LONDON (Reuters) – A no-deal Brexit is not an option for Britain’s car industry, given the costs and disruption that carmakers and consumers would suffer, the head of the country’s automobile industry group said on Tuesday. Mike Hawes, chief executive of the Society of Motor Manufacturers and Traders (SMMT), said carmakers were “increasingly concerned” about… Continue reading No deal Brexit is not an option, Britain’s car industry warns
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UK car production hit by ‘perfect storm’
The number of cars made in the UK fell last month after domestic demand plunged due to what the industry body called a “perfect storm of events”. Production fell 5.5% in June – driven by a 47.2% drop in production for the UK market, according to the Society of Motor Manufacturers and Traders (SMMT). The… Continue reading UK car production hit by ‘perfect storm’
The future of Ferrari under the Marlboro man
Getty Images Sergio Marchionne, Chief Executive Officer, Fiat Chrysler Automobiles is viewed next to a Ferrari after ringing the Closing Bell on the floor of the New York Stock Exchange (NYSE) on October 13, 2014 in New York City. Friends and colleagues of Camilleri, who requested anonymity because they aren’t authorized to speak for him… Continue reading The future of Ferrari under the Marlboro man
Waymo strikes deals with Walmart, others to boost access to self-driving cars
Brendan McDermid | Reuters Waymo unveils a self-driving Chrysler Pacifica minivan in Detroit, Michigan, U.S. on January 8, 2017. Waymo, the Alphabet company that spun out of Google’s former self-driving car division, is partnering with some of the country’s largest companies to expand how many people have access to its self-driving vehicles.
European auto stocks soar after Trump-Juncker ‘ceasefire’
Car stocks got a boost Thursday following the meeting between the U.S. and European Union that earned automakers in the region a reprieve from higher import tariffs.
From heat to cold: rethinking standstill air conditioning
A revolutionary concept for MAHLE’s parking coolers A powerful, engine-independent, and very quiet solution The transportation of goods by road is one of the main pacesetters of today’s densely interconnected economy. The driver’s rest periods play a key role, because only well-rested drivers are able to fulfill the heavy demands of their job and get… Continue reading From heat to cold: rethinking standstill air conditioning
Tech Mahindra Q1 Revenue up 13% YoY
Tech Mahindra Q1 Revenue up 13% YoY EBITDA up 45% and PAT up 12% YoYUSD Revenue grew 0.3% QoQ, in CC terms Mumbai, July 30, 2018: Tech Mahindra Ltd., a specialist in digital transformation, consulting and business reengineering today announced the audited consolidated financial results for its first quarter ended June 30, 2018. Financial highlights… Continue reading Tech Mahindra Q1 Revenue up 13% YoY
How Careem’s growth is driving affordability and choice… and we…
Careem’s growth and the idea of what we provide can differ depending on who you are and where you live. For some people in a place like Dubai, Careem might be the Lexus you book to take you to the airport. In Egypt, it’s the motorbike you get when you need to beat the traffic and get across Cairo in a hurry. In Pakistan it’s the tuk tuk you use to get to work every day. We are, of course, all those things and more, but why we are all those things is the important part.
Our focus is on making our service affordable for the masses and helping to solve the transport issues that we’ve seen across all our markets. To do this we have been diversifying our vehicle types across all markets because the tech infrastructure we have built can support multiple vehicle types.
It started with cars. For example, when we first launched in Cairo, we did so with just ten cars which, in hindsight, is ridiculously few for a city that large. Someone would open the app and it said you’ll get a car in 90 mi..
Fiat Chrysler loses Sergio Marchionne with bumpy road ahead
Fiat Chrysler Automobiles was facing an uncertain future even before the man who led its unlikely turnaround became gravely ill. After he became incapacitated from complications with a shoulder surgery, the company was forced to hastily replace Sergio Marchionne as chief executive over the weekend. Fiat Chrysler now must find a way to deal with… Continue reading Fiat Chrysler loses Sergio Marchionne with bumpy road
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General Motors jumps into peer-to-peer car sharing
Helen H. Richardson | The Denver Post | Getty Images A Chevy Volt and a GMC Acadia, parked on Little Raven Court, are available for car share through a new app from Maven in Denver. Looking to make money renting out your car or truck?