Please click HERE for a PDF version of the release. Collaboration in Southeastern Michigan to Make First Deployment in Downtown Detroit Possible ANN ARBOR, Mich., June 13, 2018 — Getting around in crowded city streets of America is about to get a little easier. May Mobility, an Ann Arbor, Michigan startup building self-driving shuttles, has… Continue reading News Release – Magna and May Mobility Partner to Build, Deploy and Scale Self-Driving Shuttles
Tag: M and A
Mini boss: going electric is a real challenge
Mini is “the most urban car brand” but also one of the hardest to switch to full electric power due to the size of its vehicles, according to boss Peter Schwarzenbauer. Highlighting the upcoming Mini E, which will be built in Oxford from 2019, and the alternative version of the vehicle, which will be produced in… Continue reading Mini boss: going electric is a real challenge
GM names female CFO, broadening diversity at top
The Detroit News Published 12:07 p.m. ET June 13, 2018 | Updated 7:54 p.m. ET June 13, 2018 Dhivya Suryadevara will be GM’s first female CFO. (GM) (Photo: John F. Martin, John F. Martin for General Motor) General Motors Co. has named its first female chief financial officer, bringing further diversity to the executive ranks of the… Continue reading GM names female CFO, broadening diversity at top
Aptiv Completes Acquisition of KUM
DUBLIN, June 14, 2018 /PRNewswire/ — Aptiv PLC (NYSE: APTV), a global technology company enabling the future of mobility, announced today that it has completed its acquisition of KUM, a leading provider of highly engineered connectors and cable management solutions for a range of harsh-environment automotive applications. “KUM is a great fit for our business… Continue reading Aptiv Completes Acquisition of KUM
Ford says fuel cell venture with Daimler will close
DETROIT, June 13 (Reuters) – Ford Motor Co and Daimler AG are winding down a joint venture formed to develop automotive fuel cell technology, Ford said on Wednesday, as both companies plan to take their respective fuel cell technology development in-house. The Automotive Fuel Cell Cooperation Corp venture, based in Burnaby, British Columbia, will close… Continue reading Ford says fuel cell venture with Daimler will close
Magna to partner with May Mobility on low-speed self-driving shuttle
(Reuters) – Canadian auto parts supplier Magna International Inc will partner with Michigan startup May Mobility on self-driving shuttles, the companies said on Wednesday. Magna will outfit low-speed electric shuttles equipped with May Mobility self-driving software. The shuttles will be deployed initially this summer in a commercial ride-sharing service in downtown Detroit. Investors in May… Continue reading Magna to partner with May Mobility on low-speed self-driving shuttle
Magna and May Mobility Partner to Build, Deploy and Scale Self-Driving Shuttles
ANN ARBOR, Mich., June 13, 2018 (GLOBE NEWSWIRE) — Getting around in crowded city streets of America is about to get a little easier. May Mobility, an Ann Arbor, Michigan startup building self-driving shuttles, has partnered with Magna (NYSE:MGA), a mobility technology company and one of the world’s largest automotive suppliers, to retrofit and scale… Continue reading Magna and May Mobility Partner to Build, Deploy and Scale Self-Driving Shuttles
US automaker GM names Suryadevara CFO to succeed Stevens
(Reuters) – General Motors Co (GM.N) said on Wednesday Dhivya Suryadevara, currently vice president of corporate finance, will succeed Chuck Stevens on Sept. 1 as chief financial officer of the No. 1 U.S. automaker. FILE PHOTO – The GM logo is seen at the General Motors headquarters in Sao Caetano do Sul, Brazil March 13,… Continue reading US automaker GM names Suryadevara CFO to succeed Stevens
The connected transport company Geotab acquires the technological firm FleetCarma
Posted 06/13/2018 12:32:30 PM MADRID, Jun 13 (EUROPA PRESS) – The company specialized in fleet management Geotab has acquired the provider of “clean” technology solutions FleetCarma, specialized in telematics for electric vehicles. The purchase of FleetCarma, according to the company, “accelerates Geotab’s long commitment to invest in people and technology,” and thus makes the company… Continue reading The connected transport company Geotab acquires the technological firm FleetCarma
Toyota pumps $1 billion in Grab in auto industry’s biggest ride-hailing bet
SINGAPORE (Reuters) – Toyota Motor Corp has agreed to buy a $1 billion stake in Southeast Asia’s Grab in the biggest investment by a carmaker into a ride-hailing firm, at a time when traditional automakers are racing to team up with disruptive tech companies. FILE PHOTO: A logo of Toyota Motor Corp is seen at… Continue reading Toyota pumps $1 billion in Grab in auto industry’s biggest ride-hailing bet