Urban Mobility
JLR is holding talks with Ford and BMW about building a battery factory for future electric vehicles. Although in its early stages, it’s believed that Jaguar is keen to get the project started and build its first all-electric car, according to a report published by The Times. All three companies have plans for their own electric vehicles, and with Tesla
Read moreZoomcar is on the brink of closing a round which will see a capital influx of $25 million, sources close to the deal said. Ford Smart Mobility, Reliance Venture Asset Management and Sequoia Capital will participate in the Series C round. The company had raised $11 million last year. This is Ford’s first investment in India. The company will flush
Read moreFord Motor Co. is among five investors providing $6.6 million in seed funding for Civil Maps, a California startup that creates three-dimensional maps for autonomous cars. The other participants are Motus Ventures, Wicklow Capital, StartX Stanford and AME Cloud Ventures, a fund led by Yahoo! Inc. co-founder Jerry Yang, Civil Maps said in a statement. The company, which has 16
Read moreFord Motor Co’s dealers in Indonesia are demanding around $75 million in compensation after the U.S. carmaker announced in January it would close all operations in Southeast Asia’s biggest economy. Six businesses which oversee 31 Ford dealerships in Indonesia say they have sent a second letter about possible legal action to Ford, Ford International Services and PT Ford Motor Indonesia.
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