A recent mobility study on regional ride-hailing markets finds that 16 billion ride-hailing trips were completed worldwide in 2017 and forecasts 24 billion completed trips by the end of 2018. The recent report by ABI Research analysed the number of ride-hailing trips completed by users in different regions and evaluated market shares for each region. [...]

Dyson has plans to invest £200m in a vehicle testing campus as it continues with plans to launch an electric vehicle (EV) in 2020. Dyson announced in 2017 that it had started work on a battery for EVs due by 2020. Details on the EV itself have not been revealed, but Dyson announced last year [...]

HELLA has concluded the sale of the Danish and Polish wholesale businesses FTZ and Inter-Team. After approval by the antitrust authorities responsible, both companies were transferred to the Swedish wholesaler Mekonomen. Subject to the terms of the transaction, the purchase price amounts to €395m. ‘We are delighted about the successful conclusion of the transaction. From [...]

The European car market continued its growth in July, as a total of 1.31 million cars were registered, the highest monthly volume since July 2009 when 1.29 million cars were registered. The market was boosted by increased demand in Spain and France, as well as double-digit growth in midsize markets like the Netherlands, Austria and [...]

With immediate effect, Kyungtai Ju has been appointed the new president of Kumho Tire Europe GmbH. Kyungtai replaces Changrin Suk, who will return to Kumho’s Korean headquarters with responsibility for global sales. Kyungtai has held a variety positions at Kumho, a company he has now served for almost 30 years. Commencing his career at the [...]