Faraday Future investor Evergrande Health now says the troubled startup is trying to back out of deal

Evergrande Health, the investor that bailed out besieged electric vehicle startup Faraday Future in a deal worth $2 billion this summer, is now accusing it of attempting to break an agreement it made with previous backer Season Smart. In June, Evergrande Health announced that would it take over the financial commitment made by Season Smart last […]

China’s Didi beefs up its newly-independent car services business with an acquisition

A week after spinning out its driver services business and giving it $1 billion in investment capital, Didi Chuxing has added to it through an acquisition. Xiaoju Automobile Solutions (XAS), which the Didi spinout is called, announced today it has bought Hiservice, a three-year-old company that provides after-service care for car owners using a digital platform. […]

New cars from Fiat Chrysler and VW will come with up to 6 months of free Apple Music

Two major car manufacturers, Fiat Chrysler Automobiles (FCA) and Volkswagen, announced today they will begin to offer free Apple Music subscriptions of up to six months to customers purchasing new vehicles with CarPlay starting on May 1, 2018. The offers are meant to help boost Apple Music subscribers, and arrive shortly after rival Spotify filed to […]

Prodigy raises $5.4M to unify the in-store and online car-buying experience

If you’ve ever tried to buy a car, there’s a good chance that a lot of your research has shifted online as it’s become easier and easier to figure out exactly the kind of car you want — and less of it is about going to a dealership. At least, that’s what Michia Rohrssen is […]