Category: Automotive

@Groupe PSA: PR Faurecia announces the completion of the acquisition of Hella, creating the world’s seventh largest automotive supplier003200

Texte Faurecia acquired today a total of c. 79.5% of the shares in Hella including: 60% of Hella shares from the pool of family shareholders, paid for c. 52.1% in cash and for c. 7.9% in newly issued Faurecia shares [1] c. 19.5% as part of the settlement of the public takeover offer ended on… Continue reading @Groupe PSA: PR Faurecia announces the completion of the acquisition of Hella, creating the world’s seventh largest automotive supplier003200

@Groupe PSA: PR Information on the suspension of trading of the Faurecia stock003199

Chapô At Faurecia’s request, Euronext will suspend the trading of the stock (ISIN FR0000121147), as of today at market opening until the company issues a press release, in order to finalize the operations related to the expected completion of the acquisition of HELLA (project announced on August 14, 2021). Go to Source

@Groupe PSA: PR All conditions for the acquisition of a majority stake by Faurecia in Hella are now satisfied003198

Texte Following this last approval from regulatory authorities, all conditions precedent are now satisfied for the completion of the transaction with the Hueck Family pool announced on August 14, 2021 and for the settlement of the public takeover offer on Hella. Faurecia will acquire a total of c. 79.5% of shares in Hella including: 60%… Continue reading @Groupe PSA: PR All conditions for the acquisition of a majority stake by Faurecia in Hella are now satisfied003198

@Groupe PSA: PR Faurecia delivers app store solution for future BMW Group vehicles003196

Texte With this adaptive solution by Faurecia, customers will have access to a variety of popular apps through the car’s infotainment system. It already covers a wide range of use cases and needs, such as navigation, music on demand, audiobooks, video streaming, gaming, weather, electric vehicle charging and parking. The platform is scalable and open… Continue reading @Groupe PSA: PR Faurecia delivers app store solution for future BMW Group vehicles003196

The Station: Waymo sues to protect trade secrets, Wisk lands more Boeing capital and a chat with Toyota’s chief scientist

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello readers: Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. As… Continue reading The Station: Waymo sues to protect trade secrets, Wisk lands more Boeing capital and a chat with Toyota’s chief scientist

Koenigsegg introduces first in-house E-motor and EV-drive unit

Koenigsegg’s latest in-house innovation, the Quark motor, with a 330 ml beverage can for scale. Koenigsegg recently introduced the company’s newest innovation, the Quark electric motor that utilises a novel torque/power-rich balance between radial(power-dense) and axial(torque dense) flux topology dubbed Raxial Flux. The Quark E-motor relooks at the fundamentals of magnetism, materials, cooling and packaging. The Quark elementary… Continue reading Koenigsegg introduces first in-house E-motor and EV-drive unit

NIO Inc. Announces Completion of the Repurchase Right Offer for Its 4.50% Convertible Senior Notes due 2024

SHANGHAI, China, Jan. 31, 2022 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer and a leading company in the premium smart electric vehicle market, today announced that it has completed its previously announced repurchase right offer relating to its 4.50% Convertible Senior Notes due 2024 (CUSIP No. 62914VAB2; G6525FAA0) (the… Continue reading NIO Inc. Announces Completion of the Repurchase Right Offer for Its 4.50% Convertible Senior Notes due 2024