Byton teases its second “experience-driven” vehicle

Byton Byton wowed us at CES back in January with its first autonomous EV concept car, a smart SUV built for passenger comfort. At the Beijing Motor Show, the company teased its second vehicle concept, an electric sedan slated to go into series production in 2021. Byton isn’t releasing details for the unnamed sedan until… Continue reading Byton teases its second “experience-driven” vehicle

Ride-hailing app Careem reveals data breach affecting 14 million people

Careem, the ride-hailing company based in Dubai, revealed today it was the victim of a cyber breach. Hackers accessed the names, email addresses, phone numbers and trip data of anyone who signed up for Careem prior to January 14. Careem said there’s no evidence the hackers accessed passwords or credit card information. While the breach… Continue reading Ride-hailing app Careem reveals data breach affecting 14 million people

IPO of 25 percent of the truck sector could bring in 6 billion euros: How the truck business to Volkswagens Mustersparte becomes

All articles and backgrounds 04/13/2018 IPO of 25 percent of the truck sector could bring in 6 billion euros How the truck business to Volkswagens Mustersparte becomes REUTERS VW truck boss Andreas Renschler So much is in motion in the Volkswagen Group. Several management posts, including the boss, are being retooled, the entire management structure… Continue reading IPO of 25 percent of the truck sector could bring in 6 billion euros: How the truck business to Volkswagens Mustersparte becomes

China’s Didi Chuxing launches its ride-hailing service in Mexico

China’s ride-sharing leader Didi Chuxing has continued its global march after it officially launched in Mexico, expanding its battle with Uber to a new front. The company raised $4 billion in December to expand overseas and it hasn’t held back on doing so this year. Hot on the heels of moves into Brazil, Taiwan and… Continue reading China’s Didi Chuxing launches its ride-hailing service in Mexico

NIO Capital Said Raising $500M Offshore Fund For Auto Investment

NIO Capital, a private equity fund established by Chinese electric car company NIO, is close to completing the first round of a US$500 million offshore fund that will invest in new automotive technologies, according to media reports. NIO Capital did not immediately respond to China Money Network’s email seeking for comment. The company is in… Continue reading NIO Capital Said Raising $500M Offshore Fund For Auto Investment

Groupe PSA and Huawei Unveil Their First Connected Vehicle

RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News: Groupe PSA (Paris:UG) has built its Connected Vehicle Modular Platform (CVMP) for its connected vehicles, using Huawei’s OceanConnect IoT1platform. DS 7 CROSSBACK, launched this month in China, is the first vehicle to benefit from the CVMP. Customers can access new services such as connected navigation, natural language2 voice recognition and a… Continue reading Groupe PSA and Huawei Unveil Their First Connected Vehicle

Nissan will implement its new ‘retail concept’ in more than 9,000 dealerships until 2022

Posted 04/23/2018 14: 46: 33CET In Spain, the firm has 29 renovated facilities and it is expected that this year one third of the total number of dealers in the national market will be reached YOKOHAMA (JAPAN), 23 Apr (EUROPA PRESS) – The automobile company Nissan will implement its new ‘retail concept’ in the more… Continue reading Nissan will implement its new ‘retail concept’ in more than 9,000 dealerships until 2022

Dana Unveils Comprehensive Strategy for Electrification in Construction, Off-Highway Markets

PARIS, April 23, 2018 /PRNewswire/ — Dana Incorporated (NYSE: DAN) today revealed new technologies in support of the rapidly evolving development of hybrid- and electric-powered construction and other off-highway vehicles at Intermat, the international exhibition for the civil engineering and structural building industries. Consistent with its approach in other vehicle markets, Dana’s strategy enables original-equipment manufacturers… Continue reading Dana Unveils Comprehensive Strategy for Electrification in Construction, Off-Highway Markets

Groupe PSA : COMMUNIQUE DE PRESSE

RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory news: Carlos Tavares, Président du Directoire du Groupe PSA (Paris:UG), et Michael Lohscheller, PDG d’Opel, ont tenu aujourd’hui un échange avec les Ministres Allemands, Peter Altmaier, Ministre Fédéral de l’Économie et de l’Énergie, et Hubertus Heil, Ministre Fédéral du Travail et des Affaires Sociales. Le dialogue s’est avéré ouvert et constructif exprimant… Continue reading Groupe PSA : COMMUNIQUE DE PRESSE

Groupe PSA: Press Release

RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News: Carlos Tavares, Chairman of Groupe PSA (Paris:UG) Managing Board, and Opel CEO Michael Lohscheller had today fruitful discussions with Peter Altmaier, German Federal Minister of Economic Affairs and Energy and Hubertus Heil, German Federal Minister of Labor and Social Affairs. The dialogue was open and constructive expressing shared desire to work… Continue reading Groupe PSA: Press Release