Mexican Media Brands
Uber Sets IPO Valuation at $91.5 Billion
Uber Technologies Inc. has capped the valuation for its initial public offering at a relatively modest $91.5 billion, reflecting investor skepticism about the ability of the ride-share service to turn a profit.
Maruti Suzuki to Drop Diesel Production in 2020
Maruti Suzuki India Ltd., the country’s largest carmaker, says it will stop offering diesel-powered vehicles in April 2020.
U.S. Opens Criminal Probe into Ford Emission Testing
The U.S. Dept. of Justice has launched a criminal investigation into Ford Motor Co.’s emission testing methods.
Miami Apartments to Get Landing Pads for Flying Cars
A residential skyscraper under construction in Miami will feature a “sky deck” for future flying cars.
French Mobility Platform Developer Targets Growth
Paris-based Vulog SA forecasts that its mobility service platform will be used to coordinate 25 million rides worldwide this year, up from 15 million in 2018.
GM Adding Second Shift for Next-Gen Corvette Production
General Motors Co. says it will add a second production shift and hire more than 400 workers at its Corvette assembly plant in Bowling Green, Ky.
Enterprise Rental to Debut Vehicle Subscription Plan
Enterprise Holdings Inc. plans to launch a subscription-based pilot program next month in the U.S.
London Startup Launches Electric City Car
London-based electric vehicle startup Space Options Ltd. is launching its range of all-electric “Me” quadricycles under the company’s Siticars brand.
Ford Joins Amazon Connectivity Platform
Ford Motor Co. and its Autonomic affiliate have signed a multi-year deal to work with Amazon Web Services on connected vehicle technologies.
Car-Sharing Giant Getaround Buys Rival Drivy
San Francisco-based Getaround Inc. is acquiring European rival Drivy in a $300 million deal that will create the world's largest car-sharing service.