June 14, 2018 Chinese startups Cheduoduo, a used-car platform, and co-working space operator Distrii have closed $17.7 million Series A investment and $23 million Series A+ funding round, respectively. China Growth Capital leads used-car platform Cheduoduo $17.7m Series A Beijing-based used-car trading platform Cheduoduo has secured $17.7 million in a Series A round led by… Continue reading China Digest: Used car platform Cheduoduo, co-work space startup Distrii raise funds
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The legal fronts in the VW scandal
VW must pay a penalty of one billion euros because of the diesel affair. The legal processing will take but probably years. The overview. Volkswagen (icon) Wednesday, 13.06.2018 21:42 clock One billion euros fine – that’s the sum that the Prosecutor Braunschweig imposed because of the diesel scandal against Volkswagen Has. It is one of… Continue reading The legal fronts in the VW scandal
TMC Announces Board Member, Executive, Organizational and Personnel Changes
Toyota Motor Corporation (TMC) announces the appointment of new members to the board of directors, which was ratified today at TMC’s ordinary general shareholders’ meeting. After the meeting, the representative directors and directors with special titles were appointed at a meeting of the board of directors. Promotions to executive and changes to executives’ areas of… Continue reading TMC Announces Board Member, Executive, Organizational and Personnel Changes
A Chennai girl’s rise from Madras University to General Motors’s first female CFO
In an industry not exactly known for its diversity, an iconic American carmaker has appointed its first female chief financial officer (CFO). And she’s from Chennai, India. On June 13, General Motors (GM), the maker of Buick, Cadillac, and Chevrolet cars, said that 39-year-old Dhivya Suryadevara will take over as CFO in September. Suryadevara joined… Continue reading A Chennai girl’s rise from Madras University to General Motors’s first female CFO
News Release – Magna and May Mobility Partner to Build, Deploy and Scale Self-Driving Shuttles
Please click HERE for a PDF version of the release. Collaboration in Southeastern Michigan to Make First Deployment in Downtown Detroit Possible ANN ARBOR, Mich., June 13, 2018 — Getting around in crowded city streets of America is about to get a little easier. May Mobility, an Ann Arbor, Michigan startup building self-driving shuttles, has… Continue reading News Release – Magna and May Mobility Partner to Build, Deploy and Scale Self-Driving Shuttles
Carpe: unlimited motoring subscription car service launches
Exciting news to share! We’ve launched our new, all-inclusive car subscription service Carpe, which offers customers hassle-free access to brand new Jaguar and Land Rover vehicles. The new mobility service is aimed at busy, high-mileage UK residents who spend many hours a week driving. They can sign up to Carpe from today, and subscribe to… Continue reading Carpe: unlimited motoring subscription car service launches
Yves Caracatzanis, the new strongman of AvtoVAZ
As for all the new AvtoVAZ bosses, a surprise awaits Yves Caracatzanis: a huge aquarium installed for ages in the office of CEO at the top of the blue tower overlooking the huge 600-hectare complex of the post-Soviet Toliatti factory. Born in Marseille, married to a Corsican, this frequent visitor of the Island of Beauty… Continue reading Yves Caracatzanis, the new strongman of AvtoVAZ
GM names female CFO, broadening diversity at top
The Detroit News Published 12:07 p.m. ET June 13, 2018 | Updated 7:54 p.m. ET June 13, 2018 Dhivya Suryadevara will be GM’s first female CFO. (GM) (Photo: John F. Martin, John F. Martin for General Motor) General Motors Co. has named its first female chief financial officer, bringing further diversity to the executive ranks of the… Continue reading GM names female CFO, broadening diversity at top
Aptiv Completes Acquisition of KUM
DUBLIN, June 14, 2018 /PRNewswire/ — Aptiv PLC (NYSE: APTV), a global technology company enabling the future of mobility, announced today that it has completed its acquisition of KUM, a leading provider of highly engineered connectors and cable management solutions for a range of harsh-environment automotive applications. “KUM is a great fit for our business… Continue reading Aptiv Completes Acquisition of KUM
Gary Jones elected next UAW President
Ian Thibodeau, The Detroit News Published 3:32 p.m. ET June 13, 2018 | Updated 4:05 p.m. ET June 13, 2018 Buy Photo Gary Jones listens during officer nominations before he is elected UAW president a the convention at Cobo Center in Detroit on Wednesday, June 13, 2018. (Photo: Todd McInturf, The Detroit News)Buy Photo Detroit… Continue reading Gary Jones elected next UAW President