Sep 30, 2020 10:45 AM IST
Uber expressed interest after Free Now invited additional investors to tide over impact from the COVID-19 pandemic, but it is also likely that other bidders may come forward
- Nov 29, 2017 02:22 PM IST
Chinese automaker Great Wall Motor Co said last month it was discussing a possible venture to build Mini vehicles in China. BMW currently does not build Mini vehicles outside Europe.
- Aug 10, 2017 07:45 AM IST
In its filing with the U.S. Bankruptcy Court in Delaware, Takata said the Chapter 15 petition was critical to ensure the "continuation of Takata's business, preserving tens of thousands of jobs and ensuring that Takata's business partners continue to have access to critical components that ensure the safety of drivers worldwide."
- Aug 09, 2017 07:40 AM IST
The settlement is similar to others reached with major automakers. In June, a federal judge in Miami granted preliminary approval to settlements with Toyota Motor Corp , Subaru Corp , BMW AG and Mazda Motor Corp totalling $553 million and affecting 15.8 million vehicles with Takata inflators.
- Apr 19, 2017 10:43 AM IST
The project is named Apollo after the lunar landing program, the Chinese search giant said, adding it would work with partners who provide vehicles, sensors and other components for the new technology.
- Apr 05, 2016 11:35 AM IST
The automaker has established Toyota Connected at its US headquarters in Plano, Texas, to consolidate its existing connectivity services and serve as the company's "data science" hub. Microsoft has a 5 per cent stake in the venture.
- Dec 15, 2015 01:26 PM IST
The unit will also include its initiative in partnership with BMW AG to develop an autonomous passenger vehicle, which may also be put into mass production within five years, a spokesman told Reuters.
- Nov 03, 2015 05:08 PM IST
The Munich-based company, which makes the X5 SUV and 7 Series sedan, said profits rose to 1.58 billion euros (.74 billion) from 1.31 billion euros in the year-earlier period, when the company had to deduct charges for the changed valuation of financial derivatives.
- Sep 29, 2015 08:09 AM IST
GM has moved more aggressively than most of its rivals to put high-speed, 4G LTE data connections in its cars.
- Sep 01, 2015 10:58 AM IST
Hillhouse is also an investor in Uber, the US ride sharing service.The backers have hired ex-Ford Motor Co executive Martin Leach to build a global automaker, a NextEV spokeswoman said on Monday. The backers have also recruited experts with previous experience at Tesla, BMW AG, Volkswagen AG and other major car companies.
- Aug 21, 2015 08:16 PM IST
The company said it has yet to determine the exact extent of the damage, joining other global carmakers such as Volkswagen AG, Hyundai Motor Co, Toyota Motor Corp, Daimler DIAGn.DE and BMW AG that are still counting up their losses.
- May 06, 2015 12:56 PM IST
Earnings before interest and tax (EBIT) came in at 2.52 billion euros (USD 2.83 billion), above the 2.191 billion euros forecast in a agency poll.
- Mar 12, 2015 03:12 PM IST
Chinese internet companies and auto makers have been quick to team up to start developing partly self-driving and Internet-connected cars, following a path already trodden by US tech giants Google Inc and Apple Inc.
- Jul 08, 2013 09:01 AM IST
The Amsterdam-based company said the five equity investments totaled about USD 400 million. The figures provided by the company imply that the five investors collectively acquired roughly a 27 percent stake in Mobileye.
- Apr 12, 2013 08:37 AM IST
Indian software services firm Infosys Ltd's stepped-up sales push, including a willingness to sacrifice margins, is helping it win business and halt its loss of market share to industry leader Tata Consultancy Services.
- Apr 08, 2013 03:36 PM IST
TVS Motor and BMW AG's motorcycle division announced a long-awaited cooperation agreement on Monday in a deal that sees the companies jointly develop motorcycles as TVS looks to stem a slide in its market share.
- Mar 02, 2013 01:31 PM IST
Jaguar Land Rover (JLR) is investigating the potential of manufacturing cars in India, company sources said, as the British luxury carmaker looks to build on its growth in emerging markets with the help of Indian parent Tata Motors.