Category: Automotive

Nethone Closes Over $1M First External Financing

Nethone, a Warsaw, Poland-based KYU (Know Your User) company which uses artificial intelligence to detect fraud in online transactions, raised over $1m in the first round of financing. Innovation Nest made the investment. The company intends to use the funds to expand its operations and grow in new markets. Established in 2016 by Daftcode –… Continue reading Nethone Closes Over $1M First External Financing

New leadership at BMW Group International Corporate and Special Sales

Experienced manager Uwe Holzer moves to his new role in May   Munich. From May 2019, Uwe Holzer will take on the role of Vice President International Corporate and Special Sales at the BMW Group. He brings many years of experience in the automotive industry to the job, having previously led the group of BMW Group… Continue reading New leadership at BMW Group International Corporate and Special Sales

Heritage Automotive acquires Blade Motor Group and Blade Motorcycles

Heritage Automotive has grown its Volkswagen Group representation and its presence in the motor-cycle sector with the acquisition Blade Motor Group and Blade Motorcycles for an undisclosed sum. Three Skoda, two Seat and Audi, Volkswagen and Honda dealerships are part of the acquisition which grows the AM100’s 86th-placed, £155 million turnover car franchise group’s influence… Continue reading Heritage Automotive acquires Blade Motor Group and Blade Motorcycles

Aptiv takes its self-driving car ambitions (and tech) to China

Aptiv, the U.S. auto supplier and self-driving software company, is opening an autonomous mobility center in Shanghai to focus on the development and eventual deployment of its technology on public roads. The expansion marks the fifth market where Aptiv has set up R&D, testing or operational facilities. Aptiv has autonomous driving operations in Boston, Las… Continue reading Aptiv takes its self-driving car ambitions (and tech) to China

Auto Shanghai: Continental Continuing to Expand Production of Electric Mobility Components in China

Continental presents wide portfolio of electric mobility solutions for the Chinese market China ranks as the world’s largest market for electric mobility Sharp expansion of production capacity planned for the coming years Shanghai (China), Regensburg (Germany), April 17, 2019. Continental is continuing to drive forward the expansion of electric mobility in China. At Auto Shanghai… Continue reading Auto Shanghai: Continental Continuing to Expand Production of Electric Mobility Components in China

Nissan Scraps CEO Office in Post-Ghosn Era

Nissan’s board is set to formally adopt the new rules, including the creation of a more independent board, by the end of June. Tokyo: Nissan Motor no longer has an office staffed by an inner circle of people working for the chief executive officer following the arrest and exit of former chairman Carlos Ghosn, a… Continue reading Nissan Scraps CEO Office in Post-Ghosn Era

Press Releases – Passenger car registrations: -3.3% first quarter of 2019; -3.9% in March

Brussels, 17 April 2019 – In March 2019, the European passenger car market contracted by 3.9%, falling from 1,792,880 units the year before to 1,722,442 last month. In March 2019, the European passenger car market contracted by 3.9%, falling from 1,792,880 units the year before to 1,722,442 last month. Demand decreased in all major EU… Continue reading Press Releases – Passenger car registrations: -3.3% first quarter of 2019; -3.9% in March

Japan’s Nippon Paint makes $2.7b bid for Australia’s DuluxGroup

April 17, 2019 Japan’s Nippon Paint Holdings Co Ltd has proposed buying Australia’s biggest paint maker DuluxGroup Ltd for A$3.8 billion ($2.7 billion), expanding its global footprint though entering Australia just as a housing boom falters. The deal – recommended by the Dulux board – is the latest in a slew of Japanese acquisitions in… Continue reading Japan’s Nippon Paint makes $2.7b bid for Australia’s DuluxGroup