Uber CEO Dara Khosrowshahi to visit India, Japan, with expansion plans

Dara Khusrowshahi is on damage control in Asia since the controversies that led to the exit of the previous CEO, Travis Kalanick
Image Source: The Japan Times 

Uber Chief Dara Khosrowshahi is expected to embark upon his first visit to Asia in the week of February 19th. A spokesperson from Uber has revealed that Khosrowshahi plans to schedule meetings with top-ranking government officials, employees and business partners in Japan and India.

The head of Uber Technologies Inc. is on image mitigation program to better Uber’s recent controversy-filled past. Amid doubts about the company’s future in the region, Khosrowshahi is willing to cooperate and improve the issues that plagued the previous CEO Travis Kalanick.

The source said that the company wants to chalk out ways that “Uber can serve their riders, drivers, and cities better.” In the past week, the company finalized an agreement with Japan’s SoftBank Group Corporation. This made the Japanese investor the largest shareholder enabling Uber to compete with Ola in India and Grab in Southeast Asia.

Reports predict that Khorowshahi may seek to expand in the continent. Rajeev Misra, an executive of SoftBank who has joined the board for Uber recently spoke to the Financial Times advising that Uber needs to focus on its core market bases which are the US, Australia, Europe and Latin America. However, clearly, Khosrowshahi has different plans.

Sources: Livemint, Moneycontrol

Volkswagen Finance appoints Patrik Riese as the new MD and CEO

On Monday, Volkswagen Finance Private Ltd, the financial branch of the Volkswagen Group in India, announced Patrik Riese as their new Managing Director and CEO. He replaced Andreas Kutzner, who took the position in June 2015 as reported by PTI.

Riese studied International Business and Marketing from the Business school at the University of Gothenburg. Previously, holding the position of the Managing Director of Volkswagen financial services in South Africa and Sweden, his career spans over 26 years in the automotive industry.

Volkswagen Finance Private Ltd is also responsible for catering operations along with other major automotive brands in India. Skoda Financial Services, Audi Financial Services are among the few companies. It also provides financial services to Porsche, Lamborghini, and Sacia in the country.

The company is set to launch their new cars in the upcoming months. Volkswagen Passant will be launched September 2017, with an estimated price of Rs 25.00 Lakhs. Similarly, the company will be launching Up (hatchback) and T-Roc (SUV), both in the month of October.


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