RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News: Groupe PSA (Paris:UG) signed, on May 24th 2018, with its banking partners, an amendment of its €3 billion syndicated credit facility. This amendment improves the economic conditions of this credit facility, signed on April 8th 2014 and amended on November 10th 2015, and extends its maturity. Thus, Groupe PSA benefits from… Continue reading Groupe PSA Improves Its €3 Billion Revolving Credit Facility
Tag: Mobility
Uber to develop flying taxis in Paris with new €20m research centre
Uber Firm’s first non-US Advanced Technologies Centre will host Elevate programme and research into electric transport Uber said that the Paris base will allow it to more easily work with European aviation regulators, such as the European Aviation Safety Agency. Photograph: Robyn Beck/AFP/Getty Images Uber is opening a new research centre in Paris to develop… Continue reading Uber to develop flying taxis in Paris with new €20m research centre
Citroen C5 Aircross SUV launched in Europe
Citroën has officially launched the C5 Aircross in Europe, bringing a firm focus on in-car comfort to the compact five-seat SUV segment. One year after a China-specific model made its debut at the Shanghai motor show, Citroën has now repackaged the C5 Aircross to appeal to European customers. It is set to rival the Nissan Qashqai and… Continue reading Citroen C5 Aircross SUV launched in Europe
Uber is building a flying taxi technology center in Paris
Uber Uber has wildly ambitious plans to send flying taxis soaring over cities, but building them will be orders of magnitude harder than anything it has ever done. As such, the company announced that it will open a Paris lab dedicated to its Elevate program called the Advanced Technologies Center in Paris (ATCP). Uber will… Continue reading Uber is building a flying taxi technology center in Paris
Apple’s Robot Cars Are Driving In the Slow Lane
A few years ago, I chatted to a senior Volkswagen AG manager who’d been involved in discussions with Apple Inc. about teaming up on autonomous vehicles. In essence, he said, Apple had asked the German autos giant to give it a stack of vehicle and driver behavior data. In return, VW would receive the self-driving system… Continue reading Apple’s Robot Cars Are Driving In the Slow Lane
OLX Group injects $89m into auto marketplace Frontier Car Group
May 24, 2018 Global online classified platform OLX Group has announced an investment of $89 million, through its early-stage investment arm OLX Ventures, in the C series funding round of online car marketplace Frontier Car Group (FCG), which has presence in six countries including Indonesia and Pakistan. FCG operates brands BeliMobilGue in Indonesia and CarFirst… Continue reading OLX Group injects $89m into auto marketplace Frontier Car Group
Groupe PSA Steps up Its Digital Transformation with the Digital Factory
RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News: Groupe PSA (Paris:UG) is stepping up its digital transformation with the creation of the Digital Factory. This new facility brings resources and skills together in one place to support the operational departments in their digital transformation. Several hundred internal and external experts are on hand, in: – the Customer Digital Factory:… Continue reading Groupe PSA Steps up Its Digital Transformation with the Digital Factory
Apple, Spurned by Others, Signs Deal With Volkswagen for Driverless Cars
Two former Apple employees also recalled how their colleagues built a model of a sport-utility vehicle with four seats facing each other, which some employees tested by sitting inside, similar to a design Mercedes advertised in 2015. As recently as 2016, Apple planned to spend hundreds of millions of dollars to build research and development… Continue reading Apple, Spurned by Others, Signs Deal With Volkswagen for Driverless Cars
News Release – Magna Develops Comfort+ Door Latch to Improve Door Quality and Cabin Quietness
Please click HERE for a PDF version of the release. Reduces effort needed to open and close a car door by 40-60 percent Allows increased sealing to create a quieter cabin – a key factor in driver satisfaction ratings Will enter the market on future models with a European automaker AURORA, Ontario, May 23, 2018… Continue reading News Release – Magna Develops Comfort+ Door Latch to Improve Door Quality and Cabin Quietness
Apple teams up with Volkswagen to make a fleet of self-driving passenger vans (AAPL)
Apple and Volkswagen are officially in the car business together. That’s according to a multiple news reports published on Wednesday night, which outline some details of Apple’s plan to turn some Volkswagen passenger vans into self-driving vehicles. Apple will equip the German automaker’s T6 Transporter van with its own self-driving technology and use a fleet… Continue reading Apple teams up with Volkswagen to make a fleet of self-driving passenger vans (AAPL)