CORPORATE WATCH
2017-02-14
Uber drivers in Qatar go on strike | DOHA: Hundreds of drivers with ride-hailingservice Uber in Qatar went on strike on Monday for the second time in a year to protest against fare cuts.
The US-based company, which started operations in Doha in 2014, has in recent months cut fares by 15-20 percent for passengers amid growing competition from local firms.
Uber drivers in Doha stayed home on Monday to protest the cuts and an `upfront` service launched by Uber in November that allows passengers to view the total fare before their journey.
`The upfront isn`t fair. If you get stuck in traffic or the passenger makes extra stops during the journey, we receive nothing for that,` said John, an Ethiopian driver who declined to give his second name.-ReutersPeugeot buys iconic Indian car brand NEW DELHl: French car manufacturer Peugeothas bought India`s most iconic car brand from its maker Hindustan Motors in a deal that signifies the passing of an era in India`s motoring history.
Over the weekend, the C.K. Birla Group that owns Hindustan Motors said it had signed an agreement with Peugeot SA to sell the Ambassador for 800 million rupees ($12 million).
The hulking Ambassador sedan remained largely unchanged for more than five decades, ferrying India`s elite, including prime ministers, visiting heads of states and celebrities. It was a throwback to an era when India`s policy of economic self-sufficiency meant domestically produced cars were the norm.-APTesla takes on Gulf gas guzzlers DUBAl: Electric carmaker Tesla announced theopening of a new Gulf headquarters Monday in Dubai, aiming to conquer an oil-rich region better known for gas guzzlers than environmentally friendly motoring.
Elon Musk, the co-founder and chief executive of the American firm seeking to revolutionise the electric car market, was in the affluent city state to oversee the launch of the Gulf sales push.
`The time seems to be good to really make a significant debut in this region starting from Dubai, Musk told the World Government Summit under way in the emirate.-AFP