Category: Automotive

Volkswagen to take over telematics specialist WirelessCar from Volvo

The Volkswagen Automotive Cloud will link the fully connected vehicle, the cloud-based platform and digital value-added services. The Volkswagen Group is acquiring a majority stake in the Swedish telematics specialist “WirelessCar” from Volvo with a view to making further advances in fleet connectivity. The Volkswagen Group is acquiring a 75.1 percent stake in WirelessCar. Completion… Continue reading Volkswagen to take over telematics specialist WirelessCar from Volvo

Shell acquires 49% stake in Singapore-headquartered Cleantech Solar

December 19, 2018 Royal Dutch Shell has agreed to acquire a 49 percent stake in Asia-focused firm Cleantech Solar, the energy giant’s second investment in solar power this year. The Anglo-Dutch company will have an option to increase its holding in Cleantech after 2021. The deal is expected to close in January 2019. Cleantech Solar develops, owns… Continue reading Shell acquires 49% stake in Singapore-headquartered Cleantech Solar

Exclusive: Renault-Nissan finances draw scrutiny in Ghosn scandal – documents

PARIS/TOKYO (Reuters) – Renault-Nissan (RENA.PA)(7201.T) executives including the French carmaker’s general secretary Mouna Sepehri worked on an abortive 2010 plan to pay out Chairman Carlos Ghosn’s deferred Nissan compensation through the companies’ shared Dutch holding, according to documents seen by Reuters. FILE PHOTO: Carlos Ghosn attends the Paris Auto Show, in Paris, France, October 1,… Continue reading Exclusive: Renault-Nissan finances draw scrutiny in Ghosn scandal – documents

BMW Group and Daimler AG plan next steps for joint mobility company. Competition authorities approve merger of mobility services.

Munich/Stuttgart. The BMW Group and Daimler AG are planning the next steps for their joint mobility company, following approval by the responsible competition authorities. The basis for this is the approval of the US competition authorities, which was received on Tuesday, December 18, 2018. This means that all antitrust authorities involved have given the green… Continue reading BMW Group and Daimler AG plan next steps for joint mobility company. Competition authorities approve merger of mobility services.

Continental Pioneers Tire Tests With Self-Driving Test Vehicles

Any tire test track can now be driven without a driver Automation allows for improved processes and more conclusive results Driverless tire tests based on prototypes of Continental’s automated Cruising Chauffeur Continental Executive Board member Nikolai Setzer: “Project ensures premium quality” Hanover/Uvalde (U.S.A.), December 19, 2018. At its test site in Uvalde, Texas, U.S.A., the… Continue reading Continental Pioneers Tire Tests With Self-Driving Test Vehicles

Volkswagen introduces new remuneration model for top management

The Volkswagen Group has revised its top management remuneration system. The new model is based on the system used for the Board of Management, strengthens the Group idea and fosters cooperation between brands, regions and countries. In addition, the return targets of the Group are taken into account and a stronger link to share prices… Continue reading Volkswagen introduces new remuneration model for top management

Nissan’s Saikawa did not meet one-on-one with Renault’s Bollore – source

YOKOHAMA, Dec 19 (Reuters) – Nissan Motor Co CEO Hiroto Saikawa did not meet one-on-one with Thierry Bollore, the deputy CEO of Renault SA, during a meeting in Amsterdam, a source familiar with the matter said. Saikawa has already returned to Japan, a source familiar with the matter said. The two companies held talks as… Continue reading Nissan’s Saikawa did not meet one-on-one with Renault’s Bollore – source

Dealers ‘miss out’ on £17m of service revenue claims VHC firm

The UK’s franchised dealers have missed out on more than £17m worth of service revenue in the final months of 2018. Data from electronic vehicle health check provider autoVHC has highlighted a sharp drop in the percentage of completed health checks during October and November of this year. According to autoVHC, the average dealership completed… Continue reading Dealers ‘miss out’ on £17m of service revenue claims VHC firm

Sinclair Group acquires first Land Rover outlet

The Sinclair Group has strengthened its standing as Wales’ largest franchised retailer by adding another premium brand to its portfolio. It has bought Likes Land Rover at Hay-on-Wye from Walters Group, and is to rebrand it Sinclair Land Rover. All 35 staff employed at the site will be transfered into the Sinclair Group. Founded in 1945 and… Continue reading Sinclair Group acquires first Land Rover outlet