MUNICH — Sono Motors has started a second round of financing to complete the series development of its first car, the Sion, which is scheduled for launch in late 2019. The Munich-based electric-vehicle startup said it was on track to obtain 5 million euros in new financing from existing investors and backers. The Sion is Read More..
In the IT world the battle for the cloud will decide who rules enterprise computing for the foreseeable future. It’s a battle that has already been disrupted by the entry of Amazon, a company that was never analysed or structured as a traditional IT player. Yet it has gone from zero to become the No 1 Read More..
A new study says the use of artificial intelligence can improve car-sales planning and boost per-vehicle profitability by between 15 and 20 pc. In the report, titled “Supercharging car sales planning with AI,” management consultants Oliver Wyman cite widespread inefficiencies in sales volume planning across all European markets. AI can help make sure dealers have Read More..
PSA Group is suspending all joint venture activity in Iran, following the withdrawal of the US government from a three-year-old multilateral pact aimed at curbing Iran’s nuclear ambitions. The agreement, otherwise known as the Joint Comprehensive Plan of Action (JCPOA), was signed on July 14 2015 between Iran, the five permanent members of the UN Security Read More..
CHENGDU, China — China is committed to opening its market to global competition, as shown by the announcement last week that it will lower import tariffs and remove a two-decade old regulation restricting foreign carmakers to making cars there only as part of a joint venture with a Chinese company. And according to speakers at this week’s Read More..
BMW became the latest major car brand to offer a subscription to its vehicles rather than selling or leasing them to customers. The German premium brand said it had launched a pilot program in Nashville, Tennessee, to see whether subscriptions are a viable business model in today’s car market. Mercedes-Benz, Porsche and other brands are Read More..
A German poll finds that many companies feel they still don’t need help with digital transformation. But there are indications that more will be recruiting consultants in the near term.
Cox Automotive has launched a new connected retail platform that offers a set of online tools to improve the car buying process. The US car retailer said the platform, which is called Accelerate, will make car buying faster, easier and more enjoyable. It will also save consumers time at the dealership, Cox said. Accelerate is Read More..
Mercedes-Benz will offer a flat rate to customers wanting to switch cars during the year, in a pilot project with two German dealer groups, Lueg and Beresa. The German premium car brand said the rate, which includes insurance, maintenance, repair and tires, will let customers drive as many as 36,000 kilometers a year in up Read More..
Delphi on Tuesday officially spun off its powertrain division and launched Aptiv, which groups the US supplier’s connectivity operations. A second company, Delphi Technologies, will henceforth include all powertrain-related components and systems. Aptiv, which will be headquartered in Gillingham, England, and employ 147,000 people worldwide, will be headed by former Delphi CEO Kevin Clark. The Read More..