FILE PHOTO: SEAT President and CEO Luca de Meo attends the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Pierre Albouy/File Photo PARIS (Reuters) – French carmaker Renault REN.PA on Tuesday named former Volkswagen’s (VOWG_p.DE) Seat brand executive Luca de Meo as its new chief executive, as Renault moves to create a… Continue reading French carmaker Renault names Luca de Meo as new CEO
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Daiichi Sankyo harnesses ‘old’ R&D to strike cancer drug gold
TOKYO — Daiichi Sankyo, a Japanese drugmaker that has not had a blockbuster product for nearly a decade, is surging in market value, joining the 5 trillion yen ($46 billion) club that also includes such marquee names as Nintendo and Honda Motor. The drugmaker pulled off a major breakthrough in cancer treatment using traditional research methods largely… Continue reading Daiichi Sankyo harnesses ‘old’ R&D to strike cancer drug gold
Japan to lift stockpiles of metals for EVs, wary of China’s clout
TOKYO — Japan will expand its reserves of metals crucial to the production of electric vehicles and high-tech gadgets, aiming to keep pace with rising demand and ensure access as China gains increasing control over global supplies. China provides nearly 60% of Japan’s imports for these often-rare minerals, and international competition to secure such resources is heating up. Companies tied to Chinese… Continue reading Japan to lift stockpiles of metals for EVs, wary of China’s clout
Coronavirus: Facebook tells staff to avoid China
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Varroc to manufacture BMS for Danish company Lithium Balance
Representational image courtesy: Lithium Balance Varroc Engineering, a Tier-1 auto component supplier, has entered an agreement to manufacture electric vehicle Battery Management System (BMS) in India for Lithium Balance, a Danish BMS solutions provider. As per the agreement, Varroc will manufacture BMS for lithium-ion batteries for electric two- and three-wheelers at its manufacturing facility in… Continue reading Varroc to manufacture BMS for Danish company Lithium Balance
UPDATE 1-Auto parts maker BorgWarner to buy Delphi Technologies in $3.3 bln deal
(Reuters) – BorgWarner Inc (BWA.N) on Tuesday agreed to buy UK-based Delphi Technologies Plc (DLPH.N) in a $3.3 billion deal, as the U.S. auto parts maker looks to expand in a growing market for hybrid and electric vehicles. Delphi shareholders will receive 0.4534 shares of BorgWarner for each share held. That translates to $17.39 per… Continue reading UPDATE 1-Auto parts maker BorgWarner to buy Delphi Technologies in $3.3 bln deal
Karma Automotive to build electric truck and SUV from Fisker’s ashes
Karma Automotive, the automaker previously known as Fisker Automotive, is working on an electric pickup truck and SUV, Bloomberg reports. The company plans to show off a concept version of the pickup before the end of the year, and eventually sell it with a starting price that’s less than its $135,000 Karma Revero. Both vehicles… Continue reading Karma Automotive to build electric truck and SUV from Fisker’s ashes
BorgWarner in advanced talks to buy Delphi Technologies – Bloomberg
(Reuters) – U.S. auto parts maker BorgWarner Inc (BWA.N) is in advanced talks to buy UK-based Delphi Technologies PLC (DLPH.N), as it looks to expand in a growing market for hybrid and electric vehicles, Bloomberg reported on Tuesday. A deal could be announced as soon as this week, the report said. The two companies did… Continue reading BorgWarner in advanced talks to buy Delphi Technologies – Bloomberg
Tesla is about to release Q4 earnings; here’s what to expect
Tesla (TSLA) is set to announce its fourth-quarter and full-year 2019 financial results tomorrow, Wednesday, January 29, after the markets close. As usual, a conference call and Q&A with Tesla’s management is for after the results. Here we take a look at what both the street and retail investors are expecting for the quarterly results.… Continue reading Tesla is about to release Q4 earnings; here’s what to expect
Tesla gives Chinese owners free Supercharging during coronavirus outbreak
Tesla China is notifying customers that, due to the coronavirus outbreak currently happening in that country, all Tesla vehicles will have free supercharging to facilitate travel until the outbreak is resolved. The coronavirus outbreak out of Wuhan, China has made global news, with several thousand confirmed cases of the respiratory disease. Not much is known… Continue reading Tesla gives Chinese owners free Supercharging during coronavirus outbreak