Urban Mobility
This week, a ministerial proposal to ban motorcycles from Kuala Lumpur in effort to reduce carbon emission has prompted criticism from Malaysians. Flying below the radar of the discourse, however, is a homegrown manufacturer of a greener alternative that has been steadily growing. Enter Eclimo, the Penang-based electric vehicle maker that will celebrate its ninth year of operations by June
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The future of selling cars is bleak. At least that’s what the leading car makers seem to believe, because they are frantically gobbling up alternative mobility businesses. The latest move came as Daimler AG, the company that owns Mercedes-Benz, bought 60% of Hailo. As the clever name suggests, Hailo provides ride-hailing services. It operates in the U.K. and Ireland. This idea of Mobility-as-a-Service (MaaS) is
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Verizon Communications Inc. said Monday that it agreed to acquire mobile workforce-solutions company Fleetmatics Group PLC for $2.4 billion, widening Verizon’s fleet operations as it looks to diversify. The deal, at $60 a share in cash, represents a nearly 40% premium to Fleetmatics closing price Friday of $42.96. Fleetmatics’ web-based GPS tracking systems allow fleet operators to monitor vehicle location,
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