Mar 3, 2022 | Business, Detroit, Mobility
Tier Mobility, the Berlin-based micromobility operator that has been steadily taking over Europe, is making a sweeping entry into North America by acquiring Spin from automaker Ford. Tier will acquire all of Spin’s 50,000 e-scooters and e-bikes, bringing the...
Feb 24, 2022 | Business, Detroit, Electric Vehicles, Featured
Ford Motor has no plans at this time to spin off its electric vehicle or gasoline-powered vehicle businesses, CEO Jim Farley said Wednesday. His comments come less than a week after Bloomberg News reported Farley wanted to separate Ford’s electric...
Feb 10, 2022 | Business, Mobility
GoTo Global, an Israeli mobility company that offers shared micromobility and car-sharing services in Spain, Israel, Malta and Germany, is going public on the Tel Aviv Stock Exchange (TASE) through a merger with shell company Nera Tech Media. The merger is expected to...
Jan 20, 2022 | Autonomous Vehicles, Business, Technology
The German automaker is also taking an equity stake in the Orlando, Florida-based company, acquiring a total of 1.5 million shares. Based on Luminar’s share price of $13.45 at market close January 19th, Mercedes-Benz is purchasing approximately $20.2 million worth of...
Dec 2, 2021 | Business, Electric Vehicles
Consumer Reports recently released its automobile reliability ratings Thursday with Toyota Motor -owned Lexus, Mazda , and Toyota ranking as the top brands in that order. Stellantis’ Jeep, Tesla , and Ford Motor’s Lincoln made up the bottom three....
Nov 4, 2021 | Business, Featured, Industry 4.0
Augury, an industrial AI + IoT company—with customers such as Colgate, Hershey’s and Pepsi – has raised $180M in Series E funding. The round,led by Baker Hughes, launches the company to unicorn status and makes it an important bellwether for Industry 4.0...
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