Tag: People

UPDATE 1-Fiat Chrysler agrees to U.S. diesel-emissions settlement worth nearly $800 mln

FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen at its U.S. headquarters in Auburn Hills, Michigan, U.S. May 25, 2018. REUTERS/Rebecca Cook/File Photo WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV has agreed to pay close to $800 million to settle claims from the U.S. Justice Department and California relating to allegations it used… Continue reading UPDATE 1-Fiat Chrysler agrees to U.S. diesel-emissions settlement worth nearly $800 mln

Alexa and Google Assistant carve up CES

At CES, there’s no shortage of gadgets to talk to. Smart TVs, cars, pianos – and even a toilet – these are just some examples of devices that come with voice-activated helpers. No matter who makes the hardware, the virtual aide linked to or packaged inside is likely to be one of two: either Amazon’s… Continue reading Alexa and Google Assistant carve up CES

Ford to cut thousands of jobs in shake-up

Carmaker Ford has announced plans for a major shake-up of its operations in the UK and mainland Europe. It is expected to lead to thousands of job losses across Europe, including the UK, although cuts at its UK factories are not thought to be imminent. But Ford Europe boss Steven Armstrong said should the UK… Continue reading Ford to cut thousands of jobs in shake-up

India: Ola’s valuation skyrockets to $5.7b after fresh funding from Steadview

January 10, 2019 Ola has regained its number two ranking in the pecking order of India’s most valuable startups, after securing $74 million in fresh funding from existing investor Steadview Capital in its latest funding round, which valued India’s leading cab-hailing service at roughly $5.7 billion. Ola, which has been in talks to raise at… Continue reading India: Ola’s valuation skyrockets to $5.7b after fresh funding from Steadview

Jaguar Land Rover and Ford to axe thousands of jobs

Automotive industry JLR to cut 5,000 jobs with US carmaker poised to trim European production A Jaguar Land Rover site at Halewood in Merseyside. The carmaker employs 44,000 workers in the UK. Photograph: Peter Byrne/PA Jaguar Land Rover and Ford are to lose thousands of jobs, with some of the cuts expected to affect UK… Continue reading Jaguar Land Rover and Ford to axe thousands of jobs

Jaguar Land Rover clear they regard UK as home -PM May’s spokesman

LONDON, Jan 10 (Reuters) – Jaguar Land Rover (JLR) has made clear they regard Britain as home and are investing in the future, Prime Minister Theresa May’s spokesman said on Thursday. JLR, Britain’s biggest carmaker, is set to announce “substantial” job cuts in the thousands, a source told Reuters, as the company faces double-digit drops… Continue reading Jaguar Land Rover clear they regard UK as home -PM May’s spokesman

Leading the way in digitalisation: World Economic Forum in Davos names BMW Group Plant Regensburg ‘Lighthouse of the Fourth Industrial Revolution’

Munich/Regensburg. The World Economic Forum (WEF) has today named BMW Group Plant Regensburg a ‘Lighthouse of the Fourth Industrial Revolution’, acknowledging its pioneering role in the digitalisation of industrial production. The honour was bestowed after an in-depth selection process which saw the WEF examine around 1,000 production facilities in various industry sectors. A total of… Continue reading Leading the way in digitalisation: World Economic Forum in Davos names BMW Group Plant Regensburg ‘Lighthouse of the Fourth Industrial Revolution’

Emeritus Completes $40M Series C Funding

Emeritus, an edtech company that partners with U.S. and European universities to provide online courses to working professionals globally, completed a $40m Series C funding. The round was led by Sequoia India, with participation from existing investor Bertelsmann India Investments. The company intends to use the funds to create a more immersive and adaptive learning… Continue reading Emeritus Completes $40M Series C Funding