The new round will, however, see Drivezy’s post-money valuation drop by nearly a quarter to $100 million, from the $135-million valuation it was seeking in its earlier funding talks in March, said one of the two people mentioned above, who did not wish to be named. “Drivezy is also evaluating shifting its headquarters to UAE… Continue reading India: Vehicle rental platform Drivezy in talks to raise up to $35m
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BASF to reduce 2,000 headcount from Global Business Services unit by end-2022
BASF is planning realignment of its Global Business Services unit. The division was set up on January 1, 2020, as part of the implementation of BASF’s corporate strategy. As of that date, around 8,400 employees worldwide were transferred to Global Business Services and since then have been providing services for BASF’s business units, ranging from… Continue reading BASF to reduce 2,000 headcount from Global Business Services unit by end-2022
Chinese smart petrol service platform Nucarf bags nearly $100m
Nucarf Group, an intelligent petrol solution platform for the logistics industry, has garnered approximately $100 million in its Series A and A+ rounds of funding, the company announced on WeChat on Tuesday. The Series A round of financing was led by returning investor Eastern Bell Capital and joined by Xiamen C&D Corporation Limited’s subsidiary C&D… Continue reading Chinese smart petrol service platform Nucarf bags nearly $100m
German Manager Magazin: Tesla Battery Day: Elon Musk slows down battery euphoria000153
Tesla-Boss Elon Musk (49) tried to curb the self-generated hype about the “Battery Day” he staged. The event, which was already announced for Tuesday in 2019, had aroused great expectations. Tesla’s share price had also risen against the market at the beginning of the week, the company is now around four and a half times… Continue reading German Manager Magazin: Tesla Battery Day: Elon Musk slows down battery euphoria000153
Teleworking: PSA is leading its revolution in discretion
Posted on Sep 22, 2020 at 11:15 a.m. In recent days, some 40,000 PSA employees around the world (including 18,000 in France) have switched to a new work organization almost without realizing it. Since the beginning of September, teleworking 3.5 to 4 days a week has indeed become the rule for all employees “not directly… Continue reading Teleworking: PSA is leading its revolution in discretion
Mercedes EQA: The electric A-Class is delayed
The Mercedes EQA should be a highlight of the year, but the compact electric car from Daimler is coming later than planned. (Electric car, technology) Go to source
Environmental protection: Great Britain wants to ban combustion engines from 2030
The planned ban on combustion engines in Great Britain is to be brought forward from 2035 to 2030. This should not only benefit the environment. (Electric car, GreenIT) Go to source
Ford India launches Endeavour Sport at Rs 35.10 lakh
Ford India has launched the Endeavour Sport at Rs 35.10 lakh (ex-showroom, Delhi). The new variant – which is based on the Titanium+ 4×4 trim – adds blacked-out cosmetic elements to the Endeavour’s exterior in a bid to give the SUV a sportier look. Compared to the standard Endeavour, the Endeavour Sport gets a raft… Continue reading Ford India launches Endeavour Sport at Rs 35.10 lakh
Tata Motors’ 300,000th Tiago rolls out from Sanand plant
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India: US firm HAAH Automotive reaches out to M&M to invest in SsangYong
US-based automobile distributor HAAH Automotive Holdings has reached out to India’s Mahindra & Mahindra Ltd (M&M) with an offer to invest USD 258 million in the latter’s Korean subsidiary SsangYong Motor Company, according to a report by the news agency Korean Investors. The report said that Indian automobile manufacturer, which owns 75% stake in SsangYong Motor,… Continue reading India: US firm HAAH Automotive reaches out to M&M to invest in SsangYong