NextEV has reportedly raised an undisclosed funding round led by Singapore’s Temasek Holdings, with participation from global private equity giant TPG, Chinese investment firm Hopu Investment Management and China’s Lenovo Group, according to Chinese media reports. The round is around several hundreds of millions U.S. dollars, says the reports citing confirmation by the company’s president… Continue reading Temasek Leads New Funding Round In Chinese Start-Up NextEV
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Venture-Backed Yidao Yongche Partners With Haier On Financial Leasing Services
Beijing-based car rental service provider Yidao Yongche has established a strategic partnership with Haier Financial Services China Co., Ltd. to provide financial leasing services to Chinese small and medium sized car rental firms, according to Chinese media reports. Haier Financial Services China, a financial leasing arm established by Chinese consumer electronics maker Haier Group in… Continue reading Venture-Backed Yidao Yongche Partners With Haier On Financial Leasing Services
China’s Geely To Acquire US Flying Car Company Terrafugia
Chinese automotive manufacturer Zhejiang Geely Holding Group, the parent company of Volvo Cars, has agreed to acquire the operations and assets of Terrafugia Inc., a U.S.-based firm developing flying cars. No financial details were disclosed in an announcement released by Terrafugia yesterday. The company said the deal has received approval from all relevant regulators including… Continue reading China’s Geely To Acquire US Flying Car Company Terrafugia
Revolutionary cells
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Opel disappointed electric car customers
With the Ampera E, Opel has built one of the most advanced electric vehicles. The problem: In Germany, private customers can not buy the car for now. Monday, 15.05.2017 12:47 clock With the Ampera E Opel has outperformed manufacturers such as Mercedes, Audi or VW: The Rüsselsheim presented a few months ago, an electric production… Continue reading Opel disappointed electric car customers
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Sale of Opel possible from the end of July
Peugeot wants to swallow the crippling car manufacturer Opel – possibly in just a few weeks. Opel confirmed the 31st of July as the earliest possible date. Also patents are apparently in agreement. An Opel at the Peugeot dealer (archive) Thursday, 08.06.2017 20:09 clock The French PSA group could be the automaker Opel already take… Continue reading Sale of Opel possible from the end of July
“Typical again”
Opel has just recovered, as the traditional brand is to be sold. Rainer Manthey feels connected to the manufacturer for more than 50 years – now his love is put to the test. Tuesday, 21.02.2017 10:52 In the garage of Rainer Manthey there are four cars, “three Manta and one Opel Adam”. The 56-year-old is… Continue reading “Typical again”
Opel boss Neumann apparently plans to resign
Opel boss Karl Thomas Neumann is according to a newspaper report before the resignation. Accordingly Neumann wants to give the chief post when the sale of Opel to the French group PSA is completed. Karl-Thomas Neumann (at the Geneva Motor Show) Saturday, 10.06.2017 5:23 pm The chairman of the car manufacturer Opel, Karl-Thomas Neumann, apparently… Continue reading Opel boss Neumann apparently plans to resign
The hard consequences of the Blitzfusion
The purchase of Opel by Peugeot seems decided thing. Trade unions and politicians are still trying to win the French concessions to the Joberhalt. But there is no way around a hard renovation. Opel boss Karl Thomas Neumann Tuesday, 21.02.2017 10:53 clock Little time? At the end of the text there is a summary. The… Continue reading The hard consequences of the Blitzfusion