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China’s Didi Chuxing is poised to expand into hotel bookings

China’s largest ride-hailing app Didi Chuxing is entering the hotel-booking business as it strives to recover from two highly publicized murders of female passengers by drivers on its platform. That’s according to Chinese business magazine Caijing and tech news site 36kr (links in Chinese). R-Lab, the unit in charge of Didi’s new venture, is aptly… Continue reading China’s Didi Chuxing is poised to expand into hotel bookings

Witness charged VW Supervisory Board Pötsch

Thursday, 25/10/2018 17:46 The Chairman of the Supervisory Board of the VW Group, Hans Dieter Pötsch, gets in the exhaust affair more under pressure. A witness charged the former CFO in a statement before the prosecutor Braunschweig, because of the Suspected of market manipulation determined against Pötsch. The then for the approval of Volkswagen Legal… Continue reading Witness charged VW Supervisory Board Pötsch

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CFO Uebber wants to leave Daimler

It was similar with Siemens and Thyssen Krupp. Also there were always more demands for splitting the company from the side of “investors” come. More and more parts of the company are being […] Quote from cynical europeans What nonsense you make of yourself. First and foremost, the starting point is completely different: on the… Continue reading CFO Uebber wants to leave Daimler

BMW acquires majority stake in Chinese joint venture

Thursday, 11/10/2018 08:47 clock BMW will become the first foreign automaker to acquire a majority stake in a joint venture in China. BMW will share its stake in the joint venture Brilliance China Automotive from 50 to 75 percent, the company announced on Thursday. The purchase price for the additional 25 percent stake amounts to… Continue reading BMW acquires majority stake in Chinese joint venture

Opel brings PSA strong sales growth

Thursday, 25/10/2018 10:00 a.m The French car maker PSA has been able to further increase its sales. PSA registered in Rueil-Malmaison Paris a plus of 7.8 percent in the third quarter compared to the same period last year quarter , The conversion had grown accordingly to 15.4 billion euros. PSA includes the brands Citroën .… Continue reading Opel brings PSA strong sales growth

Daimler’s share is going down

Friday, 19/10/2018 15:51 clock The car company Daimler has again lowered its earnings expectations for the current year. For 2018, the Group now expects earnings before interest and taxes (EBIT) “well below the previous year’s level”. The shares of the company slumped in the afternoon by up to seven percent to the lowest level since… Continue reading Daimler’s share is going down

VW boss calls for more objective debate

Friday, 26/10/2018 11:25 clock In the dispute over possible diesel bans on dirty air in German cities has VW CEO Herbert Diess a criticized too emotional discussion. “We already see responsibility for ourselves, especially at Volkswagen “he said on Thursday on the ZDF broadcast” Maybrit Illner Nevertheless, I consider the discussion we are conducting now… Continue reading VW boss calls for more objective debate

Ericsson and Fujitsu partner on 5G

Ericsson and Fujitsu have announced a 5G partnership, with plans to combine their radio access and core network portfolios to deliver 5G mobile network services and solutions across Japan. “Ericsson and Fujitsu’s strength in research and development will ensure the best path for bringing global 5G solutions to Japan, as well as exploring a wider… Continue reading Ericsson and Fujitsu partner on 5G