Volvo Cars Picks Citi, Goldman, Morgan Stanley on IPO

Volvo Cars owner Zhejiang Geely Holding Group Co. has selected Citigroup Inc., Goldman Sachs Group Inc. and Morgan Stanley to advise on an initial public offering for the Swedish carmaker this year, according to people with knowledge of the matter. China’s Zhejiang Geely and Volvo have discussed valuing the Swedish automaker in a range of… Continue reading Volvo Cars Picks Citi, Goldman, Morgan Stanley on IPO

China’s Geely said to pick Citi, others for Volvo Cars IPO

May 10, 2018 Volvo Cars owner Zhejiang Geely Holding Group Co. has selected Citigroup Inc., Goldman Sachs Group Inc. and Morgan Stanley to advise on an initial public offering for the Swedish carmaker this year, according to people with knowledge of the matter. China’s Zhejiang Geely and Volvo have discussed valuing the Swedish automaker in… Continue reading China’s Geely said to pick Citi, others for Volvo Cars IPO

Detroit train depot lit up, but no Ford purchase news

The Michigan Central Station train depot on the western edge of Detroit’s Corktown was lit up Wednesday night. (Photo: Phoebe Wall Howard) Windows throughout the top half of Michigan Central train station were all lit up late Wednesday, the eve of the annual Ford Motor Co. shareholder meeting. Despite speculation that the board of directors could take action… Continue reading Detroit train depot lit up, but no Ford purchase news

ReachNow car-sharing service partners with Intel in Portland; ends free-floating model in Brooklyn

BMW’s ReachNow will offer two designated drop-off zones in Seattle next month. (GeekWire Photo / Kurt Schlosser) ReachNow today announced a new partnership with Intel to provide easy accessibility to its car-sharing service at the company’s four campuses in Hillsboro, Ore. BMW-owned ReachNow has created dedicated parking spaces near major entrances at the tech giant’s… Continue reading ReachNow car-sharing service partners with Intel in Portland; ends free-floating model in Brooklyn

Our partnership with Mapillary: Mapping on a global scale

Street level imagery is a key component in modern mapping, and collecting images of all the roads and details of the world at scale is a collaborative effort. In answer, we’re proud to announce a global partnership with Mapillary. We have partnered with Mapillary for several years in Europe, the Middle East, and Africa, utilizing… Continue reading Our partnership with Mapillary: Mapping on a global scale

Autonomic Realigns Executive Team to Position for Growth

Palo Alto, Calif. (May 10, 2018) – Poised for significant growth, Autonomic, the creator of the Transportation Mobility Cloud™ and a wholly owned subsidiary of Ford Smart Mobility, has realigned its leadership team, officially confirming Gavin Sherry as Chief Executive Officer. The Transportation Mobility Cloud™ is the first open cloud-based platform that connects the diverse… Continue reading Autonomic Realigns Executive Team to Position for Growth

Drive.ai Launches Robot Car Pilot in Texas With a Focus on Humans

Photo: Evan Ackerman/IEEE Spectrum Advertisement Editor’s Picks Self-driving vehicle startup Drive.ai has only been around since 2015, but has moved aggressively toward getting autonomous cars out into the world to do useful things safely and efficiently. Drive struck a partnership with Lyft last September to test its technology with the ride-sharing service in San Francisco,… Continue reading Drive.ai Launches Robot Car Pilot in Texas With a Focus on Humans

Sedans: Peugeot upgrades its 508

No way to drop the sedan PSA sauce. “These cars have a real future. There is not only the SUVs in life ! At Peugeot, we will continue to develop, “says Laurent Blanchet, product director of the brand Lion, which comes out in September the new version of the 508, a model that had replaced… Continue reading Sedans: Peugeot upgrades its 508

GM can’t sell stake in S.Korea unit over next 5 years under rescue deal – S.Korea

SEOUL, May 10 (Reuters) – General Motors can’t sell any of its 77 percent stake in its troubled South Korean unit over the next five years and has to keep its holding at over 35 percent between 2023 and 2028, South Korea said on Thursday, unveiling details of a new deal with the U.S. automaker.… Continue reading GM can’t sell stake in S.Korea unit over next 5 years under rescue deal – S.Korea