April 27 (Reuters) – China Automotive Systems Inc: * CHINA AUTOMOTIVE SYSTEMS INC – ON APRIL 27, UNIT OF CO ENTERED INTO A JOINT VENTURE CONTRACT WITH KYB (CHINA) INVESTMENT CO., LTD – SEC FILING * CHINA AUTOMOTIVE – HENGLONG, KYB WILL ESTABLISH A JOINT VENTURE COMPANY, HUBEI HENGLONG KYB AUTOMOBILE ELECTRIC STEERING SYSTEM CO.,… Continue reading BRIEF-China Automotive Systems’ Unit Enters JV Contract With KYB China
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Opel works council blocks severance program
The voluntary severance package at Opel is apparently well received. The works council sees the future of the automaker endangered – and provisionally denies its approval. Opel plant in Kaiserslautern (archive) Friday, 27.04.2018 14:05 clock at Opel the dispute over the voluntary redundancy program is escalating. The works council provisionally refuses to approve current contracts.… Continue reading Opel works council blocks severance program
Imec Solid-State Battery Is On Track For 2024 Release – 1000Wh/L at 2C
5 M BY MARK KANE Imec, the Belgium-based research and innovation hub vested in nanoelectronics and digital technologies, announced progress in next-gen solid-state batteries for EVs. The company recently developed a prototype cell with energy density of 200 Wh/liter at a charging speed of 0.5C (2 hours). Read Also – Continental Eyes Entry Into Battery… Continue reading Imec Solid-State Battery Is On Track For 2024 Release – 1000Wh/L at 2C
Baidu Sets Up $500M Internet, Artificial Intelligence Fund
China’s search engine giant Baidu Inc. has announced plans to set up a new fund worth of US$500 million in its first phrase to invest in Internet and artificial intelligence start-ups. The fund, named Changcheng Investment Partners, will be the third such fund established by Baidu. In 2016, Baidu set up Baidu Ventures, which raised… Continue reading Baidu Sets Up $500M Internet, Artificial Intelligence Fund
France’s BlaBlaCar acquires carpool startup Less in ongoing ridesharing consolidation
The ongoing trend of consolidation in the world of ridesharing continues apace, with the latest development coming out of Europe. BlaBlaCar, the French carpooling platform, is acquiring Less, a young carpooling platform based in Paris and focusing only on urban rides, paying drivers on a per-kilometer rate to incentivize them. The financial terms are not… Continue reading France’s BlaBlaCar acquires carpool startup Less in ongoing ridesharing consolidation
Combustion and electric drive: Conti checks IPO of its drive division
All articles and backgrounds 04/27/2018 Combustion and electric drive Conti checks IPO of its drive division DPA Continental: Possible tripartite conversation The auto supplier Continental is considering outsourcing its propulsion business and taking some of it to the stock market. CEO Elmar Degenhart said on Friday before the shareholders, Conti continue to expand the division,… Continue reading Combustion and electric drive: Conti checks IPO of its drive division
Porsche will build network of 500 fast chargers for its Mission E electric cars
Porsche Mission E Concept – 2015 Frankfurt Auto Show live photos Enlarge Photo Porsche is getting its dealerships on board with selling electric cars, in preparation for its upcoming Mission E electric sedan, by insisting that each of the company’s 189 U.S dealerships install fast charger with enough juice to charge the car’s big, 300-mile… Continue reading Porsche will build network of 500 fast chargers for its Mission E electric cars
Vauxhall Corsa diesel axed due to low demand
The Vauxhall Corsa will no longer be offered with a diesel engine because the variant represented just 2.5% of the model’s sales. Corsas powered by the 1.3 CDTi engine were particularly unpopular with retail buyers, who account for the majority of the hatchback’s customers. In 2017, just 0.5% of Corsa retail purchases were of the diesel. This fits… Continue reading Vauxhall Corsa diesel axed due to low demand
Read Motor Group Doncaster acquisition completes Burrows Motor Company Hyundai withdrawal
Burrows Motor Company has completed its withdrawal from the Hyundai franchise with the sale of its Doncaster franchise to the Read Motor Group for an undisclosed sum.
UPDATE 1-Autoliv Q1 profit lags forecast ahead of split
(Adds detail, background, share price) STOCKHOLM, April 27 (Reuters) – Autoliv , the world’s largest maker of airbags and seatbelts, reported quarterly earnings just below market expectations on Friday and said it would not deliver financial guidance for the group ahead of its impending split. The Swedish automotive supplier said its first-quarter operating profit rose… Continue reading UPDATE 1-Autoliv Q1 profit lags forecast ahead of split