Nov 8 (Reuters) – Robyn Denholm will replace Elon Musk as chair of Tesla Inc, CNBC reported on Thursday. Denholm will leave her role as CFO and head of strategy of Telstra once her six-month notice period with the Australian telecommunications company is complete, CNBC reported cnb.cx/2D9GAUD. Tesla and Telstra did not immediately respond to… Continue reading Robyn Denholm to replace Elon Musk as Tesla chair – CNBC
Tag: Strategy
Grab secures $50m funding from KASIKORNBANK, marks entry of payments biz in Thailand
November 8, 2018 Ride-hailing major Grab announced that it has raised an $50 million strategic investment from Thailand-based KASIKORNBANK (KBank), at the same time, marking the entry of its payment arm into the Thai market, it said in an announcement today. According to the startup, Grab Financial has secured an e-money licence in Thailand, and… Continue reading Grab secures $50m funding from KASIKORNBANK, marks entry of payments biz in Thailand
BMW: Ongoing trade war could push some South Carolina car production to China
BMWs are ready to be loaded onto a ship for export at the port of Charleston. About $8.76 billion worth of X model vehicles, all assembled in Spartanburg County, were exported through the port in 2017. (Photo: Fred Rollison, Provided/BMW Manufacturing) BMW is considering building more SUVs in China as tariffs between the United States… Continue reading BMW: Ongoing trade war could push some South Carolina car production to China
Self-driving car industry needs standards and security: executives
BERLIN (Reuters) – Automakers need standards for key equipment, a wide-reaching 5G broadband network and strong partnerships to make self-driving cars and electric vehicles a success, top European car industry executives said on Wednesday. FILE PHOTO – Ralf Speth, CEO of Jaguar Land Rover delivers a keynote speech at their ‘Tech Fest’ in London, September… Continue reading Self-driving car industry needs standards and security: executives
Qualcomm tops Q4 earnings targets, eyes 5G growth
Qualcomm published better-than-expected fourth quarter financial results on Wednesday. The semiconductor giant reported non-GAAP earnings of 90 cents per share on revenue of $5.8 billion, down two percent year over year. Wall Street was looking for earnings of 83 cents per share with $5.52 billion in revenue. Featured stories For the full fiscal year 2018,… Continue reading Qualcomm tops Q4 earnings targets, eyes 5G growth
Addison Lee launches self-driving taxi trials in Canary Wharf
Private hire firm Addison Lee has begun trialling self-driving car technology, created by UK startup Oxbotica, on the streets of London. Driving around the skyscrapers of Canary Wharf, Addison Lee’s manned cars are creating a three-dimensional street map of the city in order to create the backdrop for future driverless cars. Organised together with Canary… Continue reading Addison Lee launches self-driving taxi trials in Canary Wharf
Workhorse Group Reports Third Quarter 2018 Results
CINCINNATI, Nov. 7, 2018 /PRNewswire/ — Workhorse Group Inc. (NASDAQ: WKHS), an American technology company focused on changing the way the world works by providing sustainable and cost-effective transportation solutions, today reported financial results for the third quarter ended September 30, 2018. Third Quarter and Recent Operational Highlights In July, secured $6.1 million term loan… Continue reading Workhorse Group Reports Third Quarter 2018 Results
Start of production in Dingolfing: First BMW 8 Series Convertible rolls off the line
Dingolfing. Four months after production of the new BMW 8 Series Coupé ramped up in Dingolfing, the BMW 8 Series family is joined by another new addition from Lower Bavaria. Earlier this week, BMW Group Plant Dingolfing began series production of the new BMW 8 Series Convertible, which will be built alongside BMW 5 Series… Continue reading Start of production in Dingolfing: First BMW 8 Series Convertible rolls off the line
BMW Group clearly focused on mobility of the future
Munich. The BMW Group remains firmly committed to following its forward-looking strategy, despite the current challenging conditions. In line with its Strategy NUMBER ONE > NEXT, the BMW Group continues to invest extensively in tomorrow’s technologies and is maintaining its steady course, despite highly volatile geopolitical and trade policy developments. “Our forward-looking approach has absolute… Continue reading BMW Group clearly focused on mobility of the future
Grab pulls in $250M from Hyundai as ongoing round reaches $2.7B
Grab, the Singapore startup that bought Uber’s Southeast Asia business earlier this year, continues to announce strategic investors for its ongoing Series H funding round. The latest edition revealed today is Korean automotive firm Hyundai, which is investing $250 million. Hyundai first invested in Grab in January, and it joins recently announced investors Microsoft (undisclosed)… Continue reading Grab pulls in $250M from Hyundai as ongoing round reaches $2.7B