Tag: Financial Results

Nissan orders two-day furlough for U.S. workers to cut costs

Gabrielle Coppola, Bloomberg Published 12:05 p.m. ET Dec. 5, 2019 | Updated 12:09 p.m. ET Dec. 5, 2019 Nissan Motor Co. ordered a furlough of employees for two days at the beginning of January, the latest cost-cutting move as U.S. sales continue to slide. Nissan North America is closing U.S. offices on Jan. 2 and… Continue reading Nissan orders two-day furlough for U.S. workers to cut costs

Grab Launches Asia’s First Numberless Card

Grab announced the launch of GrabPay Card, Asia’s first numberless card that offers users unparalleled card security, access to an expanded rewards ecosystem and hassle-free Grab payments integration in order to bring cashless convenience to millions in Southeast Asia. The GrabPay Card has no numbers on the physical card, offering users exceptional security when they… Continue reading Grab Launches Asia’s First Numberless Card

Billionaire Lawrence Stroll seeks big stake in Aston Martin: report

LONDON (Reuters) – Canadian billionaire Lawrence Stroll, owner of Formula One team Racing Point, is preparing a bid for a major stake in Aston Martin (AML.L), Autocar magazine reported, sending the luxury sports car maker’s battered shares up 17% on Thursday. FILE PHOTO: A James Bond 1965 Aston Martin DB5 coupe is displayed at Sotheby’s… Continue reading Billionaire Lawrence Stroll seeks big stake in Aston Martin: report

BP increases stake in solar energy firm Lightsource BP

FILE PHOTO: The logo of BP is seen at a petrol station in Kloten, Switzerland October 3, 2017. REUTERS/Arnd Wiegmann/File Photo LONDON (Reuters) – BP (BP.L) is increasing its stake in solar energy developer Lightsource BP to 50% from 43% and is aiming for rapid growth over the next few years, the two companies said… Continue reading BP increases stake in solar energy firm Lightsource BP

Uber-rival Bolt opens new hub in Chiswick, London, surging to 1.5 million London passengers in 6 months

Bolt, one of Europe’s leading on-demand transportation platforms, today unveiled a new hub for drivers in Chiswick, west London, amid rapidly growing demand. Bolt’s passenger numbers in London have surged to more than 1.5 million in six months, five times the three-month figure.

Bolt’s new hub in Chiswick, London, is designed to bring Bolt closer to its drivers while providing them with useful services, all under one roof. It provides a permanent and convenient location for current and prospective drivers to meet members of Bolt’s customer service team in person, to ensure their experience is as quick and seamless as possible. The hub will be staffed by a driver liaison team that can answer questions and provide information directly to current and prospective drivers. There are 50 parking spaces, meeting rooms, a reception and a lounge area. The space will also be used to host events and forums.

Sam Raciti, Bolt UK Country Manager, said: “Our new London driver hub allows us to offer..

Italy tax authorities say Fiat underestimated value of Chrysler by $5.6 bln

FCA said the issuance of a final audit report starts a 60-day negotiation period, which ends with the issuance of a final audit assessment expected to be received by the end of December 2019. MILAN: Italian tax authorities believe that Fiat Chrysler Automobiles underestimated the value of its U.S. business by 5.1 billion euros ($5.6… Continue reading Italy tax authorities say Fiat underestimated value of Chrysler by $5.6 bln

May Mobility Raises $50M in Series B Funding

May Mobility, an Ann Arbor, Mich.-based autonomous Transportation-as-a-Service (TaaS) provider, closed a $50m Series B funding round. The round, which brought the company’s total raised to $84m to date, was led by Toyota Motor Corporation with participation from SPARX Group and return investors Millennium Technology Value Partners, Cyrus Capital Partners, BMW iVentures, and Toyota AI… Continue reading May Mobility Raises $50M in Series B Funding

Quarterly Plug-In EV Sales Scorecard

We’ll be reporting 2019 Q4 EV Sales beginning Thursday, January 2 and/or Friday, January 3, and continuing throughout the following week. However, it’s important to note that there will still be some missing data since many automakers refuse to report EV sales. Nonetheless, stay tuned in the coming days as we’ll be beginning to add automaker reported… Continue reading Quarterly Plug-In EV Sales Scorecard

@Ford: Ford Fund Announces Precision Blendz as Grand Prize Winner of the Men of Courage Cincinnati Barbershop Challenge; Finalists Named in Tacoma, Washington Challenge

Precision Blendz owners Tommy Mays and Michael Thomas, Jr. selected to receive $10,000 grant An additional $5,000 grant will be awarded to Omega Mentoring program in partnership with runner up Donald Hudson of Razor 1 Kutz to be used in launching student tutorial program The Men of Courage (MOC) Tacoma Barbershop Challenge kicks off with… Continue reading @Ford: Ford Fund Announces Precision Blendz as Grand Prize Winner of the Men of Courage Cincinnati Barbershop Challenge; Finalists Named in Tacoma, Washington Challenge