Mahindra and Mahindra Ltd. eyed China for being the hottest electric vehicle market. The company looked for venture partner to carry on its goal in investing Chinese market.
Transportation
Boeing Makes Further Job Cuts, Slashes 50% of Its Strategy Teams, Report Says
Boeing has reportedly executed more substantial cuts than anticipated in its strategy teams. Boeing has reportedly executed more substantial cuts than anticipated in its strategy teams.
Uber Shares Jump After the Ride-Hailing Company Picked to Join the S&P 500 Index
Uber shares popped Monday after it was announced that the ride-hailing company has been selected to join the S&P 500 Index.
Alaska Airlines Agrees to Buy Struggling Hawaiian Airlines for $1.9 Billion
Alaska Airlines has announced its plan to acquire rival Hawaiian Airlines for $1.9 billion. Alaska Airlines has announced its plan to acquire rival Hawaiian Airlines for $1.
Spirit Airlines Offers Early Departure Packages to Salaried Employees: Here's Why
Spirit Airlines is offering early departure packages to salaried employees. Amid ongoing financial challenges, Spirit Airlines is offering voluntary exit packages to salaried employees to salaried employees, marking the latest cost-cutting strategy by the budget carrier.
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US safety regulator announced Wednesday that Takata still need to recall its defective airbags. NHTSA said unless Takata proved them to be safe, all remaining airbags in US vehicles must be recalled eventually.
Uber revealed that it has received too much data request from US law enforcement agencies and regulators. The company has provided information on its riders and drivers for most requests after reviewing its legal framework.
A US Court has rejected $12.25-million legal case between Lyft and its drivers. Lyft and attorney of drivers need to sit back again on further discussions after the latest judgment.
The German carmaker's venture capital arm announced Wednesday to make strategic investment in RideCell. BMW established i Ventures in 2011 to target mobility service startups.
Competition Heats Up In China Between Uber And Didi Which Raised Funding Target to Over $1.5 Billion
Didi's target for funding has raised to $1.5 billion to compete with Uber in China. Didi operates in 400 cities and is expected to accelerate to about 10 million at the end of the year.
HERE was a Nokia map service purchased by German car makers consortium last year. This Wednesday, Daimler confirmed Microsoft and Amazon is in talks with the consortium.
Although Elon Musk was the first one to mention Hyperloop, two other companies have brought the idea closer to reality. Both companies are now preparing a track test and will begin to build the system.
Alaska Air announced to acquire Virgin America on Monday. The acquisition will be another consolidation in American airline industry.
United Airlines and the labor union both agreed on a 30% wage hike that will envelop the next five years. The agreement will benefit about 30,000 union employees that includes airport workers.
