Category: News Type

World’s Largest Battery Maker Seeks $2 Billion In IPO, But Will Raise Only $850 Million?

11 M BY MARK KANE Contemporary Amperex Technology Ltd. (CATL), one of the biggest manufacturers of lithium-ion batteries for vehicles, would like to raise 13.1 billion yuan ($2 billion) by selling a 10% stake, at a valuation of about $20 billion. However, according to Bloomberg, after profitability weakened, the company is valuated at just $8.5… Continue reading World’s Largest Battery Maker Seeks $2 Billion In IPO, But Will Raise Only $850 Million?

Germany: Opel and IG Metall agree

After months of negotiations, the Opel management and the IG Metall union-controlled works council came to an agreement in principle on the future of the sites of the German subsidiary of PSA. In exchange for additional wage efforts and a staff reduction capped at 3,700 out of 19,000 in Germany, the staff obtained a backup… Continue reading Germany: Opel and IG Metall agree

Tesla Model 3 drives 606 miles on a single charge in hypermiling record

It only took 32 hours of continuous driving in sweltering temperatures, but two Colorado residents have set a new “hypermiling” record by driving their Tesla Model 3 606.2 miles (975 km) on a single charge. It beat a previous record of 560 miles from a Tesla Model S P100D, but it fell slightly short of… Continue reading Tesla Model 3 drives 606 miles on a single charge in hypermiling record

FAURECIA SHAREHOLDERS’ MEETING – COMPOSITION OF THE BOARD OF DIRECTORS, DIVIDEND OF €1.10 PER SHARE AND PLAN TO CONVERT FAURECIA INTO A EUROPEAN COMPANY

All the resolutions were adopted at Faurecia’s Annual Shareholders’ Meeting held in Paris today under the chairmanship of Michel de Rosen. The shareholders approved the decision taken by the Board of Directors on October 12 to appoint Valérie Landon to the Board. Following the resignation of Jean-Pierre Clamadieu, effective at the close of the meeting,… Continue reading FAURECIA SHAREHOLDERS’ MEETING – COMPOSITION OF THE BOARD OF DIRECTORS, DIVIDEND OF €1.10 PER SHARE AND PLAN TO CONVERT FAURECIA INTO A EUROPEAN COMPANY

Car manufacturer: Works council and management of Opel agree on restructuring package

Opel The refurbishment concept for the car manufacturer stands. (Photo: AP) Hamburg works council and management of Opel have agreed on the reorganization of the loss-making car manufacturer. As part of the compromise agreed on Tuesday, the French parent company PSA says Peugeot Citroën Investments in new models and the utilization of the works too.… Continue reading Car manufacturer: Works council and management of Opel agree on restructuring package

Geofencing technology demonstration in Stockholm

Tue, May 29, 2018 19:45 CET (Stockholm, Sweden, May 29, 2018) – Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), the worldwide leader in automotive safety system, today announced that Veoneer, its electronics business, today participated in a geofencing urban environment technology demonstration in Stockholm, Sweden. Geofencing refers to a geographic zone where the entry, speed… Continue reading Geofencing technology demonstration in Stockholm

Fiat Chrysler investors want electric road map in CEO’s swan song

MILAN/LONDON (Reuters) – Fiat Chrysler (FCA) (FCHA.MI) boss Sergio Marchionne is expected to outline new plans for electric and hybrid cars in a strategy presentation on Friday, aiming to ensure the world’s seventh-largest carmaker remains in the race in the absence of a merger. FILE PHOTO: FCA CEO Sergio Marchionne addresses the media during a… Continue reading Fiat Chrysler investors want electric road map in CEO’s swan song

What makes major shareholder Hastor ?: Chinese are officially reaching auto supplier Grammer

All articles and backgrounds 05/29/2018 What makes major shareholder Hastor? Chinese Ningbo Jifeng wants auto supplier Grammer entirely DPA Production of car seats at car supplier Grammer in Kümmersbruck (Bavaria) Automotive supplier Grammer is about to be taken over by Chinese major shareholder Ningbo Jifeng. The Chinese have now officially submitted an offer to Grammer… Continue reading What makes major shareholder Hastor ?: Chinese are officially reaching auto supplier Grammer

Daimler Reboots Smart Car’s Management for Electric-Only Future

LISTEN TO ARTICLE SHARE THIS ARTICLE Daimler AG is changing top management at the maker of the tiny Smart car, part of the latest plan to overhaul a brand that’s always been an awkward fit for the world’s largest maker of luxury vehicles. Prompted by a strategic shift to electric vehicles, Annette Winkler will step… Continue reading Daimler Reboots Smart Car’s Management for Electric-Only Future