Asia-focused alternative investment management firm Hillhouse Capital Management has led US$50 million series B financing round in Indian automobile classified ads web platform CarDekho.com, according to a company announcement. Tybourne Capital and Sequoia Capital also participated in the round, which increased the valuation of CarDekho’s parent company, Girnar Software, to approximately US$300 million. “We see… Continue reading Hillhouse Leads $50M Series B In India’s CarDekho.Com
Tag: People
Chinese Car Maker Geely To Acquire 30% Of Danish Financial Firm Saxo Bank
Saxo Bank Group, a Danish multi-asset trading and financial-technology firm, has received an offer from Geely International Hong Kong, a subsidiary of Chinese car maker Zhejiang Geely Holding Group Co., Ltd, to become a major shareholder in Saxo, enabling the bank to capitalize on global growth opportunities, especially in China. Lars Seier Christensen, co-founder of… Continue reading Chinese Car Maker Geely To Acquire 30% Of Danish Financial Firm Saxo Bank
Venture-Backed Yidao Yongche Partners With Haier On Financial Leasing Services
Beijing-based car rental service provider Yidao Yongche has established a strategic partnership with Haier Financial Services China Co., Ltd. to provide financial leasing services to Chinese small and medium sized car rental firms, according to Chinese media reports. Haier Financial Services China, a financial leasing arm established by Chinese consumer electronics maker Haier Group in… Continue reading Venture-Backed Yidao Yongche Partners With Haier On Financial Leasing Services
N5 Capital Leads $10M Series A Round In Che101
Beijing-based second-hand automobile trading platform Che101 has completed US$10 million series A funding led by N5 Capital, according to Chinese media reports. Existing investor Lightspeed Venture Partners also participated in the round. Che101 previously received several million U.S. dollar investment from Lightspeed. The company says it plans to expand its used car database to 50… Continue reading N5 Capital Leads $10M Series A Round In Che101
“The situation is dramatic”
The PSA Group gives the new subsidiary Opel three years, then the Rüsselsheim must write black numbers. For the workforce this means: It will shrink – even without dismissals. PSA boss Carlos Tavares Opel boss Michael Lohscheller Thursday, 09.11.2017 19:38 clock Little time? At the end of the text there is a summary. The tension… Continue reading “The situation is dramatic”
SPD man Machnig to be Opel coordinator
The Federal Government is preparing for negotiations on a sale of Opel: According to correspondence media reports, SPD Secretary of State Matthias Machnig chief negotiator. State Secretary Machnig (2015) Thursday, 16.02.2017 12:51 clock Minister of economic Affairs Matthias Machnig (SPD) is to serve for the German Federal Government as a central point of contact for… Continue reading SPD man Machnig to be Opel coordinator
Opel boss Neumann apparently plans to resign
Opel boss Karl Thomas Neumann is according to a newspaper report before the resignation. Accordingly Neumann wants to give the chief post when the sale of Opel to the French group PSA is completed. Karl-Thomas Neumann (at the Geneva Motor Show) Saturday, 10.06.2017 5:23 pm The chairman of the car manufacturer Opel, Karl-Thomas Neumann, apparently… Continue reading Opel boss Neumann apparently plans to resign
Peugeot boss gives job guarantee for Opel
Peugeot boss Tavares has phoned Chancellor Merkel and talked about the planned Opel takeover. According to federal government, he gave an employment guarantee for the employees. But that does not last forever. Opel plant in Kaiserslautern Tuesday, 21.02.2017 16:19 clock Peugeot boss Carlos Tavares has assured Chancellor Merkel that the French accept the ongoing guarantees… Continue reading Peugeot boss gives job guarantee for Opel
“The man who knows the costs”
Opel is in crisis – and should be sold to PSA. The former finance manager Michael Lohscheller should guide Opel as the new boss. What are his biggest challenges? Michael Lohscheller Monday, 12.06.2017 20:14 clock As man for the numbers came to finance boss Michael Lohscheller Opel, as new CEO, he will now continue. The… Continue reading “The man who knows the costs”
Tavares sets Opel employees gallows period
Opel has three years, but then the German car maker must purr PSA according to his French buyer. The workforce in Rüsselsheim puts this under enormous pressure. PSA boss Carlos Tavares Monday, 06.03.2017 15:17 clock PSA boss Carlos Tavares takes only a few minutes to outline the public to sketch his coupuntil he hands the… Continue reading Tavares sets Opel employees gallows period