Category: News Site

Uber unit Careem sees speedier-than-expected recovery

Uber Technologies Inc-owned Middle East business Careem is seeing its ride service recover more quickly than expected from the coronavirus crisis, while its delivery business is larger than before the pandemic. Careem, which mainly operates in the Middle East, had originally forecast that its ride service would recover at the end of 2021, but now expects it to rebound earlier in the year with some… Continue reading Uber unit Careem sees speedier-than-expected recovery

Chinese EV charging operator Star Charge nabs $125m co-led by Schneider, CICC

Star Charge, an integrated solution provider for electric vehicle (EV) charging, has raised 855 million yuan ($125 million) in its Series A round jointly led by French global energy and automation digital solution developer Schneider Electric and Chinese CICC Capital’s sub-fund. The round also saw the participation of China Construction Bank’s Hong Kong-based investment arm… Continue reading Chinese EV charging operator Star Charge nabs $125m co-led by Schneider, CICC

German Handelsblatt: Change of leadership: Wayne Griffiths new boss of the Spanish VW subsidiary Seat000374

New Seat boss Wayne Griffiths VW boss Herbert Diess praised the Seat boss as one of the best managers in the entire group. (Photo: dpa) Barcelona Seat manager Wayne Griffiths has been appointed the new president of the Spanish VW subsidiary in the middle of the severe corona crisis. Griffiths will assume the office in… Continue reading German Handelsblatt: Change of leadership: Wayne Griffiths new boss of the Spanish VW subsidiary Seat000374

Inside Zenvo: the Danish supercar that does things differently – Motoring Research

Take a stroll along London’s Sloane Street and you’ll spot more Ferraris than you can shake a Gucci loafer at. But you’ll never see another Zenvo. Danish marque Zenvo builds just a handful of cars each year, making each one fabulously exclusive – and fearsomely expensive. If you have seven figures to spare and want… Continue reading Inside Zenvo: the Danish supercar that does things differently – Motoring Research

German Handelsblatt: Car manufacturer saves drastically: Daimler could cut workforce in Berlin engine plant in half 000371

Daimler engine plant in Berlin Munich The car manufacturer Daimler is starting to cut clear in its German engine plants. After it became known on Wednesday that the Mercedes manufacturer wants to cut every fifth position at its headquarters in Stuttgart Untertürkheim, there is likely to be an even worse threat in Berlin Marienfelde. The… Continue reading German Handelsblatt: Car manufacturer saves drastically: Daimler could cut workforce in Berlin engine plant in half 000371

ChargePoint to go public in $2.4bn reverse merger

ChargePoint to go public in $2.4bn reverse merger Read M&A insights you won’t find elsewhere Exclusive scoops Smart data to help spot risk and opportunity Analysis of broader trends in M&A Lex, our agenda-setting business commentary (Premium only) Due Diligence, an exclusive M&A newsletter (Premium only) Choose your subscription Trial Try full digital access and… Continue reading ChargePoint to go public in $2.4bn reverse merger

California governor orders ban on sale of gas-only cars within 15 years

California Gavin Newsom says ‘we can’t continue down this path’ as state grapples with historic fires and record temperatures An order by California’s governor would ban the sale of gas-only cars within 15 years. Photograph: David McNew/Getty Images California’s governor signed an executive order on Wednesday that would ban the sale of gas-only cars within… Continue reading California governor orders ban on sale of gas-only cars within 15 years

MG Motor India begins booking for Gloster SUV

L-R: Rajeev Chaba, president & MD, MG Motor India and Gaurav Gupta, chief commercial officer, MG Motor India unveil the MG Gloster SUV. British carmaker MG Motor India has unveiled its premium SUV offering the MG Gloster, which it says is the country’s first Autonomous (Level 1) vehicle. The Gloster SUV is as the OEMs… Continue reading MG Motor India begins booking for Gloster SUV

India’s Ola Electric looks to locally assemble its upcoming electric two-wheelers

Ola Electric is expected to launch its electric two-wheelers in the European market, with production already live in the Netherlands. SoftBank-backed Ola Electric is currently in the process of finalising the structure of manufacturing units in India, and it is looking to reduce dependence on the global supply chain by setting up a fully indigenous… Continue reading India’s Ola Electric looks to locally assemble its upcoming electric two-wheelers