Ooi Huey Tyng, GrabPay’s new managing director for Singapore, Malaysia, and the Philippines. Photo credit: Grab / MovingStills Photography Funding for a used luxury goods marketplace, corporate backing for Mobike’s ride-hailing venture, and another high-profile executive appointment at Grab. Here are the day’s top tech news stories from around the region. Transportation More details of Didi’s… Continue reading Asia tech news roundup – Jan 8
Tag: People
PROTON SALES NUMBER STABILISED IN 2017
PRESS PROTON SALES NUMBER STABILISED IN 2017 Posted on Jan 08, 2018 Subang Jaya, 7 January 2018 – PROTON managed to stabilise its sales numbers for 2017 with an overall sales of 70,991 units of cars in 2017, compared to the 72,291 units sold in the previous year. Retail sales increased 2.5% to 68,184 units… Continue reading PROTON SALES NUMBER STABILISED IN 2017
LeEco repays part of China Merchant Bank debt
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Volkswagen and NVIDIA to Infuse AI into Future Vehicle Lineup
CES—Volkswagen and NVIDIA today shared their vision for how AI and deep learning will shape the development of a new generation of intelligent Volkswagen vehicles using the NVIDIA DRIVE™ IX platform to create new cockpit experiences and improve safety. At the kickoff of CES 2018, Volkswagen CEO Herbert Diess and NVIDIA founder and CEO Jensen… Continue reading Volkswagen and NVIDIA to Infuse AI into Future Vehicle Lineup
Uber Selects NVIDIA Technology to Power Its Self-Driving Fleets
CES — NVIDIA and Uber today announced that the ridesharing company has selected NVIDIA technology for the AI computing system in its fleet of self-driving vehicles. Speaking at the opening press conference of CES 2018, NVIDIA founder and CEO Jensen Huang said that the collaboration utilizes NVIDIA technology for Uber Advanced Technologies Group’s fleets of self-driving… Continue reading Uber Selects NVIDIA Technology to Power Its Self-Driving Fleets
China’s FAW Car buys 10 percent stake in Mobike’s new car-sharing unit
BEIJING (Reuters) – FAW Car Co Ltd (000800.SZ) said on Sunday it was taking a 10 percent stake in Chinese bicycle-sharing startup Mobike’s new car-sharing unit Mobike Chuxing Technology Co. Mobike Chuxing was set up in December with registered capital of 20 million yuan ($3 million). With the strategic investment, FAW will provide electric cars… Continue reading China’s FAW Car buys 10 percent stake in Mobike’s new car-sharing unit
Mahindra’s Auto Sector Sells 39,200 vehicles during December 2017, registers a growth of 8%
Mahindra’s Auto Sector Sells 39,200 vehicles during December 2017, registers a growth of 8% MHCV segment grows by 151% at 1,193 vehicles during December 2017 Mumbai, January 1, 2018: Mahindra & Mahindra Ltd. (M&M Ltd.) today announced its auto sales performance for December 2017 which stood at 39,200 vehicles, compared to 36,464 vehicles during December… Continue reading Mahindra’s Auto Sector Sells 39,200 vehicles during December 2017, registers a growth of 8%
BYTON electric intelligent SUV makes global debut at CES
LAS VEGAS, Jan. 7, 2018 /PRNewswire/ — BYTON today debuted its first drivable concept car at the International Consumer Electronics Show (CES) in Las Vegas, U.S.A. With a unique digital design and innovative human-vehicle interaction, the premium SUV functions as a new generation smart device, built for the coming era of truly shared, smart mobility and… Continue reading BYTON electric intelligent SUV makes global debut at CES
Asset finance market reports further growth in May
6 July 2018
New figures released today by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 10% in May, compared with the same month in 2017.
New finance for plant and machinery grew in May by 4% compared with the same month in 2017, while the commercial vehicle finance sector reported new business up by 13% over the same period.
Geraldine Kilkelly, Head of Research and Chief Economist, said:
“The asset finance market continued to improve in May after a relatively quiet first quarter. The industry provided further support to the construction, manufacturing and agricultural sectors, with new finance for equipment in these sectors up by 6%, 11% and 22% respectively, compared with May 2017.”
May 2018
% change on prev. year
3 months to May
2018
% change on prev. year
12 months to May
2018
% change on prev. year
Total FLA asset finance (£m)
2,921
+10
8,984
+3
31,926
+3
Total excluding high value (£m)
2,637
+4
8,421
+3
30,127
+4
Data Extracts:
By asset:
Plant and machinery finance (£m)
586
+4
1,813
+1
6,651
+7
Commercial vehicle finance (£m)
684
+13
2,182
+6
7,561
+1
IT equipment finance (£m)
174
+1
506
-8
2,336
+5
Business equipment finance (£m)
201
-13
666
+5
2,588
+4
Car finance (£m)
870
+6
2,802
+0
9,445
+2
Aircraft, ships and rolling stock finance (£m)
15
-85
63
-81
204
-72
By channel:
Direct finance (£m)
1,334
+5
4,245
+3
15,038
+1
Broker-introduced finance (£m)
526
+2
1,630
+6
5,831
+7
Sales finance (£m)
777
+5
2,546
+1
9,257
+6
By product:
Finance leasing (£m)
312
+3
1,038
+4
3,886
+6
Operating leasing (£m)
472
-14
1,663
-16
6,335
-7
Lease/Hire purchase (£m)
1,667
+13
5,113
+9
17,273
+5
Other finance (£m)
302
+9
802
-9
3,142
-9
Note to editors:
In 2017, FLA members provided £128 billion of new finance to UK businesses and households. £32 billion of finance was provided to businesses and the public sector. FLA members financed a third of UK investment in machinery, equipment and purchased software in the UK in 2017.For media enquiries, please contact the FLA press office on 020 7420 9656.
China’s Didi Rumored To Buy Failed Bike Sharing Firm Bluegogo As Didi-Ofo Relations Worsen
China’s largest ride sharing firm Didi Chuxing has reportedly acquired collapsed bike sharing firm Bluegogo and is incubating an internal bike sharing brand, as Didi’s relationship with Chinese bike sharing leader ofo worsens. The Didi-ofo alliance appears on the verge of collapsing, Chinese media reported citing insiders with knowledge of the situation. Didi, which reportedly… Continue reading China’s Didi Rumored To Buy Failed Bike Sharing Firm Bluegogo As Didi-Ofo Relations Worsen