Tag: Mobility

SoftBank led $500M investment in Didi in China’s biggest autonomous driving round

The race to automate vehicles on China’s roads is heating up. Didi, the Uber of China, announced on Friday an outsized investment of over $500 million in its freshly minted autonomous driving subsidiary. Leading the round — the single largest fundraising round in China’s autonomous driving sector — is its existing investor Softbank, the Japanese… Continue reading SoftBank led $500M investment in Didi in China’s biggest autonomous driving round

Chinese ride-hailing giant Didi Chuxing rakes in $500m for autonomous driving unit

Chinese ride-hailing giant Didi Chuxing announced on Friday that its autonomous driving subsidiary has raked in $500 million in what is the firm’s first external funding round since Didi created the subsidiary in 2016. Led by SoftBank’s Vision Fund 2 and claimed to be the largest fundraising round in China’s autonomous driving sector, the transaction… Continue reading Chinese ride-hailing giant Didi Chuxing rakes in $500m for autonomous driving unit

SoftBank leads $500 million fundraising for Didi’s self-driving unit

FILE PHOTO: Logo of Didi Chuxing is seen at its headquarters building in Beijing, China August 28, 2018. REUTERS/Jason Lee BEIJING/SHANGHAI (Reuters) – China’s Didi Chuxing said on Friday it had completed a fundraising round of over $500 million for its autonomous driving subsidiary that was led by SoftBank Group’s (9984.T) Vision Fund 2. The… Continue reading SoftBank leads $500 million fundraising for Didi’s self-driving unit

China’s Didi Chuxing raises over $500 million for autonomous driving unit

FILE PHOTO: Logo of Didi Chuxing is seen at its headquarters building in Beijing, China August 28, 2018. REUTERS/Jason Lee SHANGHAI (Reuters) – China’s Didi Chuxing said on Friday it had completed a fundraising round of over $500 million for its autonomous driving subsidiary. The ridehailing giant said the round was led by SoftBank Vision… Continue reading China’s Didi Chuxing raises over $500 million for autonomous driving unit

Private Equity Firm Takes Stake in CarTrawler

CarTrawler announces the winners of its 2019 Customer Satisfaction Awards in Dublin in November, 2019. Photo courtesy of CarTrawler. CarTrawler, a B2B provider of car rental and mobility solutions to the global travel industry, announced on May 19 a controlling equity investment more than €100 million ($111 million) from TowerBrook Capital Partners L.P., an international investment… Continue reading Private Equity Firm Takes Stake in CarTrawler

Days after layoffs, an Uber exec sold over half her Uber stock for $8.6 million, while cofounder Garrett Camp has sold $69.6 million in stock since March 12 (UBER)

Days after Uber laid off about a quarter of its workforce, one of its senior executives — marketing leader Jill Hazelbaker — sold more than half of her stake of Uber shares for $8.6 million. Employees have been chattering about the sale internally, not only because of its timing but because of its size, with… Continue reading Days after layoffs, an Uber exec sold over half her Uber stock for $8.6 million, while cofounder Garrett Camp has sold $69.6 million in stock since March 12 (UBER)

Uber: Analysis on Impacts of Driver Reclassification

By Alison Stein, Economist at Uber On May 22nd, California’s state unemployment rate rose to a record 15.5%. Over 2.9 million Californians are out of work, more than during the height of the 2008–2009 recession. However, despite the current economic crisis, the State government is currently pursuing actions that we estimate threaten 158,000 additional work opportunities… Continue reading Uber: Analysis on Impacts of Driver Reclassification

@VW Group: Landmark in Volkswagen-Ford global alliance

Landmark in Volkswagen-Ford global alliance: The Volkswagen AG Supervisory Board ap-proved further contracts under the cooperation with Ford Motor Company announced last year. The next milestones in the vehicle projects are anticipated to be implemented in near the future with the signatures of both companies. Three projects in the areas of elec-trification and commercial vehicles… Continue reading @VW Group: Landmark in Volkswagen-Ford global alliance

@Toyota: Toyota Releases Sales, Production, and Export Results for April 2020

Toyota City, Japan, May 28, 2020 – (JCN Newswire) – Toyota Motor Corporation (TMC) announces its sales, production, and export results for April 2020 as well as the cumulative total from January to April 2020, including those for subsidiaries Daihatsu Motor Co., Ltd. and Hino Motors, Ltd. April 2020 Sales Results Toyota– Worldwide sales: Fourth… Continue reading @Toyota: Toyota Releases Sales, Production, and Export Results for April 2020