AutosPosts filtered by tags: Finance[x]
Mexican unicorn Kavak raises a $485M Series D at a $4B valuation.April 7, 2021 at 1:01 PM Kavak, the Mexican startup that’s disrupted the used car market in Mexico and Argentina, today announced its Series D of $485 million, which now values the company at $4 billion. This round more than triples their previous valuation of $1.15 billion, which established them as a unicorn just a couple of months ago in October of 2020. Kavak is now one of the top five highest-valued startups in Latin America.
The round was led by D1 Capital Partners, Founders Fund, Ribbit, and BOND, and brings K...Tags: Startups, Transportation, Ecommerce, Apps, Mexico, Finance, Funding, Articles, Tech, Colombia, Automotive, Used Cars, Brazil, Argentina, Online Marketplace, Logistics 44 people like this. Like EC roundup: BNPL startups, growth marketing tips, solid state battery market map, moreFebruary 26, 2021 at 4:54 PM  Tags: Startups, Transportation, Cloud, Enterprise, Microsoft, Labor, Finance, Linkedin, Tech, Amanda Milligan, Fractl, Diversity, Automotive, SaaS, Venture Capital, Private Equity 118 people like this. Like Goldman Sachs is creating an auto-tech joint venture amid a SPAC boom for EV and lidar companies: ReportFebruary 13, 2021 at 1:21 PM Tags: Amazon, Transportation, Finance, Cars, Trends, Tesla, Bloomberg, Goldman Sachs, Goldman, SPAC, Nikola, Friedland, Mark Matousek, Tesla Uber, Zoox, Rivian 138 people like this. Like End-to-end operators are the next generation of consumer businessJanuary 22, 2021 at 4:20 PM  Tags: Health, TC, Transportation, Ecommerce, Column, Real Estate, Entertainment, Finance, Marketing, San Francisco, Supply Chain Management, Tech, Automotive, Yellow Pages, Exit, Battery Ventures 115 people like this. Like Tesla Knocks Facebook Off List of Top Five U.S. Companies by Market CapJanuary 8, 2021 at 4:52 PM  Tags: Auto, Transportation, Facebook, Spacex, Elon Musk, Science, Technology, Finance, Tesla, Automotive, Autonomous Vehicles, Mars, Automobiles, Electric Cars, Self Driving Cars, Stonks 78 people like this. Like Elon Musk has a new title: world’s richest personJanuary 7, 2021 at 10:58 AM Elon Musk, the controversial and enigmatic entrepreneur who heads up SpaceX and Tesla, has reached a status that only three others have held in the past two decades: world’s richest person.
On his way to the top spot, Musk has surpassed a bevy of billionaires this year, including Warren Buffet and Bill Gates. He reached the pinnacle Thursday thanks to Tesla’s share price that has skyrocketed nearly 830% since March 2020 along with a substantive pay package that was triggered after achieving ...Tags: Amazon, Transportation, Spacex, Elon Musk, Finance, Tech, Tesla, Bloomberg, Automotive, SEC, Jeff Bezos, Warren Buffet, Musk, Toyota Tesla, Ford GM VW Group 4 people like this. Like Nissan Posts Predictable Quarterly Loss, Says Annual Losses Won’t Be Too BadNovember 12, 2020 at 4:00 PM Despite predicting a rough year for itself long before the pandemic kicked the whole industry in the shins, Nissan is reporting a sunnier financial forecast. Thanks to its vast restructuring efforts and better-than-anticipated sales, the Japanese automaker has trimmed estimated annual operating losses by 28 percent. According to Nissan, that should place the 2020 cash […]
The post Nissan Posts Predictable Quarterly Loss, Says Annual Losses Won’t Be Too Bad appeared first on The Truth About Cars...Tags: Finance, Autos, Nissan, News Blog, Studies & Reports, Financial Reports, Ashwani Gupta, Makoto Uchida 24 people like this. Like Is the 2020 SPAC boom an echo of the 2017 ICO craze?August 3, 2020 at 11:52 AM  Tags: Fundings & Exits, Startups, TC, Microsoft, Finance, Satya Nadella, Tech, Tesla, Automotive, Payments, Electric, SPAC, Nikola, NIO, Market Analysis, Porch.com 110 people like this. Like Report: Automotive Industry Borrows $132 Billion Through PandemicJuly 31, 2020 at 2:05 PM The automotive industry has borrowed an estimated $132 billion since the world started taking the coronavirus more seriously, according to a recent analysis by Bloomberg. Despite migrating around the planet months before anyone thought to close down a single airport or suggest masks were necessary, March is broadly viewed as the start of the pandemic […]
The post Report: Automotive Industry Borrows $132 Billion Through Pandemic appeared first on The Truth About Cars.Tags: Finance, Bloomberg, Studies, Autos, Automotive Industry, Loans, PPP, Reports, Dealerships, News Blog, Car Dealerships, Automotive Sector 41 people like this. Like Amazon now sells auto insurance in IndiaJuly 23, 2020 at 5:31 AM Amazon’s India business said on Thursday it has begun offering auto insurance to cover two and four-wheeler in the country, marking American giant’s first foray into this financial services category globally.
The e-commerce giant said it had inked a deal with Mumbai-headquartered Acko General Insurance to offer customers car and motor-bike insurance. Amazon is also an investor in Acko.
Mahendra Nerurkar, chief executive and director of Amazon Pay in India, said on Wednesday evening at a fi...Tags: Amazon, Apps, Asia, Finance, India, Insurance, Tech, Walmart, Automotive, Mumbai, Flipkart, Vijay Shekhar Sharma, Amazon India, Paytm, ICRA, Paytm India 27 people like this. Like McLaren May Sell Stake in F1 Team to Improve Chances of SurvivalJuly 6, 2020 at 4:50 PM With McLaren scrounging for cash and cutting 1,200 positions from its ranks in the hopes of prolonging its own existence, it would be an understatement to claim 2020 has been unkind to the automaker. Most nameplates are having a rough year. And almost all are seeking ways to turn things around before the situation becomes untenable […]
The post McLaren May Sell Stake in F1 Team to Improve Chances of Survival appeared first on The Truth About Cars.Tags: Finance, F1, Autos, Mclaren, Formula 1, Industry News, News Blog 40 people like this. Like Here’s a list of tech companies that the SBA says took PPP moneyJuly 6, 2020 at 4:24 PM The U.S. Treasury Department released Monday a highly anticipated trove of data identifying every company that has received a loan of more than $150,000 from the Paycheck Protection Program (PPP) — a list that includes some of the hottest names in the tech startup world, including Bolt Mobility, Getaround, Luminar, Stackin, TuSimple and Velodyne.
The data, which lists the names of companies that received small business loans over $150,000, was the result of a push for greater transparency around...Tags: TC, Congress, Finance, Tech, Automotive, Bird, Morgan Stanley, PPP, Index Ventures, Citi, Trump, Small Business Administration, U S Treasury Department, SBA, LUMINAR, Y Combinator Research 28 people like this. Like All bets are off as Hertz pulls plan to issue $500 million in new stockJune 17, 2020 at 7:03 PM Hertz, which filed for bankruptcy last month, halted its $500 million stock offering Wednesday after the U.S. Securities and Exchange Commission told the rental company it would review its controversial plan to sell shares that could soon be wiped out completely.
Hertz disclosed Monday that it would issue a $500 million stock offering following approval from the U.S. Bankruptcy Court for the District of Delaware . Last week, the court gave Hertz permission to sell up to 246.8 million unissu...Tags: Money, Finance, Tech, Automotive, Commission, ATM, SEC, Stock Market, Hertz, Stock, Robinhood, Delaware, Advisors, U.S. Securities and Exchange Commission, U S Bankruptcy Court, Jefferies LLC 50 people like this. Like Forget the casino, bankrupt Hertz can now sell up to $1 billion in stockJune 12, 2020 at 7:17 PM Hertz, the rental car company that is going through Chapter 11 bankruptcy proceedings, can now sell up to $1 billion in stock as it seeks to tap into one of the hottest tickets in town: traders with an appetite for short-term speculative bets.
The decision Friday by the U.S. Bankruptcy Court for the District of Delaware gives Hertz permission to sell as up to 246.8 million unissued shares to Jefferies LLC. Hertz, which made the emergency request Thursday, has not entered into an agreement wit...Tags: TC, Finance, Tech, Economy, Automotive, Rental Car, New York Stock Exchange, Hertz, Stock, Robinhood, Jefferies, U S Bankruptcy Court for the District of Delaware, Nikola Motor, Robintrack, Jefferies LLC Hertz, Robinhood Hertz 15 people like this. Like Rivian is building an in-house insurance agencyMay 27, 2020 at 3:33 PM Rivian is hiring an insurance agency data manager, a job posting that suggests the all-electric automaker is planning to offer its own insurance to customers.
The job was first posted by , which also reached out to TechCrunch with the tip. Roadshow/CNET about this new position. Rivian wouldn’t provide more details about its plans, but did confirm it has some job postings in the area of insurance.
The job is to lead Rivian’s property and casualty (P&C) insurance agency, a position that e...Tags: Money, California, Finance, Insurance, Tech, Tesla, Economy, Automotive, Michigan, Illinois, TechCrunch, Normal, State Farm Insurance, Bloomington Ill, Plymouth Mich, Rivian 18 people like this. Like Uber pushes adjusted quarterly profit target to 2021May 8, 2020 at 1:28 PM Uber has pushed its target to achieve a measure of profitability to a quarter in 2021, reversing a decision made just three months ago to move up the goal to the end of this year.
Uber will miss its target to reach an adjusted EBITDA quarterly profit in the fourth period of 2020, CFO Nelson Chai said during the company’s earnings call Thursday. The new target is a quarter in 2021.
“Our goal remains the same, returning our growth to business and achieving profitability for all of our stakeh...Tags: TC, Transportation, Uber, Europe, Money, Finance, Tech, Ceo, Economy, Automotive, Profit, Earnings, North America, Cfo, Earnings Guidance, EBITDA 29 people like this. Like Tesla’s newest board member has a long stance against short sellingApril 23, 2020 at 5:14 PM Tesla has added Hiromichi Mizuno as a new member to its board of directors and audit committee — the former chief investment officer of Japan’s $1.5 trillion pension fund and a longtime opponent of common market practices like short selling.
With Mizuno’s appointment the Tesla board now has 10 members, including Oracle founder, chairman and CTO Larry Ellison and Walgreens executive Kathleen Wilson-Thompson. Mizuno will also sit on the board’s audit committee.
Hiro has a long career in fina...Tags: TC, Japan, Elon Musk, Board of Directors, Finance, Articles, Tech, Tesla, Ceo, Walgreens, Automotive, United States, Telecommunications, Larry Ellison, Corporate Governance, Director 30 people like this. Like Uber withdraws 2020 guidanceApril 16, 2020 at 7:16 PM  Tags: TC, Transportation, Uber, Finance, India, Tech, Economy, Automotive, Zomato, Online Food Ordering, EBITDA, GAAP, Didi, Dara Khosrowshahi, Yandex.taxi, Coronavirus 118 people like this. Like Uber pulls back from operating profit targetApril 16, 2020 at 7:16 PM Tags: TC, Transportation, Uber, Finance, India, Tech, Economy, Automotive, Zomato, Online Food Ordering, EBITDA, GAAP, Didi, Dara Khosrowshahi, Khosrowshahi, Yandex.taxi 135 people like this. Like Stocks post worst quarter since 2008 financial crisisMarch 31, 2020 at 4:30 PM The first quarter of 2020 ended with a whimper — with the Dow Jones Industrial Average, S&P 500 and NASDAQ posting their worst quarter in decades — as the COVID-19 pandemic continues to cause uncertainty and volatility across all major stock market indices.
At the beginning of the quarter, we were still basking in a decade-long bull market. The global pandemic, and the economic havoc it caused, put an end to those halcyon days. All major American indices dropped into bear-market territory March...Tags: TC, Cloud, Europe, Finance, China, Tech, Automotive, United States, SaaS, Earnings, Federal Reserve, Nasdaq, Dow Jones, Bessemer, Stonks, COVID-19 5 people like this. Like GM Pads Wallet to Weather Coronavirus StormMarch 24, 2020 at 3:17 PM Following in the footsteps of rival Ford, General Motors is drawing on credit to bolster its cash reserves. The company, which announced a temporary shutdown of its U.S. assembly plants last week, is in the same basket as pretty much any other automaker operating in the country. As well, GM — again, like Ford — […]
The post appeared first on The Truth About Cars.Tags: Finance, General Motors, Ford, Gm, Autos, Ford General Motors, News Blog, U S assembly, Coronavirus 17 people like this. Like Beijing Auto Show postponed due to coronavirusFebruary 17, 2020 at 2:35 PM China’s annual auto show in Beijing has been postponed because of novel coronavirus, as the number of cases of people infected surpass 71,000.
The Beijing International Automotive Exhibition, which was scheduled to begin April 21, is the latest high-profile event that has been either cancelled or postponed over concerns of coronavirus. A new date will be announced in the future, organizers said on the official event website.
Earlier this month, MWC canceled its event in Barcelona, which was supp...Tags: TC, Asia, Finance, China, Tech, Barcelona, Beijing, Automotive, New York Times, Credit Suisse, Shanghai, Financial Services, Communist Party, Republic of China, Credit Suisse Group AG, Beijing Auto Show 21 people like this. Like Shrunken unicorn Fair cancels car leasing to Uber driversFebruary 6, 2020 at 6:00 PM  Tags: Startups, TC, Transportation, Uber, Finance, Softbank, Tech, Automotive, Venture Capital, Getaround, TechCrunch, Flexport, Fair, Elliott Management, Scott Painter, xChange 104 people like this. Like Shrunken unicorn Fair cancels car leasing to Uber drivers, citing high insurance premiumsFebruary 6, 2020 at 6:00 PM Tags: Startups, TC, Transportation, Uber, Finance, Softbank, Tech, Automotive, Venture Capital, Getaround, TechCrunch, Flexport, Fair, Elliott Management, Scott Painter, xChange 59 people like this. Like SoftBank-backed Fair puts the brakes on weekly car rentals for Uber driversFebruary 6, 2020 at 6:00 PM Tags: Startups, TC, Transportation, Uber, Finance, Softbank, Tech, Automotive, Venture Capital, Getaround, TechCrunch, Flexport, Fair, Elliott Management, Scott Painter, xChange 147 people like this. Like Tesla temporarily closes Shanghai factory over coronavirus concernsJanuary 29, 2020 at 8:09 PM Tesla has shut down its Shanghai factory as part of a broader order by the Chinese government to stem the spread of the coronavirus in the region, a closure that will delay Model 3 production and ultimately put slight downward pressure on profits in the first quarter, the automaker’s finance chief Zach Kirkhorn said during an earnings call Wednesday.
Prior to the call, Tesla reported Wednesday $105 million in net income, or 56 cents a diluted share, compared with $140 million, or 78 cent...Tags: Apple, TC, Finance, China, Tech, Tesla, Automotive, United States, Shanghai, Tim Cook, Toyota, Starbucks, Viruses, Wuhan, Tesla Model 3, FREMONT 7 people like this. Like US to inject $300M into research for cleaner transport techJanuary 23, 2020 at 10:20 AM  Tags: Startups, UK, Money, Finance, Cars, US, United States, Trump, US Department of Energy, Tesla Model, Hard Fork, Mark Menezes, Washington Auto Show Washington Examiner 59 people like this. Like VW knows it must become a tech company to compete with TeslaJanuary 17, 2020 at 7:23 AM  Tags: Startups, Europe, Finance, Berlin, Cars, Tesla, World, Vw, Herbert Diess, Volkswagen VW 143 people like this. Like What is the law on displaying a number plate?December 26, 2019 at 11:26 PM  Tags: Auto, Food, UK, Finance, Car, DVLA, Number Plate, Vehicle, Charles Wright 120 people like this. Like Should I Repair or Just Replace My Old Car?October 23, 2019 at 10:28 AM  Tags: Personal Finance, Money, Saving Money, Finance, Value, Cars, Maintenance, Repair, Vehicles, Car Buying, Autos, Ask Lifehacker, Lifehacks, Automobiles, Edmunds, Car Shopping 78 people like this. Like |
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