Mon, Jul 06, 2020 07:30 CET NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN, HONG KONG, THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO BUY, SELL… Continue reading Kongsberg Automotive ASA – Publication of prospectus and start of subscription period in subsequent offering
Category: Newswire
Karma Set To Expand European Retail Network In Germany, Switzerland And Austria
Karma’s presence in the DACH region will further underline the brand’s international growth plans, as its global retail network remains on track to expand to five continents in 2020. Karma already signed partnerships with dealers in the Netherlands, Sweden, France, Spain and Portugal and aims to be represented in all major European markets by year-end.… Continue reading Karma Set To Expand European Retail Network In Germany, Switzerland And Austria
VOXX International Corporation Acquires Majority Of Directed’s Automotive Aftermarket Business
ORLANDO, Fla., July 6, 2020 /PRNewswire/ — VOXX International Corporation (NASDAQ: VOXX), a leading manufacturer and distributor of automotive and consumer technologies for the global markets, is pleased to announce it has successfully acquired the aftermarket vehicle remote start and security systems (“RSS”) and connected car solutions (“CC”) businesses of Directed, LLC and Directed Electronics Canada… Continue reading VOXX International Corporation Acquires Majority Of Directed’s Automotive Aftermarket Business
Hyundai Mobis Invests in Silicon Valley Tech Funds
– Investing $20 million in 2 Silicon Valley tech funds…fostering future mobility startups in the mid-to-long term – Concentrating on R&D amid rapidly changing business environment…expanding research areas to include next-generation sensors, biometrics and robotics SEOUL, South Korea, July 2, 2020 /PRNewswire/ — Hyundai Mobis(KRX:012330), which has been devoted to securing future car technologies by developing… Continue reading Hyundai Mobis Invests in Silicon Valley Tech Funds
Kongsberg Automotive ASA – Approved prospectus for listing of shares in private placement on Oslo Børs and offer and listing of shares in subsequent offering
Fri, Jul 03, 2020 16:33 CET NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN, HONG KONG, THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO BUY, SELL OR SUBSCRIBE FOR… Continue reading Kongsberg Automotive ASA – Approved prospectus for listing of shares in private placement on Oslo Børs and offer and listing of shares in subsequent offering
Death of a car salesman looms as dealers go online
The Covid-19 crisis has driven the UK’s 4,500-strong franchised car dealer network to a Darwinian junction: adapt to survive or risk extinction.Customers will choose their preferred dealer/agent at the outset, which will organise the test drives, process the transaction and arrange the handover.KPMG’s Burn believes dealer chiefs would be wise to follow a “hub and spoke” model.
Volkswagen scraps plans in Turkey and might look at Bratislava instead
German carmaker Volkswagen’s dropped plans to build a brand new factory in Turkey could lead to an extension of the number of models produced at the VW plant in Bratislava.The Slovak arm of the German carmaker, Volkswagen Slovakia, has not confirmed the information.If confirmed, analyst Jesný sees this as positive news because the plant in Bratislava would produce middle-class models on a slightly different platform than it has produced so far.
Veoneer and Volvo Cars Finalize Split of Software Joint Venture Zenuity
STOCKHOLM, July 2, 2020 /PRNewswire/ — The automotive technology company, Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB), has finalized the split of Zenuity, its software and ADAS joint venture with Volvo Cars. As part of the split, Veoneer received IP licenses and strengthened its software and systems team with around 200 software engineers joining… Continue reading Veoneer and Volvo Cars Finalize Split of Software Joint Venture Zenuity
Brose Recognized by General Motors as a 2019 Supplier of the Year Winner
During the event, GM recognized 116 of its best suppliers from 15 countries that have consistently exceeded GM’s expectations, created outstanding value or introduced innovations to the company. The awards ceremony was originally scheduled as a live-event to be held in March but was postponed due to the impact of the COVID-19 pandemic. The recognition… Continue reading Brose Recognized by General Motors as a 2019 Supplier of the Year Winner
Porsche Reports Second Quarter U.S. Retail Deliveries
“May and June witnessed a rebound of customer demand from April, and record Certified Pre-Owned sales in June are another indicator of sustained passion for Porsche,” said Klaus Zellmer, President and CEO of PCNA. “Our dealer partners have gone above and beyond and displayed a high level of agility to ensure customers’ safety and mobility… Continue reading Porsche Reports Second Quarter U.S. Retail Deliveries