Tag: M and A

Hydrogen is Going the Distance: Toyota Surpasses 3,000 Mirai Hydrogen Fuel Cell Vehicle Sales in California

January 23, 2018 PLANO, Texas, January 23, 2018 – Move over polluters, the Toyota Mirai, one of the  world’s first mass-produced hydrogen fuel cell electric vehicles, has surpassed 3,000 sales in the Golden State. Having reached this new milestone, Mirai make up more than 80% of all hydrogen fuel cell vehicles in the United States. “Toyota… Continue reading Hydrogen is Going the Distance: Toyota Surpasses 3,000 Mirai Hydrogen Fuel Cell Vehicle Sales in California

The quest for Asia’s ride-hailing market & more

The quest for Asia’s ride-hailing market & more Welcome to our weekly news highlights by Splyt, the place where you‘ll find the most relevant information about the urban mobility scene. Follow us for updated news, we post every Tuesday! Here is what happened last week:Self-driving car startup Pony.ai raises $112 One of the now many autonomous driving… Continue reading The quest for Asia’s ride-hailing market & more

Gumtree and eBay used car selling platforms to operate as one following merger

Gumtree and eBay will operate as one business after merging to offer car retailers exposure across two platforms when listing vehicles for sale. Gumtree this week claimed to be the fastest-growing classifieds marketplace for motors in the UK, with six million users a month visiting the site’s Motors offering, while 3.7 million users a month visit eBay… Continue reading Gumtree and eBay used car selling platforms to operate as one following merger

APAC Digest: Dely, BeliMobilGue.co.id and GTRIIP raise funding

January 23, 2018 In multiple investments in the region, Tokyo-based culinary media firm Dely has raised $30.25 million in venture funding while Indonesian user car marketplace BeliMobilGue.co.id has secured a $3.7 million pre-Series A. Meanwhile, AI & biometrics software startup GTRIIP has  secured a seven-figure sum Series A funding round. Dely closes $30.25m venture round Japanese startup Dely, which… Continue reading APAC Digest: Dely, BeliMobilGue.co.id and GTRIIP raise funding

South Korean Government Changes Standards for Payment of Subsidy for Electric Vehicles

Ministry of Environment (ME) has decided to change standards for payment of government subsidy for electric vehicles to ‘first-come-first-served based on registration and release date of cars’ this year. Its standards changed for the first time when they were based on submission of documents for purchase since 2013. It has decided to change standards in… Continue reading South Korean Government Changes Standards for Payment of Subsidy for Electric Vehicles

Peugeot Citroen boss seeks to avoid further Vauxhall job losses in meeting with Union

The head of Peugeot and Citroen (PSA) has met with Vauxhall union bosses for a “frank exchange” of ideas, as the French company weighs up how it will integrate the British brand into its portfolio of companies. The Unite union’s general secretary, Len McCluskey, said the meeting with Carlos Tavares, PSA’s chief executive, was “constructive”, and Tavares repeated his… Continue reading Peugeot Citroen boss seeks to avoid further Vauxhall job losses in meeting with Union

Halberg casting: VW Schreck Prevent buys

Automotive supplier Prevent The supplier group became known in the summer of 2016 due to its dispute with the Volkswagen Group. (Photo: AP) The German-Bosnian automotive supplier group Prevent surprises with another acquisition. Prevent takes over the medium-sized casting company Halberg Guss from Saarbrücken, as the supplier confirmed on Monday. For the purchase price, both… Continue reading Halberg casting: VW Schreck Prevent buys

Uber Eats acquires Ando, the food delivery startup from David Chang that makes its own food

As food delivery hopefuls like Deliveroo and Amazon get more involved in the making of food themselves, Uber’s food delivery branch Uber Eats has made an acquisition that could see the company also producing more of the product it’s bringing to its customers. Ando — the delivery-only ‘restaurant’ founded by Momofuku chef David Chang —… Continue reading Uber Eats acquires Ando, the food delivery startup from David Chang that makes its own food

GCA takes over BMW in Meaux and Fiat in Avranches

The group led by David Gaist begins the 2018 exercise with two new developments. With the German brand, the operator is opening a new geographical map … It’s hard to start the year 2018. Indeed, the GCA group continues to grow in the BMW / MINI brands by taking over the JDB concession from Meaux… Continue reading GCA takes over BMW in Meaux and Fiat in Avranches