Uber’s early aggressive promotions like $5 rides on UberPool burned through hundreds of millions each year, sources tell Insider. The company suspended UberPool at the beginning of the pandemic and is now debating how to restart it. CEO Dara Khosrowshahi has raced to cut losses to meet profitability by later this year. See more stories… Continue reading Uber’s cheap and popular Pool ridesharing service lost the company as much as $1 million a week in San Francisco alone (UBER)
Tag: Strategy
Multi-talented tool for hammering, drilling and screwdriving: Bosch EasyHammer 12V for many materials
The Robert Bosch Power Tools GmbH, a division of the Bosch Group, is one of the world’s leading providers for power tools, garden tools, power tool accessories and measuring tools. In 2020, its roughly 20,000 associates generated sales of 5.1 billion euros, about 85 percent of which outside of Germany. With brands such as Bosch… Continue reading Multi-talented tool for hammering, drilling and screwdriving: Bosch EasyHammer 12V for many materials
Schaeffler expands its production capacities for wind power in China
2021-05-27 | Herzogenaurach/Nanjing New production hall opened for the production of large-size bearings for wind power applications in Nanjing The largest production location for wind power bearings within the Schaeffler Group worldwide Implementation of the entire value-added chain in the region strengthens sustainability Wind power is a strategic growth area as part of the Roadmap… Continue reading Schaeffler expands its production capacities for wind power in China
How Mazda Rode Out the Pandemic While Rivals Slipped
The pandemic crushed new-vehicle sales last year in the United States, with behemoths like Ford Motor, General Motors and Honda all posting double-digit sales declines. Altogether, the sales slide reached 15 percent, with under 14.5 million new cars hitting American roads, down from a five-year average of around 17 million. But Mazda — the 13th-ranked… Continue reading How Mazda Rode Out the Pandemic While Rivals Slipped
FM Capital steps up automotive investments with new $150M fund
First Move Capital, the Boulder-based venture firm that has invested in used car marketplaces Frontier Auto Group and Vroom as well as mobility-as-a-service startup Via, has closed a new $150 million fund that will focus on the automotive and transportation sectors. Existing strategic investors such as OEMs, dealers, distributors, fleet management, remarketing, insurance and software… Continue reading FM Capital steps up automotive investments with new $150M fund
Exceptional rise for April UK engine production
27 May 2021 #SMMT News #UK Manufacturing UK factories made 129,691 engines in April, up on last year when just 1,147 were produced. April 2021 output is down -22.9% on five-year average for the month.1 Year-to-date output rises 10.4% to 665,195 units, driven by increased production for the domestic market, but is still down on… Continue reading Exceptional rise for April UK engine production
@VW Group: Meschke: “Don’t be taken in by populists”003157
20/05/2021 Are bosses in Germany too shy when it comes to their political standpoint? Lutz Meschke, Member of the Executive Board at Porsche, believes so. In an interview, he challenges managers to position themselves more courageously when it comes to climate change, the coronavirus or immigration. Lutz Meschke, the Deputy Chairman of the Executive Board… Continue reading @VW Group: Meschke: “Don’t be taken in by populists”003157
Digital Health Company Pack4U Secures $20 Million in Private Equity Funding to Optimize Prescribed Medication
MOUNTAIN VIEW, Calif., May 27, 2021 /PRNewswire/ — Pack4U, a personalized medication delivery and monitoring company, today announced the closing of a US$20 million private equity financing round, to address the $528.4 billion annual cost of non-optimized medication therapy. “We start by helping people take their medication as prescribed — with easy to use digital… Continue reading Digital Health Company Pack4U Secures $20 Million in Private Equity Funding to Optimize Prescribed Medication
Considering a Career Change: Global Security Firm GardaWorld Opens Thousands of Jobs in the U.S. and Pays for Training
With unemployment benefits poised to end soon, leading security services company posts thousands of part-time, full-time job openings ST. LOUIS, May 27, 2021 /PRNewswire/ – GardaWorld, a global leader in integrated security services is hiring to fill thousands of jobs across the United States as public and community spaces continue to reopen and many businesses begin… Continue reading Considering a Career Change: Global Security Firm GardaWorld Opens Thousands of Jobs in the U.S. and Pays for Training
Insights on the Avionics Global Market to 2026 – Key Drivers, Restraints and Opportunities
DUBLIN, May 27, 2021 /PRNewswire/ — The “Avionics Market Based on System, Platform, and Geography – Global Forecast up to 2026” report has been added to ResearchAndMarkets.com’s offering. The key factors responsible for the avionics market are increasing deployment of flight management systems as avionics system caters better safety, augment the operational dependability and flexibility,… Continue reading Insights on the Avionics Global Market to 2026 – Key Drivers, Restraints and Opportunities