DiDi Global has suspended plans to expand in Europe partly because of concerns over how the Chinese ride-hailing company handles passenger data, according to a person familiar with the matter.
Browsing: Motoring
Uber Technologies has announced a huge expansion of its operating base in South Africa, launching in 21 of the country’s smaller cities and towns, and reaching 80% of the urban population.
Chinese-owned Uber Technologies rival Didi Chuxing Technology – better known as DiDi – will be launched in Johannesburg and Pretoria next Monday, 23 August.
Tesla CEO Elon Musk’s total compensation for 2020 was nil, compared to $23 760 in 2019. However, finance chief Zachary Kirkhorn’s total compensation was $46.6-million.
The Competition Tribunal has given the green light for JSE-listed Transaction Capital to buy a controlling 74.9% stake in South African online car marketplace WeBuyCars. No conditions were attached.
Bolt Technology, which competes with Uber Technologies in Africa and Europe, doubled its valuation to €4-billion after raising money to finance a grocery delivery service.
Mango Airlines temporarily suspended all flights and services on Tuesday until further notice due to outstanding payments to Air Traffic Navigation Services, acting CEO William Ndlovu said.
South African Airways subsidiary Mango Airlines will enter into business rescue, SAA’s interim CEO, Thomas Kgokolo, told the eNCA television news channel on Monday.
Mercedes-Benz plans to invest more than €40-billion by 2030 to be ready to take on Tesla in an all-electric car market, but warned the shift in technology would lead to job cuts.
New data released by Netstar, the vehicle tracking and recovery firm owned by JSE-listed Altron, has shows clearly the massive impact of last week’s riots on South Africa’s trucking industry.