Fiat Chrysler participates in Alliance for Robot Cars

Fiat Chrysler is the first manufacturer to join the BMW Alliance for self-driving cars. This is growing the alliance against powerful IT rivals from the Silicon Valley. Fiat Chrysler boss Sergio Marchionne Wednesday, 16.08.2017 13:26 clock Fiat Chrysler wants to work with you in the future BMW and the US chip specialist Intel Assistance Systems… Continue reading Fiat Chrysler participates in Alliance for Robot Cars

TriLumina Appoints John B. Kennedy as Chief Financial Officer

December 17, 2016 December 17, 2016, Albuquerque, NM – TriLumina (http://www.trilumina.com) today announced the appointment of John B. Kennedy as its Chief Financial Officer.  The addition of John to the TriLumina team completes the C-Level leadership team by adding an experienced finance executive. John Kennedy has over 25 years of diversified experience in the areas of finance… Continue reading TriLumina Appoints John B. Kennedy as Chief Financial Officer

TriLumina appoints Brian Wong as President and Chief Executive Officer

November 16, 2016 Albuquerque NM (PRWEB) November 16, 2016 — TriLumina a leading developer of semiconductor laser illuminators for solid-state LiDAR systems that enable autonomous vehicles and new automotive safety systems, announced that Brian Wong has been named as the company’s new President and Chief Executive Officer and as a member of the board of directors. Mr. Wong is an… Continue reading TriLumina appoints Brian Wong as President and Chief Executive Officer

Didi-Backed Bike Sharing Start-Up Ofo Expands To 22 Cities In China

Beijing-based bike sharing firm ofo, which raised US$130 million venture funding last month following a capital injection from Didi Chuxing, has expanded its operations to 22 cities in China and increased total bike count to 160,000. Mobike, backed by Hillhouse Capital, Warburg Pincus and others, entered its fifth city yesterday. Both companies are racing to… Continue reading Didi-Backed Bike Sharing Start-Up Ofo Expands To 22 Cities In China

New Chinese Bike Sharing Start-Up Raises $22M To Compete In Heated Market

After two Chinese bike sharing start-ups Ofo and Mobike raised a combined US$230 million in October, a third bike sharing company is joining the battleground. An investment unit of Shenzhen-listed chemicals and trading company Jiangsu Huaxicun Co., Ltd. has led a RMB150 million (US$22 million) series A funding round in Ubike, a new comer to… Continue reading New Chinese Bike Sharing Start-Up Raises $22M To Compete In Heated Market

Panasonic to Partner with Colorado Department of Transportation to Deliver Integrated Connected Vehicle Platform

Joint program targets I-70 Mountain Corridor to Optimize Driver Safety, Roadway Efficiency [embedded content] Denver, Colorado, U.S. – On October 26, 2016, Panasonic, a global leader in smart and sustainable automotive and infrastructure technology solutions, announced that it would partner with the Colorado Department of Transportation (CDOT) to build a connected transportation program in which… Continue reading Panasonic to Partner with Colorado Department of Transportation to Deliver Integrated Connected Vehicle Platform

Didi-Backed ofo Secures $130M Series C As Bike-Sharing Battle Leads To Predictable Ending

A week after bike sharing firm Mobike announced an over US$100 million fundraising, Beijing-based rival ofo said it had secured US$130 million series C financing round led by CITIC Private Equity, Coatue Management and Xiaomi Inc. The drama seems all too familiar: Two companies engaged in competitive fundraising, while trying to outbid each other on… Continue reading Didi-Backed ofo Secures $130M Series C As Bike-Sharing Battle Leads To Predictable Ending

Taxify Launches in 3 Countries in August

Taxify Launches in 3 Countries in August You can now request a reliable ride in Hungary, Romania and Kenya. Taxify is available in Budapest, Hungary since Friday, August 19th. Budapest, Hungary The local market is heavily regulated — all app companies need to own a taxi operator license, the cars need to look the same and charge prices set by… Continue reading Taxify Launches in 3 Countries in August

Didi And Uber China Ink Landmark Deal To Merge Operations In China

In a landmark deal, Chinese ride share giant Didi Chuxing has agreed to acquire all assets of Uber China, including its brand, business operations and data for operation within China, according to a company announcement. In exchange for the Uber China assets, Uber will receive 5.89% of the combined company with preferred equity interest which… Continue reading Didi And Uber China Ink Landmark Deal To Merge Operations In China

TI Automotive Opens New Manufacturing Facility In Monterrey, Mexico

AUBURN HILLS, Mich. (April 13, 2016) — TI Automotive, a leading global supplier of automotive fluid systems technology, has opened a new manufacturing facility in Monterrey, Mexico. The new, 53,000 square-foot facility will produce fluid carrying systems for the new Hyundai/ Kia manufacturing facility located nearby. TI Automotive is expected to employ around 100 people… Continue reading TI Automotive Opens New Manufacturing Facility In Monterrey, Mexico