SPONSORED CONTENT Find out how VavaCars is giving car owners a quick, easy, safe and secure way to sell their used cars online 0SHARES Share Tweet Email Recommended Stories Vintage cars rally through twin citiesLarge number of enthusiasts throng exhibit at Pak-China centre Uber nears investment deal for self-driving car unitThe investment to be valued at $7.25 billionIndus Motor increases vehicle pricesCompany has raised prices of its variants from Rs65,000 to Rs307,000Toyota establishes research institute in ChinaPlans to study hydrogen, green technologies to ease environmental problems … [Read more...] about VavaCars revolutionises the way ‘used cars’ are traded in Pakistan
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Used car marketplace Vroom raises $146 million
Used car marketplace Vroom has closed a whopping $146 million series G round of funding led by automotive retail giant AutoNation, with participation from “funds and accounts” advised by T. Rowe Price Associates, L Catterton, General Catalyst Partners, and Fraser McCombs Capital, as well as a bunch of individual investors. Founded out of New York in 2013, Vroom serves as a platform for buying, selling, and trading in second-hand vehicles that are delivered direct to the buyer’s door. The company also offers financing services to help fund transactions. Prior to now, Vroom had raised around $320 million, and with another $146 million in the bank, it said that it plans to “enhance key technologies and processes,” as well as build its customer base and make new hires. “We are incredibly encouraged by this recent round of funding as investors, including those in the traditional auto retail space, continue to recognize that the Vroom model … [Read more...] about Used car marketplace Vroom raises $146 million
Trump says China will ‘reduce and remove tariffs’ on car imports from the US
Bob Bryan, provided by Published 8:54 pm PST, Sunday, December 2, 2018 Andy Wong/AP Photo President Donald Trump announced that China will lower or eliminate their tariffs on US car imports. The US sent $10.5 billion worth of new and used cars to China in 2017. The announcement comes after Trump's dinner with Chinese President Xi Jinping on Saturday at the G20. The two sides announced a 90-day pause of the US-China trade war. President Donald Trump announced on Sunday that China will lower or remove tariffs on American-made cars coming into the country. "China has agreed to reduce and remove tariffs on cars coming into China from the US," Trump tweeted. "Currently the tariff is 40%." The move is significant as US-made cars from BMW and others are popular in China. A total of $10.5 billion worth of new and used cars were shipped to China from the US in 2017, according to the Census Bureau. The tweet comes the day after Trump's dinner with Chinese President Xi Jinping … [Read more...] about Trump says China will ‘reduce and remove tariffs’ on car imports from the US
Zoopla founder raises £30m for new car website venture
Zoopla founder raises £30m for new car website venture BelfastTelegraph.co.uk The serial entrepreneur behind the Zoopla house-hunting website has raised more than £30 million for his next venture, which is aimed at disrupting Britain’s used car industry. https://www.belfasttelegraph.co.uk/business/uk-world/zoopla-founder-raises-30m-for-new-car-website-venture-37585915.html https://www.belfasttelegraph.co.uk/business/uk-world/article37585912.ece/42e1d/AUTOCROP/h342/bpanews_3ac76751-af9e-454c-ab64-5e88e6eef48c_1 Email The serial entrepreneur behind the Zoopla house-hunting website has raised more than £30 million for his next venture, which is aimed at disrupting Britain’s used car industry. Alex Chesterman, who made a windfall selling Lovefilm, the video rental company he co-founded, to retail giant Amazon seven years ago, is to launch Cazoo, a car buying and rental website. Through the Cazoo platform customers will be able to buy, finance or rent a … [Read more...] about Zoopla founder raises £30m for new car website venture
New strategy for makers of self-driving cars: Slow down, shut up
PALO ALTO, Calif. -- Three former executives at Google, Tesla and Uber who once raced to be the first to develop self-driving cars have adopted a new strategy: Slow down. And shut up. At their new company Aurora Innovation, which is developing self-driving technology for carmakers including Volkswagen and Hyundai, the rules are simple: No flashy launches, mind-blowing timelines or hyper-choreographed performances on closed tracks. "No demo candy," said Chris Urmson, a co-founder and former head of Google's self-driving car team. Aurora's long-game technique reflects a new phase for the hyped promise of computer-piloted supercars: a more subdued, more pragmatic way of addressing the tough realities of the most complicated robotic system ever built.In the wake of several high-profile crashes that dented public enthusiasm in autonomous cars, Aurora's executives are urging their own industry to face a reality check, saying lofty promises risk confusing passengers and dooming the … [Read more...] about New strategy for makers of self-driving cars: Slow down, shut up