Lyft is getting close to acquiring Motivate, the company responsible for Ford GoBike in the San Francisco Bay Area and Citi Bike in the New York City area, The Information reports. The deal will reportedly be worth at least $250 million. Lyft declined to comment and Motivate wasn’t available for comment at the time of… Continue reading Lyft is reportedly close to buying the company behind Ford GoBike and Citi Bike
Tag: Mobility
Tata Motors sharpens focus on electric mobility, appoints Shailesh Chandra as president of EV biz
In a bid to capture the opportunities arising out of new mobility trends and to bring about organisational focus and alignment, Tata Motors has announced the appointment of Shailesh Chandra to lead the company’s electric mobility business in addition to his current responsibility. Chandra has been promoted as president— Electric Mobility Business & Corporate Strategy,… Continue reading Tata Motors sharpens focus on electric mobility, appoints Shailesh Chandra as president of EV biz
China’s automaker Protean Electric closes $40m Series E round
June 4, 2018 Chinese automaker Protean Electric has closed a $40 million equity investment in its series E funding round led by Shenzhen-listed Weifu High-Technology Group and existing investor Oak Investment Partners. According to a press release, the funding will be utilised to support Protean’s ongoing business activities and to help establish a global licensing… Continue reading China’s automaker Protean Electric closes $40m Series E round
Turkey’s president says Uber is ‘over’
Reuters/Osman Orsal You might not want to count on hailing an Uber car in Istanbul any time soon. Turkish President Recep Tayyip Erdogan has claimed at a Ramadan dinner that the ridesharing outfit’s business is “over” in the country, with the interior ministry reportedly giving “the orders.” Uber currently runs under a license that costs… Continue reading Turkey’s president says Uber is ‘over’
Michelin goes to war against planned obsolescence
At the end of the track, all four vehicles are ready. If they look identical at first sight, in reality, they are not quite. Two of them are equipped with “premium” tires (graded A), and the two others with “budget” tires, of lower quality (graded C). And for each of the two categories, one set… Continue reading Michelin goes to war against planned obsolescence
Lyft is reportedly close to buying the company behind Citi Bike
Ramin Talaie/Corbis via Getty Images Lyft might not sit idle while Uber leaps into the bike sharing space. The Information sources have claimed that Lyft is close to acquiring Motivate, the bike sharing behemoth responsible for New York City’s Citi Bikes and San Francisco’s Ford GoBikes. Neither company has agreed to comment on the move… Continue reading Lyft is reportedly close to buying the company behind Citi Bike
This Time with E-Motion The Electric Passion of Henrik Fisker
inFOCUS Henrik Fisker with concept version of his limited production E-Motion electric car By Bill Moore Here’s fair bit of Viking DNA woven into Henrik Fisker, car designer and EV impersario. Tired jokes of “Bad Karma” aside, he’s determined to have a role in the transition to an EV world, one that looks well beyond… Continue reading This Time with E-Motion The Electric Passion of Henrik Fisker
UPDATE 4-Marchionne ramps up SUVs as prepares to hand over Fiat Chrysler wheel
BALOCCO, Italy (Reuters) – Fiat Chrysler’s (FCHA.MI) departing Chief Executive Sergio Marchionne delivered a plan on Friday to ramp up sport utility vehicles and invest 9 billion euros ($10.5 billion) in electric and hybrid cars in a bid to double operating profit by 2022. FILE PHOTO: 2015 Jeep Grand Cherokee are exhibited on a car… Continue reading UPDATE 4-Marchionne ramps up SUVs as prepares to hand over Fiat Chrysler wheel
California will allow autonomous cars to pick up passengers
Getty Images California is launching two pilot programs that will allow autonomous vehicles to pick up passengers in the state, the San Francisco Examiner reports. One will let companies pick up passengers with their self-driving cars as long as a safety driver is behind the wheel. The other will allow for passenger pickup without a… Continue reading California will allow autonomous cars to pick up passengers
Leading Fiat Out of the Desert
Sergio Marchionne once defined his mission at Fiat Chrysler Automobiles NV — a company formed via the unlikely union of two hobbled automotive also-rans — in almost biblical terms. “We need to be able to cross the desert,” the CEO told investors in 2016 as he looked at the technological revolution facing the industry. “We… Continue reading Leading Fiat Out of the Desert