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
Tag: Financial Results
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
Tesla had its best day in over 4 years after promises of a profitable second half
Shares of Tesla closed more than 16 percent up Thursday, a day after CEO Elon Musk and the automaker promised a profitable second half of 2018 during its second-quarter earnings report.
Tesla shorts lose more than $1 billion on post-earnings surge
Investors betting against Tesla lost more than $1 billion Thursday as the company’s shares rallied the most in over two years, according to estimates from financial technology firm S3 Partners.
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
Elon Musk makes the ‘most valuable apology of all time’ on Tesla’s earnings call
Wall Street is happy over Tesla’s quarterly results and guidance, but Elon Musk’s apologies to multiple analysts may even be more important to the company’s shares and investor sentiment.
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.