May 5 (Reuters) – Struggling car rental company Hertz Global Holdings Inc said on Tuesday its lenders have extended the deadline for certain loan repayments, giving it more time to come up with a financing plan to avoid a possible bankruptcy. The deadline has now been extended until May 22, the company said in a… Continue reading Car rental firm Hertz gets more time from lenders to avoid bankruptcy
Tag: Strategy
Uber partners with CloudTrucks to help drivers get trucking jobs
Uber has partnered with trucking startup CloudTrucks to make it easier for its ride-hail drivers to get jobs as truckers during the pandemic. Described as a “business in a box,” CloudTrucks is designed to make it easier for truck owners and operators to run their businesses. Through software and data science, CloudTrucks aims to reduce… Continue reading Uber partners with CloudTrucks to help drivers get trucking jobs
BYD Enters European EV Car Market Starting With Tang SUV and Norway
BYD sets out European EV expansion strategy (Norway identified for introduction of 520km BYD Tang SUV) Netherlands • 2020-05-04 BYD Europe has today announced its strategy to embark upon the trial introduction of passenger cars in Europe, alongside longer-term plans to bring new BYD LCV and eTruck ranges to the European market. To mark the… Continue reading BYD Enters European EV Car Market Starting With Tang SUV and Norway
Riding a Cloud: NVIDIA Acquires Network-Software Trailblazer Cumulus
Cloud data centers are evolving to an architecture that is accelerated, disaggregated and software-defined to meet the exponential growth in AI and high performance computing. To build these modern data centers, HPC and networking hardware and software must go hand in hand. NVIDIA provides the leading accelerated computing platform. Mellanox is the high-performance networking leader,… Continue reading Riding a Cloud: NVIDIA Acquires Network-Software Trailblazer Cumulus
Ford postpones autonomous vehicle service until 2022
Ford said Tuesday it will delay until 2022 plans to launch an autonomous vehicle service, as the COVID-19 pandemic has prompted the company to rethink its go-to-market strategy. The news was shared as part of Ford’s quarterly earnings, which was released after the market closed Tuesday. Ford reported a $2 billion loss in the first… Continue reading Ford postpones autonomous vehicle service until 2022
Nissan to retrench further in new plan to focus on US, Japan, China
May 4 (Reuters) – Nissan Motor Co Ltd will pull back from Europe and elsewhere to focus on the United States, China and Japan under a plan that represents a new strategic direction for the embattled carmaker, people with direct knowledge of the plan told Reuters.
The “operational performance plan” is due to be announced on May 28 and goes beyond fixing problems from ousted leader Carlos Ghosn's aggressive expansion drive, the people said.
Pursuit of market share, particularly in the United States, led to steep discounting and a cheapened brand. Under the new, three-year plan – reported here for the first time – Nissan aims to restore dealer ties and refresh lineups to regain pricing power and profitability, the people told Reuters.
“This is not just a cost-cutting plan. We're rationalising operations, reprioritising and refocusing our business to plant seeds for the future,” one of the people said.
The plan also aims to cut competition and expand cooperation with alliance par..
Exclusive: Nissan to retrench further in new plan to focus on U.S., Japan, China
(Reuters) – Nissan Motor Co Ltd (7201.T) will pull back from Europe and elsewhere to focus on the United States, China and Japan under a plan that represents a new strategic direction for the embattled carmaker, people with direct knowledge of the plan told Reuters. FILE PHOTO: People walk past a dealer shop of Nissan… Continue reading Exclusive: Nissan to retrench further in new plan to focus on U.S., Japan, China
Prizewinning Brand Identity: Vitesco Technologies Scores Double Win in Automotive Brand Contest
Winner of the “Brand Design” and “Digital” categories New, modern image covers all channels and is without parallel in the industry Regensburg, May 4, 2020. In the prestigious Automotive Brand Contest 2020 design competition, Vitesco Technologies has scooped not one award for its all-new brand identity but two: The company was named a winner in… Continue reading Prizewinning Brand Identity: Vitesco Technologies Scores Double Win in Automotive Brand Contest
Hitachi Capital Join Forces With Gridserve On EV Charging
Hitachi Capital (UK) PLC and GRIDSERVE Sustainable Energy Ltd today announce a partnership which aims to revolutionise the UK’s approach to solar energy and create the infrastructure to accelerate the adoption of electric vehicles. In a move which is set to transform the UK’s renewable energy and electric vehicle charging market, Hitachi Capital UK will… Continue reading Hitachi Capital Join Forces With Gridserve On EV Charging
Elon Musk Says Tesla Stock Is ‘Too High’—and It Quickly Falls
He’s at it again. Launching a Friday morning tweet-tear, SpaceX and Tesla CEO Elon Musk wrote, “Tesla stock price is too high imo [in my opinion].” Ask, believe, receive: The electric-car maker’s stock price immediately began to dip, finishing the day down 10 percent. It’s curious for any executive to say the company’s stock is… Continue reading Elon Musk Says Tesla Stock Is ‘Too High’—and It Quickly Falls