Travis Kalanick may be busy cooking up a cloud kitchen business, but that hasn’t stopped the former Uber CEO’s VC fund from making its first investment in Southeast Asia. 10100, the firm that Kalanick launched last year for investments in Asia, just took part in a $7.6 million seed round for Kargo, an early-stage “Uber… Continue reading Indonesia’s Kargo comes out of stealth with $7.6M from Travis Kalanick, Sequoia and others
Tag: Financial Results
Decisions taken by Valmet Oyj’s Annual General Meeting and Board of Directors
Decisions taken by Valmet Oyj’s Annual General Meeting and Board of Directors Valmet Oyj’s stock exchange release on March 21, 2019 at 4:30 p.m. EET The Annual General Meeting of Valmet Oyj was held in Helsinki today on March 21, 2019. The Annual General Meeting adopted the Financial Statements for 2018 and discharged the members… Continue reading Decisions taken by Valmet Oyj’s Annual General Meeting and Board of Directors
Daimler taps Goldman to raise China BAIC shareholding – sources
HONG KONG (Reuters) – Daimler has asked Goldman Sachs to help it explore increasing its stake in Chinese carmaker BAIC Motor Corp, its main China joint venture partner, two people with knowledge of the matter said. The Daimler is seen during a press conference on the second press day of the Paris auto show, in… Continue reading Daimler taps Goldman to raise China BAIC shareholding – sources
Auto: the shift to electrical puts equipment manufacturers under pressure
By accelerating suddenly on the electric, Herbert Diess gives cold sweats to the equipment manufacturers. The boss of Volkswagen announced last week that the giant with twelve brands (Seat, Skoda, Audi, Porsche …) would focus on the electric at the expense of other technologies, forcing with him the whole branch to follow movement. And so… Continue reading Auto: the shift to electrical puts equipment manufacturers under pressure
U.S. fund Elliott suffers crushing defeat in Hyundai proxy vote
By Hyunjoo Jin and Ju-min Park SEOUL (Reuters) – Investors in Hyundai Motor Group companies rejected on Friday Elliott Management’s demands for a massive special dividend and board seats, dealing a blow to the U.S. hedge fund’s campaign to shake up South Korea’s second-biggest family-run conglomerate. Elliott’s loss in a series of closely watched votes… Continue reading U.S. fund Elliott suffers crushing defeat in Hyundai proxy vote
Hyundai Mobis shareholders reject Elliott’s proposal to expand board
SEOUL, March 22 (Reuters) – Hyundai Mobis shareholders on Friday voted against Elliott Management’s proposal to expand the board to 11 directors from nine. The shareholders are set to vote on respective director nominees from the U.S. hedge fund and the management, after shareholders rejected Elliott’s dividend proposal earlier in the meeting. Reporting by Hyunjoo… Continue reading Hyundai Mobis shareholders reject Elliott’s proposal to expand board
Geely presses ahead with European debut as China auto sales slow – Nikkei Asian Review
HONG KONG — Chinese automaker Zhejiang Geely Holding Group is moving ahead with plans to roll out models in Western Europe this year after missing its annual sales target amid setbacks at home, the company said Thursday. Rising competition and weak consumer appetite for big-ticket items in China prompted Geely, one of the country’s top private automakers and… Continue reading Geely presses ahead with European debut as China auto sales slow – Nikkei Asian Review
Autobusses put electro-conflict for the time being
VW boss Diess wants to concentrate state subsidies exclusively on e-cars, with the advance, however, BMW has grossed. Now the corporations have agreed to work together to prepare a strategy. Has triggered the dispute: VW boss Herbert Diess (archive) Thursday, 21.03.2019 07:24 clock The VWDemand for a radical change to battery-powered electric mobility has the… Continue reading Autobusses put electro-conflict for the time being
Mark Ovenden
Mark Ovenden is president, International Markets Group, Ford Motor Company effective April 1. In this role, he will lead the business unit which oversees more than 100 markets, including the company’s operations in Africa, ASEAN, Australia, India, Mexico, Middle East, New Zealand and South Korea, and a number of emerging and distributor markets around the… Continue reading Mark Ovenden
Technology dispute between BMW and VW: Autobuses put electro-conflict for the time being
VW boss Diess wants to concentrate state subsidies exclusively on e-cars, with the advance, however, BMW has grossed. Now the corporations have agreed to work together to prepare a strategy. The VWDemand for a radical change to battery-powered electric mobility has the German auto industry split. Essentially, it is about whether state subsidies – as… Continue reading Technology dispute between BMW and VW: Autobuses put electro-conflict for the time being