Swiggy is cutting about 1,000 jobs, most from its cloud kitchen division, as India’s top food delivery startup scales back some of its businesses in response to the coronavirus pandemic that has drastically affected millions of firms. In a statement, the Bangalore-based startup said it was “evaluating various means to stay nimble and focus on… Continue reading Indian food delivery startup Swiggy is cutting about 1,000 jobs
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No takers: Hyundai cars sit in U.S. ports as virus keeps buyers away
SEOUL (Reuters) – As Detroit’s automakers shut production in March due to the coronavirus pandemic, South Korea’s Hyundai Motor cranked up its factories back home to ship cars to the United States, a move that is proving costly for the world’s fifth-largest auto group. FILE PHOTO: A man walks past the logo of Hyundai Motor… Continue reading No takers: Hyundai cars sit in U.S. ports as virus keeps buyers away
GM to end Maven car sharing service after four years
CLOSE General Motors’ car sharing service, Maven, provides access to vehicles for short-term rental. (Photo: John F. Martin, John F. Martin for General Motor) General Motors is ending its app-based car sharing service, Maven, after four years in operation. The automaker alerted its 230,000 customers Tuesday that, “Effective immediately, Maven Car Sharing will no longer be available.”… Continue reading GM to end Maven car sharing service after four years
Fiat Chrysler draws down on 6.25 billion euro credit facility
FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is at the U.S. headquarters in Auburn Hills, Michigan, U.S. May 25, 2018. REUTERS/Rebecca Cook/File Photo (Reuters) – Fiat Chrysler Automobiles N.V. (FCAU.N) (FCHA.MI) said on Tuesday it had drawn down on a 6.25 billion euro ($6.79 billion) credit line to buffer its cash reserves during the… Continue reading Fiat Chrysler draws down on 6.25 billion euro credit facility
GM exits car-sharing business and shuts down Maven
GM’s experiment with car sharing is over. The automaker Tuesday said its Maven car-sharing service, which launched in 2016, will shut down for good. Maven had paused service due to the COVID-19 pandemic. The company sent an email to customers Tuesday that after examining the business, the car-sharing industry and COVID-19, it decided to shutter… Continue reading GM exits car-sharing business and shuts down Maven
Fuel pump problem forces Subaru to recall over 200K vehicles
Share This Story! Let friends in your social network know what you are reading about Fuel pump problem forces Subaru to recall over 200K vehicles Subaru is recalling just over 200,000 cars and SUVs in the U.S. and Canada because fuel pumps can fail and cause engines to stall Post to Facebook Sent! A link… Continue reading Fuel pump problem forces Subaru to recall over 200K vehicles
UPDATE 1-Fiat Chrysler to resume Ducato van production at Italy’s Sevel plant
MILAN (Reuters) – Fiat Chrysler (FCHA.MI) plans to resume production of its Ducato light commercial vehicles at its Sevel plant in central Italy on April 27, a week before a national lockdown imposed by the Rome government is due to end, unions said on Tuesday. FCA intends to make use of a provision in Italy’s… Continue reading UPDATE 1-Fiat Chrysler to resume Ducato van production at Italy’s Sevel plant
HyreCar Helps Unemployed Drivers Find Work
Regardless of whether or not an individual is interested in obtaining a rideshare vehicle, HyreCar is actively pursuing ways to connect unemployed drivers with understaffed logistics and delivery companies. Photo via Elvert Barnes/Flickr. HyreCar, the carsharing marketplace for ridesharing and food and package delivery services, is leveraging its expertise, resources, and network in order to help… Continue reading HyreCar Helps Unemployed Drivers Find Work
Cruise hires PG&E board chairman Jeff Bleich as chief legal officer
Cruise, the subsidiary of GM that also has backing from SoftBank Vision Fund, automaker Honda and T. Rowe Price & Associates, is turning to a heavy hitter to head up its legal team. The autonomous vehicle technology company has hired Jeff Bleich, board chairman of utility Pacific Gas & Electric, as its chief legal officer.… Continue reading Cruise hires PG&E board chairman Jeff Bleich as chief legal officer
UPDATE 1-Chinese electric vehicle maker BYD’s profit slumps after subsidy cuts
FILE PHOTO: A logo of BYD is painted inside an assembly line of the automobile maker in Shenzhen, China May 25, 2016. REUTERS/Bobby Yip BEIJING (Reuters) – Chinese electric vehicle maker BYD Co Ltd (002594.SZ), (1211.HK) reported on Tuesday a 42% drop in 2019 profit, saying cuts in government subsidies and emissions rules changes had… Continue reading UPDATE 1-Chinese electric vehicle maker BYD’s profit slumps after subsidy cuts