It will be a powerful boost! CFAO, a subsidiary of conglomerate Japanese Toyota Tsusho Corporation (TTC) operating mainly in Africa , announces on Thursday the entry into exclusive negotiations with the South African group in difficulties Steinhoff (owner of Conforama in particular) to acquire 74.9% of the capital of its car distribution company in South… Continue reading CFAO accelerates in car distribution in Africa
Category: Automotive
Nissan completes sale of battery business to Envision Group
YOKOHAMA, Japan – Nissan Motor Co., Ltd. has completed the previously announced sale of its electric battery operations and production facilities to Envision Group, a world-leading digital energy company. Marking the completion of the transaction, Nissan’s Chief Competitive Officer Yasuhiro Yamauchi said: “The new company has the opportunity to grow as a battery company with… Continue reading Nissan completes sale of battery business to Envision Group
UPDATE 2-Tesla supplier agrees to buy GM’s S.Korean plant for EV manufacturing
A logo of General Motors is pictured at its plant in Silao, in Guanajuato state, Mexico, November 9, 2017. REUTERS/Edgard Garrido SEOUL (Reuters) – A South Korean supplier of Tesla Inc said on Friday it had agreed to buy a shuttered auto factory from General Motors’ local unit to start contract manufacturing of electric vehicles.… Continue reading UPDATE 2-Tesla supplier agrees to buy GM’s S.Korean plant for EV manufacturing
Press: ZF signs definitive agreement to acquire WABCO
WABCO is a leading global supplier of braking control systems, technologies and services that improve safety, efficiency and connectivity of commercial vehicles including trucks, buses and trailers. Its diverse products and services include integrated braking systems and stability control, air suspension systems, transmission automation controls, as well as aerodynamics, telematics, and fleet management solutions. WABCO,… Continue reading Press: ZF signs definitive agreement to acquire WABCO
Assessment and analysis of the electromagnetic profile of prototype high-power-charging units for electric vehicles : contribution to IEC 61851-21-2 : radiated and conducted emissions, radiated immunity and exploratory research.
Assessment and analysis of the electromagnetic profile of prototype high-power-charging units for electric vehicles – Publications Office of the EU This portal is not fully functional with JavaScript disabled. Please enable JavaScript on your machine. The print function is not available on your version of browser Skip to Content Go to Source
BRIEF-Baic Motor Corp Announces Capital Increase To Mercedes-Benz Leasing
March 28 (Reuters) – Baic Motor Corp Ltd: * ANNOUNCES CAPITAL INCREASE TO MBLC * CO AND DGRC TO CONTRIBUTE AN AGGREGATE AMOUNT OF RMB700 MILLION TO MBLC IN PROPORTION TO THEIR RESPECTIVE SHAREHOLDINGS * UNDER CAPITAL INCREASE, COMPANY WILL CONTRIBUTE RMB245 MILLION, REPRESENTING 35% OF AMOUNT UNDER CAPITAL INCREASE * ON COMPLETION OF CAPITAL… Continue reading BRIEF-Baic Motor Corp Announces Capital Increase To Mercedes-Benz Leasing
Chinese EV start-up Leap Motor seeks to raise $372 mln in growth push – sources
By Julie Zhu and Kane Wu HONG KONG, March 29 (Reuters) – Electric vehicle start-up Leap Motor, co-founded by surveillance equipment maker Dahua Technology, is seeking to raise 2.5 billion yuan ($372 million) in its latest funding round to finance growth, three people with knowledge of the matter said. The Chinese company, backed by state-owned… Continue reading Chinese EV start-up Leap Motor seeks to raise $372 mln in growth push – sources
China, the latest smart small map
We had to find a smart solution for Smart. After twenty years of nagging efforts, Daimler could not decently write off its mini-city cars. Rather than bury his dream for good, the German group has decided to attempt an umpteenth relaunch with Chinese Geely. New models, new markets, new factory, new partner. “This is the… Continue reading China, the latest smart small map
GM to sell closed S.Korean plant to local parts maker for $99 mln
SEOUL, March 29 (Reuters) – South Korean auto parts maker Myoungshin plans to buy General Motors’ car factory in the southwestern city of Gunsan for 113 billion won ($99.5 million), Myoungshin’s parent firm said in a regulatory filing. Myoungshin, a unit of MS Autotech, said it will buy the land and buildings of the GM… Continue reading GM to sell closed S.Korean plant to local parts maker for $99 mln
UPDATE 4-Lyft valued at $24.3 bln in first ride-hailing IPO
(Reuters) – Lyft Inc was valued at $24.3 billion in the first initial public offering (IPO) of a ride-hailing startup on Thursday, raising more than it had set off to do as investors overlooked uncertainty over its path to becoming a profitable company. Lyft’s IPO sets the stage for the stock market debut of larger… Continue reading UPDATE 4-Lyft valued at $24.3 bln in first ride-hailing IPO