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
Tag: Strategy
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
Opel: IG Metall warning to Tavares
A year after the announcement of Opel’s purchase of General Motors by PSA, the French group’s management is negotiating with the works council of its new German subsidiary. Its goal is to reduce costs and bring the brand back to the brink. A risky gamble after years of accumulated deficit under the GM era. Discussions… Continue reading Opel: IG Metall warning to Tavares
Groupe PSA Will Assemble OPEL and PEUGEOT Vehicles in Namibia in 2018
RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News: Groupe PSA (Paris:UG) and the Namibian government have signed an investment agreement facilitating the joint-venture agreement between Groupe PSA and Namibia Development Corporation (NDC) to assemble OPEL and PEUGEOT vehicles in Walvis Bay. Assembly will start in H2 2018 with an annual targeted volume of 5,000 units by 2020 to meet… Continue reading Groupe PSA Will Assemble OPEL and PEUGEOT Vehicles in Namibia in 2018
Update: Bird has raised $100 million to become the Uber of electric scooters
Update: Bird confirmed our reporting with an announcement of the close of the round. Index Ventures and Valor Ventures led the funding. “It feels like investing in Uber when it first launched.” That’s what one investor said of the hot new Santa Monica, Calif.-based startup, Bird — an electric scooter company that’s now in the… Continue reading Update: Bird has raised $100 million to become the Uber of electric scooters
GKN Seals $6.1 Billion Dana Autos Deal to Fend Off Melrose
U.K. engineer GKN Plc agreed to sell its automotive unit to U.S.-based Dana Inc. in a $6.1 billion transaction aimed at repelling a hostile takeover from investment group Melrose Industries Plc. GKN shareholders would get stock in the new group valued at $3.5 billion, plus $1.6 billion of cash, and Dana would assume $1 billion… Continue reading GKN Seals $6.1 Billion Dana Autos Deal to Fend Off Melrose
Aston Martin’s Mid-Engine Car Will Likely Have a Bespoke Engine, Might Have Manual Gearbox
Aston Martin CEO Andy Palmer is one of the good ones. He’s not just another talking head spouting the company line in rehearsed statements. He says more of substance than most CEOs, and he’s intensely interesting and opinionated. He also doesn’t hold back when it comes to information on the future of where the brand… Continue reading Aston Martin’s Mid-Engine Car Will Likely Have a Bespoke Engine, Might Have Manual Gearbox
Bird is raising $100 million to become the Uber of electric scooters
“It feels like investing in Uber when it first launched.” That’s what one investor said of the hot new Santa Monica, Calif.-based startup, Bird — an electric scooter company that’s now in the process of raising as much as $100 million on a $300 million valuation, according to several people with knowledge of the company’s… Continue reading Bird is raising $100 million to become the Uber of electric scooters
Eight out of 10 Latin Americans open to buying an electric vehicle
SAO PAULO – Eight out of 10 Latin Americans are willing to buy an electric vehicle, according to a study commissioned by Nissan. With the proper measures, Latin America has opportunities to speed up the adoption of electric and autonomous vehicles, according to the study by C230, a consultant branch of the think tank Fundacion… Continue reading Eight out of 10 Latin Americans open to buying an electric vehicle