Urban Mobility
Ford Motor Co. made its latest plea for investors to view the auto maker more like a Silicon Valley company, promising lofty returns on future ventures while warning near-term profit will be pinched by deep investment. The car maker told investors that its new business services unit eventually will deliver 20% margins, two-and-a-half-times its core auto-making operation. It updated its
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Lyft is still on track to lose no more than $600 million this year, excluding legal settlements. That is in line with the $50 million monthly cap on spending it promised investors back in April. The second most valuable ride-hailing service in the country, may have attempted to sell itself to Apple, Google, Amazon, General Motors and even ride-sharing rivals
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Chinese e-commerce giant Alibaba looks East and down South Asia for growth as China market matures Alibaba Group Holding Ltd., its business maturing at home in China, is seeking out growth in India and Southeast Asia. In Southeast Asia, Alibaba paid $1 billion in April for a controlling stake in Singapore-based e-commerce startup Lazada Group, its biggest overseas acquisition to date. Southeast Asia is
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XPO Logistics Inc. on Wednesday reported its first profitable quarter in at least four years as the company gained new customers and moved forward with integrating more than a dozen acquisitions. The Greenwich, Conn.-based company, which has rolled up businesses from different corners of the logistics industry including multi-billion dollar acquisitions of transportation providers in the U.S. and Europe, posted
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