Ride-sharing startup Lyft, as expected, announced this morning that it is kicking off the roadshow for its IPO — setting the clock ticking for its IPO likely in the next two weeks. Around that, it also filled in some more details. The stock will trade as “LYFT” on Nasdaq, and the IPO range is currently set for… Continue reading Lyft sets $62-68 price range for its IPO to raise up to $2.1B, will trade as LYFT on Nasdaq
Tag: GM
Car manufacturers: dispute at Opel escalates – employee representatives reject negotiations with Segula
Protests against sales plans in December 2018 2,000 of the 7,000 engineers currently employed by Opel at its headquarters in Rüsselsheim are to be outsourced to Segula by the summer of 2019. (Photo: AP) MunichThe managers of Opel and Segula agree: your project is a “triple win”. Everyone will benefit: the hessian automaker, the French… Continue reading Car manufacturers: dispute at Opel escalates – employee representatives reject negotiations with Segula
Fight for 2000 Jobs: Dispute at Opel escalates – no negotiations with Segula
Protests against sales plans in December 2018 2000 of the 7000 engineers that Opel currently employs at its headquarters in Rüsselsheim are to be outsourced to Segula by the summer of 2019. (Photo: AP) MunichThe managers of Opel and Segula agree: your project is a “triple win”. Everyone will benefit: the hessian automaker, the French… Continue reading Fight for 2000 Jobs: Dispute at Opel escalates – no negotiations with Segula
Thierry Koskas appointed Senior Vice-President, Sales & Marketing at Groupe PSA
Thierry Koskas has been appointed Senior Vice-President, Sales & Marketing at Groupe PSA, effective 26 March 2019. He will report to Carlos Tavares, Chairman of the Managing Board. The role of the Sales & Marketing Department is to boost the Group’s commercial effectiveness, help move the brands up the value chain and enhance the sales and marketing… Continue reading Thierry Koskas appointed Senior Vice-President, Sales & Marketing at Groupe PSA
Automobile Nerds: Simply unmistakable
Ferdinand Filter has with his automobile have to take a lot. Because since the North German Fiat Multipla drives, there were always silly sayings of passers-by because of the bizarre design of the Italian van. That did not detract from his enthusiasm. On the contrary: Filter drives its “whale on wheels” with pride and love… Continue reading Automobile Nerds: Simply unmistakable
Cadillac Introduces Limited-Edition XT5 Sport Package
Cadillac Introduces Limited-Edition XT5 Sport Package Global best-seller shows its dark side and expands portfolio choices with aggressive style 2019-03-06 Oshawa — The 2019 XT5 Sport is a new look infused with darkened exterior styling elements that complement Cadillac’s signature front, cornering and LED lighting, adding a personalized flair to Cadillac’s global best-selling crossover. The… Continue reading Cadillac Introduces Limited-Edition XT5 Sport Package
GM Canada Reports February Sales
GM Canada Reports February Sales 2019-03-01 OSHAWA, Ontario (March 1, 2019) — Chevrolet, Buick, GMC and Cadillac dealers delivered 16,350 vehicles in February including 11,401 retail and 4,949 fleet deliveries. “Canadians continue to love our full portfolio of crossovers and this momentum continued in February, with our best crossover sales month ever,” said Scott Bell, vice-president, sales,… Continue reading GM Canada Reports February Sales
Ford is cutting 5,000 jobs in Germany with more cuts coming for the UK
Oliver Berg | picture alliance | Getty Images
North Rhine-Westphalia, Köln: An employee installs a door in a Ford Fiesta at the Ford plant. The US car manufacturer Ford wants to cut 5000 jobs in Germany.
Ford is cutting 5,000 jobs in Germany and more in the U.K. as part of an effort to reduce costs in Europe, the company said Friday.
The automaker offered voluntary separation packages for employees in Germany and the U.K. to help accelerate its plan to improve performance in the region, where Ford has struggled. The total number of jobs affected in the U.K. have yet to be determined.
The automaker is undergoing a larger plan to restructure its operations worldwide, which it's said will cost $11 billion. Ford is reshaping its European business into three different business groups that focus on commercial vehicles, passenger vehicles, and imports. The carmaker plans to simplify its product lines and focus on the most profitable vehicles.
Ford said in January it plans to partner with German carmaker Volkswagen on a number of initiatives, including trucks and commercial vans for markets around the world.
Europe has also been difficult for Ford's Detroit rival General Motors sold off its European business entirely in 2017, to French automaker Groupe PSA and French banking groun BNP Paribas.
UPDATE 1-Ford to cut more than 5,000 jobs in Germany, others in UK
FILE PHOTO: The Ford logo is seen at the North American International Auto Show in Detroit, Michigan, U.S., January 15, 2019. REUTERS/Brendan McDermid/File Photo BERLIN (Reuters) – U.S. automaker Ford plans to cut more than 5,000 jobs in Germany and will reduce its workforce in Britain as well as it seeks to return to profit… Continue reading UPDATE 1-Ford to cut more than 5,000 jobs in Germany, others in UK
Uber plans to kick off IPO in April
studioEAST | Getty Images
A man holds an Apple iPad Mini as he uses Uber app.
Ride-hailing company Uber is planning to kick off its initial public offering in April, putting it close on the heels of its smaller rival Lyft, people familiar with the matter said on Thursday.
Next month, Uber will issue its required public disclosure, known as an S-1, and launch its investor roadshow, the people said.
The IPO is expected to be one of the biggest technology debuts. The Wall Street Journal previously reported that proposals for Uber's IPO valued the company at $120 billion.
The timing for Uber's IPO means it will most likely be hitting the public markets soon after Lyft completes its own public offering, which is expected to happen by the end of March, people familiar with the matter said.
Uber and Lyft join a number of tech companies expected to go public this year, including Slack, Pinterest and Palantir.
Uber declined to comment.
–CNBC contributed to this article.
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