Subscribe free to our newsletters via your




CAR TECH
Uber picks up another $1 bn from investors
by Staff Writers
San Francisco (AFP) Feb 18, 2015


British car exports to China up five-fold
London (AFP) Feb 19, 2015 - British car exports to China have increased five-fold since 2009, according to figures released Thursday by a British industry body, driven by a demand for luxury brands such as Rolls-Royce and Jaguar.

The number of cars manufactured in Britain and exported to China stood at 137,410 in 2014, a 14.5 percent increase on the previous year and five times the number shifted in 2009, the Society of Motor Manufacturers and Traders (SMMT) said in a statement.

British car exports to all destinations have increased by 54 percent since 2009 to 1.2 million vehicles in 2014, and the sector represented 11.2 percent of all British exports last year, a new record.

The rude health of the British motor industry has not escaped the notice of Prime Minister David Cameron, who goes to the polls seeking re-election on May 7 and praised the sector's performance during a visit to a Rolls-Royce plant on Wednesday.

Uber said Wednesday that it expanded its latest funding round to pick another billion dollars from investors eager to put money into the controversial ride-sharing service.

The company's Series E financing lid was raised to $2.8 billion overall, not changing Uber's dizzying valuation of around $41 billion but pumping up its coffers as it expands globally despite efforts by the traditional taxi industry to put up roadblocks.

"The participation we have seen in Uber's Series E underscores the confidence investors have in Uber's growth and the key priorities of UberPool and further international expansion," the company said in an email response to an AFP inquiry.

UberPool is a service that lets several passengers share a ride to a common destination.

The fast-growing San Francisco-based company lets people use smartphone applications to summon and pay for car rides from motorists interested in sharing space in vehicles.

Uber is embroiled in several controversies around the world, and earlier this month complied with an order to stop operating in New Delhi after an Indian woman said she was raped by one of its drivers.

It has drawn protests from established taxi operators in many cities and been ruled illegal in some jurisdictions, while the company has seen its image tarnished by executives' gaffes and concerns on privacy.

Uber has expanded to some 200 cities worldwide in more than 50 countries since launching in 2010.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Car Technology at SpaceMart.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





CAR TECH
French automaker PSA cuts losses after ownership change
Paris (AFP) Feb 18, 2015
France's PSA Peugeot Citroen said Wednesday it slashed losses in 2014 and posted its first operational profit in three years, just months after an ownership change saved it from bankruptcy. The French carmaker said a sweeping, three-year reorganisation and cost-cutting plan introduced in 2013 had allowed the group to cut 2014 losses to 555 million euros ($631 million), down from 2.23 billion ... read more


CAR TECH
Fukushima decommissioning made 'significant progress': IAEA

Hong Kong captain jailed for 8 years over ferry tragedy

Sri Lanka's new leaders seek $4.0 bln IMF bail-out

Wildfires in Ukraine could revive Chernobyl's radiation

CAR TECH
China, Russia strengthen satellite navigation cooperation

India Interested in Russia's Glonass Satellite Navigation System

Latest Galileo satellites reach launch site

PLA drill applies China's own GPS

CAR TECH
Reality is distorted in brain's maps

Neanderthals disappeared from the Iberian Peninsula before than from the rest of Europe

Scientists call for antibody 'bar code' to follow Human Genome Project

New software analyzes human genomes faster than ever

CAR TECH
Wild ponies ride to the rescue of unique Czech ecosystem

Earliest-known arboreal and subterranean ancestral mammals discovered

Making teeth tough: Beavers show way to improve our enamel

Make like a squid and transform

CAR TECH
Death toll rises to 28 in Mozambique cholera epidemic

Ebola virus may have been present in West Africa long before 2014 outbreak

Schools reopen as Liberia turns page on Ebola epidemic

Bubonic bottleneck: UNC scientists overturn dogma on the plague

CAR TECH
China man gets $189,000 for six years on death row

Big Yang Theory: Chinese year of the sheep or the goat?

China expels senior official from ruling party

China official's mandatory 'two children' proposal draws rebuke

CAR TECH
Sagem-led consortium intoduces anti-piracy system

China arrests Turks, Uighurs in human smuggling plot: report

Two police to hang for murder in Malaysian corruption scandal

Nobel protester sought to draw attention to 'murdered Mexican students'

CAR TECH
China's Dagong cuts France's credit ratings

Japan household spending drops fastest in 8 years

Dutch SNS Reaal sells insurer to China's Anbang

China January FDI jumps 29.4%: govt




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.