Patrick T. Fallon/Bloomberg via Getty Images Lyft isn’t done grappling with lawsuits over driver pay. A newly filed class action suit from California resident Fernando Villaseñor alleges that Lyft played tricks with fare distribution to misrepresent the drivers’ share and unfairly pour their lost income back into the company. Villaseñor’s attorney, Larry Peluso, asserted that… Continue reading Lyft faces another class action lawsuit over driver pay
Tag: Mobility
Carlos Ghosn: Range Is No Longer A Concern. Now The Issue Is Price.
May 11th, 2018 by Steve Hanley Carlos Ghosn may not be as sexy as Elon Musk, but he knows a thing or two about building and selling automobiles, especially electric cars. Since China is ground zero for the electric car market at the moment, it was only appropriate that Ghosn was in Hong Kong last… Continue reading Carlos Ghosn: Range Is No Longer A Concern. Now The Issue Is Price.
Murder case prompts China’s biggest ridesharing company to halt service
LightRocket via Getty Images When it comes to ridesharing companies, the safety of passengers is a universal concern. In China, Didi Chuxing, the country’s biggest ridesharing company, is stopping service for one week following the death of a female passenger. The victim, a 21-year-old flight attendant, was murdered, and the ridesharing driver is the main… Continue reading Murder case prompts China’s biggest ridesharing company to halt service
UPDATE 2-Chinese owner eyes Volvo Cars IPO, picks banks – source
NEW YORK/STOCKHOLM/BEIJING (Reuters) – The Chinese owner of Volvo Cars has hired three investment banks for an initial public offering (IPO) this year that could value the Swedish carmaker in a broad range of $16 billion to $30 billion, a person familiar with the matter said on Thursday. FILE PHOTO: The Volvo logo is seen… Continue reading UPDATE 2-Chinese owner eyes Volvo Cars IPO, picks banks – source
Ford Chairman Bill Ford Jr Says ‘Fairly Large’ Changes in Store For the Automaker
Ford Motor Co shareholders should expect “fairly large” changes in the coming year, Executive Chairman Bill Ford Jr. told Reuters, building on the automaker’s moves to discontinue some North American models and boost electric vehicle investment. Ford has promised to cut costs overall but still faces questions about lagging performance in certain regions and calls… Continue reading Ford Chairman Bill Ford Jr Says ‘Fairly Large’ Changes in Store For the Automaker
55 new models between 2018 and 2022: electric cars – Volkswagen is announcement world champion
All articles and backgrounds 05/11/2018 55 new models between 2018 and 2022 Electric cars – Volkswagen is announcement world champion Is the electromobility the future of auto industry? At least one big automaker seems to have decided on it: like the graphics of Statista shows, Volkswagen has by far the most new electric car models… Continue reading 55 new models between 2018 and 2022: electric cars – Volkswagen is announcement world champion
China’s Didi Chuxing suspends its carpooling service following murder of a passenger
Didi Chuxing, China’s largest ride-hailing service, has suspended its Hitch carpooling service for one week as it investigates the murder of a passenger. The victim was a 21-year-old air stewardess identified only as Ms. Li. State-run news agency Global Times reports that the incident took place in the evening of May 5, when she used… Continue reading China’s Didi Chuxing suspends its carpooling service following murder of a passenger
(LEAD) Hyundai mulls acquiring electronic auto parts maker for growth
(ATTN: ADDS details in 4th para and Chung’s comment on Genesis sedan in last para) SEOUL, May 11 (Yonhap) — Hyundai Mobis Co., South Korea’s largest auto parts company by sales, is considering acquiring an electronic auto component maker to stay ahead in future car technologies, the company said Friday. In a recent interview with… Continue reading (LEAD) Hyundai mulls acquiring electronic auto parts maker for growth
Press Release – Magna Announces Record First Quarter Results
Please click HERE for a PDF version of the release. Record quarterly sales, up 21% year over year to $10.79 billion Record quarterly diluted earnings per share of $1.83, increased 21% Cash provided from operating activities of $577 million, up 26%, a first quarter record Paid dividends of $118 million and returned $103 million to… Continue reading Press Release – Magna Announces Record First Quarter Results
Borgward Launches the Future-oriented GT BX6 and Electric BXi7
BEIJING, May 11, 2018 /PRNewswire/ — German-based automaker Borgward hosted the Borgward Academy of Engineering Ceremony in Beijing on May 9, 2018 at which the automaker the “Borgward Safety Shield” brand value system was showcased. The system was inspired by the corporate mission of being a craftsman true to one’s calling when it came to an immutable focus… Continue reading Borgward Launches the Future-oriented GT BX6 and Electric BXi7