By Nick Carey DETROIT, – When Avis Budget Group Inc reports its results on Wednesday, executives under pressure from restive shareholders will likely point to the potential for profits from managing fleets of vehicles for ride services and robo-taxi companies. Avis, however, won’t be alone in chasing revenue from the same ride service companies that… Continue reading Avis steers into crowded field for managing ride services fleets
Tag: Strategy
Bosch starts new division, acquires U.S. carpooling start-up
Feb 21 (Reuters) – Germany’s Robert Bosch on Wednesday created a new division to expand its reach in the markets for ride services and connected vehicles and acquired a small U.S. ride services company as part of the strategic shift. The carpooling start-up Splitting Fares Inc, whose app connects people who share the same route… Continue reading Bosch starts new division, acquires U.S. carpooling start-up
Is 4,000 MPG Possible? Students Put Fuel-Efficiency Records To The Test At Make the Future California
HOUSTON, Feb. 20, 2018 /PRNewswire/ — Shell, in conjunction with Sonoma Raceway and Speedway Motorsports Inc., will welcome student teams from up to 100 high schools and universities across North and South America to Make the Future California featuring Shell Eco-marathon Americas from April 19-22, 2018. Make the Future California provides a platform for innovation, collaboration… Continue reading Is 4,000 MPG Possible? Students Put Fuel-Efficiency Records To The Test At Make the Future California
Uber might be backing out of SEA but is making sure to stay in London & more
Uber might be backing out of SEA but is making sure to stay in London & more Welcome to our weekly urban mobility news digest — this week we are trying something new: we’ll present you last week’s most important news in a short single-story read. Let us know what you think, whether you like it or would… Continue reading Uber might be backing out of SEA but is making sure to stay in London & more
Brussels gives ‘green light’ to the alliance of Repsol and Kia in the car sharing business
Published 02/20/2018 12:51:56CET BRUSSELS, 20 Feb. (EUROPA PRESS) – The European Commission gave the green light to the alliance between Repsol and Kia on Tuesday to create a joint venture to operate in the car sharing business, concluding that the operation will not have a negative impact on the European economic space. The resulting company… Continue reading Brussels gives ‘green light’ to the alliance of Repsol and Kia in the car sharing business
Uber parks its service in Morocco
Uber is pulling the brakes on its service in Morocco, which will cease on February 23, as it waits (and hopes) for local regulators to accommodate app-based ride-hailing. The company announced the move on its country blog yesterday, writing that it has “not had any clarity” on how its service can be integrated into the… Continue reading Uber parks its service in Morocco
MBE2—a global revolution in ethanol production by MAHLE
The latest in fuels The use of biofuels in internal combustion engines is an important alternative to significantly reduce CO2 emissions—one of the gases responsible for the greenhouse effect. Ethanol is thus used in countries all over the world as a strategic fuel. In Brazil and the U.S., for example, a large fleet of vehicles… Continue reading MBE2—a global revolution in ethanol production by MAHLE
DENSO Announces Management Changes
KARIYA (Japan) ―DENSO Corporation today announced management changes, which were approved at today’s board of directors meeting. The following management changes will be effective April 1, 2018: (1)Toshiyuki Kato will be appointed to executive vice president. Currently he is a senior executive director. (2)The following will be appointed as senior executive directors: Kazuaki Fujitani, currently… Continue reading DENSO Announces Management Changes
Volvo Cars debuts three-cylinder engine in new XC40 compact SUV
Volvo Cars today launched its new three-cylinder Drive-E powertrain in the XC40, the company’s first entry into the compact SUV segment. The new powertrain is the first three-cylinder engine in the company’s 91-year history. The all-new 1.5-litre, three-cylinder, direct-injection petrol engine was developed in-house using the same modular design as Volvo’s four-cylinder Drive-E engines. The… Continue reading Volvo Cars debuts three-cylinder engine in new XC40 compact SUV
Limebike Raises $70M B+ Round As Bike Sharing Competition Intensifies
US-based bike sharing company LimeBike has raised a US$70 million B+ round, the company announced today. The funds will suppport the company’s expansion beyond its core bike rental business, to include electric bikes and scooters, differentiating it from Chinese bike sharing giants such as Mobike and ofo. California-based Fifth Wall Ventures led the funding round, which brings… Continue reading Limebike Raises $70M B+ Round As Bike Sharing Competition Intensifies