March 28, 2018 Middle East ride-hailing app Careem is in early talks to raise as much as $500 million in new funds from investors, sources told Reuters. Careem, Uber’s rival in the region, is checking the appetite of potential investors and hopes to secure its targeted $500 million in a new funding series, three sources… Continue reading Uber Middle-East rival Careem in early talks to raise $500m in fresh funding
Tag: M and A
Nissan to begin Datsun production in Pakistan
Agreement will create more than 1,800 jobs; partner will invest 4.5 billion PKR over 4 years KARACHI, Pakistan (March 28, 2018) – Nissan Motor Co., Ltd. is entering the Pakistan market through a manufacturing and licensing agreement with automotive partner Ghandhara Nissan Ltd. for local production of Datsun models. The agreement also covers distribution, providing… Continue reading Nissan to begin Datsun production in Pakistan
(2nd LD) Hyundai Motor to streamline governance structure
(ATTN: ADDS details throughout) SEOUL, March 28 (Yonhap) — Hyundai Motor Group, South Korea’s biggest automotive conglomerate, said Wednesday it will streamline its overall governance structure through business spinoffs and mergers between related businesses. The business group said it is planning to spin off the module manufacturing and after-sales parts business of auto parts maker… Continue reading (2nd LD) Hyundai Motor to streamline governance structure
(LEAD) Hyundai Motor to streamline governance structure
(ATTN: ADDS details throughout) SEOUL, March 28 (Yonhap) — Hyundai Motor Group, South Korea’s biggest automotive conglomerate, said Wednesday it will streamline its overall governance structure through business spinoffs and mergers between related businesses. The business group said it is planning to spin off the module manufacturing and after-sales parts business of auto parts maker… Continue reading (LEAD) Hyundai Motor to streamline governance structure
Marvell partners Nvidia to provide OEMs with secure autonomous platform
Marvell’s automotive Ethernet switch integration in Nvidia Drive Pegasus Platform for Level 5 autonomy. US-based storage technology company, Marvell has announced that its 88Q5050 secure automotive Ethernet switch is integrated into the Nvidia’s ‘Drive Pegasus’ platform for autonomous vehicles, which it claims is the first commercially available solution with embedded security built into the core.… Continue reading Marvell partners Nvidia to provide OEMs with secure autonomous platform
Cepton launches the new cost-effective VISTA lidar
A new low-power, long-range, high-resolution, and small-size lidar sensor is in the works by Cepton Technologies: the Vista lidar. Since its inception in 2016, Cepton has been working on providing low-cost & high-performance solutions for automotive, industrial, and mapping applications. Last year, the company showed its intent to be the only company in the industry… Continue reading Cepton launches the new cost-effective VISTA lidar
26/2018, IG Metall and BDH call for a long-term strategy for the restructuring of the heating market
Future memorandum shows ways to reduce energy consumption Frankfurt am Main / Berlin – According to the Federal Association of the German Heating Industry (BDH) and the IG Metall, the heating market and its employees have a decisive role to play in achieving the climate goals. In a joint memorandum for the future, the two… Continue reading 26/2018,
IG Metall and BDH call for a long-term strategy for the restructuring of the heating market
UPDATE 3-Waymo steps toward a more diverse robo-taxi fleet with Jaguar deal
NEW YORK (Reuters) – Waymo will include up to 20,000 Jaguar I-PACE electric vehicles in its upcoming autonomous fleet as part of a long-term partnership between Alphabet Inc’s self-driving unit and Jaguar Land Rover Automotive Plc, the two companies said on Tuesday. A Jaguar I-PACE self-driving car is pictured during its unveiling by Waymo in… Continue reading UPDATE 3-Waymo steps toward a more diverse robo-taxi fleet with Jaguar deal
UPDATE 2-Waymo to use Jaguar I-PACE electric vehicles in robotaxi program
NEW YORK (Reuters) – Waymo will include up to 20,000 Jaguar I-PACE electric vehicles in its upcoming autonomous fleet as part of a long-term partnership between Alphabet Inc’s self-driving unit and Jaguar Land Rover Automotive Plc , the two companies said on Tuesday. A Jaguar I-PACE self-driving car is pictured during its unveiling by Waymo… Continue reading UPDATE 2-Waymo to use Jaguar I-PACE electric vehicles in robotaxi program
WAYMO AND JAGUAR LAND ROVER ANNOUNCE LONG-TERM PARTNERSHIP, BEGINNING WITH SELF-DRIVING JAGUAR I-PACE
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