Category: News Site

China Digest: Used car platform Cheduoduo, co-work space startup Distrii raise funds

June 14, 2018 Chinese startups Cheduoduo, a used-car platform, and co-working space operator Distrii have closed $17.7 million Series A investment and $23 million Series A+ funding round, respectively. China Growth Capital leads used-car platform Cheduoduo $17.7m Series A Beijing-based used-car trading platform Cheduoduo has secured $17.7 million in a Series A round led by… Continue reading China Digest: Used car platform Cheduoduo, co-work space startup Distrii raise funds

The legal fronts in the VW scandal

VW must pay a penalty of one billion euros because of the diesel affair. The legal processing will take but probably years. The overview. Volkswagen (icon) Wednesday, 13.06.2018 21:42 clock One billion euros fine – that’s the sum that the Prosecutor Braunschweig imposed because of the diesel scandal against Volkswagen Has. It is one of… Continue reading The legal fronts in the VW scandal

Carlos Ghosn could leave his post before 2022

A mission approaching its end. Carlos Ghosn told reporters from the Financial Times (FT) that he did not intend to spend “four more years” at the helm of Renault. The French businessman, at the head of the French car manufacturer since 2005, renewed his contract last February Thierry Bolloré was then named number 2 of… Continue reading Carlos Ghosn could leave his post before 2022

Magna to retrofit and scale up May Mobility’s self driving shuttles in the US

May Mobility, a Michigan-based startup that specialises in self-driving shuttles, has partnered with Canada-based Magna, a mobility technology company and one of the world’s largest automotive suppliers, to retrofit and scale up May Mobility’s fleet of self-driving shuttles set to enter the US market. Under this collaboration, Magna is retrofitting low-speed self-driving micro transit electric vehicles from the chassis up. The… Continue reading Magna to retrofit and scale up May Mobility’s self driving shuttles in the US

A Chennai girl’s rise from Madras University to General Motors’s first female CFO

In an industry not exactly known for its diversity, an iconic American carmaker has appointed its first female chief financial officer (CFO). And she’s from Chennai, India. On June 13, General Motors (GM), the maker of Buick, Cadillac, and Chevrolet cars, said that 39-year-old Dhivya Suryadevara will take over as CFO in September. Suryadevara joined… Continue reading A Chennai girl’s rise from Madras University to General Motors’s first female CFO

Mini boss: going electric is a real challenge

Mini is “the most urban car brand” but also one of the hardest to switch to full electric power due to the size of its vehicles, according to boss Peter Schwarzenbauer. Highlighting the upcoming Mini E, which will be built in Oxford from 2019, and the alternative version of the vehicle, which will be produced in… Continue reading Mini boss: going electric is a real challenge

Yves Caracatzanis, the new strongman of AvtoVAZ

As for all the new AvtoVAZ bosses, a surprise awaits Yves Caracatzanis: a huge aquarium installed for ages in the office of CEO at the top of the blue tower overlooking the huge 600-hectare complex of the post-Soviet Toliatti factory. Born in Marseille, married to a Corsican, this frequent visitor of the Island of Beauty… Continue reading Yves Caracatzanis, the new strongman of AvtoVAZ

GM names female CFO, broadening diversity at top

The Detroit News Published 12:07 p.m. ET June 13, 2018 | Updated 7:54 p.m. ET June 13, 2018 Dhivya Suryadevara will be GM’s first female CFO. (GM) (Photo: John F. Martin, John F. Martin for General Motor) General Motors Co. has named its first female chief financial officer, bringing further diversity to the executive ranks of the… Continue reading GM names female CFO, broadening diversity at top