NEW YORK, Jan. 21, 2020 /PRNewswire/ — Simpson Performance Products (“Simpson,” “SPP” or the “Company”), a portfolio company of New York-based private equity firm, BRS & Co. (“BRS”), acquired Clearwater Lights (“Clearwater”) from its founder, Glenn Stasky, who will become a senior member of the SPP team and continue to lead the Clearwater operation. Based in… Continue reading Simpson Performance Products Acquires Clearwater Lights
Category: Newswire
Software Motor Company raises new $25 million round
SAN FRANCISCO, Jan. 21, 2020 /PRNewswire/ — Software Motor Company (SMC) has completed a $25 million financing round, including a first-time investment by BMW i Ventures. This fundraise will permit SMC to continue accelerating product development efforts and achieve new milestones. SMC intends to raise its final round in summer 2020. SMC has now raised… Continue reading Software Motor Company raises new $25 million round
Silvercar, Inc. bolsters mobility strategy with new key executives
AUSTIN, Texas, Jan. 21, 2020 /PRNewswire/ — Automotive mobility solutions company Silvercar, Inc. is looking toward the future and continued growth with the appointments of three new executives including Jefferson Macks, CFO, Kerry McGowne, EVP of Corporate Communications and Brand and Nathan Yang, VP of Product. The new members of the executive leadership team are a… Continue reading Silvercar, Inc. bolsters mobility strategy with new key executives
BMW has record year in Hungary
The BMW Group closed 2019 with record sales in Hungary, up 18% from the previous year, selling a total of 3,714 BMWs, and 59% more Mini models, said András Salgó, corporate communications director, at a press conference, writes origo.hu.It is ranked third in the all-electric cars marketed in Hungary, after the Nissan Leaf and Volkswagen e-Golf.In 2019, a total of 1,706 fully electric cars were sold on the Hungarian market.
Magyar Suzuki to make only hybrid models for EU markets
Japanese car market Suzuki will produce only cars fitted with hybrid engines from this year for EU markets at its plant in Esztergom (39 km northwest of Budapest), the company told Hungarian news agency MTI on Monday.It had revenue of EUR 1.95 billion in 2018, including domestic revenue of EUR 280.4 million.
Valmet receives the best A rating in CDP’s climate program ranking for the second consecutive year
Valmet Oyj’s press release on January 20, 2020 at 11:00 a.m. EETValmet has been recognized for its actions and strategy to mitigate climate change by receiving the best A rating in CDP’s climate program ranking for the second consecutive year. CDP’s evaluation is based on the company’s 2019 disclosure about its actions in the last… Continue reading Valmet receives the best A rating in CDP’s climate program ranking for the second consecutive year
GKN Automotive and Delta Electronics Inc. Collaborate to Accelerate Development of Next-generation eDrive Technology
eDrive systems leader GKN Automotive and power electronics specialist Delta Electronics Inc. begin strategic collaboration Milestone relationship will accelerate delivery of scalable, next-generation 3-in-1 eDrive systems New integrated eDrive systems currently in development will enter production within three years to continue addressing a sizeable and rapidly expanding market TAIPEI, Jan. 20, 2020 /PRNewswire/ — GKN… Continue reading GKN Automotive and Delta Electronics Inc. Collaborate to Accelerate Development of Next-generation eDrive Technology
Billionaire Stroll Becomes Frontrunner for Aston Martin Stake
Canadian billionaire Lawrence Stroll is emerging as the frontrunner to buy a stake in luxury-car maker Aston Martin Lagonda Global Holdings Plc as interest from a rival Chinese investor wanes, people with knowledge of the matter said.
VW CEO Calls for ‘Radical Overhaul’ to Master Technology Shift
Volkswagen AG Chief Executive Officer Herbert Diess told top managers that the world’s largest automaker needs to undergo a “radical overhaul” in the face of industry change or risk being pushed aside.
Meritor Acquires TransPower, Advancing its Electrification Expertise
TROY, Mich., Jan. 16, 2020 /PRNewswire/ — Meritor, Inc. (NYSE: MTOR) today announced that it has acquired all the outstanding common shares of Transportation Power, Inc. (“TransPower”). Terms of the transaction were not disclosed. “We are excited to welcome TransPower to the Meritor family as we continue providing our customers with sophisticated electric drivetrain solutions,”… Continue reading Meritor Acquires TransPower, Advancing its Electrification Expertise