VENTURE CAPITAL POST

Ford Motor has announced on Monday that they would be exiting the Japanese and Indonesian markets by the end of this year as the governments are running a very "closed" market, protecting domestic sales over the international ones. The automaker has been unable to increase their sales or sustain profits under such circumstances. They said that the employees have already been informed and they would be providing detailed explanations regarding post-sale services like servicing and providing new car parts to its customers very soon.

GM's Maven is set to revolutionize the car-sharing and ride-sharing services with an hourly rate of $6. This has been quite an aggressive move from the conventional car-maker. However, the company is pretty confident that car-sharing section is now ready for a highly personalized, easy-to-use mobility service, which it plans to provide through its fleet of Chevrolet Spark and Tahoe.

After acquiring Lyft Inc, GM has also purchased ride hailing pioneer, Sidecar. The acquired entity has been tattering in consecutive years for ever growing competitions with rivals like Uber and Lyft. With the acquiring, GM now will be able to play a more active role in relative fields with the new two subsidiaries.

General Motors' Buick brand unveiled during the Monday Detroit Auto Show its new sporty Avista concept car, which pumps a 400 horsepower.

BMW North America faces a penalty of up to $40 million by U.S. auto-safety regulators for recall failures. According to US News, U.S. safety regulators have fined penalty with German automaker BMW AG with $40 million for a reason of not fast fixation of their Mini brand cars that failed federal crash tests.

Faraday Future comes as a new challenger for Tesla in building electric car. The Chinese-backed startup company has invested $1 billion to build factory in America. Other than electric car, Faraday Futures also prepares "rolling smartphone" as a different business model in automotive industry.

General Motors promised The United Auto Workers union a $1.9-billion investment in US operations that would add 3,300 union jobs in the country under a proposed four-year contract.

General Motors pre-tax profit for the third quarter has increased by 37 percent or $3.1 billion thanks to a strong truck and SUV sales in North America and improved performance in China.

Nokia bids goodbye to its digital maps business as it sells its HERE maps unit to German carmaker consortium among BMW, Audi, and Mercedes-Benz's owner Daimler, to focus on making mobile-phone network equipment.

U.S. mutual funds are placing bigger bets on privately held companies to get a head start finding the next IPO superstar, a strategy that has yielded some dramatic payoffs and flameouts.

Investors attempting to determine whether U.S. equities will rebound from Friday's selloff or continue to sink will look to a deluge of earnings next week for a clearer picture of the economy.

Fiat Chrysler Automobiles is recalling 702,578 SUVs and minivans to fix defective ignition switches that can unexpectedly turn off the engine, according to documents posted Friday by U.S. safety regulators.

At least 40 major U.S. companies have substantial exposure to Venezuela’s deepening economic crisis, and could collectively be forced to take billions of dollars of write downs, a Reuters analysis shows.

Ally Financial Inc (ALLY.N) said on Monday that it completed the sale of its stake in a joint venture with a Chinese auto lender to General Motors Co (GM.N) for $1 billion.

Hyundai Motor Co said on Tuesday it would build two factories in China, its first new manufacturing plants since 2012 as the South Korean automaker bets on growth in the world's biggest car market even as the economy slows.