If you read the tech press, you might have seen reports that Uber is pursuing a sale in Southeast Asia that would see Grab, its Singapore-headquartered rival valued at $6 billion, acquire Uber’s business in the region. Rumors of such a tie-in have been rife for a while. Uber sold its China business in exactly such… Continue reading Is Uber selling its Southeast Asia business to Grab?
Category: News Type
Electromobility: UPS works on electric delivery van
UPS delivery van (Image: UPS) United Parcel Service (UPS) builds its own electric delivery van for parcel delivery. Also the German postal service This is the procedure, but already a few years ago. UPS and its partner Workhorse, a battery electric drive company, want a fleet of 50 electric delivery vehicles develop, These are made… Continue reading Electromobility: UPS works on electric delivery van
Mobike Expands In Europe With Bike Rental Services In Florence And Milan
Chinese bike rental firm Mobike extended its footprint in Europe today with trial launches in the Italian cities of Florence and Milan. The move follows the Shanghai-based company’s previous international expansions into Singapore, the United Kingdom and Japan. “With the landing of Mobike in Florence today, it marks another solid step for our city toward… Continue reading Mobike Expands In Europe With Bike Rental Services In Florence And Milan
GM to propose wage freeze, no bonuses for South Korean workers this year
SEOUL (Reuters) – General Motors Co will propose a base wage freeze and no bonuses this year as well a suspension of some worker benefits at its money-losing South Korean unit, in an effort to cut costs, showed an internal letter seen by Reuters on Friday. GM announced last week it would shut a plant… Continue reading GM to propose wage freeze, no bonuses for South Korean workers this year
FAURECIA SUCCESSFULLY PRICES €700 MILLION OF 2.625% SENIOR NOTES DUE 2025
Faurecia announces the success of the above transaction, launched February 21st, 2018. Faurecia priced €700m of senior notes due 2025 at 2.625%. The quality of the investor base and the very favourable conditions achieved demonstrate the significant appreciation of Faurecia’s credit quality. Faurecia will use the proceeds of the issuance of the Notes, together with… Continue reading FAURECIA SUCCESSFULLY PRICES €700 MILLION OF 2.625% SENIOR NOTES DUE 2025
Press Release – Magna Announces Fourth Quarter and 2017 Results and Raises Quarterly Cash Dividend by 20%
Please click HERE for a PDF version of the release. Fourth Quarter 2017 Highlights Record sales of $10.4 billion, up 12% from the fourth quarter of 2016 Record diluted earnings per share of $1.53, an increase of 23% Cash from operations of $1.4 billion Returned $461 million to shareholders through share repurchases and dividends Raises… Continue reading Press Release – Magna Announces Fourth Quarter and 2017 Results and Raises Quarterly Cash Dividend by 20%
Partnership agreed between Bosch and Munich Re
The Bosch Group is a leading global supplier of technology and services. It employs roughly 400,500 associates worldwide (as of December 31, 2017). According to preliminary figures, the company generated sales of 78 billion euros in 2017. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building… Continue reading Partnership agreed between Bosch and Munich Re
Airbus’ Vahana venture shows off video of its flying car’s first test flight in Oregon
News brief: Vahana, the Airbus-backed venture that’s developing a fleet of electric-powered air taxis, shared the results of its first flight test amid the prairies of eastern Oregon three weeks ago. But now there’s video showing the Alpha One octocopter landing on its airstrip at the Pendleton UAS Test Range. “During our minute-long flight, the… Continue reading Airbus’ Vahana venture shows off video of its flying car’s first test flight in Oregon
Tesla Hit With Lawsuit Claiming They Willingly Sold Defective Vehicles
In Brief A former Tesla employee is claiming that the company knowingly sold defective vehicles in the past, and fired him for reporting the alleged practice. Tesla is being hit with a lawsuit put forward by a former employee, who claims the company sold defective vehicles and fired him because he knew about it. The… Continue reading Tesla Hit With Lawsuit Claiming They Willingly Sold Defective Vehicles
Despite 'inappropriate behavior,' ousted Ford exec Nair keeps health and retirement benefits
Raj Nair, was Ford President of North America until Wednesday, when he was ousted for improper conduct. (Photo: Ford, Wieck) Raj Nair, the former president of Ford North America, will keep health and retirement benefits despite being ousted from the company for “inappropriate behavior.” He signed a two-year noncompete agreement with his former employer of… Continue reading Despite 'inappropriate behavior,' ousted Ford exec Nair keeps health and retirement benefits