Chinese ride-hailing giant Didi Global will delist from the New York Stock Exchange, after a majority of the company’s shareholders voted in favor of the plan, putting to rest a year-long clash with Beijing over its U.S. stock market listing. In an extraordinary general meeting (EGM) held on Monday, 96.26% of shareholders who were present… Continue reading Majority shareholders vote for delisting of Chinese ride-hailer Didi from NYSE
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Skoda Afriq is one-off, Kamiq-based Dakar weapon
Skoda has revealed a rally-ready one-off version of its Kamiq SUV, which has been designed by 25 of its apprentices. Called the Skoda Afriq, it features a wider front to the Skoda Kamiq, along with a single central exhaust, welded roll-cage and chunky rally-spec tyres. Front floodlights and a rear wing have also been added,… Continue reading Skoda Afriq is one-off, Kamiq-based Dakar weapon
New 2022 Ford Ranger Raptor brings 284bhp petrol V6 for £57,340
The new version of the hardcore Ford Ranger Raptor pick-up has swapped its 2.0-litre turbo diesel engine for a substantially more powerful 3.0-litre petrol V6 and undergone a radical redesign influenced by the US-market F-150 Raptor. Available to order now from £57,340, it is the first version of the new fourth-generation Ranger to go on sale in Europe,… Continue reading New 2022 Ford Ranger Raptor brings 284bhp petrol V6 for £57,340
New Mercedes-Maybach SL to rival Bentley Continental GT
Mercedes is readying an ultra-luxurious Maybach version of its new SL roadster to rival the Bentley Continental GT Convertible as part of its greater focus on its highest-margin products. Previewed on Instagram by Mercedes design boss Gorden Wagener, the first-ever Mercedes-Maybach SL will be distinguished by a fully chromed grille, Maybach emblems imprinted on the bonnet and a freestanding three-pointed… Continue reading New Mercedes-Maybach SL to rival Bentley Continental GT
Formula 1 talking points from the Spanish GP
Max Verstappen leads the Formula 1 World Championship for the first time this season after victory in the Spanish Grand Prix. Ferrari’s Charles Leclerc looked assured of an easy win, dominating the race from pole position until his engine let go with an unspecified problem on lap 27. As such, Red Bull earned a one-two… Continue reading Formula 1 talking points from the Spanish GP
Rovanpera extends WRC lead with victory in Portugal
With the dust having settled over Rally Portugal, the result is that 21-year-old Toyota driver Kalle Rovanperä extends his championship lead – the youngest ever to head the series. But that’s far from the full story. Portugal – always known for being the first proper indicator of what the real pecking order is, after a series of… Continue reading Rovanpera extends WRC lead with victory in Portugal
Polestar 3 to be shown in October before 2023 deliveries
The new Polestar 3 SUV will be unveiled in October this year, before deliveries start in the first quarter of 2023. Polestar mentioned the reveal date as part of its Q1 2022 earnings report, in which it also announced that it had achieved record sales in the first four months of the year, despite ongoing supply-chain issues. The… Continue reading Polestar 3 to be shown in October before 2023 deliveries
Didi’s delisting now done deal
Chinese ride-hailing giant Didi’s shareholders have voted to delist the company from the NYSE. The decision is a long-expected result of the company finding itself in hot water with the Chinese government after a rushed and later troubled public-market debut in the United States. Didi went public in the middle of 2021 in an offering… Continue reading Didi’s delisting now done deal
The Station: All the news out of TC Sessions: Mobility, #PoorElon and a sobering NHTSA report
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hi frens, welcome back to The Station, your weekly guide to everything going on in the world of transportation. First up, TechCrunch finally got back onstage and in-person… Continue reading The Station: All the news out of TC Sessions: Mobility, #PoorElon and a sobering NHTSA report
Y Combinator-backed fintech Pebble uses stablecoins to offer 5% yield on cash
As equities continue to trade down from recent peaks, investors are searching for higher returns. Some have turned to the crypto-based decentralized finance (DeFi) realm, where yields from lending and staking cryptocurrency can range from 1% to as high as 15% for riskier projects. Others are looking at high-yield savings accounts like the one from… Continue reading Y Combinator-backed fintech Pebble uses stablecoins to offer 5% yield on cash