Car

used car retailer Vroom has announced the closure of a $254 million Series H funding round that was led by Durable Capital Partners LP, with participation from funds and accounts advised by T. Rowe Price Associates Inc., L Catterton and others.With this latest funding round, the total capital amount for the company comes to $721 million, informs the company in a release.Commenting on the new funding round, Vroom CEO Paul Hennessy said, “This new round of funding provides the necessary resources to further grow and scale our business."He also said, “We are thrilled to receive continued support from investors and partners, reinforcing the Vroom model as a tremendous opportunity to bring about a fundamental and enduring change in the used vehicle industry."Vroom offers thousands of low-mileage, reconditioned vehicles with delivery directly to consumers through its e-commerce platform, claims the company. It also arranges financing through lenders and offers warranty, insurance … [Read more...] about Vroom receives $254 million investment in Series H funding round

The paedophile DJ had the personalised JS 247 plate on a number of his Rolls-Royces before he died in 2011. The number plates were used on a number of Jimmy Savile’s luxury cars. Picture: David Hartley/ShutterstockSource:Shutterstock The 247 after his initials relates to the original frequency of Radio 1, where he made his name. The advert was placed in a Sunday newspaper but carried no mention of a link with Savile, who was one of the UK’s most prolific sex offenders. In 2012, a scrap dealer paid $A307,000 for the former Top of the Pops presenter’s Rolls-Royce Corniche convertible – with the same plate – shortly before allegations about his sex attacks came out. The unnamed buyer immediately wanted to get rid of it after Savile’s heinous crimes were exposed following his death. 'Cherished for Christmas’.Source:Supplied “I don’t want to be associated with it. I’m just gutted because all of this should have come out … [Read more...] about Sick truth behind $50k number plate belonging to paedophile Jimmy Savile

Efforts would be made to reduce the use of plastic during the Paryaya period (2020-22) of Admar Mutt here. M.B. Puranik, President of the Sri Krishna Seva Balaga, told presspersons today that it was the desire of Ishapriya Tirtha Swami, junior seer of Admar Mutt, that there should be lesser use of plastic, and importance given to cleanliness. Accordingly it had been decided to not to plastic or plastic-mixed banners for the Paryaya festival. Bannera made of cloth only will be used. The Balaga was also appealing to the devotees and public to reduce the use of plastic, he said. ‘Purapravesha’The ‘Purapravesha’ programme would be held on January 8. A grand welcome would be accorded to Ishapriya Tirtha at Jodukatte at 2 p.m. A procession would be then taken out through Diana Circle, Old Post Office Road and Tenkapet and it will culminate on the Car Street, and the seer would enter Admar Mutt at 5.45 p.m. Later a civic reception would be accorded to him at the … [Read more...] about Efforts to reduce plastic during Paryaya of Admar Mutt

NEW DELHI: Maruti Suzuki India (MSI) increased its production in November by 4.33 per cent, after having reduced output for nine straight months due to lower demand. The company produced a total of 1,41,834 units in November as against 1,35,946 units in the year-ago month, MSI said in a regulatory filing. Passenger vehicles' production last month stood at 1,39,084 units as against 1,34,149 units in November 2018, an increase of 3.67 per cent, it added. Production of mini and compact segment cars, including Alto, new WagonR, Celerio, Ignis, Swift, Baleno and Dzire stood at 1,02,185 units as against 95,883 units in November last year, up 6.5 per cent. However, production of mini segment cars, such as Alto and S-Presso, fell to 24,052 last month, compared with 30,129 in the year-ago month. Production of utility vehicles such as Vitara Brezza, Ertiga and S-Cross, however, increased by 18 per cent to 27,187 units as compared to 23,038 units a year ago. Mid-sized sedan Ciaz saw its … [Read more...] about Maruti raises production by 4% in November

Another war of words has broken out on social media over Tada ahead of a vote in the National Assembly that could result in the van-hailing service becoming all but illegal.The Assembly’s transportation committee Friday passed a revision to the Passenger Transport Service Act that would require the start-up to stop offering rides within a year and a half, or greatly alter its way of operating. The revision is set to be voted on the floor of the full Assembly.It’s being called the “anti-Tada law.”Park Yong-maan, chairman of the Korea Chamber of Commerce and Industry, criticized the revision, saying it could stifle innovation.In a Facebook post Monday, Park said he feels “frustrated” as the “incomprehensible” bill advances, adding that politics is hampering Korea’s drive toward the future.The anti-Tada law could be approved as early as Tuesday during a regular session at the National Assembly.“If we leave a precedent like this … [Read more...] about Tada battle continues ahead of a key vote