The Virgin investment group has taken an undisclosed stake in Hyperloop One’s pod-based transport system, according to BBC reports. Virgin’s founder, Sir Richard Branson, is joining the Los Angeles-based firm’s board as part of the deal, and it is rebranding itself as Virgin Hyperloop One. ‘This is unproven technology and there’s a long way to [...]

A white paper by digital marketing agency Mediaworks has analysed the digital performance of key automotive brands across a range of market areas over a six-month period. Leading the way are brands such as Volvo, National Car Rental, the AA, and Kwik-Fit. Of all the car manufacturers analysed, Volvo has the strongest digital performance across [...]

Avis Budget Group has selected its Avis Car Rental and Budget Car Rental Licensees of the Year for Europe, the Middle East and Africa. This year’s recipients for the region are Avis Iceland and Budget Lebanon. Each honoree accepted the accolade at a celebratory event held in Greece. The annual Licensee Awards recognise licensee partners [...]

General Motors (GM) is set to acquire LIDAR technology company Strobe Inc to speed up development of autonomous vehicles and reduce sensor costs. Kyle Vogt, CEO of GM’s Cruise Automation unit said, ‘This acquisition is a game changer for GM and Cruise. We’ve made this acquisition because we aim to speed our path to market.’ [...]

PPG has partnered with automotive giant Renault-Nissan Alliance to deliver tailor-made structural adhesives to more than one million Renault, Nissan and Samsung cars across Europe, Asia, North America and South America. PPG and Renault Nissan worked closely to co-develop the technology, which delivers durability and manufacturing efficiency that is above industry standards. The partnership involved [...]