Uber is putting $10 million behind sustainable transportation over the next three years. As part of the fund, Uber is donating $250,000 to SharedStreets, a nonprofit organization focused on creating a shared standard for public streets and data sharing. Lyft, also in the name of environmental impact, invested millions of dollars in carbon offsets earlier… Continue reading Uber commits $10 million to sustainable transportation
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Uber makes $10M bet on bikes and transit
Ride-hailing giant Uber, which helped jumpstart the ongoing revolution in mobile technology and urban transit by popularizing a new way to move about cities, has decided cars aren’t always the best way to get around. In a blog post, Uber CEO Dara Khosrowshahi announced a three-tiered plan to support sustainable mobility by reducing congestion, supporting… Continue reading Uber makes $10M bet on bikes and transit
Interview Andreas Renschler: “No IPO at all costs” – What dangers the VW truck boss sees
Andreas Renschler The CEO of the truck group Traton prepares for the IPO. (Photo: Christian Burkert for Handelsblatt) HanoverThe often anticipated IPO of the VolkswagenTruck division Traton in the coming year is not necessarily safe. “There will be no IPO at any price,” said Traton CEO Andreas Renschler in an interview with the Handelsblatt. For… Continue reading Interview Andreas Renschler: “No IPO at all costs” – What dangers the VW truck boss sees
Federal-Mogul Powertrain and YURA TECH Announce New Ignition Joint Venture in South Korea
Federal-Mogul Powertrain and YURA TECH Announce New Ignition Joint Venture in South Korea Sejong, South Korea, September 14, 2018….Federal-Mogul Powertrain has announced a new ignition spark plug joint venture with South Korean automotive parts supplier YURA TECH Co., Ltd.. The establishment of this new company further expands Federal-Mogul Powertrain’s global footprint and will provide high-class… Continue reading Federal-Mogul Powertrain and YURA TECH Announce New Ignition Joint Venture in South Korea
X70 SUV unveiling
Subang Jaya, 24 September 2018 – After months of building anticipation, the first-ever PROTON SUV – the Proton X70 – has finally had its public debut as PROTON Edar Sdn Bhd kicked off its programme of exclusive customer previews in Petaling Jaya, from 19 – 23 September 2018.
Customers, C-level executives from prominent corporations as well as potential corporate buyers were invited to see the interior and exterior design of the SUV, which is the first PROTON product to enter the rapidly growing market segment. Such a product is deserving of a luxury themed event, which is why the Company decided to present the X70 in a modern, sophisticated yet
luxurious setting.
“Since bookings were opened on 8 September, the response from our customers has been overwhelming. The Proton X70 scales new heights for the Company with its modern and sophisticated design so we are organising previews to allow customers to get a closer look to understand the level of engineering and feel the premium material..
BMW Group adjusts guidance for current financial year
Munich. The BMW Group is updating its guidance for the current financial year. The company always expected 2018 to be a challenging year, due in part to additional upfront investments of around one billion euros for future mobility and currency headwinds in the mid-to-high three-digit million-euro range compared with 2017. Despite this starting position, based… Continue reading BMW Group adjusts guidance for current financial year
Unipart to run aftermarket supplies for VW Group dealerships
AppleMark Unipart Logistics has won a five-year contract with Volkswagen Group to run its UK Aftermarket supply chain. Around 450 people in the 650,000 sq. ft. logistics hub in Tamworth have transferred to Unipart Logistics. Unipart Logistics is managing the full aftermarket warehouse operation for Volkswagen Group UK, The operation will service more than 900… Continue reading Unipart to run aftermarket supplies for VW Group dealerships
JCB Group rebrands Hidsons dealerships acquired in January
JCB Group has rebranded the Kent-based Hidsons Group dealerships it bought in January this year. The acquired dealerships in Northfleet and Rainham complimented its existing outlets in Ashford, Gillingham, Sittingbourne, Crawley, Worthing, Brighton and Eastbourne. The acquisition meant JCP represented Kia, Citroen, Mitsubishi and SsangYong for the first time. JCB Group managing director Jonathan Bischoff… Continue reading JCB Group rebrands Hidsons dealerships acquired in January
Tesla Gigafactory Production Process Is Futuristic And Fascinating
ANALYSTS ‘HIGHLY CONFIDENT’ IN TESLA GIGAFACTORY PRODUCTION PROCESS AFTER PRIVATE TOUR Everybody’s got an opinion about Tesla’s prospects for profitable production of Model 3. Some of these are, shall we say, more informed than others. Of particular interest are the reports of financial analysts who’ve actually visited the company’s factories for a first-hand look at… Continue reading Tesla Gigafactory Production Process Is Futuristic And Fascinating
Careem has acquired Commut, the bus-shuttle service app
Careem has acquired Commut, the Hyderabad-based mass transportation app.
As the region’s only tech unicorn, we are always looking to invest in new technologies and high-calibre people to help solve complex local problems. And mass transportation is one of the biggest issues facing cities in the Greater Middle East.
Improving the quality and availability of mass transportation will help to create affordable transport options that can be a catalyst for moving cities forward, therefore we were interested in Commut.
Founded by six IIIT Hyderabad graduates, the tech-driven bus shuttle service that has been operating in Hyderabad since November 2015. To date, they’ve made over 750,000 trips within more than 100 existing routes and are the third-largest transportation app in India.
Backed by UK-Based Shell-Foundation and 50K Ventures, Commut served over 70,000 customers and onboarded 400 driver-partners. Now that Commut has joined Careem, their local operations – including its customers a..