DETROIT (Reuters) – British exotic sports car maker McLaren Automotive will bank on expanded sales in Asia and a new generation of hybrid cars as it steers toward a potential public offering, the company’s chief executive said on Tuesday. FILE PHOTO: The McLaren Grand Tourer is seen during a world premiere at the Top Marques… Continue reading McLaren looks to Asia and hybrid cars to stay on track
Category: Automotive
@Groupe PSA: Money Saver: Opel Corsa-e Can Considerably Reduce Running Costs
Overview: comparison of electricity, petrol and diesel at a glance E-advantage: less service and maintenance, lower energy costs, tax benefit Rüsselsheim. When it comes to low running costs, it is hard to overlook the new Opel Corsa-e battery electric vehicle. A comparison at opel.de shows that the electric version of the sixth generation bestseller can… Continue reading @Groupe PSA: Money Saver: Opel Corsa-e Can Considerably Reduce Running Costs
European insurers get creative in booming China
HAMBURG, Germany — European insurers are teaming up with an unusual range of local partners, from food companies to retailers, in order to break into China’s booming insurance market that is already the world’s second biggest and is expected to triple by 2030. Ergo, part of Germany’s Munich Re Group, formed a joint venture with automaker Great Wall Motor in October… Continue reading European insurers get creative in booming China
India’s poor harvests lead to job losses at manufacturers
NEW DELHI — Freakish weather and poor harvests are taking a toll on India’s rural areas, where consumer spending earlier this year slowed so drastically that the government decided not to release the numbers. Farmers account for about half of India’s population, and their hard times are beginning to spill over into the overall economy.… Continue reading India’s poor harvests lead to job losses at manufacturers
Uberflip Buys SnapApp
Uberflip, a Toronto, Canada-based provider of a cloud content experience platform (CEP), acquired SnapApp, a Boston, MA-based provider of a solution for marketers to deliver sales leads. The amount of the deal was not disclosed. Through this acquisition, The acquisition further strengthens Uberflip’s ability to drive demand and revenue through personalized content experiences. Now, the… Continue reading Uberflip Buys SnapApp
Volkswagen headquarters raided again over diesel scandal
FILE PHOTO: The VW headquarters in Wolfsburg, Germany September 9, 2019. REUTERS/Fabian Bimmer/File Photo FRANKFURT (Reuters) – German public prosecutors raided the Wolfsburg headquarters of Volkswagen (VOWG_p.DE) on Tuesday in the latest investigation into the carmaker’s diesel emissions scandal. Prosecutors said investigators aimed to confiscate documents. Volkswagen, which admitted in 2015 to cheating U.S. emissions… Continue reading Volkswagen headquarters raided again over diesel scandal
UPDATE 1-Volkswagen headquarters raided again over diesel scandal
FRANKFURT (Reuters) – German public prosecutors raided the Wolfsburg headquarters of Volkswagen (VOWG_p.DE) on Tuesday in the latest investigation into the carmaker’s diesel emissions scandal. Prosecutors said investigators aimed to confiscate documents. Volkswagen, which admitted in 2015 to cheating U.S. emissions tests on diesel engines, said it was fully cooperating with the authorities, but viewed… Continue reading UPDATE 1-Volkswagen headquarters raided again over diesel scandal
BMW to start building EUR 1 bln plant in Hungary in spring
German carmaker BMW on Tuesday said it will start construction of a EUR 1 billion plant in Debrecen (195 km east of Budapest) in the spring.BMW will launch a recruiting campaign in Debrecen in the coming weeks and extend it to the whole of Hajdú-Bihar County next year.The handover of the plant site took place in September.
Mazda Reports November Sales Results
IRVINE, Calif., Dec. 3, 2019 /PRNewswire/ — Mazda North American Operations (MNAO) today reported total November sales of 24,374 vehicles, an increase of 18 percent compared to the same month in 2018 and Mazda’s overall best November since 1994. Year-to-date sales totaled 252,061 vehicles, a decrease of 8.2 percent. With 26 selling days in November,… Continue reading Mazda Reports November Sales Results
Renault chairman says Nissan merger not ‘ultimate step’
Renault chairman says merger with Nissan not the ‘ultimate step’ Read M&A insights you won’t find elsewhere Exclusive scoops Smart data to help spot risk and opportunity Analysis of broader trends in M&A Lex, our agenda-setting business commentary (Premium only) Due Diligence, an exclusive M&A newsletter (Premium only) Choose your subscription Trial Not sure which… Continue reading Renault chairman says Nissan merger not ‘ultimate step’