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
Tag: Mobility
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)
UPDATE 3-Uber shuts Arizona self-driving program two months after fatal crash
SAN FRANCISCO (Reuters) – Uber has shut down its self-driving car operation in Arizona two months after a fatal crash involving one of its vehicles, the company said on Wednesday. Uber Technologies Inc [UBER.UL] is not shuttering its entire autonomous vehicle program and will focus on limited testing in Pittsburgh, Pennsylvania, and two cities in… Continue reading UPDATE 3-Uber shuts Arizona self-driving program two months after fatal crash
Carlos Ghosn on ‘Mobility Reimagined’ during STYT Bloomberg’s conference
Business and technology leaders share insights into the transformations poised to reshape the future PARIS – Bloomberg’s Sooner Than You Think (STYT) conference convenes business and technology leaders to share vital insights into the tech trends and transformations that are poised to reshape the future. During that event, Carlos Ghosn, Renault-Nissan-Mitsubishi chairman and chief executive… Continue reading Carlos Ghosn on ‘Mobility Reimagined’ during STYT Bloomberg’s conference
Uber saw strong revenue growth in Q1 as it moved past a controversy-filled year
Uber cut its losses almost in half and its ride bookings jumped 51 percent since one year ago, the Silicon Valley ride-services firm said on Wednesday, showing that months of scandal and retreating from overseas markets has not slowed its business. Uber Technologies Inc also reported a one-time gain of $2.5 billion, income that came… Continue reading Uber saw strong revenue growth in Q1 as it moved past a controversy-filled year
Uber’s raising up to $600M in a secondary round at $62B valuation, Q1 sales grew to $2.5B
Uber’s CEO is in Paris this week meeting with the French president to talk tech in Europe and expanding its insurance coverage in the region, but back in the US the company is moving ahead on another kind of expansion. TechCrunch has learned and confirmed that Uber is raising another secondary round of funding of up… Continue reading Uber’s raising up to $600M in a secondary round at $62B valuation, Q1 sales grew to $2.5B
Superpedestrian Scoops Up $16.5M, Enters Bike-Sharing Frenzy
Bike sharing is the new ride hailing. Similar to what has played out with Uber, Lyft, Didi Chuxing, and other private car-hailing app companies, investors are pumping hundreds of millions of dollars into bike-sharing startups around the world racing to be the leading operator of fleets of bicycles that people can rent on demand. The… Continue reading Superpedestrian Scoops Up $16.5M, Enters Bike-Sharing Frenzy