BERLIN (Reuters) – German car and truck manufacturer Daimler (DAIGn.DE) on Tuesday said it has dropped plans to expand its Iran business in reaction to renewed U.S. sanctions, which come into effect on Tuesday. FILE PHOTO: FILE PHOTO: The Mercedes-Benz logo is seen before the company’s annual news conference in Stuttgart, Germany, February 4, 2016.… Continue reading Daimler abandons Iran expansion plans as sanctions bite
Tag: M and A
French carpooling firm BlaBlaCar acquires Russia’s BeepCar
August 7, 2018 French carpooling platform BlaBlaCar has acquired Russian counterpart BeepCar from internet company Mail.Ru Group, according to an official statement. Financial terms of the acquisition were not disclosed. BlaBlaCar and Mail.Ru also announced a new partnership, which will see the French startup committing to further promote carpooling through Mail.Ru Group platforms, which include… Continue reading French carpooling firm BlaBlaCar acquires Russia’s BeepCar
Daimler said to build electric Smart cars in China
The parent company of Mercedes-Benz is in talks to build electric versions of its tiny Smart branded cars in China with a local partner, Bloomberg reported Monday, citing anonymous sources.
Tesla Model 3 Battery Cooling Much-Improved … Track Mode?
9 M BY GEORGE BOWER Tesla Model 3 battery cooling is significantly better than that of the Model S and X for multiple reasons. In most of our past articles, I have teamed with Keith Ritter (HVACman) who is an ME and a licensed HVAC engineer in Redding, CA. We now have a new and… Continue reading Tesla Model 3 Battery Cooling Much-Improved … Track Mode?
Alphabet tests a new use for self-driving cars: to get you to the bus stop
Alphabet-owned Waymo is piloting a new use for its self-driving cars: dropping people off at the bus station.
BlaBlaCar acquires carpool rival BeepCar from Russia’s Mail.Ru
Another acquisition for French carpooling platform BlaBlaCar: It’s picked up Russian Internet giant Mail.Ru’s relatively recent rival offering, BeepCar, in what’s being billed as both an acquisition and a partnership. BlaBlaCar says the move is aimed at consolidating its international growth. “Through this acquisition, we are doubling down our commitment to develop carpooling in Russia,… Continue reading BlaBlaCar acquires carpool rival BeepCar from Russia’s Mail.Ru
Drive.ai’s self-driving vehicle service is now live in Texas
The bedroom community of Frisco, Texas might seem like an unusual place to find a self-driving vehicle. But here in this city of nearly 175,000 people, there are seven. And as of Monday, they’re available for the public to use within a specific sector of the city that has a concentration of retail, entertainment venues… Continue reading Drive.ai’s self-driving vehicle service is now live in Texas
China’s Didi pumps $1B into its rebranded driver services business
Didi Chuxing is going pedal to the metal for its automobile services business after it announced it will invest $1 billion into the division, which is also getting a rebrand. The Chinese ride-hailing firm had been tipped to spin out the business and raise $1.5 billion from investors ahead of an IPO, according to a recent Reuters… Continue reading China’s Didi pumps $1B into its rebranded driver services business
Jörg Stratmann in an interview: “We need to be open to technology” – Mahle-Chef does not write down Verbrenner
Jörg Stratmann The new Mahle boss wants to bring the technology for electric cars on the road. (Photo: Verena Müller for Handelsblatt Verena Müller for Handelsblatt) StuttgartMahle boss Jörg Stratmann is unpretentious. When looking out of his office, he looks directly at the Stuttgart Wilhelma. But he cares less about the animals in the zoo… Continue reading Jörg Stratmann in an interview: “We need to be open to technology” – Mahle-Chef does not write down Verbrenner
EV Connect Closes $8 Million Financing Round
6 M BY MARK KANE EV Connect announced that it has closed an $8 million financing round led by Ecosystem Integrity Fund, with participation by Montage Capital and existing investors. The company, established in 2009, is supplying charging solution to Southern California Edison (SCE), Pacific Gas and Electric Company (PG&E) and Electrify America among others.… Continue reading EV Connect Closes $8 Million Financing Round