a pioneer in China’s premium smart electric vehicle market, today announced the commencement of the offering of 60,000,000 American depositary shares (the “ADSs”), each representing one Class A ordinary share of the Company (the “ADS Offering”). The Company intends… Continue reading @Nio: NIO Inc. Announces Proposed Offering of 60,000,000 American Depositary Shares

@Groupe PSA: PEUGEOT seats: the hyper technology of a simple part

In the highly competitive environment of the automotive industry, vehicle interiors have become an important part of customers’ purchasing process. PEUGEOT, with the widespread use of the i-Cockpit® on almost all of its range, has revolutionized vehicle interiors and has taken particular care with the seats, which are now becoming increasingly complex and technological. They… Continue reading @Groupe PSA: PEUGEOT seats: the hyper technology of a simple part

@Suzuki: Jun 09, 2020 Maruti Suzuki partners with Mahindra Finance to bring easy car finance schemes for cus…

  Attractive options for customers   • Buy Now Pay Later scheme of 2 months   • Step up EMI scheme with 6 monthly EMI increase   • Agricultural Customer schemes including quarterly EMIs   • Turant Scheme – on the spot approval for both salaried as well as No Income Proof (NIP) customers  … Continue reading @Suzuki: Jun 09, 2020 Maruti Suzuki partners with Mahindra Finance to bring easy car finance schemes for cus…

Upstream Expands Series B Funding

HERZLIYA, Israel, June 9, 2020 /PRNewswire/ — Upstream Security announced today that it has secured an expansion of its Series B funding with an investment by Salesforce Ventures. The undisclosed amount is in addition to $30 million previously invested by Alliance Venture Capital (Renault, Nissan, Mitsubishi), Hyundai, Nationwide Insurance, Volvo Group, and others. Upstream offers specialized… Continue reading Upstream Expands Series B Funding

German freight tech start-up Sennder merges with France’s Everoad

BERLIN, June 9 (Reuters) – German freight technology firm Sennder said on Tuesday it was merging with French peer Everoad in a deal that keeps it on track for its target of 1 billion euros ($1.1 billion) in revenue by 2024. Sennder, founded in 2015, is merging with the smaller Everoad in a stock-based deal… Continue reading German freight tech start-up Sennder merges with France’s Everoad