Maven Capital Partners and the Development Bank of Wales have confirmed a £3m equity investment in Motokiki, an independent vehicle tyre comparison website. The investment of £1.5m by each funder will support Motokiki’s drive to develop new strategic partners, and fund sales and marketing initiatives to raise awareness of the brand and grow its customer [...]

HELLA is participating in a consortium initiated by BAIC to develop an intelligent mobility infrastructure in Beijing. This includes communication between vehicles and their environment, via traffic lights equipped with sensor technologies, for example. A total of thirteen international and Chinese technology companies are involved in the non-exclusive cooperation. ‘We have a very close and [...]

Generali Country Italia and the Fiat Chrysler Automobiles Group have signed a letter of intent, the first step in a business and technological partnership. The new partnership will develop innovative products and services for the automotive and connected vehicles sectors and offer them to the insurance market. The partnership will use technological and telematic systems [...]

Volkswagen has announced plans to sell electric cars for less than £17,400 and to convert three factories in order to make them, Reuters has reported. Strategies for VW’s electric cars – also known as MEB entry – has a production volume planned for 200,000 vehicles. A supervisory board meeting is planned for the 16 November [...]

Axalta celebrated the official opening of its global innovation centre, the largest coatings research and development (R&D) centre in the world. The 16,000sqm global innovation centre offers specialty labs, as well as office space. Its location in Philadelphia’s historic Navy Yard enables collaboration among Axalta employees, business partners, and customers throughout the Philadelphia area and [...]