Category: News Site

Outside of Tesla, future EV sales in U.S. may be thin for most brands-study

(Reuters) – U.S. demand for electric vehicles, including hybrids, could rise to 1.28 million by 2026, a new study projected on Wednesday, but most brands will struggle to make money on the new models. FILE PHOTO: The 2020 Mercedes-Benz GLC EQC is revealed at the 2019 New York International Auto Show in New York City,… Continue reading Outside of Tesla, future EV sales in U.S. may be thin for most brands-study

Auto supplier Cooper-Standard not interested in bidding for Turkey’s Teklas-CEO

DETROIT (Reuters) – U.S. auto parts supplier Cooper-Standard Holdings Inc is not interested in buying Turkey’s Teklas Kaucuk, which supplies such carmakers as General Motors and BMW, Cooper-Standard’s top executive said on Wednesday. Cooper-Standard, based outside Detroit, is not interested in expanding in Europe given that region’s uncertainties at the moment, Chairman and Chief executive… Continue reading Auto supplier Cooper-Standard not interested in bidding for Turkey’s Teklas-CEO

UPDATE 2-NXP to buy Marvell’s WiFi, Bluetooth business for $1.76 bln

(Reuters) – Dutch chipmaker NXP Semiconductors NV said on Wednesday it will buy Marvell Technology Group Ltd’s wireless connectivity business for $1.76 billion in cash to offer its customers a bigger product portfolio. FILE PHOTO: People look over a display in the NXP booth during the 2019 CES in Las Vegas, Nevada, U.S. January 8,… Continue reading UPDATE 2-NXP to buy Marvell’s WiFi, Bluetooth business for $1.76 bln

German online classifieds firm Scout24 eyes Ebay parts – CEO

MUNICH, May 29 (Reuters) – Scout24 is interested in acquiring certain parts of Ebay’s classifieds business, Chief Executive Tobias Hartmann said, adding that he was interested in Ebay’s car and real estate classifieds operations. “We are operating in a market where acquisition opportunities are rare. But we will focus on markets and countries where we… Continue reading German online classifieds firm Scout24 eyes Ebay parts – CEO

Nissan tells Renault ‘not opposed’ to Fiat Chrysler merger plan -Nikkei

TOKYO (Reuters) – Nissan on Wednesday told Renault it wasn’t opposed to its partner’s potential $35 billion merger with Fiat Chrysler, the Nikkei newspaper said, as the two met to hash out the future of their alliance amid a deal that could upend the auto industry. FILE PHOTO: The logos of car manufacturers Renault and… Continue reading Nissan tells Renault ‘not opposed’ to Fiat Chrysler merger plan -Nikkei

VW’s Porsche CEO probed by prosecutors: Stuttgarter Nachrichten

FILE PHOTO: Oliver Blume, CEO of Porsche AG, speaks during a Porsche press conference at the Los Angeles Auto Show in Los Angeles, California, U.S. November 28, 2018. REUTERS/Kyle Grillot/File Photo FRANKFURT (Reuters) – German prosecutors are investigating the chief executive of Volkswagen’s Porsche business, Oliver Blume, over a possible breach of fiduciary trust tied… Continue reading VW’s Porsche CEO probed by prosecutors: Stuttgarter Nachrichten

China’s used car marketplace Uxin to raise $230M via convertible notes

Uxin, a Chinese second-hand car dealer with Leonardo DiCaprio as its latest brand ambassador, is tipped to get a bag of new funding less than a year after it raised $225 million from its public offering on the Nasdaq. The company announced on Wednesday that it’s selling $230 million worth of convertible notes to 58.com —… Continue reading China’s used car marketplace Uxin to raise $230M via convertible notes

Volta adopts new visual design for its ad-funded chargers

Volta, which operates a network of free EV chargers funded via sponsored content, has given its charging stations a new look. The new design includes lighting that communicates charging status and, like previous Volta chargers, the station incorporates 55-inch displays to present advertisements. Volta expects to begin installing the new chargers by the end of… Continue reading Volta adopts new visual design for its ad-funded chargers