NEW YORK (Reuters) – A group of investors led by SoftBank Group Corp and Toyota Motor Corp is in talks to invest $1 billion or more into Uber Technologies Inc’s self-driving vehicle unit, which would value the unit at $5 billion to $10 billion, said two people familiar with the talks. FILE PHOTO: Uber’s logo… Continue reading SoftBank, Toyota in talks to invest $1 billion in Uber’s self-driving unit: sources
Tag: Financial Results
UPDATE 2-SoftBank, Toyota in talks to invest $1 bln in Uber’s self-driving unit -sources
NEW YORK (Reuters) – A group of investors led by SoftBank Group Corp and Toyota Motor Corp is in talks to invest $1 billion or more into Uber Technologies Inc’s self-driving vehicle unit, which would value the unit at $5 billion to $10 billion, said two people familiar with the talks. FILE PHOTO: Uber’s logo… Continue reading UPDATE 2-SoftBank, Toyota in talks to invest $1 bln in Uber’s self-driving unit -sources
Uber said to be raising $1B at a $10B valuation for its self-driving car unit
Uber is in negotiations with investors, including the SoftBank Vision Fund, to secure an investment as large as $1 billion for its autonomous vehicles unit. The deal would value the business at between $5 billion and $10 billion, according to a Tuesday report from The Wall Street Journal. Uber declined to comment. The news comes… Continue reading Uber said to be raising $1B at a $10B valuation for its self-driving car unit
SEAT kicks off its e-mobility offensive in Geneva
The carmaker shows its global vision of electric mobility, from an urban two-seater to a high-performance CUV World premiere of the el-Born, SEAT’s first 100% EV built on the MEB platform, and the CUPRA Formentor, a high-performance plug-in hybrid CUV with CUPRA DNA Also making its debut is the city ally Minimó, which is set… Continue reading SEAT kicks off its e-mobility offensive in Geneva
Volkswagen brand steps up pace of transformation
2019 is key year: electric offensive set for launch, significant efficiency increases planned Earnings improvement program to make sustained €5.9 billion contribution from 2023 Investment from 2019 to 2023 rises to €19 billion €4.6 billion investment to implement digitalization roadmap for administration Outlook 2019: growth in sales revenue of up to 5 percent – corridor of… Continue reading Volkswagen brand steps up pace of transformation
Vietnam Digest: Vingroup mulls $1b private placement; SocGen exits SeaBank
March 13, 2019 Vingroup has announced its plan to conduct a private placement offering to raise $1 billion while French Société Générale Group has fully divested 20 per cent stake in Hanoi-based lender SeABank. Vingroup to issue $1b private placement Vietnam’ biggest listed firm by market value, Vingroup, has announced its plan to conduct private placement to… Continue reading Vietnam Digest: Vingroup mulls $1b private placement; SocGen exits SeaBank
Drivezy, India’s vehicle sharing startup, is raising $100M+ at a $400M valuation, eyes US expansion
Drivezy — the startup out of India that wants to turn private car usage on its head through a car-sharing network where people lend their cars and two-wheeled vehicles but also have options to use vehicles from a fleet managed by Drivezy — said it is raising more money as it gears up for the… Continue reading Drivezy, India’s vehicle sharing startup, is raising $100M+ at a $400M valuation, eyes US expansion
Every Tesla Just Got $2,000 Cheaper
Tesla sold its 200,000th vehicle in 2018, which means the federal government is starting to phase out its EV tax credits. To soften the blow for customers, Tesla is dropping prices on its vehicles by $2,000. Now that Tesla has cut prices, the Model 3 starts at $44,000 for the mid-range battery before incentives, the Model S now… Continue reading Every Tesla Just Got $2,000 Cheaper
Tesla Cuts Seven Percent of Full-Time Workforce
Despite record sales last year and posting profitable quarters of late, Tesla is reducing its full-time employee headcount by seven percent. CEO Elon Musk made the announcement in an email to Tesla employees last Friday. Tesla’s headcount grew by 30 percent last year, which was more than the company can support, Musk said in the… Continue reading Tesla Cuts Seven Percent of Full-Time Workforce
Bentley production would be hit by hard Brexit, VW CEO says – Automotive News Europe
Volkswagen Group CEO Herbert Diess said a no-deal Brexit might mean the automaker’s UK-based Bentley brand would need to plan new investments in other countries. Asked in an interview with German broadcaster n-tv whether VW would relocate Bentley production if there was a hard Brexit, Diess said that would not be possible on a larger… Continue reading Bentley production would be hit by hard Brexit, VW CEO says – Automotive News Europe