February 15, 2018 Kakao Mobility, the cab-hailing and transport services unit of South Korea’s mobile services giant Kakao, is acquiring local car pool startup Luxi for KRW25.2 billion ($23.3 million), the company said in a statement posted on its Korean website. Kakao said it wants to utilise Luxis carpool to complement Kakao Mobility taxi-hailing service,… Continue reading S Korea’s Kakao Mobility to acquire car pool startup Luxi for $23.3m
Tag: M and A
Broadcom Now Seeking Fewer of Qualcomm’s Board Seats
Photo Hock Tan, the chief executive of Broadcom, said his company’s decision to seek fewer seats on Qualcomm’s board was a bid to provide “continuity” after an eventual takeover. Credit Justin Lane/European Pressphoto Agency Broadcom moved the goal posts in its hostile takeover bid for Qualcomm, announcing on Tuesday that it was now seeking only… Continue reading Broadcom Now Seeking Fewer of Qualcomm’s Board Seats
Dyson’s debut EV might not showcase its next-gen battery tech
Engadget Though it had been rumored for some time prior, it was still somewhat surprising when Dyson formally revealed it was getting into the EV game. Even for a company that takes research and development to an excessive level to make some of the best vacuum cleaners (and more recently, hairdryers) around, a car is… Continue reading Dyson’s debut EV might not showcase its next-gen battery tech
Ineos is teaming up with a Mercedes-Benz subsidiary on its new “spiritual successor” to the Land Rover Defender
Jim Ratcliffe’s Ineos announced today it has brought German firm MBtech on board for work on its planned “spiritual successor” to the Land Rover Defender. MBtech, a subsidiary of Mercedes-Benz, will become Ineos Automotive’s engineering partner on Projekt Grenadier – the development of an “uncompromising 4×4” – and oversee all developments of the new vehicle.… Continue reading Ineos is teaming up with a Mercedes-Benz subsidiary on its new “spiritual successor” to the Land Rover Defender
New takeover in the BMW network!
Patrick Metz sells his entire business to the Savy Group headed by Régis Harduin. This is a new concentration operation in the network of the German brand … After having sold the Viriat (01) BMW-Mini dealership to the Pautric group at the end of last year, Patrick Metz is now selling its entire entity. Indeed,… Continue reading New takeover in the BMW network!
Swinburne kick-starts $1.2 million automatic 3D printed car repair service
Swinburne University of Technology in Melbourne is to spearhead the development of an automated, 3D printed repair service for cars with the Australian, not-for-profit Innovative Manufacturing Cooperative Research Centre (IMCRC) and industrial automation firm Tradiebot Industries. Funded by a sum of $1,264,695 AUD (approx. $994 thousand USD), project ‘Repair Bot’ will run through 2019. The goal,… Continue reading Swinburne kick-starts $1.2 million automatic 3D printed car repair service
Faraday Future teases new electric vehicles after FF91 program has been stalling
Despite its production plan for the all-electric SUV FF91 falling apart over the last year, Faraday Future claims that it can still bring the vehicle into production by the end of the year. The company appears so confident that it now even teases future vehicles this week. Home Solar Power FF announced plans to build… Continue reading Faraday Future teases new electric vehicles after FF91 program has been stalling
DiDi & SoftBank for Platform
In Japan, the travel service provider and the IT specialist SoftBank want to launch a platform for taxi services. Recently had the Fahrdienstleister DiDi Chuxing announced a cooperation with the Renault-Nissan-Mitsubishi Alliance, now followed by another with the Japanese company Softbank, Taxis Japan. Source: didichuxing Together we want to offer a taxi platform on which… Continue reading DiDi & SoftBank for Platform
Panasonic and Trend Micro Agree to Develop Cyber Security Solution for Connected Cars
Panasonic Corporation and Trend Micro Incorporated, today announced a partnership to jointly develop cyber security solution to detect and prevent cyber-attacks against autonomous and connected cars. The partnership aims to achieve high security of autonomous and connected cars by developing solution to detect and prevent intrusions into Electronic Control Units (ECUs)*1 that control driving behavior… Continue reading Panasonic and Trend Micro Agree to Develop Cyber Security Solution for Connected Cars
Ford Passenger and Commercial Vehicle Sales Up, Remains Europe’s No. 1 Commercial Vehicle Brand
About Ford Motor Company Ford Motor Company is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles, provides financial services through Ford Motor Credit Company and is pursuing leadership positions in electrification, autonomous vehicles and mobility… Continue reading Ford Passenger and Commercial Vehicle Sales Up, Remains Europe’s No. 1 Commercial Vehicle Brand