Category: Automotive

President Moon Jae-In Emphasizes Importance of Hydrogen Car and Fuel Cell Industries

“We already have global technical skills in hydrogen industry as we became the first country to commercialize hydrogen cars.” said President Moon Jae-in on the 5th. “Our goal is to be the top country in hydrogen vehicle and fuel cell industries by 2030.”“Hydrogen bus and hydrogen charging station are very important challenges for all of… Continue reading President Moon Jae-In Emphasizes Importance of Hydrogen Car and Fuel Cell Industries

Fiat Chrysler withdraws bid for Renault

Fiat Chrysler has withdrawn its merger proposal for French carmaker Renault, the Italian-American firm has said. The announcement followed a failed attempt by Renault board members to reach a decision on the offer. Renault said it had been unable to reach agreement because French government representatives had requested a postponement. The French government is the… Continue reading Fiat Chrysler withdraws bid for Renault

Announcement on Ford plant closure due

An announcement on the proposed closure of Ford’s Bridgend plant will be made on Thursday, the BBC has been told. Ford Europe and bosses from the United States will meet union leaders at its Essex headquarters. The GMB said closure would “mean disaster” for the plant, which opened in 1980 and employs 1,700 workers. Ford… Continue reading Announcement on Ford plant closure due

The Fiat Chrysler-Renault merger is dead over suboptimal ‘political conditions’

A proposed merger between Fiat Chrysler-Renault, which would have created the third largest global automaker, is off. Fiat Chrysler Automobiles withdrew its offer, The Wall Street Journal reported. FCA confirmed to TechCrunch that it has withdrawn its offer, largely due to political conditions. “FCA remains firmly convinced of the compelling, transformational rationale of a proposal… Continue reading The Fiat Chrysler-Renault merger is dead over suboptimal ‘political conditions’

Sources: Bird is in talks to acquire scooter startup Scoot

If you are among those who thought that the scooter market sounded a little overhyped and overcrowded, we’ve gotten wind of a deal that could point to some impending consolidation. The on-demand scooter business Bird has agreed to acquire Scoot, a smaller two-wheeled mobility startup, sources tell TechCrunch. The stage of the negotiations is not clear… Continue reading Sources: Bird is in talks to acquire scooter startup Scoot

UPDATE 1-Fiat Chrysler withdraws merger offer for Renault

FILE PHOTO: The logos of Renault and Fiat carmakers are seen in Nice, France, June 3, 2019. REUTERS/Eric Gaillard PARIS (Reuters) – Fiat Chrysler said on Wednesday it was withdrawing its $35 billion merger offer for Renault, calling off what would have been a landmark deal to create the world’s third-biggest automaker. A source close… Continue reading UPDATE 1-Fiat Chrysler withdraws merger offer for Renault

UPDATE 1-Fiat Chrysler sales chief files whistleblower suit over SEC probe

WASHINGTON (Reuters) – Fiat Chrysler Automobiles’ U.S. sales chief Reid Bigland sued the Italian-American automaker claiming the company opted to withhold 90% of his 2018 compensation because he has cooperated with a probe by the U.S. Securities and Exchange Commission, court documents filed on Wednesday show. FILE PHOTO: The logo of Fiat carmaker is pictured… Continue reading UPDATE 1-Fiat Chrysler sales chief files whistleblower suit over SEC probe

Chevrolet Launches Tracker SUV in China

Chevrolet Launches Tracker SUV in China 2019-06-05 CHONGQING – The Chevrolet Tracker was launched today in China at Auto Chongqing 2019. The sporty small SUV comes with a stylish exterior and interior, GM’s latest eighth-generation Ecotec engines, and intelligent connectivity and safety features. Six variants, including four Redline models, range in price from RMB 99,900 to… Continue reading Chevrolet Launches Tracker SUV in China

Yellowbrick Data Raises $81M in Series C Funding

Yellowbrick Data, a Palo Alto, California-based provider of data warehousing for the enterprise analytics market, raised $81m in Series C funding. The round was led by DFJ Growth, with participation from IVP and BMW i Ventures and existing investors Next47, Third Point Ventures, Menlo Ventures, Threshold Ventures and GV. The company, which has now raised… Continue reading Yellowbrick Data Raises $81M in Series C Funding