Tech Mahindra Q1 Revenue up 13% YoY EBITDA up 45% and PAT up 12% YoYUSD Revenue grew 0.3% QoQ, in CC terms Mumbai, July 30, 2018: Tech Mahindra Ltd., a specialist in digital transformation, consulting and business reengineering today announced the audited consolidated financial results for its first quarter ended June 30, 2018. Financial highlights… Continue reading Tech Mahindra Q1 Revenue up 13% YoY
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How Careem’s growth is driving affordability and choice… and we…
Careem’s growth and the idea of what we provide can differ depending on who you are and where you live. For some people in a place like Dubai, Careem might be the Lexus you book to take you to the airport. In Egypt, it’s the motorbike you get when you need to beat the traffic and get across Cairo in a hurry. In Pakistan it’s the tuk tuk you use to get to work every day. We are, of course, all those things and more, but why we are all those things is the important part.
Our focus is on making our service affordable for the masses and helping to solve the transport issues that we’ve seen across all our markets. To do this we have been diversifying our vehicle types across all markets because the tech infrastructure we have built can support multiple vehicle types.
It started with cars. For example, when we first launched in Cairo, we did so with just ten cars which, in hindsight, is ridiculously few for a city that large. Someone would open the app and it said you’ll get a car in 90 mi..
Tesla shares drop after carmaker reportedly asks its suppliers for refunds to reach profitability
Tesla is slated to report its June quarter earnings results on Aug. 1. In May, Tesla said it expects positive GAAP net income in its third and fourth quarters. The latest report calls into question the state of Telsa’s financial position. The company lost nearly $2 billion last year and burned about $3.4 billion in… Continue reading Tesla shares drop after carmaker reportedly asks its
suppliers for refunds to reach profitability
Fiat Chrysler loses Sergio Marchionne with bumpy road ahead
Fiat Chrysler Automobiles was facing an uncertain future even before the man who led its unlikely turnaround became gravely ill. After he became incapacitated from complications with a shoulder surgery, the company was forced to hastily replace Sergio Marchionne as chief executive over the weekend. Fiat Chrysler now must find a way to deal with… Continue reading Fiat Chrysler loses Sergio Marchionne with bumpy road
ahead
Fiat Chrysler’s Europe head resigns after Marchionne’s replacement named
Fiat Chrysler’s European chief is leaving the company after it promoted Mike Manley, head of the Jeep brand, to CEO.
General Motors jumps into peer-to-peer car sharing
Helen H. Richardson | The Denver Post | Getty Images A Chevy Volt and a GMC Acadia, parked on Little Raven Court, are available for car share through a new app from Maven in Denver. Looking to make money renting out your car or truck?
Auto industry legend CEO Sergio Marchionne dies at age 66
Former Fiat Chrysler (FCA) CEO Sergio Marchionne, who played a pivotal role in two corporate turnarounds, has died at the age of 66.
Harley-Davidson CEO rolls out expanded lineup of smaller bikes, calls Trump tweets ‘unfortunate attention’
The company is expanding its push overseas, particularly in India and China, and it’s launching its first electric motorcycle, LiveWire, next year with additional models through 2022. Harley is increasingly investing in production facilities overseas to avoid tariffs. In India, tariffs double the cost of a bike. Trump has criticized the company’s international investments. He… Continue reading Harley-Davidson CEO rolls out expanded lineup of smaller
bikes, calls Trump tweets ‘unfortunate attention’
UBS predicts Tesla shares will drop 30% in 12 months as company likely to raise capital
Tesla shares will fall significantly because the company will not be profitable in 2019, according to UBS.
Mitsubishi Motors Announces Production, Sales and Export Figures for June 2018 and First Half of Calendar 2018
* Includes imports to Japan * Beginning fiscal 2012, locally branded models produced in China, which to date had been included in the output figure for China, are now excluded [ Summary : June 2018 ] < Domestic Production > June 2018･･･Fourth consecutive monthly year-on-year increase since February, 2018 ( 119.8% year-on-year ) <… Continue reading Mitsubishi Motors Announces Production, Sales and Export Figures for June 2018 and First Half of Calendar 2018