FRANKFURT, Feb 28 (Reuters) – ZF Friedrichshafen has held takeover talks with U.S. rival Wabco, a spokesman for the German car parts maker said on Thursday. “ZF regularly reviews strategic options such as partnerships or possible sensible acquisitions. These strategic considerations repeatedly lead to ZF talking to other companies,” the spokesman said. “We have also… Continue reading ZF Friedrichshafen says held takeover talks with Wabco
Author: Ritters US Newsfeed
UPDATE 1-BMW, Daimler pool resources on automated driving technology
FRANKFURT (Reuters) – Daimler and BMW deepened their alliance on Thursday to share development costs for highly automated driving technologies, even as each carmaker continues to pursue separate efforts to develop fully self-driving cars. Harald Kruger, CEO and Chairman of the Board of Management of BMW AG and Dieter Zetsche, CEO of Daimler AG, attend… Continue reading UPDATE 1-BMW, Daimler pool resources on automated driving technology
UPDATE 1-Aston Martin boss says Brexit delay would prolong uncertainty
LONDON (Reuters) – A delay to Brexit would be a “further annoyance” which would prolong uncertainty, the boss of luxury carmaker Aston Martin told Reuters after Prime Minister Theresa May promised to give lawmakers a vote on extending the date Britain leaves the EU. Andy Palmer, CEO of Aston Martin poses for a photograph at… Continue reading UPDATE 1-Aston Martin boss says Brexit delay would prolong uncertainty
Aston Martin boss says Brexit delay would prolong uncertainty
LONDON (Reuters) – A delay to Brexit would be a “further annoyance” which would prolong uncertainty, the boss of luxury carmaker Aston Martin told Reuters after Prime Minister Theresa May promised to give lawmakers a vote on extending the date Britain leaves the EU. FILE PHOTO: Andy Palmer, CEO of Aston Martin poses for a… Continue reading Aston Martin boss says Brexit delay would prolong uncertainty
Carmaker Aston Martin’s adjusted pre-tax profit falls
Andy Palmer, CEO of Aston Martin poses for a photograph at their world headquarters in Gaydon, Britain, February 14, 2019. REUTERS/Andrew Yates LONDON (Reuters) – Luxury British carmaker Aston Martin posted an adjusted pre-tax profit of 68 million pounds ($90 million) in 2018, a 7 percent fall on 2017 as it continues to invest in… Continue reading Carmaker Aston Martin’s adjusted pre-tax profit falls
Apple self-driving car layoffs give hints to division’s direction
(Reuters) – Apple Inc said on Wednesday it planned to lay off 190 employees in its self-driving car program, Project Titan, changes that provide a rare window into the automotive technologies the company has been pursuing. FILE PHOTO: The Apple Inc. store is seen on the day of the new iPhone 7 smartphone launch in… Continue reading Apple self-driving car layoffs give hints to division’s direction
UPDATE 1-Apple to lay off 190 in self-driving car division
FILE PHOTO: The Apple Inc. store is seen on the day of the new iPhone 7 smartphone launch in Los Angeles, California, U.S., September 16, 2016. REUTERS/Lucy Nicholson/File Photo (Reuters) – Apple Inc said on Wednesday it plans to lay off 190 employees in its self-driving car program, Project Titan. Apple said in a filing… Continue reading UPDATE 1-Apple to lay off 190 in self-driving car division
Apple to lay off 190 in self-driving car division
FILE PHOTO: The Apple Inc. store is seen on the day of the new iPhone 7 smartphone launch in Los Angeles, California, U.S., September 16, 2016. REUTERS/Lucy Nicholson/File Photo (Reuters) – Apple Inc said on Wednesday it plans to lay off 190 employees in its self-driving car program, Project Titan. Apple said in a filing… Continue reading Apple to lay off 190 in self-driving car division
UPDATE 2-Auto parts maker Wabco says approached by rival ZF Friedrichshafen
FRANKFURT (Reuters) – U.S. auto parts maker Wabco Holdings Inc on Tuesday confirmed that it has been approached by German rival ZF Friedrichshafen for a potential takeover. Shares in the brakes maker, which had a market capitalization of $6.2 billion as of Tuesday close, rose 10 percent before being halted. German daily Handelsblatt first reported… Continue reading UPDATE 2-Auto parts maker Wabco says approached by rival ZF Friedrichshafen
UPDATE 1-Car parts firm ZF Friedrichshafen considers Wabco takeover -source
FRANKFURT (Reuters) – German car parts maker ZF Friedrichshafen is considering a takeover of U.S. rival Wabco, a person close to the matter said on Wednesday, confirming a report by newspaper Handelsblatt. ZF Friedrichshafen’s supervisory board has already discussed a potential acquisition of Wabco, the paper reported, citing financial sources. Shares in brakes maker Wabco,… Continue reading UPDATE 1-Car parts firm ZF Friedrichshafen considers Wabco takeover -source