Chinese ride hailing giant DiDi said it will suspend its hitch service nationwide for a week for rectification, following a murder case earlier this week. The case comes at a time when Didi is reportedly planning an initial public offering this year or next, and is facing increasing competition from strong new players in China’s… Continue reading Didi Suspends Hitch Service For A Week Following Murder Case
Tag: Mobility
Munchery shuts down operations in LA, New York and Seattle
Munchery, the on-demand food delivery startup, has shut down its operations in Los Angeles, New York and Seattle, the company announced on its blog today. That means the teams from those cities are also being let go. “We recognize the impact this will have on the members of our team in those regions,” Munchery CEO… Continue reading Munchery shuts down operations in LA, New York and Seattle
Nidec Unveils Up To 320 kW Ultra Fast Charger
Nidec Industrial Solutions enters the ultra-fast charging segment with a new 320 kW charger, equipped with a 160 kWh energy storage system to limit the draw from the grid to 50 kW. That and the recent developments of electric powertrains makes us think Nidec is seriously interested in electrification. Porsche Mission E Cross Turismo The… Continue reading Nidec Unveils Up To 320 kW Ultra Fast Charger
Lyft faces another class action lawsuit over driver pay
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
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