M and A – Page 9336 – I wish I had more to offer

French ride-hailing app Kapten names new CEO as co-founders step down

PARIS (Reuters) – French ride-hailing app Kapten, one of many such firms looking to take on the likes of Uber, named Sebastien Oebel as its new chief executive and added that its co-founders would be stepping down from the company. Yan Hascoet founded Kapten, which was initially known as Chauffeur Prive, back in 2011 along… Continue reading French ride-hailing app Kapten names new CEO as co-founders step down

Volvo Cars reports 12.4 per cent sales growth in May

Volvo Cars posted strong sales in May, with volumes up 12.4 per cent compared with the same period last year. The company sold 60,196 cars during the month, as China, Europe and the US all reported a growth in sales compared with the same period last year. The double digit volume growth… Continue reading Volvo Cars reports 12.4 per cent sales growth in May

VW initiates IPO of truck subsidiary Traton

‘,e.appendChild(e.resizeSensor),e.resizeSensor.offsetParent!==e&&(e.style.position=”relative”);var r,s,d,a,l=e.resizeSensor.childNodes[0],c=l.childNodes[0],u=e.resizeSensor.childNodes[1],h=e.offsetWidth,f=e.offsetHeight,m=function(){c.style.width=”100000px”,c.style.height=”100000px”,l.scrollLeft=1e5,l.scrollTop=1e5,u.scrollLeft=1e5,u.scrollTop=1e5};m();var p=function(){s=0,r&&(h=d,f=a,e.resizedAttached&&e.resizedAttached.call())},v=function(){d=e.offsetWidth,a=e.offsetHeight,(r=d!=h||a!=f)&&!s&&(s=t(p)),m()},y=function(e,t,n){e.attachEvent?e.attachEvent(“on”+t,n):e.addEventListener(t,n)};y(l,”scroll”,v),y(u,”scroll”,v)}}(e,o)}),this.detach=function(e){n.detach(i,e)}};return n.detach=function(t,n){e(t,function(e){e&&(e.resizedAttached&&”function”==typeof n&&(e.resizedAttached.remove(n),e.resizedAttached.length())||e.resizeSensor&&(e.contains(e.resizeSensor)&&e.removeChild(e.resizeSensor),delete e.resizeSensor,delete e.resizedAttached))})},n}),function(e,t){“function”==typeof define&&define.amd?define([“./ResizeSensor.js”],t):”object”==typeof exports?module.exports=t(require(“./ResizeSensor.js”)):(e.ElementQueries=t(e.ResizeSensor),e.ElementQueries.listen())}(“undefined”!=typeof window?window:this,function(e){var t=function(){function n(e){e||(e=document.documentElement);var t=window.getComputedStyle(e,null).fontSize;return parseFloat(t)||16}function i(e,t){var i=t.split(/d/),o=i[i.length-1];switch(t=parseFloat(t),o){case”px”:return t;case”em”:return t*n(e);case”rem”:return t*n();case”vw”:return t*document.documentElement.clientWidth/100;case”vh”:return t*document.documentElement.clientHeight/100;case”vmin”:case”vmax”:var r=document.documentElement.clientWidth/100,s=document.documentElement.clientHeight/100;return t*(0,Math[“vmin”===o?”min”:”max”])(r,s);default:return t}}function o(t,n){t.elementQueriesSetupInformation?t.elementQueriesSetupInformation.addOption(n):(t.elementQueriesSetupInformation=new function(e){this.element=e,this.options={};var t,n,o,r,s,d,a,l=0,c=0;this.addOption=function(e){var t=[e.mode,e.property,e.value].join(“,”);this.options[t]=e};var u=[“min-width”,”min-height”,”max-width”,”max-height”];this.call=function(){for(t in l=this.element.offsetWidth,c=this.element.offsetHeight,s={},this.options)this.options.hasOwnProperty(t)&&(n=this.options[t],o=i(this.element,n.value),r=”width”==n.property?l:c,a=n.mode+”-“+n.property,d=””,”min”!=n.mode||o>r||(d+=n.value),”max”!=n.mode||r>o||(d+=n.value),s[a]||(s[a]=””),d&&-1===(” “+s[a]+” “).indexOf(” “+d+” “)&&(s[a]+=” “+d));for(var e in u)u.hasOwnProperty(e)&&(s[u[e]]?this.element.setAttribute(u[e],s[u[e]].substr(1)):this.element.removeAttribute(u[e]))}}(t),t.elementQueriesSetupInformation.addOption(n),t.elementQueriesSensor=new e(t,function(){t.elementQueriesSetupInformation.call()})),t.elementQueriesSetupInformation.call(),l&&c.indexOf(t)o[e].minWidth&&(n=e);if(n||(n=s),d!=n)if(a[n])i[d].style.display=”none”,i[n].style.display=”block”,d=n;else{var l=new Image;l.onload=function(){i[n].src=r[n],i[d].style.display=”none”,i[n].style.display=”block”,a[n]=!0,d=n},l.src=r[n]}else i[n].src=r[n]}var i=[],o=[],r=[],s=0,d=-1,a=[];for(var u in t.children)if(t.children.hasOwnProperty(u)&&t.children[u].tagName&&”img”===t.children[u].tagName.toLowerCase()){i.push(t.children[u]);var h=t.children[u].getAttribute(“min-width”)||t.children[u].getAttribute(“data-min-width”),f=t.children[u].getAttribute(“data-src”)||t.children[u].getAttribute(“url”);r.push(f);var m={minWidth:h};o.push(m),h?t.children[u].style.display=”none”:(s=i.length-1,t.children[u].style.display=”block”)}d=s,t.resizeSensor=new e(t,n),n(),l&&c.push(t)}function d(e){var t,n,i,o,r,s;for(e=e.replace(/’/g,’”‘);null!==(t=h.exec(e));)for(n=t[1]+t[3],attrs=t[2];null!==(attrMatch=f.exec(attrs));)i=n,o=attrMatch[1],r=attrMatch[2],s=attrMatch[3],void 0===u[o]&&(u[o]={}),void 0===u[o][r]&&(u[o][r]={}),void 0===u[o][r][s]?u[o][r][s]=i:u[o][r][s]+=”,”+i}function… Continue reading VW initiates IPO of truck subsidiary Traton

TomTom Collaborates on Innovative Road Safety Initiative

AMSTERDAM–(BUSINESS WIRE)–Location technology specialist, TomTom (TOM2), today announced that it is collaborating with the EU Data Task Force (DTF) on a proof of concept to improve road safety by sharing vehicle and infrastructure data between countries and manufacturers. Using the latest technologies, vehicles can detect and warn occupants about dangerous road conditions — for example, when roads… Continue reading TomTom Collaborates on Innovative Road Safety Initiative

Bus passengers in Finland will have a chance to reduce the carbon footprint of their bus trips with new Green Travel service

ESPOO, 15-May-2019 — /EuropaWire/ — Bus operator Savonlinja is partnering with Neste to introduce lower-emission traveling solution to its customers. Starting from mid-May 2019, the bus service will include a Green Travel surcharge on the normal bus ticket price, which will be up to the customer to decide on its exact amount.

Savonlinja will reduce its greenhouse gas emissions by fueling its buses with Neste MY Renewable Diesel™ by using the money the company will collect from the Green Travel service. Neste MY Renewable Diesel™ is produced entirely from waste and residues.

Furthermore, Savonlinja, as part of the cooperation, will double the amount of money its customers pay for Green Travel service and will use these funds to cut down greenhouse gas emissions by refueling with Neste MY Renewable Diesel.

Under this kind of arrangement, which is the first of its kind in Finland, the customers will contribute to the reduction of their bus ride’s greenhouse gas emissions by an average of 90% compared to fossil diesel.

All Savonlinja’s long-distance passengers will be offered the new Green Travel service. It can be purchased for regular long-distance tickets via the mobile application “Linjalla” and at the Savonlinja online store. Customers will be given the option to decide on the price of the Green Travel themselves as the minimum amount for the service is set to one euro. The low-emission option will also be available to the customers for charter bus services.

Commenting on the Savonlinja / Neste partnership, Tuomas Kulola, Head of Sales, Marketing & Services at Neste, said:

“Climate change does not wait and solutions are needed right here and now. The key to fighting climate change is introducing innovations of all sizes to help bring about a more sustainable future. Developed in collaboration with Savonlinja, Green Travel is a good example of how important partnerships are to creating effective solutions. We are very proud to collaborate with Savonlinja on offering consumers the opportunity to reduce the carbon footprint of their bus trips.”

Harri Leskinen, Savonlinja’s Chief Business Officer, comments:

“Customers have told us that they would like to have more climate and environmentally friendly transport options. Green Travel is the answer to this. Our long-term goal is to be able to use only renewable fuel in our entire fleet.”

Produced entirely out of waste and residues, Neste MY Renewable Diesel reduces vehicle emissions. The MY Renewable Diesel has been available on the market in Finland since 2017 as its performance matches the best fossil-based diesels on the market. According to Neste, approximately one-fifth of consumers in Finland already use Neste MY Renewable Diesel when it is available at their local gas station. Nearly 50 filling stations throughout Finland are currently offering the Neste MY Renewable Diesel. The fuel can be used without any modifications to the vehicle’s engine and is compatible with all diesel engines.

Media contacts:
Neste Corporation
Kaisa Lipponen
Director of Corporate Communications

Tuomas Kulola
Head of Sales, Marketing & Services, Neste Corporation
+358 50 458 4481
tuomas.kulola(at)neste.com

SOURCE: Neste

MORE ON NESTE, NESTE MY RENEWABLE DIESEL, RENEWABLE FUEL, ETC.:
Neste launches Neste MY Renewable Diesel to the Swedish transport marketChevron Lummus Global and Neste Engineering Solutions partner on NAPCON operator training simulators for residue hydrocracking technologiesNeste: US EPA’s 2020 renewable volume final rule increases requirements for biomass-based diesel from the 2019 standard by 330 million gallons for 2020Neste to drive successful execution of its global growth strategy in renewable products with new organizational structureNeste explores ways to introduce liquefied waste plastic as a future raw material for fossil refiningNeste and Clariant partner in developing and making new sustainable material solutions accessible to a variety of industriesCalifornian transportation company Ecology cuts greenhouse gas emissions by up to 80% and reduces tailpipe emissions with Neste MY Renewable DieselNeste on climate change discussion in Finland: transport-related emissions must be reduced immediatelyNeste MY Renewable Jet Fuel recognised for its contribution in reducing black carbon emissions

The city of Valladolid will deploy an intelligent mobility solution based on Kapsch’s EcoTrafiX™ software

VIENNA/MADRID, 27-May-2019 — /EuropaWire/ — Kapsch Group‘s Kapsch TrafficCom will implement an intelligent mobility solution in the city of Valladolid in Spain. It will help the city get one step closer to becoming a smart city. The new system will enable different transportation agencies to integrate easily their data and provide Valladolid’s citizens with a single information point on schedules or incidents across various means of transport.

As part of the deployment, the project will offer an integrated traffic control system, which includes parking management and public transport. Reliable information about the transport in the city will be made available to the citizens coming from a single source on the municipal website. In addition, message panels have been installed across the town to help travelers find valuable information.

The new system will be based on Kapsch’s EcoTrafiX™ software, which will allow users to plan their journeys more rationally and efficiently. Kapsch’s system will analyse data from the different public transport means in Valladolid in order to propose effective routes and organize traffic in real time. Furthermore, Kapsch’s system will optimize the mobility conditions of collective transport, will as well reduce traffic congestion in the city center, and thus will guarantee that people have access to mobility in the best conditions possible.

From Valladolid City Council’s perspective, the Kapsch’s system will work as a “system of systems”, which will also include event and incident management, asset management, data analysis, report generation, as well as the availability of data on the municipal website.

The current deployment is part of Valladolid City Council’s strategy originally launched back in 2015. Kapsch’s intelligent mobility solutions are deployed in many cities across Spain including Madrid, Malaga, Bilbao, Vitoria, Castellón, Donostia, La Coruña, Palencia and Huelva.

Kapsch TrafficCom is active in the fields of tolling, traffic management, smart urban mobility, traffic safety and security, and connected vehicles.

Kapsch TrafficCom provides end-to-end solutions covering the entire value creation chain of its customers, from components and design to the implementation and operation of systems. Kapsch TrafficCom’s mobility solutions help make road traffic safer and more reliable, efficient, and comfortable in urban areas and on highways alike while helping to reduce pollution.

The company is an internationally renowned provider of intelligent transportation systems thanks to the many projects it has brought to successful completion in more than 50 countries around the world. Kapsch TrafficCom is part of the Kapsch Group and has subsidiaries and branches in over 30 countries. It has been listed in the Prime Market of the Vienna Stock Exchange since 2007 (ticker symbol: KTCG). Currently Kapsch TrafficCom employs more than 5,200 people and in fiscal year 2017/18 its revenue was approximately EUR 693.3 million.

Media contacts:

Alf Netek
Chief Marketing Officer & Press Officer
Kapsch Aktiengesellschaft
Am Europlatz 2, 1120 Vienna, Austria
P +43 50 811 1700
alf.netek@kapsch.net

Alexandra Vieh
Head of Marketing and PR, Global
Kapsch TrafficCom AG
Am Europlatz 2, 1120 Vienna, Austria
P +43 50811 1728
alexandra.vieh@kapsch.net

SOURCE: Kapsch TrafficCom AG

MORE ON KAPSCH, MOBILITY, TRAFFIC MANAGEMENT, ETC.:
Kapsch TrafficCom to implement nationwide tolling system in Bulgaria for trucks over 3.5 tonsKapsch CarrierCom and MVM OVIT Zrt. equipped the Hungarian railway network with the GSM-R technologyKapsch unveils the future of transport ticketing at the American Public Transportation Association's (APTA) EXPO in AtlantaKapsch AG now part of Car2Car Communication Consortium to shape the future of car driving in EuropeKapsch CarrierCom will showcase at the International Union of Railways (UIC) in Paris, May 17 – 18Kapsch TrafficCom AG to acquire Schneider Electric's Transportation BusinessKapsch TrafficCom presents integrated multi-application solutions for intelligent transportation systems at ITS European Congress, June 6-9 in GlasgowAustrian railway telecommunication expert Kapsch CarrierCom to participate in European rail joint technology initiative SHIFT²RAILKapsch CarrierCom and Opanga Networks delivers and implements Software Enabled Network Densification solution for Hrvatski Telekom in CroatiaKapsch TrafficCom modernises Traveller Information System and mobile app in the Dallas-Fort WorthKapsch CarrierCom to present its Railway Dedicated Networks portfolio at InnoTrans 2016, September 20-23 in BerlinKapsch TrafficCom 1Q 2017/18: Revenues up by 7.9%; EBIT down by 33.4%Kapsch CarrierCom provided TETRA communications infrastructure for the new metro Line 4 in Rio de Janeiro, BrazilKapsch TrafficCom to install network of 120 permanent traffic counting stations in MadridKapsch TrafficCom to help Port Authority of New York and New Jersey better manage its critical transportation-related assetsKapsch: Streetline recognized by Frost & Sullivan with its Global Product Line Strategy Leadership Award for Smart Parking Technology

China’s Geely ramps up self-driving efforts amid auto market slowdown – Nikkei Asian Review

HONG KONG — Geely Auto Group, China’s largest private automaker, is ramping up efforts to develop self-driving technology as it grapples with a slowdown in the domestic car market. Geely, a group company of Volvo Cars owner Zhejiang Geely Holding Group, said earlier this month that it aims to introduce Level 4 self-driving technology — defined… Continue reading China’s Geely ramps up self-driving efforts amid auto market slowdown – Nikkei Asian Review

At G.M., a ‘Sense of Optimism, Not Despair’

At G.M., a ‘Sense of Optimism, Not Despair’ The view from Detroit: “It is true that compact car sales have declined across the industry. But a lot of things are going right in this country and at G.M.” To the Editor: Your coverage of General Motors, the end of Chevrolet Cruze production and the possible… Continue reading At G.M., a ‘Sense of Optimism, Not Despair’

Nissan would review Renault ties after FCA merger: CEO

PARIS/MILAN (Reuters) – Nissan would carry out a “fundamental review” of its relationship with alliance partner Renault if it accepted a merger proposal from Fiat Chrysler, the Japanese carmaker said on Monday. FILE PHOTO: Nissan President and Chief Executive Officer Hiroto Saikawa attends a news conference at its global headquarters building in Yokohama, Japan, December… Continue reading Nissan would review Renault ties after FCA merger: CEO

Careem BUS launches in Saudi Arabia with Jeddah to Mecca service

Careem BUS has launched in Saudi Arabia with a direct service between Jeddah and Mecca.

Following on from the successful launch of Careem BUS in Egypt in December 2018, Careem has expanded operations to The Kingdom beginning with a direct bus link between Jeddah and Mecca for SR25 each way.

The service comes as part of Careem’s ongoing commitment to solving transportation issues, improving mobility and creating jobs and is ideal for people flying into Saudi Arabia to perform Umrah. The route has been approved by the Saudi Public Transport Authority.

Customers will be able to check the availability of the bus via the app, monitor its arrival and secure a seat. Walk-on passengers will also be accepted. The service is currently cash only, but soon passengers will be able to pay via several payment methods, such as the Careem wallet on the app, or by a registered credit card.

The service operates via a separate app from the ride hailing product and is available for download on iOS and ..