Tag: Financial Results

Ford’s Bullitt Mustang rides again. Can McQueen’s car restore shine to faded blue oval?

When Ford unveiled the car at the Detroit Auto Show in January, the automaker pulled out all the stops, including having McQueen’s granddaughter Molly ride on stage in one of the original models used to make the movie. “I got emotional when I saw Molly McQueen talk about that car because it is the idea… Continue reading Ford’s Bullitt Mustang rides again. Can McQueen’s car
restore shine to faded blue oval?

BlaBlaCar acquires carpool rival BeepCar from Russia’s Mail.Ru

Another acquisition for French carpooling platform BlaBlaCar: It’s picked up Russian Internet giant Mail.Ru’s relatively recent rival offering, BeepCar, in what’s being billed as both an acquisition and a partnership. BlaBlaCar says the move is aimed at consolidating its international growth. “Through this acquisition, we are doubling down our commitment to develop carpooling in Russia,… Continue reading BlaBlaCar acquires carpool rival BeepCar from Russia’s Mail.Ru

China’s Didi pumps $1B into its rebranded driver services business

Didi Chuxing is going pedal to the metal for its automobile services business after it announced it will invest $1 billion into the division, which is also getting a rebrand. The Chinese ride-hailing firm had been tipped to spin out the business and raise $1.5 billion from investors ahead of an IPO, according to a recent Reuters… Continue reading China’s Didi pumps $1B into its rebranded driver services business

Subaru Corporation Announces Consolidated Financial Results for the First Quarter of FYE 2019

Tokyo, August 6, 2018 – Subaru Corporation today announced its consolidated financial results for the first quarter of fiscal year ending March 31, 2019. < Results for April-June 2018: Consolidated Net Sales >Global sales of Subaru vehicles decreased 12.3% to 238,000 units. Unit sales in Japan decreased 28.5% to 29,000 units, as sales of the… Continue reading Subaru Corporation Announces Consolidated Financial Results for the First Quarter of FYE 2019

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