Car rental startup Zoomcar raises $3.6m debt funding from Trifecta

August 6, 2018 Self-drive car rental start-up Zoomcar India Pvt. Ltd has raised $3.6 million (Rs 25 crore) in debt funding from Trifecta Capital, said a report in Yourstory quoting filings with Registrar of Companies (RoC). The development comes almost six months after the Bengaluru-headquartered startup closed a $40-million Series C funding round led by automobile… Continue reading Car rental startup Zoomcar raises $3.6m debt funding from Trifecta

Production slowdown at Opel raises renewed questions over carmaker future

Video PlayerClose BERLIN, Aug. 3 (Xinhua) — German carmaker Opel has been forced to throttle the pace of production on its assembly lines due to weaker than expected sales, the newspaper Mainzer Allgemeine Zeitung reported on Friday. Responding to the report, the Ruesselsheim-based company merely confirmed that vehicle manufacturing output was regularly adjusted in response… Continue reading Production slowdown at Opel raises renewed questions over carmaker future

Future-ready? Fireside chat with Anand Mahindra, Chairman, Mahindra Group

Future-ready? Fireside chat with Anand Mahindra, Chairman, Mahindra Group Our future world need not necessarily look like a scene straight out of a sci-fi thriller. But it would entail newer business and job opportunities powered by humans and technologies, and hopefully, concerted efforts by our race to be more sustainable. Anand Mahindra caught up with… Continue reading Future-ready? Fireside chat with Anand Mahindra, Chairman, Mahindra Group

Earnings boosted: “It’s hard to believe” – ​​VW return on Toyota level

All articles and backgrounds 08/03/2018 Earnings boosted “It’s hard to believe” – ​​VW returns close to Toyota DPA Volkswagen headquarters in Wolfsburg Toyota In terms of earning power, it ties in with earlier heydays. The Japanese group increased its operating profit in its first quarter by just under one-fifth to the equivalent of around 5.3… Continue reading Earnings boosted: “It’s hard to believe” – ​​VW return on Toyota level

Stop Uber From Flooding New York

On Tuesday evening, the New York City Council introduced a bill to place a temporary cap on the number of for-hire vehicles — the kind provided by services like Uber and Lyft — allowed on the city’s streets. It’s about time: In recent years these cars have flooded New York, clogging our streets and driving… Continue reading Stop Uber From Flooding New York

Actually, Curbing Uber Won’t Relieve Heavy Traffic

Are ride-sharing and -hailing services like Uber and Lyft causing road congestion? This has been the perception in cities across the country, and the companies have come under fire for it. In New York City, it has led to a proposal to curb, for a year, for-hire-vehicle companies from adding new driver’s licenses (except for… Continue reading Actually, Curbing Uber Won’t Relieve Heavy Traffic

Wall Street believes this could be the turning point for Tesla. Here are the highlights from every major analyst

Rashid Abbasi | Reuters Elon Musk, Chairman of SolarCity and CEO of Tesla Motors, speaks at SolarCity’s Inside Energy Summit Tesla shares leaped higher after chief executive Elon Musk said the electric car maker beat Wall Street’s revenue expectations, apologized for prior bad manners toward analysts and reiterated a promise for future profitability.