SEOUL (Reuters) – Hyundai Motor (005380.KS) on Monday conducted due diligence on a contract car manufacturing plant site for possible investment, as the South Korean firm seeks ways to cut costs and conserve capital to develop new technologies such as electric vehicles. FILE PHOTO: The logo of Hyundai Motor is seen at its dealership in… Continue reading Hyundai Motor says reviews investing in contract manufacturing
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Lyft is reportedly close to buying the company behind Ford GoBike and Citi Bike
Lyft is getting close to acquiring Motivate, the company responsible for Ford GoBike in the San Francisco Bay Area and Citi Bike in the New York City area, The Information reports. The deal will reportedly be worth at least $250 million. Lyft declined to comment and Motivate wasn’t available for comment at the time of… Continue reading Lyft is reportedly close to buying the company behind Ford GoBike and Citi Bike
Tata Motors sharpens focus on electric mobility, appoints Shailesh Chandra as president of EV biz
In a bid to capture the opportunities arising out of new mobility trends and to bring about organisational focus and alignment, Tata Motors has announced the appointment of Shailesh Chandra to lead the company’s electric mobility business in addition to his current responsibility. Chandra has been promoted as president— Electric Mobility Business & Corporate Strategy,… Continue reading Tata Motors sharpens focus on electric mobility, appoints Shailesh Chandra as president of EV biz
Automotive: software accused of inflating prices of spare parts
Several carmakers, including Renault, PSA and Jaguar Land Rover, have inflated more than a billion dollars (about 850 million euros) in ten years the turnover they perform on spare parts through software, according to court documents. This software, marketed by Accenture , identifies the parts that consumers think are more expensive than they actually are.… Continue reading Automotive: software accused of inflating prices of spare parts
China’s automaker Protean Electric closes $40m Series E round
June 4, 2018 Chinese automaker Protean Electric has closed a $40 million equity investment in its series E funding round led by Shenzhen-listed Weifu High-Technology Group and existing investor Oak Investment Partners. According to a press release, the funding will be utilised to support Protean’s ongoing business activities and to help establish a global licensing… Continue reading China’s automaker Protean Electric closes $40m Series E round
A 25000-Mile Road Trip Set Sanchez on Path to Power in Spain
LISTEN TO ARTICLE SHARE THIS ARTICLE On the way to the 2015 election’s biggest debate, Pedro Sanchez’s team were psyching up the candidate. Their strategy hinged on nailing Prime Minister Mariano Rajoy for his ties to a party corruption racket. They’d rehearsed the line — Rajoy wasn’t fit to hold the office — and they… Continue reading A 25000-Mile Road Trip Set Sanchez on Path to Power in Spain
Auto: Comment un logiciel gonfle les prix des pièces de rechange
par Tom Bergin et Laurence Frost Plusieurs constructeurs automobiles, parmi lesquels Renault, PSA et Jaguar Land Rover, ont gonflé de plus d’un milliard de dollars (850 millions d’euros environ) en dix ans le chiffre d’affaires qu’ils réalisent sur les pièces de rechange grâce à un logiciel, selon des documents de justice. /Photo d’archives/REUTERS/Benoit Tessier LONDRES/PARIS… Continue reading Auto: Comment un logiciel gonfle les prix des pièces de rechange
Car makers used software to raise spare parts prices
Reuters/Benoit Tessier Ever had the nagging suspicion that your car’s manufacturer was charging outrageous prices for parts simply because it could? Software might be to blame. Reuters has obtained documents from a lawsuit indicating that Jaguar Land Rover, Peugeot, Renault and other automakers have been using Accenture software (Partneo) that recommended price increases for spare… Continue reading Car makers used software to raise spare parts prices
Ant Financial backs $321m round in Hellobike as another Chinese unicorn emerges
June 4, 2018 China’s bike-sharing firm Hellobike has raised RMB2.06 billion ($321 million) in its latest funding round from Alibaba Holding Ltd’s Ant Financial, giving the startup a valuation of $1.47 billion, creating yet unicorn in China. According to a security filing by Hellobike-owner Youon Bike, Ant Financial is now the largest shareholder with a… Continue reading Ant Financial backs $321m round in Hellobike as another Chinese unicorn emerges
How carmakers hike spare parts prices by using software and stealth
London CARMAKERS including Renault, Jaguar Land Rover (JLR) and Peugeot have boosted revenues by over US$1 billion in the past decade by using sophisticated pricing software, according to sales presentations prepared by the software vendor, Accenture, and other documents filed in a court case. The software works, Accenture told prospective clients, by identifying which spare… Continue reading How carmakers hike spare parts prices by using software and stealth