Wang Xing, CEO of Chinese group-buying and location-based services firm Meituan Dianping, has confirmed Meituan’s acquisition of bike sharing firm Mobike in an internal letter reported by local media. China Money Network yesterday reported Meituan was in talks to buy Mobike for US$3.7 billion, including the assumption of debt of US$1 billion. Meituan did not… Continue reading Meituan Confirms $3.7B Mobike Acquisition To Strengthen Its Mobility Offerings
Tag: Mobility
China Digest: Smart trucks JV formed; BitKan, Ainemo raise funds
April 4, 2018 In multiple developments in China, three firms have teamed up to form a joint venture that will develop smart trucks while startups BitKan and Ainemo have raised millions of dollars in their latest funding rounds. GLP teams up with G7, NIO Capital for smart trucks JV Industrial logistics provider GLP has teamed… Continue reading China Digest: Smart trucks JV formed; BitKan, Ainemo raise funds
BMW Subscription Pilot Puts You in a Top Tier Car for $3,700 a Month
BMW AG’s new U.S. subscription pilot will put drivers into the brand’s top performance cars for as much as $3,700 a month as the German automaker tests a new ownership model with its most exclusive customers. The app-based service — which begins in Nashville, Tennessee, this week — provides members with unlimited access to a… Continue reading BMW Subscription Pilot Puts You in a Top Tier Car for $3,700 a Month
Japanese liability rules for partial autonomous driving
In Japan, one wants to adopt a law to introduce autonomous driving, including the liability issue. In Germany There is already a law, although the technology is not yet approved. In Japan you want to follow suit. Japan autonomous driving technique. Source: asia.nikkei.com The big question arises in terms of liability, So if it comes… Continue reading Japanese liability rules for partial autonomous driving
Groupe PSA: Investment in Luton Plant to Produce a Brand New Opel/Vauxhall Vivaro by 2019
RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News: As the European LCV market leader, Groupe PSA (Paris:UG) intends to strengthen its market share in this segment in Europe and accelerate its development in the other regions. The increase in manufacturing capacity in the compact vans segment will supply our customers from the Luton plant by 2019 in addition to… Continue reading Groupe PSA: Investment in Luton Plant to Produce a Brand New Opel/Vauxhall Vivaro by 2019
Porsche invests in the ‘startup’ Anagogo, specialized in the development of artificial intelligence
Posted 04/04/2018 13: 35: 28CET STUTTGART (GERMANY), 4 Apr (EUROPA PRESS) – The manufacturer of premium vehicles Porsche has acquired a minority stake in the Israeli startup Anagog, specializing in the development of artificial intelligence in the field of mobility and with about 30 employees, the company said in a statement. As Porsche explains, the… Continue reading Porsche invests in the ‘startup’ Anagogo, specialized in the development of artificial intelligence
Another cheap new Uber rival called ViaVan just launched in London
ViaVan ViaVan is a cheap new rival to Uber in London. It lets passengers summon a shared ride through an app, but unlike Uber it doesn’t offer individual rides. The idea is to reduce congestion and give people an alternative to public transport and Uber. ViaVan launches around six months after its two rivals, Taxify… Continue reading Another cheap new Uber rival called ViaVan just launched in London
(2nd LD) Elliott holds over $1 bln stake in Hyundai Motor Group affiliates
(ATTN: ADDS details throughout) SEOUL, April 4 (Yonhap) — Elliott Advisors Ltd., a unit of U.S. activist hedge fund Elliott Management Corp., said Wednesday it has acquired more than US$1 billion worth of stocks in three major affiliates of Hyundai Motor Group, and asked for more efforts to improve corporate governance by the group. The… Continue reading (2nd LD) Elliott holds over $1 bln stake in Hyundai Motor Group affiliates
(LEAD) Elliott holds over $1 bln stake in Hyundai Motor Group affiliates
(ATTN: ADDS Hyundai’s response in 4th para) SEOUL, April 4 (Yonhap) — Elliott Advisors Ltd., a unit of U.S. activist hedge fund Elliott Management Corp., said Wednesday it has acquired more than US$1 billion worth of stocks in three major affiliates of Hyundai Motor Group, and asked for more efforts to improve corporate governance by… Continue reading (LEAD) Elliott holds over $1 bln stake in Hyundai Motor Group affiliates
Mercedes’ ridesharing ViaVan service comes to London
Daimler Add another company to the list of transportation services filling Uber’s London-sized void. Mercedes-Benz and Via have launched their jointly owned ViaVan service in Zones 1 and 2 of the city, giving Londoners a “ride-pooling” option that bridges the gap between plain ridesharing and mass transit. The allure, as you might guess, stems from… Continue reading Mercedes’ ridesharing ViaVan service comes to London