Porsche buys majority stake in German battery company
Luxury carmaker Porsche AG has purchased the majority stake in German battery manufacturing company VARTA AG Group, fully-acquiring V4Drive. The sports car manufacturer is the new majority shareholder of the company, while VARTA AG will retain a minority stake without any operational influence. V4Drive is...
Nissan welcomes new CEO after failed Honda merger
Nissan has announced its Chief Planning Officer, Ivan Espinosa, to succeed the automaker's current Chief Executive Officer (CEO), Makoto Uchida, as well as a reshuffling of many other senior management roles. The carmaker's announcement comes just weeks after Uchida pulled the plug on its potential...
Rivian delivers electric ice cream truck to Ben & Jerry’s
California-based electric vehicle (EV) maker Rivian has delivered an all-electric ice cream truck to American ice cream giant Ben & Jerry's. The electric truck was specially-made for the Vermont ice cream maker, and based on Rivian's Commercial Van. Brian Gase, Senior Director of Prototype Development...
Why MOVE is the place to be in June
MOVE, the world's #1 converged mobility event, is fast-approaching. MOVE 2025 promises to be the world's most expansive learning experience in the mobility space and the ultimate networking opportunity to meet world leaders. With 600+ speakers, 250+ exhibitors, 200+ start-ups and 5,000+ attendees from across the global...
Why do we need digital wallets? Mercedes pay tells how in-car payments are revolutionising the way we drive
Fancy paying for fuel without your wallet? Or reserving a parking spot with just your fingerprint? On this episode of the ON THE MOVE Podcast we talk about the rise of digital wallets. Joined by Nico Kersten, CEO of Mercedes pay, we discuss how dashboards...
Detroit’s “Big Three” automakers handed 1-month exemption from tariffs
The United States (U.S.) President Donald Trump has granted carmakers a one-month reprieve on import tariffs on products from Mexico and Canada. The White House press secretary Karoline Leavitt announced the exemption on Wednesday and said Trump had met with chief representatives from the "Big...
Detroit launches remote-controlled EV pilot programme
An autonomous vehicle pilot programme has been launched in the Corktown neighbourhood of Detroit. The pilot is operating as a car-sharing service that uses tele-operated electric vehicles (EV) which customers can schedule a trip with via a mobile app. The pilot was launched as part...
Bolt and Forest team up on e-bikes in London
Ride-hailing platform leader Bolt has partnered with micro-mobility operator Forest to improve e-bike hire access in London. From next week, UK start-up Forest will be renting out its e-bikes via Bolt's app, enabling access to 15,000 more e-bikes in the English capital. London currently has...
GM hires former Cisco and Google AI expert
General Motors (GM) announced on Monday the appointment of Barak Turovsky as the first Chief Artificial Intelligence (AI) Officer, a newly created job role by the automaker. Turovsky holds a rich history as former AI head at global tech giants such as Cisco and Google...
China’s BYD raises more than $5bn in Hong Kong share sale
Chinese electric vehicle (EV) maker BYD had its largest share sale in four years on the Hong Kong stock exchange raising the equivalent of $5.59 billion in primary share sales, according to Reuters. The EV maker originally planned to sell only 118 million shares, yet...
