By Chen Lin, Anshuman Daga 3 Min Read SINGAPORE (Reuters) – Southeast Asia’s Grab has told employees the ride-hailing and food delivery company is well placed to make acquisitions as it talked up its strengths after a report that it was close to a merger with rival Gojek. Slideshow ( 2 images ) For its… Continue reading Grab tells staff it’s ‘in a position to acquire’ as Gojek merger talk swirls
Category: Uncategorized
Electric hypercar maker Rimac says SPAC funding hype could damage industry
By Reuters Staff 3 Min Read FRANKFURT (Reuters) – A surge in the use of special purpose acquisition companies (SPAC) for raising money for electric vehicle start-ups could harm the long-term prospects of the industry, Mate Rimac, founder of electric hypercar maker Rimac, said on Thursday. FILE PHOTO: A 2019 Rimac C2 Hyper car, valued… Continue reading Electric hypercar maker Rimac says SPAC funding hype could damage industry
Grab tells staff it’s ‘in a position to acquire’ after Gojek merger report
By Chen Lin, Anshuman Daga 2 Min Read SINGAPORE (Reuters) – The CEO of Singapore-based Grab told employees in an internal note on Thursday that the company is well placed to make acquisitions, after a report it is close to a merger with regional rival Gojek. FILE PHOTO: A Grab logo is pictured at the… Continue reading Grab tells staff it’s ‘in a position to acquire’ after Gojek merger report
Alibaba-backed autonomous car firm AutoX starts driverless testing
By Yilei Sun, Brenda Goh 2 Min Read FILE PHOTO: A sign of Alibaba-backed autonomous driving startup AutoX is seen on a modified Chrysler Pacifica minivan in Shenzhen, Guangdong province, China October 31, 2020. REUTERS/Yilei Sun BEIJING/SHANGHAI (Reuters) – Chinese autonomous vehicle startup AutoX, backed by Alibaba Group Holding Ltd, said on Thursday it has… Continue reading Alibaba-backed autonomous car firm AutoX starts driverless testing
Uber in advanced talks to sell air taxi unit: Axios
By Reuters Staff 1 Min Read FILE PHOTO: An Uber logo is shown on a rideshare vehicle during a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers “basic employee rights”, in Los Angeles, California, U.S., August 20, 2020. REUTERS/Mike Blake (Reuters) – Uber Technologies is… Continue reading Uber in advanced talks to sell air taxi unit: Axios
Bentley hires jets to fly car parts to Britain during Brexit
By Reuters Staff 3 Min Read FRANKFURT (Reuters) – Bentley, the luxury carmaker owned by Volkswagen has booked five Antonov cargo jets to help overcome potential supply bottlenecks in the event of a disorderly exit of Britain from the European Union, the carmaker said on Wednesday. FILE PHOTO: A Bentley logo is pictured on a… Continue reading Bentley hires jets to fly car parts to Britain during Brexit
VW’s Hitzinger says complexity of new cars to drive consolidation
By Reuters Staff 2 Min Read FILE PHOTO: The new electric Volkswagen model ID. 4 is shown during a media presentation in Zwickau, Germany, September 18, 2020. Picture taken September 18. REUTERS/Matthias Rietschel/File Photo FRANKFURT (Reuters) – The auto industry faces a new wave of consolidation as cars become electric, connected and add highly automated… Continue reading VW’s Hitzinger says complexity of new cars to drive consolidation
Nissan sets up new business unit for African region
By Reuters Staff 2 Min Read FILE PHOTO: The brand logo of Nissan Motor Corp. in Yokohama, south of Tokyo, Japan July 14, 2020. REUTERS/Issei Kato/File Photo JOHANNESBURG (Reuters) – Japanese automotive group Nissan is to set up a new regional business unit for Africa as it seeks to boost manufacturing capacity and penetrate one… Continue reading Nissan sets up new business unit for African region
VW seeks to avert crisis after CEO demands confidence vote
By Jan Schwartz, Edward Taylor 5 Min Read FRANKFURT (Reuters) – Volkswagen, the world’s largest vehicle maker by sales, risked a leadership crisis on Tuesday after Chief Executive Herbert Diess forced a vote of confidence in his reform efforts by asking for an early contract extension. FILE PHOTO: Volkswagen Group Chief Executive Officer Herbert Diess… Continue reading VW seeks to avert crisis after CEO demands confidence vote
Tesla CEO says he is open to friendly deal with rival carmaker
By Reuters Staff 1 Min Read FILE PHOTO: SpaceX owner and Tesla CEO Elon Musk looks on after arriving on the red carpet for the Axel Springer award, in Berlin, Germany, December 1, 2020. REUTERS/Hannibal Hanschke/Pool FRANKFURT (Reuters) – Tesla Chief Executive Elon Musk on Tuesday said he was open to discussing a merger of… Continue reading Tesla CEO says he is open to friendly deal with rival carmaker