Construction of the new plant in Anantapur district of Andhra Pradesh began in mid-2017 with an investment of about $1.1 billion (around Rs 7,050 crore). Kia Motors India is going all out with its India operations. The carmaker has laid down the structural framework for its new manufacturing facility in the Anantapur district of Andhra Pradesh. The… Continue reading Kia Motors India to begin production by mid-2019
Tag: M and A
India: Tata said to be mulling sale of auto components unit
February 22, 2018 Tata group is planning to sell its automotive parts manufacturing company Tata AutoComp Systems Ltd (TACO), two people aware of the matter said. The group is currently in talks to hire an investment bank to manage the sale, the first of the two said on condition of anonymity. The sale process is… Continue reading India: Tata said to be mulling sale of auto components unit
From vision to business: Connected driving is becoming a growth area
Presentation by Dr. Volkmar Denner,chairman of the board of management ofRobert Bosch GmbH,at the Bosch ConnectedWorld press briefingon February 21, 2018, in Berlin. Check against delivery. Ladies and gentlemen: Connectivity is the future, and the future of mobility in particular. By that I mean not just modernizing the road and rail networks, but connecting all… Continue reading From vision to business: Connected driving is becoming a growth area
Entering the ridesharing business
Berlin and Stuttgart, Germany – Bosch is entering the ridesharing business. The supplier of technology and services has acquired Splitting Fares Inc. (SPLT), a U.S. start-up based in Detroit. SPLT operates a platform that allows companies, universities, and municipal authorities to offer their workforces ridesharing services. The B2B approach is designed especially for commuters. SPLT… Continue reading Entering the ridesharing business
DENSO Leads Dellfer’s Initial Funding Round, Supporting Cybersecurity for Connected Vehicles
KARIYA, Japan, Feb. 21, 2018 /PRNewswire/ — DENSO, one of the world’s largest automotive suppliers, has announced a significant investment in Dellfer, an IoT and automotive cybersecurity startup company based in San Francisco, California. Dellfer is a young startup focusing on cybersecurity solutions against “zero day” attacks within connected networks such as deployed IoT devices, and in… Continue reading DENSO Leads Dellfer’s Initial Funding Round, Supporting Cybersecurity for Connected Vehicles
Groupe PSA and Qualcomm advance testing for communication between vehicles
• Cellular Vehicle-to-Everything (C-V2X) communication technology with the evolution towards 5G is a relevant step for connected and autonomous vehicle deployment and for enhanced road safety• C-V2X technology trial will lead to a commercial deployment from 2020 • Groupe PSA and Qualcomm Technologies will showcase France’s first C-V2X demonstration at In&Out Digital Mobility event in… Continue reading Groupe PSA and Qualcomm advance testing for communication between vehicles
Carlease To Redefine How Consumers Lease Vehicles And Capitalize On Rising Lease Trends With Initial Round Of Funding
CHICAGO, Feb. 21, 2018 /PRNewswire/ — Carlease, the premier car leasing experience site delivering concierge-level consumer service, announced an initial funding round of $3.5M led by Lightbank, together with a syndicate of powerhouse automotive industry veterans. Led by Andy O’Dower, former Chief Product Officer at Curiosity.com and Director of Product at Cars.com, Carlease.com is built… Continue reading Carlease To Redefine How Consumers Lease Vehicles And Capitalize On Rising Lease Trends With Initial Round Of Funding
Via Awarded Contract to Develop Singapore’s On-Demand Public Bus Service
Via, the leading developer of shared ride technology, has been selected by Singapore’s Land Transit Authority (LTA) to leverage its best-in-class ride matching and routing algorithm to incorporate on-demand technology into Singapore’s public transit system. Via’s technology connects multiple passengers who are headed the same way, allowing riders to request a ride in real time… Continue reading Via Awarded Contract to Develop Singapore’s On-Demand Public Bus Service
Volvo launches new V60 versatile family estate
Volvo launches new V60 versatile family estate Volvo Cars, the premium car maker, today revealed the new V60 five-door, mid-size premium estate, underlining the Swedish company’s position as a maker of cars that combine good looks with everyday practicality. The car was launched in its natural habitat – the driveway of a family… Continue reading Volvo launches new V60 versatile family estate
Apple is trying to lock down battery components before electric carmakers get them
Apple is in talks to buy cobalt directly from miners to help shield it from any shortages sparked by the boom in electric cars, according to a report from Bloomberg. Cobalt is a key mineral used in lithium-ion batteries, and Bloomberg says that Apple is looking to secure contracts for several thousand metric tons of… Continue reading Apple is trying to lock down battery components before electric carmakers get them