BEIJING (Reuters) – Toyota Motor Corp is likely to make 120,000 more cars a year in the Chinese port city of Tianjin as part of a medium-term strategy that’s gathering pace as China-Japan ties improve, said four company insiders with knowledge of the matter. FILE PHOTO: An employee walks past as he checks on newly-produced… Continue reading Exclusive: In Chinese port city, Japan’s Toyota lays foundation to ramp up sales
Category: Automotive
Uber losses widen as it pours cash into new ventures
Uber’s losses widened in its second quarter as it poured cash into new services, such as food delivery and autonomous car technology, and aggressively expanded its core ride-hailing services overseas. The San Francisco-based company reported adjusted losses before interest, tax, depreciation and amortisation of $404m (£318m) for the three months to the end of June, compared to $304m… Continue reading Uber losses widen as it pours cash into new ventures
Uber narrows losses but growth slows
Uber narrowed its losses in the second quarter but remains a long way from turning a profit, according to company results published on Wednesday. The ride-hailing firm reported an $891m (£702m) net loss for the three months to 30 June, compared with a $1.1bn loss a year ago. Revenue growth slowed and the firm continues… Continue reading Uber narrows losses but growth slows
Uber reports Q2 losses of $404 million, up 32 percent from Q1
While Uber isn’t required to disclose its financial results, Uber has done so for the past few quarters as it gears up to go public next year. In Q2 2018, Uber’s net revenue was up 8 percent quarter-over-quarter, at $2.7 billion. Year-over-year, that’s a 51 percent increase. Uber recorded gross bookings — the total taken… Continue reading Uber reports Q2 losses of $404 million, up 32 percent from Q1
Uber investors reportedly want the company to sell its self-driving car program
Investors have told Uber Technologies Inc it would be wise to sell off its self-driving car unit after it racked up losses of $125 million to $200 million each quarter for the past 18 months, tech news site The Information reported on Wednesday, citing an unnamed person familiar with the issue. Uber did not immediately… Continue reading Uber investors reportedly want the company to sell its self-driving car program
Uber told by investors to sell self-driving unit: The Information
(Reuters) – Investors have told Uber Technologies Inc [UBER.UL] it would be wise to sell off its self-driving car unit after it racked up losses of $125 million to $200 million each quarter for the past 18 months, tech news site The Information reported on Wednesday, citing an unnamed person familiar with the issue. The… Continue reading Uber told by investors to sell self-driving unit: The Information
Uber is on a hiring spree in Singapore despite ‘exiting’ Southeast Asia
Uber agreed to sell its Southeast Asia business in March, but it isn’t leaving the region. In fact, the U.S. firm is doubling down with plans to more than double its staff in Singapore. That’s right. Uber is currently in the midst of a major recruitment drive that will see Singapore, the first city it… Continue reading Uber is on a hiring spree in Singapore despite ‘exiting’ Southeast Asia
Ford’s New CEO Has a Cerebral Style—and to Many, It’s Baffling
Senior executives at Ford Motor Co. have come to expect emails from their new boss, Chief Executive Jim Hackett, that include links to TED Talks and articles from Science Daily. They often come around 11 p.m., when he catches up on his reading. The former chief of an office-furniture maker, Mr. Hackett frequently references the… Continue reading Ford’s New CEO Has a Cerebral Style—and to Many, It’s Baffling
Continental Recognized by Forbes as one of The Best Employers for Women
Continental is one of seven automotive companies to make Forbes’ inaugural ranking Expansion of work-life balance initiatives with a focus on flexibility continues Earlier this year Forbes recognized Continental as one of America’s Best Employers for the third year in a row Auburn Hills, Mich., Aug. 14, 2018 – The technology company Continental was recently… Continue reading Continental Recognized by Forbes as one of The Best Employers for Women
Tesla: ‘No formal proposal’ to go private
Tesla has not received a formal proposal from its founder Elon Musk to take the company private, its board of directors has said. The electric carmaker said it had created a special committee of three directors to evaluate any such proposal. Mr Musk announced on Twitter on 7 August that he was considering taking Tesla… Continue reading Tesla: ‘No formal proposal’ to go private