OEMs – Page 4748 – I wish I had more to offer

Presidents of Unifor and General Motors Canada hold joint news conference

Presidents of Unifor and General Motors Canada hold joint news conference 2019-05-08 TORONTO – Unifor’s National President, Jerry Dias and Travis Hester, President and Managing Director of General Motors Canada will make an important announcement this morning about operations in Oshawa. Members of the media are invited to attend a news conference in Toronto or… Continue reading Presidents of Unifor and General Motors Canada hold joint news conference

“I will not buy any shares from Uber”

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Extensive Premium Mobility Offer for Europe: Audi relies on Multi-Channel Strategy

The company with the four rings is expanding its flexible premium mobility business in Europe considerably and is positioning the umbrella brand Audi on demand on multiple pillars. Customers in ten countries will thus be able to access around 10,000 Audi models and book them flexibly starting in fourth quarter. At the same time, the… Continue reading Extensive Premium Mobility Offer for Europe: Audi relies on Multi-Channel Strategy

Volkswagen launches new service called “We Experience”

Users receive personalized recommendations and special offers for products and services Well-known partners such as Shell, Domino’s and Tank & Rast Suggestions based on IBM technology “We Experience” available in Germany in the “VW Connect” app Volkswagen has added a new service called “We Experience” to its “Volkswagen We” digital ecosystem in Germany. The new… Continue reading Volkswagen launches new service called “We Experience”

ROLLS-ROYCE UNVEILS WRAITH EAGLE VIII COLLECTION

Rolls-Royce Motor Cars will unveil its latest Collection Car, Wraith Eagle VIII, on the shores of Lake Como at this year’s Concorso d’Eleganza Villa d’Este, 24-26 May. Created by the Bespoke Collective at the House of Rolls-Royce, a Collection of just 50 Wraith Eagle VIII motor cars will tell the epic tale of one of… Continue reading ROLLS-ROYCE UNVEILS WRAITH EAGLE VIII COLLECTION

Launch of the new BMW E-Scooter from autumn 2019.

Munich. A new trend is coming to the world of electric mobility this year: e-scooters. This is the smart form of everyday transport – and the reason why BMW Lifestyle will be expanding its compact city scooter range for young and old from September 2019. The launch of the pioneering BMW E-Scooter sees the BMW… Continue reading Launch of the new BMW E-Scooter from autumn 2019.

BMW builds the best hybrid: International Engine of the Year award.

Munich/Stuttgart. For the fifth year in a row the winner of the International Engine + Powertrain of the Year award in its class is the powertrain of the BMW i8 (BMW i8 Roadster: fuel consumption combined 2.0 l/100 km [141.2 mpg imp]; electric power consumption combined 14.5 kWh/100 km; CO2 emissions combined 46 g/km; BMW i8 Coupe: fuel consumption… Continue reading BMW builds the best hybrid: International Engine of the Year award.

Kia hints at interior design of all-new small SUV

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Cabin characterized by broad, sweeping shapes and sophisticated technical detailsAimed at youthful, tech-savvy buyers looking for ease-of-use with a bold design statementHigh-tech features include 10.25-inch touchscreen infotainment and Sound Mood LightingNew model on-sale in Korea later in 2019, with global markets to follow Kia Motors has today revealed an interior sketch of the cabin of its all-new small SUV. Due to be revealed this summer, the new small SUV’s interior makes a bold design statement and has a focus on maximum ease of use. Trimmed in high-quality materials throughout, the expansive shapes and technical forms of the cabin create a youthful and luxurious vibe. With chic design details, such as metallic highlights in the air vents and a broad, sweeping dashboard, the cabin also maintains a focus on technology, creating a modern ambience to appeal to young-at-heart, tech-savvy buyers. The grab-bar on the passenger side of the cen..

Tesla Successful In Buying Maxwell Technologies

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Published on May 16th, 2019 |

by Maarten Vinkhuyzen

Tesla Successful In Buying Maxwell Technologies

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May 16th, 2019 by Maarten Vinkhuyzen

The news of the day is that Tesla bought around 79% of Maxwell’s shares on May the 15th, 2019, after the acquisition offer was extended twice. The original proposal was from February 4th, 2019, and was discussed well by our authors in “Tesla Inks Deal To Acquire Maxwell Technologies In Stock Deal” and “The Ultracapacitors, Electrodes, & Battery Manufacturing Tech Tesla Gets With Maxwell Technologies.”

To make it clear that this is a 100% merger, the stock not offered is converted to a right to get Tesla shares and cash on the same conditions as the shares offered and accepted in the acquisition. They are not shares any more — they are essentially IOUs.

It is a short but very important announcement. Now let’s look a bit more closely at what Tesla bought.

Maxwell Technologies.
Maxwell Technology was a company specialized in high-quality supercapacitors. A supercapacitor is a kind of electricity storage device that can charge and discharge very fast and many thousands of times without any wear and tear. But the density of energy is very low, making supercapacitors unusable as permanent storage. It has been speculated, though, that use of supercapacitors could enable better storage and reuse of braking energy, making EV’s better track cars.

Perhaps, but that is not what made Maxwell a target for Tesla. Maxwell developed a way to improve battery production. The company’s own estimate was that, in time, Maxwell could grow to a many-billion-dollar company, multiplying their stock value at least tenfold and perhaps a hundredfold. If only they could bring the patents to production. An excellent description of the technology is in an article by Randy Carlson, “Tesla and Maxwell: Assessing the deal.”

To become so valuable, you need customers for your batteries and/or other battery companies willing to use your technology for a fee. Alas, only Tesla was a little bit interested. Tesla and Panasonic can likely realize the billions in saving on battery production that Maxwell predicted. Others?

This would give Tesla, currently having already the lowest cost batteries, an unassailable advantage over the competition for the coming years. The questions are how fast this can be incorporated into the Panasonic processes at GF1, and how big the savings will really be.

For the time being, Maxwell will continue with its business all over the world. Too many employees and customers and contracts to do anything else.

What the future will bring we can only guess. I would not be surprised if the capacitor business gets a management buyout after the battery technology is transferred to Tesla.

About the Author

Maarten Vinkhuyzen Grumpy old man. The best thing I did with my life was raising two kids. Only finished primary education, but when you don’t go to school, you have lots of time to read. I switched from accounting to software development and ended my career as system integrator and architect. My 2007 boss got two electric Lotus Elise cars to show policymakers the future direction of energy and transportation. And I have been looking to replace my diesel cars with electric vehicles ever since.

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Large majority of Daimler shareholders approve new Group structure with Daimler AG as parent company

Annual Meeting in Berlin with about 5,000 shareholders clears the way for legally independent entities for car and van business and for truck and bus business Manfred Bischoff, Chairman of the Supervisory Board of Daimler AG: “Today, the shareholders of Daimler AG have approved our plans for a new, modern Group structure. With this new… Continue reading Large majority of Daimler shareholders approve new Group structure with Daimler AG as parent company