December 4th, 2019 Xconomy National — GHO Capital will use the money raised to invest in healthcare, including outsourced service providers, which are seeing demand from smaller biotechs, according to a Jefferies analyst. GHO Capital raised €975 million ($1.1 billion), which exceeded its €800 million target, and is 50% larger than its 2015 maiden fund.… Continue reading GHO Capital Raises Over $1bn, Eyes Biotech Outsourcing Services
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UAW union leaders recommend approval of Fiat Chrysler labor deal
DETROIT (Reuters) – United Auto Workers leaders from Fiat Chrysler Automobiles NV’s (FCHA.MI) (FCAU.N) U.S. plants on Wednesday recommended approval of a tentative labor agreement that would allow the Italian-American automaker to avoid a strike as it works to merge with France’s Groupe PSA. (PEUP.PA) FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen… Continue reading UAW union leaders recommend approval of Fiat Chrysler labor deal
Nissan shifts EV strategy to premium vehicles, not ‘discount cars’ like Leaf
Under new leadership, Nissan wants to reclaim its leadership in electric vehicles. But it’s going to downplay affordable electric cars like the Leaf hatchback. Instead, newly minted CEO Makoto Uchida wants Nissan EVs to have robust features, long range, and higher prices that would bring higher profits. The new strategy will start with a new… Continue reading Nissan shifts EV strategy to premium vehicles, not ‘discount cars’ like Leaf
Tesla launches ‘dedicated channel’ for Roadster owners, will get their own service advisers
Tesla has been moving away from using service advisers and instead, it has been automating its service appointment through its mobile app. However, we now learn that Roadster owners will have their own “dedicated channel” with their own service advisers. Over the last two years, Tesla significantly increased its production capacity and more than doubled… Continue reading Tesla launches ‘dedicated channel’ for Roadster owners, will get their own service advisers
Watch Tesla’s Autopilot-powered safety features stop for pedestrians in impressive tests
Tesla’s Autopilot-powered safety features, especially its Automatic Emergency Braking (AEB), has shown some impressive results in a new series of crash tests. You can see it save pedestrians at the last second in the video below. As we reported earlier today, Euro NCAP released its latest batch of crash test results, and the Tesla Model… Continue reading Watch Tesla’s Autopilot-powered safety features stop for pedestrians in impressive tests
After Mustang SUV, calls for Corvette SUV grow
An electric Mustang SUV will hit dealerships late next year. When will Corvette follow suit? The positively received debut of Ford’s battery-powered Mustang Mach-E in Los Angeles last month (with the automaker hinting that it could develop a full Mustang sub-brand) has turned up the heat on Chevrolet to expand its Corvette lineup as well. Morgan Stanley… Continue reading After Mustang SUV, calls for Corvette SUV grow
Lookers opens new JLR dealership, replacing three nearby sites
Lookers has opened a new Jaguar Land Rover (JLR) site in Buckinghamshire. The new 16,193 sq ft development in Aston Clinton is the most recent JLR ‘Arch’ concept to open to the public. The Arch design concept is a 50:50 split between Jaguar and Land Rover. The new multi-million-pound dealership involved the closure of the nearby Lookers Jaguar site in Amersham, Lookers… Continue reading Lookers opens new JLR dealership, replacing three nearby sites
Dealers must experience life with an EV to sell them
Dealers must themselves experience living with an EV in order to retail them properly, claims Oliver Larkin, head of group corporate and public relations at Volkswagen Group UK. At the NFDA’s EV Marketplace Seminar, Larkin said that it is not enough for dealers to just drive an EV once or twice, or over a period… Continue reading Dealers must experience life with an EV to sell them
Dealers ‘optimistic’ about used car prospects in 2020
Dealers are ‘optimistic’ about the used car sector in the next 12-18 months with almost half(47.1%) believing that the market will see growth. Nearly a third (29.1%) see the market as unchanging and just over a fifth (22.8%) predict limited negative growth, according to research from Startline Motor Finance. The used car market in 2019… Continue reading Dealers ‘optimistic’ about used car prospects in 2020
Former UAW official pleads guilty to accepting kickbacks
DETROIT (Reuters) – Former United Auto Workers vice president Joseph Ashton pleaded guilty on Wednesday to conspiracy to commit money laundering and wire fraud as part of a wide-ranging federal corruption probe into the union. FILE PHOTO: United Auto Workers (UAW) vice-president Joseph Ashton addresses the attendees at the UAW Constitutional Convention in Detroit, Michigan,… Continue reading Former UAW official pleads guilty to accepting kickbacks