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 by Staff Writers Mexico City (AFP) Sept 18, 2018
Chinese ride-hailing service Didi Chuxing said Tuesday it is launching service in Mexico's second-largest city, Guadalajara, expanding its presence in the country -- and its challenge to market king Uber. Didi Chuxing rolled out trial operations in the Mexican city of Toluca in April, and has also launched in the country's third-largest city, the northern industrial hub of Monterrey. The play for Guadalajara ups the ante in its battle with Uber for Latin America's second-largest economy, part of the Chinese service's worldwide bid to cut into the San Francisco-based company's market share. "Didi Chuxing ... today began offering service in Guadalajara, Mexico's second-largest city and the capital of the state of Jalisco after receiving the operating license from the state's transportation secretary," it said in a statement. "The company will first offer Didi Express, its main affordable on-demand transportation service, to the five million citizens in the metropolitan area." Didi Chuxing is used by hundreds of millions of people in China, where it muscled out Uber in 2016 after a bruising turf battle. One of Asia's most valuable start-ups, it has recently entered Australia, Japan and Brazil, while forcing Uber to retreat from Southeast Asia. In Mexico, it is starting service from the ground up, rather than purchasing an existing firm as it did in countries such as Brazil and India.
Tesla confirms criminal probe into Musk talk of going private San Francisco (AFP) Sept 18, 2018 Tesla confirmed Tuesday that US Justice Department officials were looking into possible criminal aspects of a seemingly spontaneous, and later aborted, announcement by chief executive Elon Musk on taking the electric automaker private. Shares skidded as word spread of a criminal investigation triggered by Musk's Twitter comments. Tesla shares ended the formal Nasdaq trading day down 3.35 percent to $284.96. Tesla said it was confident the matter would be quickly resolved with the Justice Departm ... read more
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