MOSCOW (Reuters) – Russian internet company Yandex’s (YNDX.O) joint venture with Uber (UBER.N) has agreed to buy Russian taxi firm Vezet’s core business, further cementing Yandex’s role as a major online taxi operator in Russia and neighboring countries. Taxi, ride sharing and car sharing services have been booming in Russia over the last couple of… Continue reading UPDATE 2-Yandex’s joint venture with Uber to buy smaller Russian taxi firm’s assets
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Ford watches, waits as Volkswagen decides whether to expand alliance
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Yandex, Uber JV to buy Vezet’s Russian assets in expansion push
Russian internet company Yandex NV said on Monday its ride-sharing and food delivery joint venture with Uber had agreed to buy intellectual property and local call centres from Vezet group as it plans further expansion in the country. Yandex and Uber Technologies Inc combined their taxi businesses across Russia, Armenia, Azerbaijan, Belarus, Georgia and Kazakhstan in 2017… Continue reading Yandex, Uber JV to buy Vezet’s Russian assets in expansion push
China’s Didi Chuxing to open its app to third-party ride-hailing firms
China’s biggest ride-hailing company Didi Chuxing will allow users of its smartphone app to access services provided by apps of three domestic auto firms and others, in a push to generate more orders. Didi said in a statement on Monday it has opened its ride-hailing platform to third parties including those of FAW Group, Dongfeng Motor and Guangzhou… Continue reading China’s Didi Chuxing to open its app to third-party ride-hailing firms
The dealers offered discounts of 4,204 euros on average per car sold in the first half
This discount figure is a decrease of 0.56% compared to the average for the first half of last year. The promotional efforts by dealers continue in a period where sales are not accompanying. According to the MSI consultancy, Spanish dealers made an average discount of 4,204 euros per car sold during the first six months… Continue reading The dealers offered discounts of 4,204 euros on average per car sold in the first half
The average price of registered vehicles rose by 0.8% in June
The rise in the price of cars in June contrasts with the drop in the Consumer Price Index (CPI). According to data published by the National Institute of Statistics (INE), the average price of cars registered during the month of June experienced an annual increase of 0.8%. This figure contrasts with the general trend of… Continue reading The average price of registered vehicles rose by 0.8% in June
Ashok Leyland’s Pantnagar plant to be shut for 9 days due to weak demand
Ashok Leyland’s Pantnagar plant to be shut for 9 days due to weak demand
Ford, UAW to kick off contentious contract talks
DETROIT (Reuters) – The United Auto Workers and Ford Motor Co (F.N) will officially launch talks on a four-year contract on Monday that are expected to be contentious, with rising healthcare costs, job security and the use of temporary workers expected to be major sticking points. FILE PHOTO: United Auto Workers (UAW) union President Gary… Continue reading Ford, UAW to kick off contentious contract talks
In the flow of time
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UPDATE 1-Yandex, Uber JV to buy Vezet Russian assets in expansion push
(Adds details, comments) By Anna Rzhevkina and Nadezhda Tsydenova MOSCOW, July 15 (Reuters) – Russian internet company Yandex NV said on Monday its ride-sharing and food delivery joint venture with Uber had agreed to buy intellectual property and local call centres from Vezet group as it plans further expansion in the country. Yandex and Uber… Continue reading UPDATE 1-Yandex, Uber JV to buy Vezet Russian assets in expansion push