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Apple invests in car hailing
- May 16, 2016
- Posted by: Simon Wait
- Category: Industry News
The BBC reports that Apple has invested $1bn (£693m) in Didi Chuxing, the car-hailing app that has a greater marketshare than US rival Uber in China. Didi Chuxing provide more than 11 million rides a day and claimed to have 87% of the Chinese marketshare. The company is also backed by Chinese internet giants Tencent [...] -
Nissan moves on Mitsubishi
- May 13, 2016
- Posted by: Simon Wait
- Category: Industry News
Nissan has agreed to a 34% controlling share in scandal-hit Mitsubishi Motors in a bid to rebuild trust in the car maker. Nissan has vowed to rebuild trust in Mitsubishi Motors following it admitting it had faked data to overstate the fuel efficiency of more than 600,000 cars. Nissan will pay 237bn yen ($2.2bn) for [...] -
SUV sales continue to surge
- May 13, 2016
- Posted by: Simon Wait
- Category: Industry News
Sales of SUVs have quadrupled in Europe since 2005 and are expected to keep rising thanks to growing popularity with an unusually diverse group of buyers, according to a new survey. Sports utility vehicles (SUVs) have been embraced by ‘Modern Mums’, mothers with young kids, Millennials, 17- to 34-years-olds, and ‘Quintastics’, for active and youthful [...] -
Ford maintains skills momentum
- May 9, 2016
- Posted by: Simon Wait
- Category: Industry News
Ford India has opened its ninth automotive skill service centre in Jaipur. According to ETA Auto, the technical centre was built in partnership with Kamal Ratan Private ITI and K S Ford, the technical centre will train students on Ford technology as part of motor mechanic vehicle (MMV) curriculum. ‘Centers like ASSET will help us [...] -
Fix Auto integrates automotive services
- May 9, 2016
- Posted by: Simon Wait
- Category: Industry News
Fix Auto has signed a definitive agreement to acquire Prime CarCare Group, Canadian owner of automotive brands Speedy Auto Service, 5 Gears Auto Care, Minute Muffler and Brake, and the Canadian master franchisor for Novus Glass. Steve Leal, president and CEO of Fix Auto Canada, said, ‘This acquisition will create a unique opportunity for horizontal [...]