French automaker Renault is developing a hybrid last-mile delivery model that would deploy drones and e-bikes from delivery vans.
Fiat Chrysler has pulled its merger proposal with Renault, blaming French politics.
Fiat Chrysler’s merger bid with Renault is the type of consolidation that the auto industry needs at the moment to expedite innovation and the development of futuristic tech.
Fiat Chrysler submitted a proposal for a merger with French automaker Renault to create a preeminent global automotive group.
Maritime startup Neoline is working along with the Renault Group to develop transatlantic vessels that use sails as the primary propulsion system and travel at the speed of 11 knots – a move that could reduce fuel consumption by atleast 80%.
Also in the pickup: Morgan Stanley index, and a move back to sailing across the ocean.
