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"With these debt facilities, Grab will make more cars available for rental, provide more favourable rental terms and services for driver partners, and increase the supply of vehicles on the road, making rides faster and more affordable for passengers," the company said in a statement.
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OnStar, a mobile-information system widely launched by GM in 2000, was initially meant only to provide safety and emergency services for drivers.
Conoco's 76 and Phillips 66 branded petrol stations are familiar to American motorists and will be kept by the new owner, which plans to introduce a range of new services for drivers.
Philip J. Rowland, a principal in the London office of the consulting firm McKinsey & Company who has studied the telematics market, predicted a shift from traditional radio to digital audio services for drivers.
We are building on that strong relationship with the major car companies by offering location services for drivers across multiple screens (see e.g. our work with BMW).
The combination of Wi-Fi and IoT technology paves the way for a bevy of rich services for drivers and passengers alike, such as enhanced navigation, real-time traffic and parking information, streaming infotainment and integration between dashboards, smartphones and wearable devices such as health trackers and smart watches.
The money would go mostly to improve bus service for drivers who switch to mass transit.
The German brand recently launched a new car-sharing service for drivers who don't want to limit themselves to just one vehicle.
Today, Ola launched a new car leasing service for drivers on its network; last week it expanded to shuttle services for commuters.
But it's also a service for drivers – Lyft allows drivers nearing the end of a trip to be matched up with passengers nearby before the trip actually concludes to help them earn more by chaining fares.
Didi did say, however, that it plans to launch services for passengers, drivers and taxi operators in Osaka, Kyoto, Fukuoka, Tokyo and other major cities from autumn this year.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com