Category: Automotive

Tesla cites Brexit as Germany chosen over UK for European plant

Tesla US electric carmaker will build battery factory in Berlin, says boss Elon Musk Tesla’s Elon Musk says: ‘Everyone knows that German engineering is outstanding, for sure, and that’s part of the reason why we are locating our gigafactory Europe in Germany.’ Photograph: John Thys/AFP via Getty Images The Tesla boss, Elon Musk, has said… Continue reading Tesla cites Brexit as Germany chosen over UK for European plant

Volvo Buses Demonstrates Electric Autonomous Solution for Bus Depot

GÖTEBORG, Sweden, Nov. 13, 2019 /PRNewswire/ — For the first time, Volvo Buses shows the significant potential of autonomous buses in depot. The live demonstration, one of the world’s first for a 12 m electric and autonomous bus at a bus depot, represents an important milestone in Volvo Buses’ autonomous journey towards safer, cleaner and… Continue reading Volvo Buses Demonstrates Electric Autonomous Solution for Bus Depot

Continental Completes Purchase of Thermoplastic Specialist Merlett Group

Acquisition expands technological expertise and deepens specialist knowledge relating to design, processing and handling of thermoplastics for industrial hoses Combined product portfolio of rubber and thermoplastic hoses for agricultural, construction, transportation and food industries Andreas Gerstenberger, head of Industrial Fluid Solutions: “This is a major step forward to becoming a holistic supplier of systems and… Continue reading Continental Completes Purchase of Thermoplastic Specialist Merlett Group

Chinese Tesla challenger Xpeng raises $400M from investors including Xiaomi

Chinese electric vehicle (EV) maker, Xpeng Motors, announced it has raised $400 million in the latest round of financing, which included a new strategic investor — China’s budget smartphone brand Xiaomi. Local startup Xpeng, backed by Alibaba and Foxconn and seen as a rival to Tesla in China, will work with Xiaomi to develop technologies… Continue reading Chinese Tesla challenger Xpeng raises $400M from investors including Xiaomi

Tesla to focus on Model Y, batteries, and powertrains at Gigafactory 4 in Europe

Tesla is going to focus on Model Y production at its newly confirmed Gigiafactory 4 to be built in the Berlin area and they will also produce batteries and powertrains at the new European factory. As we reported yesterday, Elon Musk confirmed that Tesla is going to build Gigafactory 4 in the ‘Berlin area’. It… Continue reading Tesla to focus on Model Y, batteries, and powertrains at Gigafactory 4 in Europe

ŠKODA delivers 105,300 vehicles in October

ŠKODA AUTO Board Member for Sales and Marketing, Alain Favey, emphasises: “With our deliveries in October, we surpassed the mark of 1,000,000 vehicles delivered this year. The continued high demand for our SUV models has made a significant contribution to this success. With the early-November launch of the ŠKODA KAMIQ GT in China, we are… Continue reading ŠKODA delivers 105,300 vehicles in October

Hyundai: Hyundai Provides Teaser of its Ground-breaking SUV Concept for 2019 AutoMobility LA

LOS ANGELES, Nov. 13, 2019 – Hyundai Motor today shared a teaser video and image of its innovative Plug-in Hybrid SUV Concept for 2019 AutoMobility LA. The concept is the seventh in a series of Hyundai Design Center concepts expressing increasing Emotional Value to Hyundai’s evolving Sensuous Sportiness global design language. “We pursue innovative solutions… Continue reading Hyundai: Hyundai Provides Teaser of its Ground-breaking SUV Concept for 2019 AutoMobility LA

BDT Capital Partners acquires significant holding of non-voting common shares

2019-11-13 | Herzogenaurach BDT Capital Partners has informed Schaeffler AG that BDT Capital Partners has acquired approximately 25 percent of the outstanding non-voting common shares of Schaeffler AG. BDT Capital Partners, a Chicago-based merchant bank, was founded in 2009 by Byron D. Trott and focusses on investments in family-owned businesses. Publisher: Schaeffler AGCountry: Germany Go… Continue reading BDT Capital Partners acquires significant holding of non-voting common shares