Nissan shifts EV strategy to premium vehicles, not ‘discount cars’ like Leaf

Under new leadership, Nissan wants to reclaim its leadership in electric vehicles. But it’s going to downplay affordable electric cars like the Leaf hatchback. Instead, newly minted CEO Makoto Uchida wants Nissan EVs to have robust features, long range, and higher prices that would bring higher profits. The new strategy will start with a new… Continue reading Nissan shifts EV strategy to premium vehicles, not ‘discount cars’ like Leaf

Uber may offer courier services for retail business – CEO Khosrowshahi

FILE PHOTO: Uber CEO Dara Khosrowshahi speaks to the media at an event in New Delhi, India, October 22, 2019. REUTERS/Anushree Fadnavis (Reuters) – Uber Technologies Inc (UBER.N) Chief Executive Officer Dara Khosrowshahi said on Wednesday the ride hailing company could extend its food delivery service to offer courier services for other retail businesses. Speaking… Continue reading Uber may offer courier services for retail business – CEO Khosrowshahi

Vehicles Remain Popular, But Ownership Need Weakens, Avis Says

The report examined consumer research across 16 markets in Europe and Asia, and it has revealed that reports of the “death of the car” are exaggerated.  Photo via Depositphotos. The car’s popularity will stay strong in the upcoming mobility shift, but attitudes toward ownership will change significantly, according to a new Avis Budget Group report.… Continue reading Vehicles Remain Popular, But Ownership Need Weakens, Avis Says

Penske Truck Leasing Celebrates 50th Anniversary

Roger S. Penske (left), chairman of Penske Transportation Solutions, and Brian Hard, president and CEO of Penske Transportation Solutions, pose for a 50th anniversary photo. Photo courtesy of Penske Transportation Solutions. Penske Truck Leasing recently celebrated its 50th anniversary. Founded in 1969 by Roger Penske in Reading, Pa., the company was created through the acquisition… Continue reading Penske Truck Leasing Celebrates 50th Anniversary

Exclusive: Alibaba-backed startup AutoX applies for driver-less test permit in California

(Reuters) – Chinese startup AutoX, backed by e-commerce giant Alibaba, has applied to test self-driving vehicles without an in-car backup driver in California, the first challenger to Alphabet Inc’s autonomous driving venture Waymo to say it has done so. FILE PHOTO: A Waymo autonomous vehicle (formerly the Google self-driving car project) is displayed at the… Continue reading Exclusive: Alibaba-backed startup AutoX applies for driver-less test permit in California

Toyota leads $50 million investment in autonomous shuttle startup May Mobility

May Mobility, a Michigan-based startup that is operating autonomous shuttle services in three U.S. cities, has has raised $50 million in a Series B round led by Toyota Motor Corp. The funding, which comes less than a year after May Mobility raised $22 million, will be used to expand every aspect of the company, including… Continue reading Toyota leads $50 million investment in autonomous shuttle startup May Mobility

VW, Daimler Executive Alvaro Ramis Joins Bestmile as VP of Business Development and Strategic Alliances

“Alvaro understands firsthand the importance of building partnerships with cities and other companies to deliver successful mobility services, having established multi-national partnerships in Europe, Asia, the Middle East, and North America,” said Raphael Gindrat, CEO and cofounder of Bestmile. “It takes an ecosystem of businesses and technologies to deliver next generation mobility services, and Alvaro… Continue reading VW, Daimler Executive Alvaro Ramis Joins Bestmile as VP of Business Development and Strategic Alliances

@Renault: HADI ZABLIT APPOINTED ALLIANCE GENERAL SECRETARY

Press releases Download all now  ( 0 ) December 04, 2019 As of December 9th, Hadi Zablit is appointed Alliance General Secretary, reporting to the Alliance Operating Board and the CEOs of the three companies.   The Alliance General Secretary will coordinate and facilitate major Alliance projects that are to be launched to accelerate business… Continue reading @Renault: HADI ZABLIT APPOINTED ALLIANCE GENERAL SECRETARY

Chinese PE Qingdao Wudaokou acquires stake in Chery Group

China’s private firm Qingdao Wudaokou New Energy Industrial Fund has announced the acquisition of stakes in the units of Chinese automaker Chery Group, per a company filing on its official Weibo account on Wednesday.  Qingdao Wudaokou closed the deal at about 14 billion yuan ($2 billion). Qingdao Wudaokou will acquire 30.99 per cent stake in… Continue reading Chinese PE Qingdao Wudaokou acquires stake in Chery Group

Hadi Zablit promoted to general secretary of Renault, Nissan alliance

TOKYO (Reuters) – Renault SA (RENA.PA), Nissan Motor Co (7201.T) and Mitsubishi Motors (7211.T) on Wednesday said they had promoted Hadi Zablit to general secretary of their automaking alliance to accelerate business efficiencies across the companies. FILE PHOTO: A logo is seen during the inauguration of Renault-Nissan-Mitsubishi’s joint innovation lab in Tel Aviv, Israel June… Continue reading Hadi Zablit promoted to general secretary of Renault, Nissan alliance