Toyota Motor Corporation (Toyota) announced today that it has concluded an agreement with Grab Holdings Inc. (Grab) to strengthen their existing partnership and expand the collaboration between Toyota and Grab in Southeast Asia to drive further advances in Mobility as a Service (MaaS) across the region. As part of this agreement, Toyota will invest $1… Continue reading Toyota Advances Mobility as a Service Strategy with Strategic Investment and Collaboration with Grab, the leading Ride-hailing Company in Southeast Asia
Tag: M and A
Ford pushes localization strategy, streamlines sales units in China
Ford shows some of its models in Chongqing ahead of the Beijing auto show in April. [Photo provided China Daily] US auto giant set to hire more Chinese executives in bid to improve performance, Li Fusheng reports. Ford Motor Co is streamlining its sales units in China and hiring local executives as part of efforts… Continue reading Ford pushes localization strategy, streamlines sales units in China
Tesla to slash thousands of jobs in profitability drive
Tesla said it plans to cut 9% of its workforce as part of a restructuring intended to reduce costs and boost profitability. The layoffs at Elon Musk’s electric car company come as it tries to increase production of its Model 3 sedan and turn a quarterly profit this year. Tesla said the more than 3,000… Continue reading Tesla to slash thousands of jobs in profitability drive
Why Self-Driving Car Companies Are Eyeing This Remote Driving Startup
Six months ago, remote driving startup Phantom Auto was just a fleck in a crowded sea of companies vying for visibility—and customers—in the nascent autonomous vehicle industry. Today, it’s on the verge of landing deals with automakers, tech companies, and ride-hailing services all racing to deploy autonomous vehicles for public use. Phantom Auto, fresh from… Continue reading Why Self-Driving Car Companies Are Eyeing This Remote Driving Startup
Scooter startup Bird is reportedly about to hit a $2B valuation
More financing is coming in for Bird, this time potentially valuing the company at $2 billion, according to a new report by Axios. There’s not a ton to add here compared to the last round (which happened just weeks ago), as the same dynamics are probably in play here. While Uber was a bet on… Continue reading Scooter startup Bird is reportedly about to hit a $2B valuation
Priod takes over the Fiolet group!
The group headed by the Priod family accelerates its development by taking over the group Fiolet, distributor Opel and Kia. It not only opens a new geographical map but also adds nearly 3,500 VN to its offer … The Priod group no longer stops. Indeed, after having Etablissements Le Gallou, Fiat distributor, Alfa Romeo and… Continue reading Priod takes over the Fiolet group!
CarAdvise and CARCHEX Unite to Simplify Vehicle Protection, Maintenance and Repair for Millions of Drivers
CHICAGO, June 12, 2018 /PRNewswire/ — CarAdvise, the leading consumer vehicle maintenance and repair platform with a partner network of over 56MM customers has teamed up with CARCHEX, a preeminent consumer focused vehicle protection company, to provide volume pricing on car care at over 20,000 integrated shops nationwide. In an industry synonymous with mistrust and feelings… Continue reading CarAdvise and CARCHEX Unite to Simplify Vehicle Protection, Maintenance and Repair for Millions of Drivers
Vodafone and Continental are using connectivity to make germany’s roads safer
Collaborative innovations to reduce traffic accident figures Digital shield protects pedestrians and cyclists on the roads Traffic jam warning system prevents rear-end collisions on the motorway Joint tests focus on 5G, V2X, mobile edge computing and artificial intelligence Vodafone and Continental have joined forces. The telecommunications group and the technology company are announcing a new… Continue reading Vodafone and Continental are using connectivity to make germany’s roads safer
769bhp Apollo Intensa Emozione hypercar to be inspired by GT1 Le Mans
Apollo, the company born from the ashes of Gumpert, has confirmed that it is working with motorsport engineers and designers from HWA, the specialist firm that operates Mercedes-AMG’s DTM racing programme, on its Intensa Emozione hypercar. HWA runs the most successful team in DTM’s history but Apollo said that it was its role in the development of the iconic Mercedes-Benz CLK-GTR… Continue reading 769bhp Apollo Intensa Emozione hypercar to be inspired by GT1 Le Mans
Bharat Forge buys stake in UK-based EV company
Bharat Forge, the flagship company of the Kalyani Group, today announced that it has bought a strategic stake of 10 million pound (Rs 98 crore) in the UK-based Tevva Motors (Jersey), a electric vehicle company. Tevva provides electric powertrain solutions for commercial vehicles and buses in the 7.5 -14 tonnage weight category, with this being… Continue reading Bharat Forge buys stake in UK-based EV company