Toyota Motors is thinking small for the future. It is betting on small cars (besides personal mobility), and made a US$3.2 billion decision in that direction with the total buy-out of its subsidiary, Daihatsu. Toyota previously owned 51.2% of Daihatsu, producer of kei cars, which will be fully integrated into Toyota after the completion of shares transfer in August.
The Delorean was not a good car. It was badly designed and built, and underpowered, and only about 9000 were ever made. Yet, it has become a cult classic, so much so that the current owner of the rights to the DeLorean Motor Company, DMC Texas, announced it will be producing new DeLorean DMC-12 vehicles for the market.
In a somewhat pastoral setting in southern California, an ecological disaster is going on largely unnoticed except, that is, for the owners of the houses which just a few short months ago would have sold for millions of dollars, but are now worthless.
“The company’s current priority is to promote brand value among Chinese customers by offering high-quality imported products and services.”
The team at Maven is made up of former Google, ZipCar and the now defunct Sidecar, which assets were recently acquired by GM.
Apparently anyone with an Uber account who is in the area will be able to hail a chopper.