South Korean carmaker Hyundai Motor Company is the latest to jump into the ride-hailing market through an investment and strategic agreement with Singapore-based Grab Taxi Holdings Pte. Ltd. The key officials of both the firms have stated that they will work together on a mobility service platform that uses Hyundai vehicle models such as Ioniq Electric. Young Cho Chi, chief innovation officer and head of Strategy & Technology Division at Hyundai.
Grab has expanded to eight Southeast Asian countries and has said it is the biggest operator in the region's third-party taxi hailing and private-vehicle hailing sector. "We will continue expanding collaboration with leading mobility service providers in the world". Firms such as Hyundai have apparently joined the likes of Softbank, Toyota Tsusho, and Didi Chuxing that had also invested in the current fundraising move by Grab.
Hyundai Motor vice chairman Chung Eui-sun said on Wednesday it is considering building a vehicle plant in Southeast Asia, possibly in Indonesia or Vietnam.
Hyundai also has services operational in the Netherlands and Austria, but a partnership with Grab - which claims 2.3 million drivers and 77 million consumer app downloads - would represent its most significant consumer exposure to date.
Korea Investment CORP Cuts Position in Intel Co
The stock of Alexion Pharmaceuticals, Inc. (NASDAQ:TBBK) earned "Outperform" rating by Raymond James on Monday, July 31. Highstreet Asset Management Inc.'s holdings in Intel were worth $2,061,000 at the end of the most recent quarter.
As per reliable sources, earlier in January 2017, Hyundai had entered into collaboration with WaiveCar for introducing electric vehicle auto sharing activities financed via advertisements.
The South Korean auto maker is already dabbling in car-sharing on its own in the US, Netherlands and Austria, where its Ioniq electric vehicles are available for rent in major cities such as Amsterdam and Vienna. Grab now delivers 3.5 million daily rides, has 2.3 million drivers and offers services that include private vehicle, motorbike, taxi and carpooling services across 168 cities.
Uber doesn't provide comparative figures for its business in Southeast Asia, but Grab appears - at this point - to be ahead in a region that is widely seen as nascent but with growth potential.
The total amount of shares outstanding is 252.71 million, giving the company a market capitalization of about 8.05 billion. Cornerstone Capital Management Holdings LLC.'s holdings in Xerox were worth $3,301,000 as of its most recent SEC filing.
Ameriprise Fin Inc accumulated 0% or 2.76M shares. (NASDAQ:MIK) has declined 29.62% since January 10, 2017 and is downtrending. 1/10/2018 - Novavax had its price target lowered by analysts at S&P Equity Research from $1.81 to $1.35.
Oregon Public Employees Retirement Fund holds 0.04% of its portfolio in Discover Financial Services (NYSE:DFS) for 39,768 shares. California State Teachers Retirement holds 0.09% of its portfolio in Discover Financial Services (NYSE:DFS) for 659,067 shares.
Travers said his company hopes to ship the AR glasses sometime during the second quarter of 2018 for around $1,000. Voice assistants and augmented-reality products will be highlighted at next week's CES consumer electronics show.
In a facebook post in memory of those who lost their lives in a natural disaster in Haiti eight years ago, Mr. Clinton said working for the United Nations in Haiti is one of the great honours of his life.
The Goodyear Tire & Rubber Company (GT) has 0 billion shares outstanding now , 96.24% of which belong to institutional investors. TIAA CREF Investment Management LLC boosted its stake in The Goodyear Tire & Rubber Company by 29.0% in the third quarter.
The "If You Had My Love" performer is the latest in the huge names to make a comeback in the hit "Will & Grace" revival. The Will & Grace team recently confirmed the development and shared a picture of the crew with Jennifer welcoming her.
The consensus recommendation is the average rating on a stock by the analyst community. (NASDAQ:KMPH) rating on Friday, August 14. The stock of Cypress Semiconductor Corporation (NASDAQ:CY) has "Buy" rating given on Friday, October 9 by Topeka Capital Markets.
Palace manager Roy Hodgson will hope to have both back for the trip to the Emirates Stadium to take on Arsenal next week. In better news, Christian Benteke and Wilfried Zaha could return to the setup for Saturday's encounter.
Sander Gerber decreased its stake in Almost Family Inc (AFAM) by 9.09% based on its latest 2017Q3 regulatory filing with the SEC. It increased, as 53 investors sold PFE shares while 700 reduced holdings. 75 funds opened positions while 289 raised stakes.
To combat the fearsome Jacksonville pass defense, the Steelers will need to lean on first team All-Pro running back Le'Veon Bell. One thing is certain about football at any level, if you turn the ball over 5 times, your chance of success is limited.
Colin Dundas, research geologist who led the study said "it was surprising to find ice exposed at the surface at these places". Radio scans by MRO suggest existence of thick, buried ice along the planet's middle latitudes.
Canada launches WTO trade complaint against US
It has already lost a string of WTO disputes after its calculation methodology was ruled to be out of line with the WTO rulebook. Canada's claims threaten the ability of all countries to defend their workers against unfair trade.
West Ham already looking to cut ties with Chicharito
Chicarito joined the Hammers from Bayer Leverkusen back in the summer and has since gone on to make 20 appearances for the club. BOURNEMOUTH have told West Ham that they must cough up £15million to land Republic of Ireland star Harry Arter.
Women fume as John Humphrys jokes about BBC pay
Humphrys said: "And I could save you the trouble as I could volunteer that I've handed over already more than you f***ing earn". Gracie added that she had been offered a £45,000 pay rise, to £180,000, but that it was still less than men in the same role.
Ribery: I want to stay at Bayern Munich
The league leaders look like they are once again coasting towards a league title with those below them continuing to falter. Heynckes said: " Leon Bailey has made good progress and is scoring goals and Julian Brandt is a talented player.
Q's Abdul Qudoos Bizenjo elected as Balochistan CM
A total 54 votes were polled by the lawmakers and Pashtunkhwa Milli Awami Party's (PkMAP) Agha Syed Liaquat Ali bagged 13 votes. Bizenjo belongs to the troubled Awaran district of Balochistan and was elected on a PML-Q ticket during general elections 2013.