Tag: M and A

Nuvve Announces Vehicle-to-Grid (V2G) Pilot Programs

5 H BY MARK KANE V2G needs yet to breakout from pilot to the commercialization phase San Diego-based Nuvve Corporation tries to bridge the gap between renewable energy and EV charging through the transition of Vehicle-to-Grid (V2G) from concept to commercialization. It’s not an easy task, especially when bi-directional charging so far was done almost… Continue reading Nuvve Announces Vehicle-to-Grid (V2G) Pilot Programs

GM’s Cruise partners with DoorDash to test autonomous food delivery

Cruise Automation, the self-driving unit of General Motors, is teaming up with DoorDash to test a food delivery service in San Francisco using autonomous vehicles. The pilot will commence in “early 2019,” the companies said, but it will only be available in the section of the city where Cruise has been testing its vehicles. The… Continue reading GM’s Cruise partners with DoorDash to test autonomous food delivery

Aptiv Partners with Affectiva to Enable the Next Generation Vehicle Experience

DUBLIN, Jan. 3, 2019 /PRNewswire/ — Aptiv PLC (NYSE: APTV) announced today it signed a commercial partnership agreement with Affectiva, a Boston-based MIT Media Lab spin-off and leader in Human Perception artificial intelligence (AI). The partnership will deliver innovative, scalable software – derived from deep learning architectures – to enhance perception capabilities in advanced safety solutions and reimagine… Continue reading Aptiv Partners with Affectiva to Enable the Next Generation Vehicle Experience

Samsung’s first Exynos Auto chip is coming to future Audi cars

Audi Samsung’s first Exynos chip for cars will power Audi‘s upgraded in-vehicle infotainment system starting in 2021, the company announced today. The Exynos Auto V9 is based on 8-nanometer (nm) process tech and comes complete with eight ARM Cortex-A76 cores, offering a max speed of 2.1 GHz. As a result, Samsung is promising premium audio… Continue reading Samsung’s first Exynos Auto chip is coming to future Audi cars

India’s CarDekho raises $110m funding from Sequoia, Hillhouse, others

January 3, 2019 Online auto classifieds portal CarDekho on Thursday announced that it has raised $110 million in a Series C funding round from Sequoia India, Hillhouse, CapitalG (formerly known as Google Capital), and Axis Bank. This funding is in addition to the $75 million raised in previous rounds, it said in a statement. The… Continue reading India’s CarDekho raises $110m funding from Sequoia, Hillhouse, others

Auto marketplace CarDekho grabs $110M to double down on insurance and financial services

CarDekho, an online marketplace for car sales in India, has pulled in a new $110 million Series C funding round from a clutch of existing investors to push deeper into financial services and insurance. Sequoia India, Hillhouse and Alphabet’s CapitalG led the round which also saw participation from Axis Bank, one of CarDekho’s financing partners.… Continue reading Auto marketplace CarDekho grabs $110M to double down on insurance and financial services

Hendy buys Seward dealerships in Portsmouth and Havant

South coast automotive group Hendy has bought Hampshire based Seward Group for an undisclosed sum. Chief executive Paul Hendy said the purchase of the group, which has two dealerships in Portsmouth and Havant, was a strategic move for the company and consolidated Hendy’s strong position in the area. “The Portsmouth region is hugely important for… Continue reading Hendy buys Seward dealerships in Portsmouth and Havant

Pentagon completes acquisition of three TrustFord dealerships

Pentagon Motor Group has completed the acquisition of TrustFord dealerships in Warrington, St Helens and Runcorn to join the Ford franchise for the first time. The newly-acquired sites – including the flagship Warrington Ford Store – have now been rebranded as Pentagon Ford and became fully-operational under their new ownership this week. Pentagon’s operations that… Continue reading Pentagon completes acquisition of three TrustFord dealerships

Hendy Group continues to grow with Seward Group acquisition

Hendy Group has followed up expansion in its South coast home territory with the acquisition of Hampshire-based Seward Group. Chief executive Paul Hendy said the purchase of the group, which has two dealership locations in Portsmouth and Havant, was a strategic move for the company and consolidates Hendy’s strong position in the area. Seward Group… Continue reading Hendy Group continues to grow with Seward Group acquisition