Grab has announced today an investment of over US$850 million from Japanese investors, including Mitsubishi UFJ Financial Group Inc. and TIS Inc., that will go toward creating accessible and affordable financial services for Southeast Asia in order to boost financial inclusion in the region. Grab, Southeast Asia’s leading super app, has announced today an investment… Continue reading Grab raises over US$850 million from Japanese investors
Category: Automotive
Rejected by Wall Street, Ford’s CEO Has Support Where It Matters
Days after another dismal earnings report, Ford Motor Co. Chief Executive Officer Jim Hackett sent a blunt message during an internal town hall: I’m not going anywhere.
Berlin documentary explores value of work in Germany’s struggling car industry
BERLIN (Reuters) – Disruptions in Germany’s car industry are eroding job security and national identity, with the most vulnerable drawing more self-respect from work than the wealthy, the director of a documentary screening at this year’s Berlin Film Festival said. FILE PHOTO: A worker assembles a new Audi at the production line of the German… Continue reading Berlin documentary explores value of work in Germany’s struggling car industry
UPDATE 2-Chinese EV maker Nio surges on funding talks with Hefei govt
(Adds share price move, analyst note) BEIJING, Feb 25 (Reuters) – Shares in China’s Nio Inc surged more than 30% on Tuesday after it signed framework agreements with Hefei’s city government on a fundraising of more than 10 billion yuan ($1.42 billion) and new manufacturing facilities. Cash-strapped electric vehicle (EV) maker Nio is the most… Continue reading UPDATE 2-Chinese EV maker Nio surges on funding talks with Hefei govt
VW to appoint ‘aggressive’ climate activist to scrutinise policies
German group is first big carmaker to create post as it steps up drive to go green and electric Go to Source
Car sales in China fall 92% as coronavirus hits
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China’s cash-strapped EV maker Nio in talks with Hefei on funding
Chinese cash-strapped electric vehicle (EV) maker Nio Inc said it had signed framework agreements with Hefei‘s city government on a fundraising of more than 10 billion yuan ($1.42 billion) and new manufacturing facilities. Loss-making Nio is the most prominent among dozens of Chinese electric vehicle startups vying to become the next Tesla Inc. All are hampered by dwindling demand in the world’s largest car… Continue reading China’s cash-strapped EV maker Nio in talks with Hefei on funding
Grammer AG completes refinancing ahead of schedule in a demanding market environment
Amberg, February 25, 2020 – Grammer AG has placed its long-term group funding operations on a solid basis with a new syndicated loan. The syndicated loan consists of two tranches. Tranche A is composed of a credit facility of EUR 150 million for a period of five years plus two one-year renewal options. This tranche… Continue reading Grammer AG completes refinancing ahead of schedule in a demanding market environment
It’s Time: Tesla Confirms Model Y Deliveries Will Start In March
All signs already pointed for that: an official EPA rating, the NHTSA database, videos, SOP – Start Of Production – rumors, and more rumors. Where there’s smoke, there’s fire. The Model Y would arrive ahead of schedule. Tesla has officially confirmed that by sending its reservation holders a message that it will start deliveries of… Continue reading It’s Time: Tesla Confirms Model Y Deliveries Will Start In March
Tesla’s Battery Costs Are Dropping Quickly
EDITOR’S NOTE: This article comes to us courtesy of EVANNEX, which makes and sells aftermarket Tesla accessories. The opinions expressed therein are not necessarily our own at InsideEVs, nor have we been paid by EVANNEX to publish these articles. We find the company’s perspective as an aftermarket supplier of Tesla accessories interesting and are happy to share its content… Continue reading Tesla’s Battery Costs Are Dropping Quickly