Snows Group has hit the acquisition trail buying Portfield in Chichester,which represents Citroën, Mazda and Peugeot (pictured) brands in the city. A Toyota franchise dealership is also being developed for the site. The deal also includes Portfield Part Exchange Centre Bognor Regis, which will become Snows’10th specialist used car outlet under the banner Too Good… Continue reading Snows Group buys Portfield in Chichester
Category: News Site
UPDATE 1-Auto1 says no need for IPO after Softbank invests
BERLIN (Reuters) – German used-car dealing platform Auto1 said a 460 million euro ($561 million) financial infusion from Japan’s Softbank meant it was under no pressure to launch an initial public offering to fund its pan-European growth plans. Softbank, through its Vision Fund, will make around half of its investment via new shares, valuing Auto1… Continue reading UPDATE 1-Auto1 says no need for IPO after Softbank invests
Softbank invests €460M in Germany’s Auto1 car dealer platform
Softbank’s Vision Fund has made another investment: The Japanese conglomerate has agreed to invest €460M in Berlin-based online car dealer Auto1. Auto1 confirmed the investment in a press release put out today, saying the deal values the company at €2.9BN. Around half of the investment is being made through the issue of new shares, it added. The… Continue reading Softbank invests €460M in Germany’s Auto1 car dealer platform
Renault: record sales thanks to Lada and Asia
It is not only in France that Renault has a good year 2017. Internationally, the sales of the French manufacturer have also the wind in the back with an increase, all regions, of 8.5%, to 3.76 million vehicles sold. Asia-Pacific and Eurasia The brand at Losange is boosted by two sectors in particular: first Asia-Pacific,… Continue reading Renault: record sales thanks to Lada and Asia
Adapt or Die Is Marchionne’s Stark Farewell Message to Carmakers
Sergio Marchionne, one of the longest-serving CEOs in the automotive industry, has a blunt warning: Carmakers have less than a decade to reinvent themselves or risk being commoditized amid a seismic shift in how vehicles are powered, driven and purchased. Developing technologies like electrification, self-driving software and ride-sharing will alter consumers’ car-buying decisions within six… Continue reading Adapt or Die Is Marchionne’s Stark Farewell Message to Carmakers
Lookers invests £12m in Volvo and Jaguar dealerships in Glasgow
Lookers has invested £12m in new Volvo and Jaguar dealerships in Glasgow. Its subsidiary Taggarts is relocating the Jaguar and Volvo businesses from Maryhill Road, Glasgow and Windmillhill Street, Motherwell to new dealerships at Hillington Park. The new Taggarts Jaguar Glasgow dealership includes a 29,000 ft showroom split over two floors, with capacity for over… Continue reading Lookers invests £12m in Volvo and Jaguar dealerships in Glasgow
Ford Mach1 performance SUV to launch in 2020
Ford’s first all-electric vehicle will be a Mustang-inspired performance SUV, Auto Express can reveal. It will arrive in 2020 and could be launched as the Mach1. The all-electric SUV will be built on a new dedicated EV platform and have a range of 300 miles, while the design and packaging of the model has almost… Continue reading Ford Mach1 performance SUV to launch in 2020
NTU & Volvo for Autonomous Electric Buses in Singapore
The University of NTU and the manufacturer Volvo want to jointly develop an autonomous e-bus for Singapore. Volvo still has some difficulties at home approval to receive, but in Singapore If you want to stir up the public transport right now. Autonomous E-bus Singapore. Source: NTU In fact, there are some autonomous driving projects in… Continue reading NTU & Volvo for Autonomous Electric Buses in Singapore
“We will take care of white spots”: ZF thinks after debt reduction back to acquisitions
ZF Friedrichshafen “If we spot white spots, then we’ll take care of it.” (Photo: AP) The auto supplier ZF Friedrichshafen can imagine larger takeovers after reducing its debt burden. The US billion purchase TRW is now almost completed, said since December acting CEO Konstantin Sauer on Sunday (local time) in the context of the US… Continue reading “We will take care of white spots”: ZF thinks after debt reduction back to acquisitions
Electric offensive as in VW – even pick-up F-150 as a hybrid: Ford wants to invest 11 billion dollars in e-cars
01/15/2018 Electric offensive as in VW – also pick-up F-150 as a hybrid Ford wants to invest 11 billion dollars in e-cars ford Rethink: Also PS monster like the F-150 Ford wants to offer in the future as a hybrid vehicle The second largest US automaker Ford ill will massively increase its involvement in electric… Continue reading Electric offensive as in VW – even pick-up F-150 as a hybrid: Ford wants to invest 11 billion dollars in e-cars