The long-rumored Grab acquisition of Uber’s Southeast Asia business may be official now, but it’s far from complete. In fact, what should be a celebratory coming-of-age moment for the Southeast Asian local champion is threatening to become nightmarish thanks to persistent regulators, panicky Uber staff and reluctant drivers who are supposed to switch to Grab… Continue reading Grab’s acquisition of Uber Southeast Asia drives into problems
Tag: Financial Results
In Eisenach, Opel employees reject “French social relations”
They were nearly 800 kilometers away but gave themselves a speckled duel. On the one hand, Carlos Tavares, the boss of PSA, who promised his shareholders to straighten Opel with an iron fist. On the other hand, Wolfgang Schäfer-Klug, chairman of the German brand’s works council, promised the employees to stand firm against the “propaganda”… Continue reading In Eisenach, Opel employees reject “French social relations”
Ford Launches Single Distribution Channel in China; Names New Leaders for China, Middle East & Africa, and Marketing
Ford and its China partners establish new single distribution operation for the world’s largest automobile market designed to significantly improve customer experience, brand consistency and efficiency Ford hires two proven auto industry leaders to spearhead its business in Ford Greater China; Henry Li as vice president, Marketing and Sales, and Richard Chen as vice president,… Continue reading Ford Launches Single Distribution Channel in China; Names New Leaders for China, Middle East & Africa, and Marketing
Volvo Cars aims for 50 per cent of sales to be electric by 2025
Volvo Cars aims for 50 per cent of sales to be electric by 2025 Volvo Cars, the premium car maker, aims for fully electric cars to make up 50 per cent of its sales by 2025, the company announced today. The announcement builds on Volvo Cars’ 2017 industry-first announcement that all new models released… Continue reading Volvo Cars aims for 50 per cent of sales to be electric by 2025
CEO Tavares insists on austerity measures
At Opel, the fronts between the workforce and the French mother Peugeot harden. Despite protests and good numbers, CEO Tavares urges a wage waiver. Opelians protest in Eisenach, Thuringia Tuesday, 24.04.2018 5:32 pm Because of the planned renovation of the OpelWorks in Germany, the workforce goes with the parent company Peugeot SA (PSA) on confrontation… Continue reading CEO Tavares insists on austerity measures
Ford Changed Leaders, Looking for a Lift. It’s Still Looking.
“When are we going to know these six?” Adam Jonas of Morgan Stanley asked. “Because I asked you a pretty straightforward question. You’re alluding to the six in your slides. You’re clearly not willing to talk about them.” Then, with a tone of exasperation rarely heard in such calls, Mr. Jonas added, “That’s a problem,… Continue reading Ford Changed Leaders, Looking for a Lift. It’s Still Looking.
Groupe PSA: Shareholders’ Meeting of 24 April 2018
RUEIL MALMAISON, France–(BUSINESS WIRE)–Regulatory News: Groupe PSA (Paris:UG) : The Annual Shareholders’ Meeting of Peugeot S.A. was held on 24 April 2018, under the Chairmanship of Mr Louis Gallois. The Shareholders’ Meeting adopted all the resolutions proposed by the Supervisory Board and the Managing Board, particularly the proposal to pay a dividend in an amount… Continue reading Groupe PSA: Shareholders’ Meeting of 24 April 2018
Volvo Cars adds in-car delivery by Amazon Key to its expanding range of connected services
Volvo Cars adds in-car delivery by Amazon Key to its expanding range of connected services Volvo Cars, the premium car maker, is partnering with Amazon to bring in-car delivery of packages to customers in the United States. The collaboration represents a considerable scaling-up and maturing of Volvo’s digital consumer services via the Volvo… Continue reading Volvo Cars adds in-car delivery by Amazon Key to its expanding range of connected services
CEO Tavares insists on tough austerity measures
At Opel, the fronts between the workforce and the French mother Peugeot harden. Despite protests and good numbers, CEO Tavares urges a wage waiver. Opelians protest in Eisenach, Thuringia Tuesday, 24.04.2018 5:32 pm Because of the planned renovation of the OpelWorks in Germany, the workforce goes with the parent company Peugeot SA (PSA) on confrontation… Continue reading CEO Tavares insists on tough austerity measures
Groupe PSA: Q1 2018 Revenue Sharp Growth
RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News: Groupe PSA (Paris:UG) Group Q1 2018 revenue amounted to €18,182 million, compared with €12,798 million in Q1 2017. At constant 2015 exchange rate and perimeter, 2018 Group revenue was up 21.6%4. PCD Automotive division revenue amounted to €10,214 million up by 13.3% compared to Q1 2017. This increase was mainly driven… Continue reading Groupe PSA: Q1 2018 Revenue Sharp Growth