Getaround Europe Merges with GoMore to Form Europe’s Largest Peer-to-Peer Carsharing Network
Getaround Europe and GoMore have completed a merger of their European operations, creating the continent’s largest peer‑to‑peer carsharing network across 11 countries. The deal consolidates Getaround’s European business under GoMore, forming a unified platform serving over 5 million users.
Formula One Autocentres Acquires 35 ATS Euromaster Sites, Expanding UK Network to 170 Locations
Formula One Autocentres completed the acquisition of 35 autocentres from ATS Euromaster, boosting its UK footprint to 170 sites and making it the country's largest independent autocentre network. The deal brings 130 former ATS employees into the business and supports...
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Chery SA to Acquire Nissan's Rosslyn Manufacturing Assets in South Africa
Chinese automaker Chery SA announced it will acquire Nissan's manufacturing assets in Rosslyn, South Africa, including the main factory and a stamping plant. The Rosslyn plant will be decommissioned and retrofitted over the next 12‑18 months, with new production slated...
Dhoot Transmission Acquires Multilink to Expand Automotive Electronics Portfolio
Dhoot Transmission, backed by Bain Capital, announced the acquisition of Multilink, a Bengaluru-based supplier of electronic components for two- and three-wheeler OEMs. The deal, completed through an affiliate, aims to strengthen Dhoot's presence in high‑growth electrification and electronic content segments....
Uber Invests in HysetCo via Convertible Loan to Expand Hydrogen Taxis in Paris
Uber announced a convertible loan investment in HysetCo, a French hydrogen-mobility joint venture, to support the integration of up to 2,000 hydrogen taxis into its Paris business-taxi platform over the next five years. The amount of the loan was not...
Porsche Sells Its 45% Stake in Bugatti Rimac and 20.6% Stake in Rimac Group to HOF Capital-Led Consortium
German automaker Porsche announced it will divest its 45% stake in Bugatti Rimac and its 20.6% stake in Rimac Group, selling them to a New York‑based consortium led by HOF Capital. The transaction, pending regulatory approval, marks Porsche’s exit from...
Seres Joins BMW, Mercedes in China Premium Charging Joint Venture
Seres Group announced it has taken an equal 33.3% stake in Ionchi, the premium high‑power EV charging joint venture originally formed by BMW Brilliance and Mercedes‑Benz in China. The three automakers will each hold a one‑third share, targeting a network...
Uber to Invest over $10B in Robotaxi Fleet, Including $2.5B Equity Stakes in Lucid and Rivian
Uber announced it will invest more than $10 billion in its robotaxi program, allocating $7.5 billion to purchase autonomous vehicles and over $2.5 billion for equity stakes in EV makers Lucid and Rivian. The commitment aims to accelerate Uber’s shift to a capital‑intensive...
ECARX Takes Full Control of Flyme OS Assets From Xingji Meizu Group
ECARX announced that it has officially assumed control of all core assets and operations of the Flyme OS platform from the Xingji Meizu Group, as part of Geely Holding Group’s “One Geely” strategy. The asset transfer includes intellectual property, ongoing...
Altilium Secures $23.5M to Scale EV Battery Recycling
UK-based Altilium announced it has raised £18.5 million (approx. $23.5 million) in funding to accelerate its EV battery recycling technology and expand production of recycled cathode materials. The capital will be used to build large‑scale recycling plants in the UK and support...
DoorDash Invests in Also to Develop Autonomous Last‑mile Delivery EVs
DoorDash announced a strategic investment and multi‑year partnership with electric micromobility specialist Also to develop small autonomous electric vehicles for last‑mile delivery in dense urban areas. The collaboration will focus on purpose‑built EVs that can navigate bike lanes, shoulders and...