Category: News Site

China’s Uber-Like Trucking Unicorns Merge As Sharing Economy Consolidates

After years of explosive growth, China’s vast sharing economy is entering consolidation mode. The latest merger news comes from Chinese Uber-like truck logistics leaders Yumanman and Huochebang, both valued at US$1 billion on China Money Network’s China Unicorn Ranking. The deal may herald more mega-mergers in the sharing space due to intense competition and overlapping business… Continue reading China’s Uber-Like Trucking Unicorns Merge As Sharing Economy Consolidates

Mercedes-Benz calls more than a million cars back

Tuesday, 17/10/2017 09:47 clock Because of defective cables on the steering column, Mercedes-Benz wants to recall more than one million cars worldwide to the workshops. Among them are 400,000 vehicles of various series in the UK and several hundred thousand in Germany, said a Mercedes spokesman. Affected are Class A, B, C and E cars… Continue reading Mercedes-Benz calls more than a million cars
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EU investigators also visit Daimler and VW

The allegations of antitrust-relevant collusion, the EU investigators now go directly to Daimler and VW. They examine documents of the car companies – as before at BMW. Mercedes E coupe Monday, 23.10.2017 6:00 pm Investigations by the EU Commission regarding cartel allegations against German carmakers are gaining momentum. After last week already BMW had visit… Continue reading EU investigators also visit Daimler and VW

“Unannounced exam” at BMW

In the course of the cartel allegations against the German auto industry uncovered by SPIEGEL, auditors of the EU Commission have made representations to BMW. Meanwhile, Daimler admitted that it had applied for leniency. The headquarters of the car manufacturer BMW in Munich. Friday, 20.10.2017 18:22 clock In the case of a suspected cartel against… Continue reading “Unannounced exam” at BMW