Opel presents restructuring plan – without notice

Three months after the takeover by the French PSA group Opel has presented a reorganization concept: The car maker wants to renounce terminations and plant closures. Opel factory premises in Rüsselsheim Thursday, 09.11.2017 10:28 At its restart, the automaker wants Opel get by without operational redundancies and plant closures. Wage costs are to be reduced… Continue reading Opel presents restructuring plan – without notice

Aston Martin Suspends EV Partnership With Struggling Chinese Tech Firm LeEco

Aston Martin Lagonda Ltd, a British luxury sports car manufacturer, has suspended a previously announced partnership with struggling Chinese tech company LeEco to jointly develop electric vehicles for the global markets. It is unclear why Aston Martin decided to suspend the partnership, but it is most likely directly related to LeEco’s financial troubles as LeEco… Continue reading Aston Martin Suspends EV Partnership With Struggling Chinese Tech Firm LeEco

Yidao CEO blames LeEco for cash problems

Yidao CEO blames LeEco for cash problems · TechNode Jan 18, 2018 Dec 26, 2017 Oct 26, 2017 Jan 8, 2018 Dec 21, 2017 Aug 2, 2017 Jan 3, 2018 Dec 1, 2017 Aug 1, 2017 Dec 29, 2017 Dec 1, 2017 Jun 28, 2017

BMW announces record profit for 2016

In terms of sales and profits, BMW achieved record figures last year. However, the core business was weaker for the Group. BMW headquarters in Munich Thursday, 09.03.2017 13:35 clock BMW achieved a record profit last year. The bottom line was the car maker 6.9 billion euros, or eight percent more than last year. This was… Continue reading BMW announces record profit for 2016

Didi Ponders SoftBank-Led $6B Investment As China’s Ride Share Giant Suffers Volume Declines

China’s Uber equivalent Didi Chuxing is considering whether to take a US$6 billion investment backed by SoftBank Group Corp. – which could be the largest private fundraising for an Internet company anywhere, anytime – as the Chinese ride sharing giant suffers volume declines after regulations were rolled out across the country. SoftBank might be investing… Continue reading Didi Ponders SoftBank-Led $6B Investment As China’s Ride Share Giant Suffers Volume Declines