Uber’s shares went into reverse on Thursday after the taxi-hailing company unveiled profit figures that failed to live up to expectations. Revenue growth slowed in face of heavy competition, leading to the company posting its largest quarterly loss. Uber and its rivals are spending heavily to expand, but boss Dara Khosrowshahi said that the competitive… Continue reading Uber shares tumble as profit figures disappoint
Tag: Mobility
Uber loses $5 billion, misses Wall Street targets despite easing price war
(Reuters) – Uber Technologies Inc (UBER.N) reported a $5.2 billion loss and revenue that fell short of Wall Street targets on Thursday as growth in its core ride-hailing business slowed, sending its shares down 6%. FILE PHOTO: Uber’s logo is seen on a smartphone screen as a picture of stock exchange graph is displayed on… Continue reading Uber loses $5 billion, misses Wall Street targets despite easing price war
Uber Reports Second Quarter 2019 Results
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced financial results for the quarter ended June 30, 2019. “Our platform strategy continues to deliver strong results, with Trips up 35% and Gross Bookings up 37% in constant currency, compared to the second quarter of last year,” said Dara Khosrowshahi, CEO. “In July, the Uber platform… Continue reading Uber Reports Second Quarter 2019 Results
Groupe PSA: #aCoffeeWithCarlosTavares Meeting n°5: Sharing Economy – Interview with Philippe Bihouix – Business Wire
RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News: Groupe PSA (Paris:UG): Excerpts: Philippe Bihouix declares about sharing economy: “The use of raw materials and scarce resources has not decreased. Indeed, gains in efficiency of products are counterbalanced by an increase in consumption. This is true for mobility. With carpooling offers, for example, people travel more. Carsharing is a relevant… Continue reading Groupe PSA: #aCoffeeWithCarlosTavares Meeting n°5: Sharing Economy – Interview with Philippe Bihouix – Business Wire
Uber Posts $5.2 Billion Loss and Slowest Ever Growth Rate
SAN FRANCISCO — Uber set two dubious quarterly records on Thursday as it reported its results: its largest-ever loss, exceeding $5 billion, and its slowest-ever revenue growth. The double whammy immediately renewed questions about the prospects for the company, the world’s biggest ride-hailing business. Uber has been dogged by concerns about sluggish sales and whether… Continue reading Uber Posts $5.2 Billion Loss and Slowest Ever Growth Rate
The Center for Automotive Research (CAR) and Velodyne Lidar Join the International Alliance for Mobility Testing & Standardization (IAMTS)
August 8, 2019 Alliance Focuses on the Standardization and Certification of Advanced Mobility Systems and Services The International Alliance for Mobility Testing & Standardization (IAMTS) today announced that the Center for Automotive Research (CAR) and Velodyne Lidar, Inc. have joined the alliance as Core Members on the Technical Leadership Committee. IAMTS is a global, membership-based… Continue reading The Center for Automotive Research (CAR) and Velodyne Lidar Join the International Alliance for Mobility Testing & Standardization (IAMTS)
FlixMobility extends Series F at $2B+ valuation as it gears up to add cars to its bus and train network
Back in July it emerged that FlixMobility — the company behind the network of ubiquitous green FlixBus coaches that crisscross Europe and parts of the U.S. — had raised about €500 million in the largest-ever round of funding for a German tech company. That turned out not to be the full story. Today, the company… Continue reading FlixMobility extends Series F at $2B+ valuation as it gears up to add cars to its bus and train network
Romanian electric car sharing service eGO becomes available to all bank card holders
EGO, the first car sharing service in Romania with an exclusively electric fleet, is available starting this month for all bank card holders, regardless of the issuing bank.Launched at the end of 2017 in partnership with BCR, eGO is a 100 percent Romanian brand, available in Bucharest.The service costs less than RON 1/minute for BCR customers with George cards and RON 1.3 for all other users.
Continental’s powertrain business gravitates towards electric
With this strategy and gradual optimizations to the portfolio, Continental aims to ensure that the powertrain business remains financially strong, competitive and sustainable in the long term. New Delhi: German car parts group, Continental is making a big move towards electric mobility by putting a stronger focus on electrified drive systems. This is due to… Continue reading Continental’s powertrain business gravitates towards electric
08/08/2019MAHLE makes fuel cells mobile
MAHLE makes fuel cells mobile
Stuttgart/Germany, August 08, 2019 – The companies that are defining the mobility of the future must respond quickly to changing conditions. This is the only way to bring new technologies to economic viability and series production internal structures and bundling the expertise of various development fields in one fuel cell project house. This is a place where all fuel cell topics come together.
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Press relase [PDF; 152 KB]Press picture 1 [JPG; 1630 KB]Press picture 2 [JPG; 4367 KB]Press picture 3 [JPG; 4664 KB] MAHLE bundles fuel cell expertise in agile structureFuel cell project house acts as a central contact point across all systems related to fuel cellsThe importance of an overall system perspective for the safety and competitiveness of fuel cell vehicles can be illustrated by simulating the dynamics of fuel cells in interplay with battery size or by the reciprocal development of ion exchangers and heat exchangers. The air pathway, also known as the cathode air system, is one of the central systems in the periphery of the fuel cell. The relationships and interactions are complex and can only be predicted through elaborate simulations.
The team at the fuel cell project house analyzes the results and defines the design of the peripheral components, which leads to a cost-optimized vehicle. MAHLE is transferring expertise from a wide variety of research and development areas of conventional mobility to the fuel cell project house, enabling thermal, air, and liquid management and filtration to work together purposefully.
Another example of close interaction among various development centers is the joint development of heat exchangers and ion exchangers. This is where our technical expertise in the areas of thermal management and filtration comes together. The coolant used to cool fuel cell stacks must be deionized so that it loses its electrical conductivity. If it were conductive, then not only could explosive gas form, but undesired and dangerous currents could be discharged. The deionized cooling medium flows through the bipolar plates of the fuel cell to cool it. The deionized cooling medium is highly reactive, however, and corrodes components that come into contact with it, so this must be avoided. For this reason, MAHLE passivates the heat exchanger and makes it resistant to leaching ions. This produces a durable cooling system and reduces the load on the ion exchanger, ensuring high-voltage safety under all conditions.
The exhaust air pathway in the fuel cell vehicle also requires extensive expertise. An intelligent system for water disposal ensures that water disposal occurs only at high speeds. This prevents water from freezing in awkward locations, such as in parking garages or inner cities. The water that is discharged at high speeds is atomized. This functional integration is typical of the development of engine components as an overall system at MAHLE, combining expertise from the areas of engine peripherals, flow simulation, and filtration.
About MAHLEMAHLE is a leading international development partner and supplier to the automotive industry as well as a pioneer for the mobility of the future. The MAHLE Group is committed to making transportation more efficient, more environmentally friendly, and more comfortable by continuously optimizing the combustion engine, driving forward the use of alternative fuels, and laying the foundation for the worldwide introduction of e-mobility. The group’s product portfolio addresses all the crucial issues relating to the powertrain and air conditioning technology—both for drives with combustion engines and for e-mobility. MAHLE products are fitted in at least every second vehicle worldwide. Components and systems from MAHLE are also used off the road—in stationary applications, for mobile machinery, rail transport, as well as marine applications.
In 2018, the group generated sales of approximately EUR 12.6 billion with more than 79,000 employees and is represented in more than 30 countries with 160 production locations. At 16 major research and development centers in Germany, Great Britain, Luxembourg, Spain, Slovenia, the USA, Brazil, Japan, China, and India, more than 6,100 development engineers and technicians are working on innovative solutions for the mobility of the future.
For further information, contact:MAHLE GmbH
Christopher Rimmele
Corporate Communications/Public Relations
Pragstraße 26–46
70376 Stuttgart/Germany
Phone: +49 711 501-12374
christopher.rimmele@mahle.com