Merged PSA and Fiat would retain all brands: Tavares

PARIS/TURIN, Italy (Reuters) – Peugeot maker PSA Group (PEUP.PA) and Fiat Chrysler (FCHA.MI) would retain all of their car brands if their planned $50 billion merger goes ahead, the would-be chief executive of the combined group said on Friday. FILE PHOTO: CEO of the PSA Group, Carlos Tavares attends the 89th Geneva International Motor Show… Continue reading Merged PSA and Fiat would retain all brands: Tavares

Daimler to cut 1,100 managing positions worldwide: Sueddeutsche Zeitung

FILE PHOTO – The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin, Germany, April 5, 2018. REUTERS/Hannibal Hanschke FRANKFURT (Reuters) – Daimler (DAIGn.DE) will cut 1,100 leadership positions worldwide, or about 10% of its management, German daily Sueddeutsche Zeitung said on Friday, citing a newsletter circulated by the company’s works council.… Continue reading Daimler to cut 1,100 managing positions worldwide: Sueddeutsche Zeitung

Continental Hoses Ensure a High Level of Process Safety at Oettinger Brauerei

Oettinger Brauerei relies on foodstuff hoses from Continental for its state-of-the-art, highly automated plant Continental industrial hoses guarantee purity and process safety for fermentation, storage and cleaning Flexibility, robustness, ease of handling and durability deliver added value for the brewery Hanover, 8 November 2019. The hose solutions from technology company Continental used by Oettinger Brauerei… Continue reading Continental Hoses Ensure a High Level of Process Safety at Oettinger Brauerei

Elon Musk taunts Tesla short David Einhorn and makes him smart offer he can’t refuse

Elon Musk sent a public letter to David Einhorn, a famous hedge fund manager who has a big short position on Tesla, and he offered to meet him and have him visit Tesla – a smart move that Einhorn would have a tough time refusing. Einhorn became famous after shorting Lehman Brothers in 2007 before… Continue reading Elon Musk taunts Tesla short David Einhorn and makes him smart offer he can’t refuse

First look at new Tesla Roadster’s trunk hatch with diecast based on CAD model

We get our first look at the new Tesla Roadster’s trunk space and hatch with a diecast version of the car that is based on the CAD model meant for the production. When Tesla unveiled the next-generation Roadster at the Tesla Semi unveiling in 2017, Elon Musk surprised many by saying that the electric supercar… Continue reading First look at new Tesla Roadster’s trunk hatch with diecast based on CAD model

Audi increases deliveries in October by 26.8 percent to around 149,150 cars

AUDI AG delivered around 149,150 cars to customers worldwide in October. This represents a 26.8 percent increase on the prior-year period. All three core regions performed positively: In China, an increase of 6.0 percent represents a new record figure for deliveries. In North America, the Four Rings increased deliveries by 15.6 percent. In Europe, deliveries… Continue reading Audi increases deliveries in October by 26.8 percent to around 149,150 cars

African logistics platform Lori closes $30m led by Hillhouse, Crystal Stream

Lori Systems, an African logistics platform that connects cargo owners with truck fleets, has secured nearly $30 million in a Series A round of financing led by Chinese investors Hillhouse Capital Group and Crystal Stream Capital. Apoletto Asia, the investment vehicle of DST Global’s Russian billionaire founder Yuri Milner, seed stage-focused venture capital firm Timon… Continue reading African logistics platform Lori closes $30m led by Hillhouse, Crystal Stream

Green light for the “Bidirectional Charging Management (BCM)” research project.

A similar press release is going to be published by each of the project partners. Munich. The newly launched Bidirectional Charging Management – BCM research project brings together companies and institutions from the automotive, energy and scientific sectors. They have teamed up to develop technological solutions for making electric mobility even easier and cheaper for… Continue reading Green light for the “Bidirectional Charging Management (BCM)” research project.