Funding for Southeast Asia’s car trading platforms is like buses. After a long wait without news, a third startup has raised funding in the space of a month. Carsome, a Malaysia-based company that also operates in Singapore, Indonesia and Thailand, announced today it has raised a $19 million Series B round just weeks after smaller… Continue reading Carsome raises $19M for its used-car sales platform in Southeast Asia
Category: Automotive
Volkswagen boss: German city diesel ban is ‘scary and unnecessary’
Volkswagen boss Herbert Diess has reacted to the recent German court ruling that cities can ban the most heavily polluting diesels, describing the move as “a scary picture and totally unnecessary”. When the ruling was announced late last month, the court also said that Stuttgart should start to impose a year-round ban, while Dusseldorf should also… Continue reading Volkswagen boss: German city diesel ban is ‘scary and unnecessary’
Moody’s improves one step, from ‘Ba3’ to ‘Ba2’, the Fiat Chrysler rating
Posted 03/08/2018 11:39:33CET LONDON, 8 Mar. (EUROPA PRESS) – The credit rating agency Moody’s has improved the long-term rating of the Fiat Chrysler Automobiles (FCA) automobile group, ‘from Ba3 to Ba2’ (the second tier within the speculation segment or ‘junk bond’). As reported by the corporation in a statement, Moody’s has also revised up the… Continue reading Moody’s improves one step, from ‘Ba3’ to ‘Ba2’, the Fiat Chrysler rating
Committed to electric mobility in China: Daimler becomes shareholder of BJEV
Expanding its strategic footprint in the field of New Energy Vehicles (NEV) in China, Daimler acquires a 3.93% stake in Beijing Electric Vehicle Co., Ltd. (BJEV), a BAIC Group subsidiary Hubertus Troska: “The investment in BJEV marks yet another milestone in the strong cooperation between Daimler and BAIC, and it underlines our commitment to the… Continue reading Committed to electric mobility in China: Daimler becomes shareholder of BJEV
Autoliv Nominated to Develop and Produce First Level 3 ADAS System for Geely
STOCKHOLM, March 8, 2018 /PRNewswire/ — Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), the worldwide leader in automotive safety systems, has together with its software joint venture Zenuity, been selected to develop and produce the first Level 3 advanced driver assistance systems for Geely. Autoliv was selected as supplier for Geely’s Level 3 project, which… Continue reading Autoliv Nominated to Develop and Produce First Level 3 ADAS System for Geely
Taxify gathers in Cape Town for Winter Conference 2018
Originally a small start-up from Estonia, Taxify has skyrocketed in the last two years to become one of the fastest growing ride-hailing companies in the world and a truly global place to work. Our team has grown to over 450 people across 23 countries and 55 nationalities. At the end of February a part of… Continue reading Taxify gathers in Cape Town for Winter Conference 2018
Volkswagen to pay employees covered by collective bargaining agreements a performance-related bonus of €4,100
News Press Release News Brand Wolfsburg, 08 March 2018 Volkswagen to pay employees covered by collective bargaining agreements a performance-related bonus of €4,100 For 2017, the employees of Volkswagen AG covered by collective bargaining agreements are to receive a performance-related bonus of €4,100 gross, including a special reward. This bonus is based on …more
660,000 electric cars by 2025: BMW partner Great Wall invests heavily in electromobility
Everything electric With the brand Haval Great Wall is already the largest SUV provider in China. Now also the electric market is to be conquered. (Photo: Reuters) The Chinese car manufacturer Great Wall wants to more than double its annual sales by 2025 to two million vehicles. About a third of these would be electric… Continue reading 660,000 electric cars by 2025: BMW partner Great Wall invests heavily in electromobility
Strong Growth and Excellent Financial Position
Targets surpassed – Continental enjoyed strong growth and profitability in fiscal 2017 Sales were up 8.5 percent at €44 billion with an adjusted EBIT margin of 10.9 percent Net income increased to €3 billion and earnings up to €14.92 per share Executive Board to propose a dividend increase of 25 cents to €4.50 per share… Continue reading Strong Growth and Excellent Financial Position
From vehicle finance provider to mobility service provider: Mercedes-Benz Bank grows with new products
Contract portfolio grows by 12 percent in 2017 to 26.9 billion euros CEO Franz Reiner: “The trend is towards flexible vehicle use and telematics-based billing.” New offers “InScore” and “Mercedes me Flexperience” Stuttgart – The business model of Mercedes-Benz Bank is transforming rapidly due to substantial changes related to customer needs. The traditional car loan… Continue reading From vehicle finance provider to mobility service provider: Mercedes-Benz Bank grows with new products