Lyft Lyft is teaming up with Segway-Ninebot as it updates its shared scooter fleet, TechCrunch reports. Lyft’s scooter service first launched last September in Denver and it now spans nine US cities. And though it first deployed Xiaomi-built scooters, the China-based company later sent Lyft a cease-and-desist letter, saying in October that it didn’t “condone… Continue reading Lyft will add Segway scooters with swappable batteries ‘soon’
Tag: M and A
BMW Exec Suggests Automaker Should Work With Elon Musk
5 H BY STEVEN LOVEDAY This BMW exec knows the automaker must make its own batteries to surge forward with EVs. In a recent interview with Manager Magazin, BMW works council chief Manfred Schoch stated that he believes BMW must make its own batteries to be successful with its EV future. This makes perfect sense since arguably… Continue reading BMW Exec Suggests Automaker Should Work With Elon Musk
Sixt, Siemens Renew Partnership
Sixt will offer its partner the option of reserving vehicles with the latest mobile apps on the SAP Concur booking tool. Photo via Sixt. Sixt and Siemens announced that they have renewed their partnership on a long-term basis. The companies formed a partnerhsip in 1974, when the technology group rented its first vehicles from the mobility… Continue reading Sixt, Siemens Renew Partnership
Uber’s India rival Ola nears $6 billion valuation ahead of huge funding round
Ola, India’s local rival to Uber, has seen its valuation jump to nearly $6 billion as it prepares to take in a large round of financing. The ride-hailing firm, which was founded in 2010, has raised around $3.3 billion from investors to date, and it topped that up a little this week. Ola pulled in… Continue reading Uber’s India rival Ola nears $6 billion valuation ahead of huge funding round
Ford to cut thousands of jobs in shake-up
Carmaker Ford has announced plans for a major shake-up of its operations in the UK and mainland Europe. It is expected to lead to thousands of job losses across Europe, including the UK, although cuts at its UK factories are not thought to be imminent. But Ford Europe boss Steven Armstrong said should the UK… Continue reading Ford to cut thousands of jobs in shake-up
India: Ola’s valuation skyrockets to $5.7b after fresh funding from Steadview
January 10, 2019 Ola has regained its number two ranking in the pecking order of India’s most valuable startups, after securing $74 million in fresh funding from existing investor Steadview Capital in its latest funding round, which valued India’s leading cab-hailing service at roughly $5.7 billion. Ola, which has been in talks to raise at… Continue reading India: Ola’s valuation skyrockets to $5.7b after fresh funding from Steadview
Exclusive: VW, China spearhead $300 billion global drive to electrify cars
(Reuters) – Global automakers are planning a $300 billion surge in spending on electric vehicle technology over the next five to 10 years, with nearly half of the money targeted at China, accelerating the industry’s transition from fossil fuels and shifting power to Asian battery and electric vehicle technology suppliers. Volkswagen logos are pictured during… Continue reading Exclusive: VW, China spearhead $300 billion global drive to electrify cars
Ford and Volkswagen to forge deeper alliance
Partnership aims to reduce costs and may extend to co-operation on self-driving technology Go to Source
Exclusive: VW, Ford to reveal deeper alliance next week – sources
HAMBURG/DETROIT (Reuters) – Volkswagen AG (VOWG_p.DE) and Ford Motor Co (F.N) will unveil a deeper alliance next week that goes beyond cooperating in commercial vehicles in a move meant to save the automakers billions of dollars as they develop new technologies, two people familiar with the plan said on Wednesday. FILE PHOTO: A car with… Continue reading Exclusive: VW, Ford to reveal deeper alliance next week – sources
Avis Budget Group and Continental Expand Collaboration to Offer Connected, On-Demand, Keyless Experience
Strengthens Avis Budget Group’s resolve to achieve full fleet connectivity Expands secure and seamless vehicle access to more markets in the United States; introduces service in Europe PARSIPPANY, N.J. and SAN JOSE, January 7, 2019 — Avis Budget Group, Inc. (NASDAQ: CAR) and Continental today announced that they have expanded their partnership. Under the enhanced… Continue reading Avis Budget Group and Continental Expand Collaboration to Offer Connected, On-Demand, Keyless Experience