Category: News Type

SAIC Capital Leads New Funding Round In SDC Materials

Tempe, Arizona-based automotive material maker SDC Materials, Inc. has completed an undisclosed round of new financing led by SAIC Capital, the venture capital investment arm of Chinese car maker SAIC Motor Corporation, according to a company announcement. Existing investors, including General Motors Ventures, BASF Venture Capital, Volvo Group Venture Capital, Invus Financial Advisors and Emerald… Continue reading SAIC Capital Leads New Funding Round In SDC Materials

Five Chinese Electric Vehicle Start-Ups That Could Rival Tesla

Across China’s 9.6 million square kilometers of land, there was never a shortage of ambition. So too with the electric vehicle revolution. Despite being a late comer to the EV craze, the country’s start-ups are not shy about aiming high. At least half-a-dozen Chinese EV start-ups – not including traditional car makers going green –… Continue reading Five Chinese Electric Vehicle Start-Ups That Could Rival Tesla

The strange logic behind an Opel sale

General Motors wants to sell its European subsidiary Opel to Peugeot. With such a deal, the corporations would provide a big surprise. What could be behind the deal? Opel headquarters in Rüsselsheim Tuesday, 14.02.2017 18:22 clock Little time? At the end of the text there is a summary. Well, they’re getting together. The negotiators of… Continue reading The strange logic behind an Opel sale

So threatening are Opel and Peugeot for Volkswagen

After the Opel takeover, PSA will be Europe’s second-largest automaker. The group is a real threat to the market leader VW – especially in the future field of electromobility. TESSON / EPA / REX / Shutterstock Carlos Tavares Monday, 06.03.2017 20:40 PSA boss Carlos Tavares prefers to lead his company with clear goals. The avid… Continue reading So threatening are Opel and Peugeot for Volkswagen

Peugeot boss wants to talk with Merkel about Opel

The possible sale of Opel to Peugeot is met with skepticism by the German government and trade unions. Peugeot boss Tavares wants to advertise personally for the project. Mary Barra, boss of the former owner General Motors, has already traveled to Germany. PSA boss Carlos Tavares Wednesday, 15.02.2017 11:05 clock The Peugeot parent PSA is… Continue reading Peugeot boss wants to talk with Merkel about Opel

“The situation is dramatic”

The PSA Group gives the new subsidiary Opel three years, then the Rüsselsheim must write black numbers. For the workforce this means: It will shrink – even without dismissals. PSA boss Carlos Tavares Opel boss Michael Lohscheller Thursday, 09.11.2017 19:38 clock Little time? At the end of the text there is a summary. The tension… Continue reading “The situation is dramatic”

Opel plans conversion to pure electric brand

The car manufacturer Opel has been inaugurated very late in the sales talks of GM and Peugeot, according to manager magazin information. The GM daughter has an alternative plan in the drawer. Opel boss Karl Thomas Neumann in Ampera-e. Wednesday, 15.02.2017 13:20 The board of the car manufacturer Opel is from the Acquisition negotiations with… Continue reading Opel plans conversion to pure electric brand

Public prosecutor’s office is investigating Opel

Opel did not use fraud software like VW. The Frankfurt public prosecutor’s office has come to this conclusion. Recently, the manufacturer had changed the pressure on the politics of some diesel models, the engine control. Opel lettering Tuesday, 04.04.2017 12:03 clock In the affair of excessive exhaust emissions of diesel engines, the prosecutor Frankfurt Opel… Continue reading Public prosecutor’s office is investigating Opel

PSA boss demands half of the Opel purchase price – at least

PSA boss Tavares feels ripped off by General Motors. Because of the dirty Opel engines, the carmaker was worth much less. Now the French want more than half a billion back. Jürgen Pander Opel stand at the IAA: Here is the new Grandland X Wednesday, 29.11.2017 18:10 clock Four months after the purchase of Opel… Continue reading PSA boss demands half of the Opel purchase price – at least