CapitalG, a growth investment fund under Alphabet has led $1bn round of investment in ride-hailing company Lyft. With this investment, Lyft’s valuation has gone up to $11bn. CapitalG’s partner David Lawee will be joining ...
Tags: CapitalG, Rival Lyft
Mitsubishi Electric will be showcasing its EMIRAI 4 concept car featuring next-generation driving-assistance technology, which can help reduce traffic accidents and contribute to a safe, convenient and environmentally friendly ...
Tags: Mitsubishi, Concept Car
Swedish automaker Volvo Cars and its parent company Geely Holdings will be investing €640m in their new electric vehicle brand Polestar. The investment will be used to establish a manufacturing facility in Chengdu, China which is ...
Tags: Volvo Cars, Geely, electric vehicle
Mazda Motor started production of the new CX-5 crossover at its Hofu Plant No. 2 in Yamaguchi Prefecture to meet the growing global demand for crossovers. Until now the CX-5 has been produced at the company’s Hiroshima Plant and at ...
Tags: Mazda Motor, CX-5 crossover
Japanese automaker Toyota will be showcasing its new Concept-i series at Tokyo Motor Show 2017, which will be held from 25 October through 5 November. The Concept-i series includes two vehicles, the Concept-i and Concept-i RIDE. These two ...
Tags: Toyota, Tokyo Motor Show 2017
BMW’s Mini has launched a special edition 1499 GT version of the hatchback, inspired by the classic 1275 GT. Launched in 1969, the Mini 1275 was an upgrade of the 998cc Mini. And, the 1499 GT recalls the original’s styling and ...
Songwon has commissioned a second thermoplastic urethane (TPU) production line, to become operational in the fourth quarter of 2017, as part of its global expansion strategy The company’s plant in Suwon, South Korea will be extended ...
German luxury automaker BMW will be investing EUR400m to expand its its FIZ research and innovation centre in Munich. The “FIZ Future” masterplan, which was developed as part of an urban development competition, will expand ...
Tags: BMW, luxury automaker
Japanese auto components supplier Denso is investing $1bn in its Maryville, Tennessee location in the US as part of its commitment to advancing automotive innovation in North America. The investment will focus on vehicle electrification ...
Tags: Denso, auto components
General Motors (GM) has is advancing self-driving vehicle deployment acquired with the purchase of Strobe. Financial details about the deal were not disclosed. As part of the acquisition, Strobe’s engineering team will be ...
Automakers Toyota and Mazda and auto components supplier Denso have signed a joint technology development contract for electric vehicles. The new company has been named EV C.A. Spirit Corporation to efficiently implement joint ...
Tags: Toyota, Mazda, Electric Vehicles
With over 18 years of manufacturing experience, Altezza Co., Ltd, is a veteran Taiwanese maker of motor parts and accessories. The ISO 9001 and QS9000-certified company's products comprehend brake parts, chassis and steering parts, ...
Tags: steering parts, cooling parts, transmission
Yesterday (Aug 27th), James Dyson, founder of Dyson Ltd., a British-based multinational technology company manufacturing household appliances such as vacuum cleaners, hand dryers, bladeless fans, heaters and hair dryers, announced to put ...
Volvo Cars said it will build its next generation of the XC90 large premium SUV in its new manufacturing facility in Charleston, South Carolina, US, from 2021. The move takes the company's total investment in its US manufacturing ...
Tags: Volvo, Volvo Cars
Chinese search engine giant Baidu has created a new CNY10bn ($1.5bn) Apollo Fund to invest in more than 100 new and emerging autonomous driving projects in the next three years. The company has also released Apollo 1.5, its latest ...
Tags: Autonomous Driving, Apollo