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
Tag: M and A
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
Avis steers into crowded field for managing ride services fleets
By Nick Carey DETROIT, – When Avis Budget Group Inc reports its results on Wednesday, executives under pressure from restive shareholders will likely point to the potential for profits from managing fleets of vehicles for ride services and robo-taxi companies. Avis, however, won’t be alone in chasing revenue from the same ride service companies that… Continue reading Avis steers into crowded field for managing ride services fleets
Groupe PSA and Qualcomm advance C-V2X testing for communication between vehicles
Groupe PSA and Qualcomm advance C-V2X testing for communication between vehicles 2018-02-21 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… Continue reading Groupe PSA and Qualcomm advance C-V2X testing for communication between vehicles
Bosch buys U.S. start-up to expand connected-drive ops
BERLIN, Feb 21 (Reuters) – Germany’s Robert Bosch said it has acquired a carpooling start-up in the United States and created a new digital unit to further its expansion into data-based mobility services. Privately-held Bosch has purchased Detroit-based Splitting Fares Inc (SPLT), which offers carpooling services to about 140,000 users in the United States, Mexico… Continue reading Bosch buys U.S. start-up to expand connected-drive ops
Bosch starts new division, acquires U.S. carpooling start-up
Feb 21 (Reuters) – Germany’s Robert Bosch on Wednesday created a new division to expand its reach in the markets for ride services and connected vehicles and acquired a small U.S. ride services company as part of the strategic shift. The carpooling start-up Splitting Fares Inc, whose app connects people who share the same route… Continue reading Bosch starts new division, acquires U.S. carpooling start-up
Bosch acquires B2B rideshare startup SPLT and establishes mobility service arm
Bosch has acquired a ridesharing startup called SPLT that offered employers, universities and municipal authorities workforce-focused ridesharing services to help them offer shared commute as a means of increasing convenience and alleviating route congestion. Bosch, a leading global automotive industry supplier, is also establishing a new dedicated mobility services division, a sign of the changing… Continue reading Bosch acquires B2B rideshare startup SPLT and establishes mobility service arm
Continental and GIZ Committed to Sustainability in the Natural Rubber Supply Chain
Partnership will improve livelihoods of rubber tree farmers in Indonesia Tracking of the supply chain from the rubber cultivators to production will prevent deforestation Continental is consistently increasing sustainability activities in purchasing Hanover, February 21, 2018. Technology company Continental and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH are joining forces in a development partnership to… Continue reading Continental and GIZ Committed to Sustainability in the Natural Rubber Supply Chain
The auto subcontractor Maike dismantled
Maike Automotive, 1,450 employees, did not escape the dismantling. In difficulty, this large automotive subcontractor in the Arve Valley, in Haute-Savoie, had been placed in backup procedure last summer. After a process of several months, the Grenoble Commercial Court rendered its deliberations on Tuesday: it has awarded two of its four companies, Frank & Pignard… Continue reading The auto subcontractor Maike dismantled
Uber might be backing out of SEA but is making sure to stay in London & more
Uber might be backing out of SEA but is making sure to stay in London & more Welcome to our weekly urban mobility news digest — this week we are trying something new: we’ll present you last week’s most important news in a short single-story read. Let us know what you think, whether you like it or would… Continue reading Uber might be backing out of SEA but is making sure to stay in London & more