Category: News Type

Tesla says orders placed by October 15 eligible for full tax credit

(Reuters) – Electric carmaker Tesla Inc said bit.ly/2NCbs1r all orders for its vehicles placed by Oct. 15 are eligible for full federal tax credit of $7,500 and such customers will get their cars delivered by the end of the year. FILE PHOTO: Rows of the new Tesla Model 3 electric vehicles are seen in Richmond,… Continue reading Tesla says orders placed by October 15 eligible for full tax credit

BMW mulls additional recall plan for EGR-carrying models

SEOUL, Oct. 12 (Yonhap) — BMW Korea is reviewing a recall plan for the 118d sedan and other models not subject to the latest recall following engine fires in the 520d sedan, the transport ministry said Friday. BMW Korea is in the process of recalling over 106,000 BMW cars to fix the exhaust gas recirculation… Continue reading BMW mulls additional recall plan for EGR-carrying models

Dongfeng Motor reaps reform rewards with big global strides

Copyright 1995 – . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested… Continue reading Dongfeng Motor reaps reform rewards with big global strides

Daimler, Geely eye ride-hailing JV in China

Copyright 1995 – . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested… Continue reading Daimler, Geely eye ride-hailing JV in China

UPDATE 6-BMW to buy control of China venture in ‘new era’ for foreign carmakers

SHENYANG, China (Reuters) – Germany’s BMW (BMWG.DE) will pay 3.6 billion euros ($4.2 billion) to take control of its main joint venture in China, the first such move by a global carmaker as Beijing starts to relax ownership rules for the world’s biggest auto market. The luxury carmaker said on Thursday it would increase its… Continue reading UPDATE 6-BMW to buy control of China venture in ‘new era’ for foreign carmakers

Does Faraday have a Future? Latest financing disrupted—again

Faraday Future completes first pre-production FF91 on August 28, 2018
Faraday's Future has hit another snag, in a dispute with the company's latest investors.

The development of the luxury electric Faraday Future FF91, has been a roller-coaster ride of winning financing, running into disputes, delaying the car, and finding new investors.

DON'T MISS: Faraday Future gets a $2 billion lifeline to build expensive crossover

The latest round of $2 billion in financing announced in June by a Hong Kong investment company, allowed the company to produce its first production prototype of the FF91 luxury electric SUV.

Now that financing is in doubt after Faraday filed an arbitration suit against Evergrande Health, the Hong Kong investment company saying it hasn't produced the first $700 million round of promised funding. Evergrande responded that Faraday had not met investment targets to release the money.

CHECK OUT: Faraday Future factory completes its first full car (Updated)

In the on-again-off-again saga of Faraday Future's development of a high-end luxury electric car, the company introduced the car with a flashy evening reveal at the Consumer Electronics show in 2017 and broke ground on what was expected to be a massive factory in Las Vegas.

No sooner had the cornerstone been laid than financing evaporated, and the car went into hibernation.

READ MORE: Faraday Future unveils FF 91, its first production electric car; deposits open, no price given

Since then, the company has secured liquidity and run aground twice. An investment last fall allowed the company to lease a former Pirelli tire factory in California's Central Valley. Another round of funding last February quickly evaporated, before Evergrande threw Faraday a lifeline in June.

With Faraday now running into rocky shoals again, it's not clear who or what might bail them our now—and enable the production they'd been working toward.

Careem now offers employees unlimited vacation – here’s why

Unlimited vacation – sounds too good to be true, right?

But at Careem we believe that rest and recuperation are crucial to our health and well-being, and Careem is a busy, exciting and challenging place to work – we know how much everyone gives in pursuit of our purpose. Therefore, we want to make sure that our people take breaks to refresh and recharge, so we’ve adopted an unlimited vacation policy.

In other words, Careem colleagues can take as many vacation days as they like each year.

We also trust those colleagues to take ownership and responsibility, which means we don’t need to mandate work/life balance. We want everyone to feel empowered to make decisions that are in their own best interests and the interests of Careem and we trust our colleagues to manage their tasks and projects.

This policy is built on a foundation of trust and we want our teams to feel like they can take leave when they like, for as long as they like. We’re not the first company to do this, but it’s stil..