Ofo Sets New Fundraising Record After Collecting $700 Million In New Round

What do you do when your closest rival raises a record financing round? Complete a larger fundraising and set a new record, of course. That’s what Beijing-based bike sharing company ofo Inc. just did. A few weeks after competitor Mobike raised US$600 million, ofo announced today that it has raised more than US$700 million led… Continue reading Ofo Sets New Fundraising Record After Collecting $700 Million In New Round

Chinese Bike Firm Ofo Hires Former Uber Product Chief Michelle Chen As CPO

Beijing-based bike sharing company ofo has hired Michelle Chen (pictured), former head of product at Uber China, as chief project officer to handle the company’s product design and data research. She will report directly to the company’s founder and CEO, Dai Wei. Chen joined Uber Technologies Inc. in 2015, and was responsible for the U.S.… Continue reading Chinese Bike Firm Ofo Hires Former Uber Product Chief Michelle Chen As CPO

China’s Didi Launches AI Lab In Silicon Valley, Aims To Lead On Intelligent Driving Tech

The global talent war for top artificial intelligence (AI) talent just intensified, as Chinese ride share giant Didi Chuxing officially launched an AI lab in California to attract top engineering talents to advance transformation in the global transportation industry. The newly established Didi Labs, located in Mountain View, will primarily focus on AI-based security and… Continue reading China’s Didi Launches AI Lab In Silicon Valley, Aims To Lead On Intelligent Driving Tech

Ofo Appoints Ex-Didi Senior Vice President Fu Qiang As Deputy CEO

Chinese bike sharing firm ofo has appointed Fu Qiang (pictured), former senior vice president at Chinese ride sharing company and ofo’s largest shareholder Didi Chuxing, as its deputy chief executive officer. At the same time, head of Didi’s open platform Nan Shan and director of finance Leslie Liu have joined ofo’s marketing and finance department,… Continue reading Ofo Appoints Ex-Didi Senior Vice President Fu Qiang As Deputy CEO

BVRLA Position Papers summarise policy asks

The BVRLA has produced a set of Position Papers to provide an at-a-glance overview of the association’s view and desired intentions on a range of priority issues including Air Quality, Motor Finance, Taxation and Vehicle Terrorism. These one-page documents contain a brief summary of the issue and make clear what we are asking of policymakers… Continue reading BVRLA Position Papers summarise policy asks

VW puts 340 million dollars in US plant

Donald Trump threatens to punish European automakers with punitive tariffs – this is precisely the situation in which Volkswagen announces a major investment in Tennessee. VW plant in Chattanooga, Tennessee Monday, 19.03.2018 22:12 Volkswagen once again puts a lot of money in his SUV offensive in the US. For the production of a new five-seat… Continue reading VW puts 340 million dollars in US plant

VW compares in controversial US process

VW has averted an important process in the US: As part of this process, Volkswagen’s exhaust gas tests on monkeys were known. Volkswagen headquarters in Wolfsburg Saturday, 24.02.2018 14:31 clock Volkswagen has a crucial US court case in the last moment “Diesel gate” scandal prevented. The legal dispute with the owner of a VW Jetta,… Continue reading VW compares in controversial US process

VW may not dismiss suspected Islamists

A VW employee is suspected of wanting to join the militant jihad. The company announced the employment relationship. A labor court now ruled that “extra-ordinary circumstances” do not justify a termination. VW plant in Emden (icon image) Monday, 12.03.2018 20:46 clock May a company denounce a suspected employee Salafist to be? The Landesarbeitsgericht Hannover has… Continue reading VW may not dismiss suspected Islamists

Small savers against VW – a process marathon

337,000 Germans once saved on a “KdF car” and never got the dreamed car, after the war their money was gone. When they sued Volkswagen, the group resisted with all the harassment. Getty Images / Culture Club Tuesday, 01.05.2018 09:56 clock Due to the diesel gate scandal Volkswagen AG is currently threatened with damages claims… Continue reading Small savers against VW – a process marathon