Toyota to invest $1bn in ride-hailing app Grab
Grab has raised $1bn from Toyota in a new round of fundraising that values the ride-hailing company at $10bn following its recent acquisition of Uber’s south-east Asian business.
Read MoreEquilibrium Continues to Expand
Our administration team have moved into 2,500 sq./ft of new office space, which is 4 times greater than the previous office and will allow the team to function more efficiently and provide an enhanced working environment.
Read MoreMorgan profits up as it races into new era
Profits at Morgan Motor Company hit record highs last year after the luxury British sports car maker raised prices and made preparations for a future producing electric vehicles.
Read MoreVolvo and GM roll out in-car deliveries with Amazon
Volvo and General Motors are rolling out in-car deliveries with Amazon across the US, the latest in a wave of partnerships between carmakers and technology groups to sweep the industry.
Read MoreUK car approval agency set to lose EU-wide authority
At least five car brands are exploring pulling their business from the UK’s government-backed body that approves vehicles for sale in Europe, raising questions over the future of the agency.
Read MoreJLR to make cars electric from 2020
ALL new Jaguar Land Rover cars will offer an electric power train from 2020, Britain’s biggest car maker said as it became the latest manufacturer to embrace the electric vehicle revolution.
Read MoreCar production slips 10% as demand for new models falters
The number of cars rolling off UK production lines in May plunged, as demand among British motorists for new vehicles fell. Official data from industry trade body the Society of Motor
Read MoreAmazon plans to sell cars online in Europe
Amazon plans a digital assault on the retail automotive sector and is sounding the attack in Europe first, sources have told Automobilwoche, an affiliate of Automotive News Europe.
Read MoreEquilibrium Launches New Customer Portal
Equilibrium successfully launches new customer portal. The secure site, allows all of Equilibrium’s clients to log in and access all of their product information, including SDS & TDS sheets.
Read MoreLuxury: BMW gets first 2017 win over Mercedes
BMW topped its rival in the U.S. luxury auto market for the first time this year, eeking out a monthly sales gain and gaining ground on Mercedes-Benz.
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