Munich. BMW presents a particularly contemporary and technologically advanced form of automotive luxury. The extensively advanced plug-in hybrid models of the luxury sedan likewise line up for the start at the market launch of the new BMW 7 Series in spring 2019. They combine the sporty flair, travel comfort and feel-good ambience of the brand’s… Continue reading Electrically powered driving pleasure in the luxury performance segment: the plug-in hybrid models of the new BMW 7 Series.
Category: Automotive
In brief: Didi driver sentenced to death by Chinese court
The Didi driver had assaulted and killed a female passenger last August. Go to Source
In brief: Ola’s losses narrow, while revenue grows 61%
In a battle for dominance against rival Uber, Ola had previously registered losses of US$736.2 million. Go to Source
Japan’s Honda Motor third-quarter profit drops 40 percent on discounting, quality costs
TOKYO (Reuters) – Honda Motor Co Ltd on Friday reported a 40.2 percent drop in third-quarter operating profit, missing market expectations due to higher discounting and quality-related costs. The Honda logo is seen on a Honda car displayed at the New York Auto Show in the Manhattan borough of New York City, New York, U.S.,… Continue reading Japan’s Honda Motor third-quarter profit drops 40 percent on discounting, quality costs
Tesla & Elon Musk’s #1 Priority For 1st Quarter Is Improving Service
Tesla is refocusing on service as its top priority now that it has stabilized production and delivery for Model 3, CEO Elon Musk said yesterday on the company's Q4 2018 earnings call. Elon said on the call, “One of our major priorities for this quarter is improving service operations,” with a specific focus on North America, which is home to the majority of Tesla's vehicles
Gwangju-Si and Hyundai Motor Company Sign an Agreement to Create More Jobs in Gwangju-si
Gwangju-si and Hyundai Motor Company signed an agreement for labor and management coexistence and social integration-type ‘Gwangju-type jobs’ that is based on great social compromise. They were finally able to make a dramatic settlement after signings ended in failure in June and December of 2018. Construction of production plant will be completed by 2021 and… Continue reading Gwangju-Si and Hyundai Motor Company Sign an Agreement to Create More Jobs in Gwangju-si
Hungarians’ 18% pay rise stirs German car industry
Strike at Audi plant sparks delays and highlights reliance on central Europe’s workers Go to Source
Indonesian ride-hailing firm Go-Jek hits big number with latest fundraising effort
afif c. kusuma | iStock Editorial | Getty Images
Bike passengers wearing Helmet with Gojek logo.
Indonesian ride-hailing company Go-Jek said Friday it had finalized the first closing of its ongoing Series F fundraising efforts.
Go-Jek's release did not disclose the amount of fresh funds raised.
An industry source familiar with the matter told CNBC that Go-Jek raised just more than $1 billion with the first close of the Series F funding round.
Investors included tech giants Google and Tencent as well as Chinese e-commerce player JD.com and Japan's Mitsubishi Corporation.
The company said the proceeds would be used to expand and deepen Go-Jek's presence in its home market, Indonesia, as well as Singapore, Vietnam and Thailand.
“We started out with ride-hailing but in a short space of time have become Indonesia's industry leader across all key verticals including transport, food delivery, mobile payments, logistics, and merchant services,” Nadiem Makarim, CEO of Go-Jek Group, said in a statement.
“As we expand internationally, we are excited to extend our vision to more countries and at the same time put Indonesia on the map as a regional hub for tech innovation,” he said.
Go-Jek has a presence in 204 cities and regencies across five countries in Southeast Asia. It has more than 2 million drivers and about 400,000 merchants on its platform.
Last month, the company made its beta service available to all users in Singapore.
Go-Jek's regional expansion puts it in direct competition with Grab, which announced a partnership with video streaming service Hooq earlier this week.
Grab has also raised funds north of $3 billion since last year as investors jump on board the potentially lucrative digital market in Southeast Asia.
The region's internet economy is set to exceed $240 billion by 2025, according to a report from Google and Singapore's Temasek Holdings.
Go-Jek said that after the close of the Series F fundraising, its founders would still maintain control over the decision-making process and direction of the company.
Stanimira Koleva joins HERE as Senior Vice President (SVP)
Singapore – HERE Technologies, a global leader in mapping and location services, today announced the appointment of Stanimira Koleva as Senior … Go to Source
Amazon Was Spotted Using a Self-Driving Truck to Haul Cargo
They See Me Haulin’ On Jan. 25, a Reddit user posted a photo of a self-driving truck pulling a trailer emblazoned with Amazon’s Prime logo. “Saw this on the I-10 today,” the user wrote. “Is amazon making driverless trucks?” Almost a week later, CNBC reported that Amazon is, in fact, using tractors created by self-driving truck developer Embark to haul… Continue reading Amazon Was Spotted Using a Self-Driving Truck to Haul Cargo