After Beepi shut down its service and transferred its operations to stealth Fair.com, its closest competitor Shift is facing some downsizing, too — a measure of the challenges of the peer-to-peer car selling business model that both had been trying to establish. TechCrunch has learned and confirmed that Shift has laid off just under 10 percent of… Continue reading P2P car marketplace Shift pauses DC operations, lays off 10% of staff
Tag: Strategy
Electric car startup spun out of Faraday Future ‘EVelozcity’ claims to have raised $1 billion
We first revealed the existence of Evelozcity, an electric vehicle startup founded by former Faraday Future (FF) executives, a few months ago and it might already be a $1 billion company. The startup now claims to have raised ~$1 billion to bring its electric vehicles to market. Home Solar Power As we previously reported, Stefan Krause, former… Continue reading Electric car startup spun out of Faraday Future ‘EVelozcity’ claims to have raised $1 billion
Grab and Chubb sign partnership to provide innovative in-app insurance solutions throughout Southeast Asia
SINGAPORE, March 13, 2018 /PRNewswire/ — Grab, the leading on-demand transportation and fintech platform in Southeast Asia, has announced a partnership with Chubb, the world’s largest publicly traded property and casualty insurance company, to offer insurance solutions for Grab’s driver-partners. Using the Grab app, drivers will be able to select different insurance options to protect their… Continue reading Grab and Chubb sign partnership to provide innovative in-app insurance solutions throughout Southeast Asia
SHAPING THE FUTURE OF MOBILITY IN THE SILICON VALLEY
Reinforcing our innovation ecosystem is one of our top 2018 priorities following the January launch of our new TechCenter in Silicon Valley. We’re excited to be at the heart of open collaboration that’s connecting the automotive industry to start-ups, universities and tech entrepreneurs to explore the car of the future. To highlight this, we opened… Continue reading SHAPING THE FUTURE OF MOBILITY IN THE SILICON VALLEY
Dongfeng Peugeot-Citroen sales stall on brand confusion
Following a series of management reshuffles and a slow start in the world’s largest market, Dongfeng Peugeot-Citroen Automobile’s sales in China barely made it past the half-way mark of their 2017 target, resulting in substantial losses for the joint venture carmaker. Dongfeng Peugeot-Citroen saw a loss of 30 billion euros ($36.94 billion) last year, despite… Continue reading Dongfeng Peugeot-Citroen sales stall on brand confusion
China’s WM Motor Open to U.S. IPO, Shrugging Off Trade Tensions
China’s WM Motor Technology Co., set to take on Tesla Inc. with an electric SUV going on sale this year, is open to holding an initial public offering in the U.S. as its founder shrugs off a potential trade war between the world’s two biggest economies. The company has a team looking into proposals for… Continue reading China’s WM Motor Open to U.S. IPO, Shrugging Off Trade Tensions
Diesel: the solidarity of German manufacturers is cracking
Matthias Müller detonates more and more against other German champions: the leader of Volkswagen declared open last week to the introduction in Germany of a blue sticker, so far flatly rejected by the industry for which the This is tantamount to banning de facto millions of diesel vehicles from the most polluted cities in the… Continue reading Diesel: the solidarity of German manufacturers is cracking
Toyota Connected North America Partners with Avis Budget Group to Enhance Customer Rental Experience
Toyota Connected North America, the global technology strategy business unit for Toyota, today announced a multi-year partnership with Avis Budget Group, a leading global provider of mobility solutions, that will add 10,000 Toyota vehicles to Avis Car Rental’s expanding fleet of connected cars. Avis Budget Group will utilize Toyota’s proprietary Mobility Services Platform (MSPF) to… Continue reading Toyota Connected North America Partners with Avis Budget Group to Enhance Customer Rental Experience
INVECAS, Molex collaborate on automotive infotainment media module
Molex and INVECAS announced a joint collaboration to develop an Automotive Infotainment Media Module for intelligent vehicles. The new module was officially launched and featured in Molex demonstrations at the Consumer Electronics Show. “Infotainment plays an important role for car buyers and OEMs that are seeking ways to differentiate vehicle designs. Packaging more functionality into a… Continue reading INVECAS, Molex collaborate on automotive infotainment media module
Union urges Ford to convert UK diesel plants to build electric cars
A leading trade union has urged Ford to adapt two of its key engine manufacturing plants to make batteries and components for electric vehicles. The call comes after diesel sales fell by 17 per cent in 2017, while Jaguar Land Rover – which currently builds some of its engines at Ford’s Bridgend plant – plans… Continue reading Union urges Ford to convert UK diesel plants to build electric cars