Ofo bike-sharing bicycles are pictured in Singapore August 29, 2017. REUTERS/Edgar Su (Reuters) – Chinese bike-sharing startup Ofo, backed by Alibaba Group Holding Ltd (BABA.N), has “immense” cash flow problems and has considered applying for bankruptcy, the Financial Times reported on Wednesday. Cash flow problems for the company have become acute, the FT reported, citing… Continue reading Chinese bike-sharing startup Ofo considering bankruptcy -FT
Category: News Site
Shell acquires 49% stake in Singapore-headquartered Cleantech Solar
December 19, 2018 Royal Dutch Shell has agreed to acquire a 49 percent stake in Asia-focused firm Cleantech Solar, the energy giant’s second investment in solar power this year. The Anglo-Dutch company will have an option to increase its holding in Cleantech after 2021. The deal is expected to close in January 2019. Cleantech Solar develops, owns… Continue reading Shell acquires 49% stake in Singapore-headquartered Cleantech Solar
Exclusive: Renault-Nissan finances draw scrutiny in Ghosn scandal – documents
PARIS/TOKYO (Reuters) – Renault-Nissan (RENA.PA)(7201.T) executives including the French carmaker’s general secretary Mouna Sepehri worked on an abortive 2010 plan to pay out Chairman Carlos Ghosn’s deferred Nissan compensation through the companies’ shared Dutch holding, according to documents seen by Reuters. FILE PHOTO: Carlos Ghosn attends the Paris Auto Show, in Paris, France, October 1,… Continue reading Exclusive: Renault-Nissan finances draw scrutiny in Ghosn scandal – documents
Nissan’s Saikawa did not meet one-on-one with Renault’s Bollore – source
YOKOHAMA, Dec 19 (Reuters) – Nissan Motor Co CEO Hiroto Saikawa did not meet one-on-one with Thierry Bollore, the deputy CEO of Renault SA, during a meeting in Amsterdam, a source familiar with the matter said. Saikawa has already returned to Japan, a source familiar with the matter said. The two companies held talks as… Continue reading Nissan’s Saikawa did not meet one-on-one with Renault’s Bollore – source
Dealers ‘miss out’ on £17m of service revenue claims VHC firm
The UK’s franchised dealers have missed out on more than £17m worth of service revenue in the final months of 2018. Data from electronic vehicle health check provider autoVHC has highlighted a sharp drop in the percentage of completed health checks during October and November of this year. According to autoVHC, the average dealership completed… Continue reading Dealers ‘miss out’ on £17m of service revenue claims VHC firm
Sinclair Group acquires first Land Rover outlet
The Sinclair Group has strengthened its standing as Wales’ largest franchised retailer by adding another premium brand to its portfolio. It has bought Likes Land Rover at Hay-on-Wye from Walters Group, and is to rebrand it Sinclair Land Rover. All 35 staff employed at the site will be transfered into the Sinclair Group. Founded in 1945 and… Continue reading Sinclair Group acquires first Land Rover outlet
New CO2 limits: Transport Minister demands changes in strategy from car makers
DPA “There will also have to be a change in strategies”: Federal Transport Minister Andreas Scheuer In the dispute over lower CO2 limits, the Federal Government wanted to play no longer the guardian angel for Daimler, VW and Co. Now Federal Transport Minister Andreas Scheuer is calling on corporations to adapt their strategies and business… Continue reading New CO2 limits: Transport Minister demands changes in strategy from car makers
Self-driving, electric transport will eventually be like a public utility — here’s why that could be bad for Tesla (TSLA)
Autonomous and electric transportation will eventually resemble utilities like electricity, gas, or phone service, Morgan Stanley said in a note to clients on Tuesday. That could spell trouble for Tesla, the investment bank said, as it may not retain access to data from the vehicles it builds in China. Read more: A drone video claims… Continue reading Self-driving, electric transport will eventually be like a public utility — here’s why that could be bad for Tesla (TSLA)
Hyundai: unlock the vehicle by fingerprint
The South Korean vehicle manufacturer Hyundai wants to integrate a fingerprint scanner into its vehicles. The fingerprint on the smartphone has long arrived and now, so the will of Hyundai, should also be able to open and start the car. Hyundai: door opening with fingerprint scan. Source korea joongang daily On Monday, the car manufacturer… Continue reading Hyundai: unlock the vehicle by fingerprint
Volkswagen will have to accelerate in the electric car, says his boss
Volkswagen could be forced to give a boost to its project of mass production of electric vehicles in order to respect European targets for reducing polluting emissions in the automobile, higher than expected the German group, said Tuesday, December 18, its chairman of the board. The EU Member States and the European Parliament agreed on… Continue reading Volkswagen will have to accelerate in the electric car, says his boss