FRANKFURT (Reuters) – German auto parts maker ZF Friedrichshafen has agreed to buy U.S. rival Wabco for over $7 billion, an acquisition it has long targeted to bolster its expertise in autonomous-driving technologies. The all-cash deal, announced by the two companies on Thursday, is for $136.50 per share. That represents a 13 percent premium to… Continue reading UPDATE 3-Parts maker ZF Friedrichshafen positions for driverless cars with $7 bln deal for Wabco
Author: Ritters US Newsfeed
VW, Ford to develop pickup truck, continue talks on autonomous driving
A Volkswagen logo is seen on a new car model at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Denis Balibouse HANOVER (Reuters) – Volkswagen has signed a deal to develop a pickup truck with U.S. rival Ford and continues discussions about extending its alliance to include autonomous driving and mobility… Continue reading VW, Ford to develop pickup truck, continue talks on autonomous driving
UPDATE 2-VW, Ford to develop pickup truck, continue talks on autonomous driving
A Volkswagen logo is seen on a new car model at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Denis Balibouse HANOVER (Reuters) – Volkswagen has signed a deal to develop a pickup truck with U.S. rival Ford and continues discussions about extending its alliance to include autonomous driving and mobility… Continue reading UPDATE 2-VW, Ford to develop pickup truck, continue talks on autonomous driving
CORRECTED-Johnson Matthey chooses Poland to produce new battery materials
(Removes word million in second graph) LONDON, March 28 (Reuters) – Chemicals group Johnson Matthey has secured a site in Poland to produce ultra-high energy battery materials and signed a 10-year supply deal with Canada’s Nemaska Lithium as it seeks to grow its exposure to the electric vehicle market. Plant construction should begin this year… Continue reading CORRECTED-Johnson Matthey chooses Poland to produce new battery materials
UPDATE 1-VW in talks to buy stake in Ford’s Argo unit, to develop pickup truck
A Volkswagen logo is seen on a new car model at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Denis Balibouse HANOVER (Reuters) – Volkswagen has signed a deal to develop a pickup truck with U.S. rival Ford and continues discussions about extending its alliance to include autonomous driving and mobility… Continue reading UPDATE 1-VW in talks to buy stake in Ford’s Argo unit, to develop pickup truck
VW in talks to buy stake in Ford’s Argo unit, to develop pickup truck
A Volkswagen logo is seen on a new car model at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Denis Balibouse HANNOVER (Reuters) – Volkswagen has signed a deal to develop a pick-up truck with U.S. rival Ford and may extend its alliance to include autonomous driving and mobility services, the… Continue reading VW in talks to buy stake in Ford’s Argo unit, to develop pickup truck
Nissan CEO says he has not heard about possible bid for FCA
FILE PHOTO: Nissan Motor Co Ltd Chief Executive Hiroto Saikawa speaks at a news conference in Yokohama, in this photo taken by Kyodo February 12, 2019. Mandatory credit Kyodo/via REUTERS TOKYO (Reuters) – Nissan Motor Co CEO Hiroto Saikawa said on Thursday he was not aware of discussions about the possibility that its French partner… Continue reading Nissan CEO says he has not heard about possible bid for FCA
UPDATE 3-Ford to leave Russian car market, cede control in joint venture
MOSCOW (Reuters) – Ford Motor Co’s Russian joint venture Ford Sollers will close two assembly plants and an engine factory in Russia, exiting the country’s passenger vehicle market, resulting in charges of about $450 million to $500 million. FILE PHOTO: Employees make a final check of a Ford Focus at a Ford Sollers, U.S. carmaker… Continue reading UPDATE 3-Ford to leave Russian car market, cede control in joint venture
Nissan committee says facts point to legal violations by former chairman Ghosn
YOKOHAMA, Japan (Reuters) – An external committee tasked with recommending ways to improve governance at Nissan Motor Co said on Wednesday there were sufficient facts to suspect violations of laws and the private use of company funds by ousted chairman Carlos Ghosn. FILE PHOTO: Former Nissan Motor Chairman Carlos Ghosn sits inside the car as… Continue reading Nissan committee says facts point to legal violations by former chairman Ghosn
Renault aims to restart Nissan merger talks within 12 months: FT
FILE PHOTO: The logo of French car manufacturer Renault is seen at a dealership of the company in Illkirch-Graffenstaden near Strasbourg, France, January 10, 2019. REUTERS/Vincent Kessler/File Photo (Reuters) – France’s Renault SA intends to restart merger talks with Japanese automaker Nissan Motor Co Ltd within 12 months, after which it will set sight on… Continue reading Renault aims to restart Nissan merger talks within 12 months: FT