Uber agreed to sell its Southeast Asia business in March, but it isn’t leaving the region. In fact, the U.S. firm is doubling down with plans to more than double its staff in Singapore. That’s right. Uber is currently in the midst of a major recruitment drive that will see Singapore, the first city it… Continue reading Uber is on a hiring spree in Singapore despite ‘exiting’ Southeast Asia
Tag: M and A
Continental Recognized by Forbes as one of The Best Employers for Women
Continental is one of seven automotive companies to make Forbes’ inaugural ranking Expansion of work-life balance initiatives with a focus on flexibility continues Earlier this year Forbes recognized Continental as one of America’s Best Employers for the third year in a row Auburn Hills, Mich., Aug. 14, 2018 – The technology company Continental was recently… Continue reading Continental Recognized by Forbes as one of The Best Employers for Women
Ford-owned Autonomic partners with Alibaba Cloud for mobility solutions
Autonomic, a wholly owned subsidiary of Ford Smart Mobility LLC, and Alibaba Cloud, the cloud computing arm of Alibaba Group, signed a Memorandum of Understanding (MOU) to bring to China the Transportation Mobility Cloud (TMC) – the world’s foremost transportation and mobility solution for connected vehicles developed by Autonomic. Peter Fleet, Ford group vice president… Continue reading Ford-owned Autonomic partners with Alibaba Cloud for mobility solutions
Geely SX11 B-segment crossover to be called Bin Yue, naming contest for international markets kicks off
[embedded content] Geely has confirmed that its B-segment crossover, codenamed SX11, will be called the Bin Yue – continuing the naming convention set by both the larger Boyue and the Bin Rui sedan. The news was revealed by a post on Facebook, in which the Chinese carmaker also announced a competition to name the new… Continue reading Geely SX11 B-segment crossover to be called Bin Yue, naming contest for international markets kicks off
CORRECTED-NIO seeks to raise $1.8 bln in biggest U.S. listing by China automaker
HONG KONG/SHANGHAI (Reuters) – Chinese electric vehicle start-up NIO on Monday filed for a $1.8 billion initial public offering of its American depositary shares, the biggest U.S. listing by a Chinese automaker. FILE PHOTO: Visitors check NIO ES8 displayed during a media preview of the Auto China 2018 motor show in Beijing, China April 25,… Continue reading CORRECTED-NIO seeks to raise $1.8 bln in biggest U.S. listing by China automaker
China’s Didi beefs up its newly-independent car services business with an acquisition
A week after spinning out its driver services business and giving it $1 billion in investment capital, Didi Chuxing has added to it through an acquisition. Xiaoju Automobile Solutions (XAS), which the Didi spinout is called, announced today it has bought Hiservice, a three-year-old company that provides after-service care for car owners using a digital platform.… Continue reading China’s Didi beefs up its newly-independent car services business with an acquisition
UPDATE 10-Musk says Silver Lake, Goldman advising on taking Tesla private
(Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk tweeted on Monday that he was working with buyout firm Silver Lake and investment bank Goldman Sachs Group Inc (GS.N) as financial advisers on his plan to take the U.S. electric car maker private. The announcement represents the latest effort by Musk to add credibility to… Continue reading UPDATE 10-Musk says Silver Lake, Goldman advising on taking Tesla private
Scooter rental startup Vogo raises Series A funding from Ola, Hero MotoCorp
August 14, 2018 Vogo, a scooter and bike sharing start-up, has raised $6-7 million in a Series A funding round led by ANI Technologies Pvt. Ltd and Hero MotoCorp chairman Pawan Munjal, according to a person familiar with the matter. Existing investors Matrix Partners India, Stellaris Venture and angel investors also participated in the funding… Continue reading Scooter rental startup Vogo raises Series A funding from Ola, Hero MotoCorp
UPDATE 7-Musk talking to Saudi fund, others as he seeks Tesla buyout financing
(Reuters) – Elon Musk on Monday explained what he meant by tweeting “funding secured” to take Tesla Inc private: he is confident a deal can be done but has not yet finalized a plan. What exactly Musk had intended by saying “secured” has emerged as a potential legal and regulatory minefield for the Silicon Valley… Continue reading UPDATE 7-Musk talking to Saudi fund, others as he seeks Tesla buyout financing
Elon Musk Says Meetings With Saudis Preceded Tweet on Taking Tesla Private
Elon Musk, Tesla’s chief executive, said on Monday that he had held meetings with representatives of a Saudi sovereign wealth fund who expressed an eagerness to help him take the electric-car maker private. Writing in a post on Tesla’s corporate blog, Mr. Musk offered his fullest explanation yet for what he said were the circumstances… Continue reading Elon Musk Says Meetings With Saudis Preceded Tweet on Taking Tesla Private