Category: News Site

AP Eagers’ proposed takeover of Automotive Holdings raises regulatory concerns

Australia’s competition regulator expressed concern on Monday over AP Eagers Ltd’s A$836 million ($580 million) proposed takeover of smaller auto retailer Automotive Holdings Group Ltd (AHG). The Australian Competition and Consumer Commission (ACCC) said its preliminary concerns were over competition in new car retailing in the Newcastle and Hunter Valley region of New South Wales… Continue reading AP Eagers’ proposed takeover of Automotive Holdings raises regulatory concerns

China’s used car platform Renrenche looks to slash jobs by 60%, source says

BEIJING (Reuters) – China’s online used car trading platform Renrenche aims to cut as much as 60 per cent of staff as it battles tight funding and fierce competition, a source familiar with the matter told Reuters on Monday. The move comes amid a slowdown in China’s tech sector that has led to caution among… Continue reading China’s used car platform Renrenche looks to slash jobs by 60%, source says

BMW is tightening its electric strategy

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Between Fiat and Renault, the fragrance of the wedding still floats in the air

His clan supports him. Fifteen days after the night withdrawal of its offer of merger between Fiat Chrysler (FCA) and Renault Last week, John Elkann received the support of his family at the general meeting of Giovanni Agnelli BV, the annual grandmother of the family holding company. The Renault project is his idea, and “it… Continue reading Between Fiat and Renault, the fragrance of the wedding still floats in the air

KBA wants to expand investigation: Daimler has to recall 60,000 cars because of defeat device

Daimler has to recall 60,000 Mercedes Benz GLK 220 diesel vehicles to the workshops. As part of the investigations into pollutant and exhaust gas strategies at various manufacturers, the Federal Motor Transport Authority (KBA) has established an inadmissible defeat device for models of the type with the engine OM 651 of the pollutant category Euro… Continue reading KBA wants to expand investigation: Daimler has to recall 60,000 cars because of defeat device

All that glitters is not gold: BMW heirs reveal that being a guardian of wealth isn’t that pretty

By Chris Reiter Dealing with the responsibility and jealousy from inheriting wealth is a misunderstood burden, according to Susanne Klatten and Stefan Quandt, the billionaire siblings who together own almost half of BMW AG. “Many believe that we are permanently sitting around on a yacht in the Mediterranean,” Klatten told Manager Magazin in a rare… Continue reading All that glitters is not gold: BMW heirs reveal that being a guardian of wealth isn’t that pretty

Autonomous vehicle tech company Velodyne Lidar has hired bankers for an IPO in a high-stakes moment for the emerging industry

Autonomous vehicle technology company Velodyne Lidar has hired bankers for an IPO, according to sources familiar with the process. Velodyne Lidar, which makes a laser technology that helps self-driving cars detect the objects around them, is working with Bank of America Merrill Lynch, Citigroup, Royal Bank of Canada, and William Blair for a potential public… Continue reading Autonomous vehicle tech company Velodyne Lidar has hired bankers for an IPO in a high-stakes moment for the emerging industry

Velodyne Lidar hires bankers for an IPO – Business Insider

A Velodyne LiDAR sensor is seen mounted on a self-driving vehicle during a self-racing cars event at Thunderhill Raceway in Willows, California, U.S., April 1, 2017. REUTERS/Stephen Lam (Reuters) – Autonomous vehicle technology company Velodyne Lidar has hired bankers for an initial public offering, Business Insider reported on Saturday, citing sources familiar with the process.… Continue reading Velodyne Lidar hires bankers for an IPO – Business Insider

“Let us go as we wish”

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