Uber Technologies Inc will scale back hiring and reduce expenditure on its marketing and incentive activities, CNBC reported on Monday, citing a letter from Chief Executive Officer Dara Khosrowshahi. The ride-hailing company becomes the latest to rein in costs to have a lean investment model, after Facebook-owner Meta Platforms Inc said last week it would slow down the growth of its workforce. Khosrowshahi… Continue reading Uber to cut costs, slow down hiring to turn lean, CEO tells employees
Category: Tech News
Category Added in a WPeMatico Campaign
Clean Tecnica: Tesla’s Recycled Batteries: Almost 92% Reuse Of Raw Materials 001954
Tesla’s recycled batteries have provided almost 92% of their original raw materials back to Tesla for future use, according to new information in Tesla’s 2021 Impact Report. Tesla’s factories are already using an in-house, closed-loop recycling system. This allows for all of Tesla’s batteries that it receives to be recycled with up to 92% of… Continue reading Clean Tecnica: Tesla’s Recycled Batteries: Almost 92% Reuse Of Raw Materials 001954
Chinese new energy startup Greater Bay Technology raises $150m, joins unicorn club …
Guangzhou Greater Bay Technology, which is incubated by Chinese state-owned automaker GAC Group, has closed nearly 1 billion yuan ($149.8 million) in a Series A round to become the latest unicorn company from China’s new energy sector. The Guangzhou-based startup said in a statement on Thursday that it reached the unicorn valuation of over $1… Continue reading Chinese new energy startup Greater Bay Technology raises $150m, joins unicorn club …
Some new BMWs will reportedly come without Android Auto and Apple CarPlay
BMW is temporarily shipping some new vehicles without support for Android Auto and Apple CarPlay after changing chip suppliers, according to a report from Automotive News Europe (via 9to5Google). The chips from the new supplier reportedly aren’t compatible with Android Auto and CarPlay yet, and require an update for the software to work. “The chips… Continue reading Some new BMWs will reportedly come without Android Auto and Apple CarPlay
Lucid raises its EV prices as the company continues to struggle with production
Lucid Motors is raising the prices of its luxury electric vehicles, as the company continues to struggle with production. The company reported delivering only 360 vehicles to customers in the first quarter of 2022. As of June 1st, Lucid’s newly increased prices will be $154,000 for the Air Grand Touring (previously $139,000), $107,400 for Air… Continue reading Lucid raises its EV prices as the company continues to struggle with production
Vietnam-based investment app Finhay said to raise $25m funding
Singapore-based Openspace Ventures and mid-market private equity firm Vietnam Investment Group (VIG) are understood to have co-led a $25 million funding round for Vietnamese robo-advisor Finhay. Finhay’s existing backer, Thien Viet Securities (TVS), also participated in the round, sources familiar with the matter told DealStreetAsia. Go to Source
Indonesian used car marketplace Moladin raises $95m in DST-led Series B …
Moladin, an Indonesia-based marketplace for used cars and motorbikes, has raised $95 million in its Series B funding round led by DST Global, according to regulatory filings seen by DealStreetAsia – DATA VANTAGE. The filing with Singapore’s Accounting and Corporate Regulatory Authority (ACRA) confirms DealStreetAsia’s report in April that said the startup was finalising a… Continue reading Indonesian used car marketplace Moladin raises $95m in DST-led Series B …
Lucid is raising prices on its luxury Air EV by as much as 13%
Lucid Group is the latest automaker to up the price of its electric vehicles. The company announced Thursday alongside its first-quarter earnings report that it was raising prices of the variants of its luxury Air sedan, beginning June 1. The price hikes pushes base price of the Air sedan as much as 13%. All existing… Continue reading Lucid is raising prices on its luxury Air EV by as much as 13%
Carsome acquires auto websites WapCar, AutoFun WapCar …
Malaysia-based used car marketplace Carsome has acquired Malaysian digital automotive content producer WapCar and its sister website Autofun for an undisclosed sum. WapCar and AutoFun will become a subsidiary named WapCar AutoFun under Carsome after the acquisition is complete. The vehicle content platform was set up in 2019 and runs several websites and social media… Continue reading Carsome acquires auto websites WapCar, AutoFun WapCar …
Aurora unveils fleet management platform to optimize autonomous operations
Autonomous vehicle technology company Aurora Innovation has unveiled a fleet management system that can be used to help optimize operations for the startup’s trucking and ride-hailing products. Aurora announced the platform, named Aurora Beacon, alongside its first-quarter earnings report on Wednesday, during which the company presented investors with a series of milestones on its path… Continue reading Aurora unveils fleet management platform to optimize autonomous operations