Zomato, an Indian food app provider, acquired Uber’s food delivery business in India. The an all-stock transaction gives Uber 9.99% ownership in Zomato. The acquisition strengthens Zomato’s position in the food delivery business category. Uber Eats in India will discontinue operations and direct restaurants, delivery partners, and users of the Uber Eats apps to the… Continue reading Zomato Buys Uber’s Food Delivery Business in India
Tag: Mobility
Phoenix Airport Ride-Hailing Fee is Illegal, Arizona AG Says
Attorney General Mark Brnovich believes the city council-approved fees probably violate a 2018 ballot measure that forbids higher taxes on services. Photo via Lyft. Arizona’s attorney general says the Phoenix airport’s new $4 ride-hailing fee is most likely unconstitutional, AP reports. Attorney General Mark Brnovich believes the city council-approved fees probably violate a 2018 ballot measure that… Continue reading Phoenix Airport Ride-Hailing Fee is Illegal, Arizona AG Says
Karma Joins The Alliance For Automotive Innovation
WASHINGTON, Jan. 22, 2020 /PRNewswire/ — Karma, the Southern California-based high-tech mobility incubator and creator of luxury electric vehicles, and the Alliance for Automotive Innovation, the singular, authoritative and respected voice of the automotive industry, today announced the company has joined the organization as its newest member. With a shared focus on innovation, technology and growth,… Continue reading Karma Joins The Alliance For Automotive Innovation
GM’s Cruise unveils its first driverless vehicle
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Daimler profits halve on diesel and restructuring charges
FRANKFURT (Reuters) – Daimler (DAIGn.DE) warned its earnings halved in 2019 and it faced further charges of up to 1.5 billion euros ($1.7 billion)related to diesel pollution, in the latest blow to the German luxury carmaker. FILE PHOTO: A Mercedes-Benz “Vision URBANETIC” concept car is seen in front of the Daimler AG logo during the… Continue reading Daimler profits halve on diesel and restructuring charges
Force Motors reveals new, high-on-safety IC and electric van platform
Pune-based automotive major and India’s largest van manufacturer Force Motors has revealed the country’s first shared mobility platform designed and developed for both internal combustion engines and 100% electric drive. Work on the project – codenamed T1N – began four years ago with a dedicated team of 150 engineers and with the objective to develop a… Continue reading Force Motors reveals new, high-on-safety IC and electric van platform
@Renault: INCIT-EV PROJECT: INNOVATIVE ELECTRIC CHARGING SOLUTIONS TO BE TESTED IN EUROPE
The INCIT-EV[1] project aims to encourage the development of electromobility in Europe through field experiments. 7 innovative charging technologies for electric vehicles will be tested in chosen locations in Europe. Groupe Renault is coordinating this initiative, which has support from the European Commission as part of a call for proposals within the European Horizon 2020… Continue reading @Renault: INCIT-EV PROJECT: INNOVATIVE ELECTRIC CHARGING SOLUTIONS TO BE TESTED IN EUROPE
@Daimler: Preliminary results for the financial year 2019 including anticipated additional expenses below earnings expectations
Stuttgart, Germany – In the financial year 2019, Daimler AG has achieved a preliminary Group EBIT of EUR 5.6 billion (financial year 2018: EUR 11.1 billion). Not included therein are anticipated additional expenses for ongoing governmental and court proceedings and measures relating to Mercedes-Benz diesel vehicles in various regions and markets. Upon preliminary assessment, these… Continue reading @Daimler: Preliminary results for the financial year 2019 including anticipated additional expenses below earnings expectations
@Daimler: 22. Jan 2020Preliminary results for the financial year 2019 including anticipated additional expenses below earnings expectations
January 22, 2020 – In the financial year 2019, Daimler AG has achieved a preliminary Group EBIT of EUR 5.6 billion (financial year 2018: EUR 11.1 billion). Not included therein are anticipated additional expenses for ongoing governmental and court proceedings and measures relating to Mercedes-Benz diesel vehicles in various regions and markets. Upon preliminary assessment,… Continue reading @Daimler: 22. Jan 2020Preliminary results for the financial year 2019 including anticipated additional expenses below earnings expectations
Daimler 2019 profit down by half, diesel scandal weighs
FILE PHOTO: A Mercedes-Benz “Vision URBANETIC” concept car is seen in front of the Daimler AG logo during the company’s annual news conference in Stuttgart, Germany, February 6, 2019. REUTERS/Michael Dalder FRANKFURT (Reuters) – German luxury car maker Daimler (DAIGn.DE) on Wednesday issued its third profit warning for 2019, as costs related to the diesel… Continue reading Daimler 2019 profit down by half, diesel scandal weighs