Tag: M and A

FCA moves Ram production to Mich., gives $2K bonuses

2017 Ram Power Wagon(Photo: FCA) Fiat Chrysler Automobiles NV will invest $1 billion at its Warren Truck Assembly plant to bring production of its Ram Heavy Duty truck to the U.S. from Mexico. The company said Thursday the move will add 2,500 jobs in Metro Detroit by 2020, when the plant retooling is completed. The… Continue reading FCA moves Ram production to Mich., gives $2K bonuses

Ford GoBike Bike Share System Passes Growth Milestones

SAN FRANCISCO, Jan. 11, 2018 /PRNewswire/ — The Ford GoBike program surpassed a key milestone in late December, with more than 500,000 rides taken since launch in June 2017. In another milestone, the number of Bay Area residents who have signed up for discounted memberships has nearly tripled since September 2017, thanks to vigorous efforts to… Continue reading Ford GoBike Bike Share System Passes Growth Milestones

Nissan: Leading automotive, telecom and ITS companies unveil first announced cellular V2X trials in Japan

Continental, Ericsson, Nissan, NTT DOCOMO, OKI and Qualcomm Technologies join forces to host C-V2X trials in Japan in 2018 to validate and demonstrate C-V2X benefits TOKYO – Continental, Ericsson, Nissan, NTT DOCOMO, Inc., OKI and Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated (NASDAQ: QCOM), announced today plans to carry out their first Cellular Vehicle-to-Everything… Continue reading Nissan: Leading automotive, telecom and ITS companies unveil first announced cellular V2X trials in Japan

Ford-backed self-driving car in crash that sent two to hospital

Ford exhibited self-driving delivery vehicle at CES 2018 this week – a modified Fusion, the same model involved in the Pittsburgh crash. Photograph: Jae C. Hong/AP Self-driving cars Ford-backed self-driving car in crash that sent two to hospital Modified Ford Fusion test car containing four occupants hit by van jumping red light in Pittsburgh, less… Continue reading Ford-backed self-driving car in crash that sent two to hospital

Daimler’s car-sharing service: Car2go is growing fast

car2go Daimler’s car-sharing service was used 24 million times last year. (Photo: Reuters) The car-sharing provider Car2go from the DaimlerGroup has seen strong growth in customer numbers over the past year. With 2.97 million customers 30 percent more users were registered with the company than the year before, said Car2go on Thursday in Stuttgart. As… Continue reading Daimler’s car-sharing service: Car2go is growing fast

JCB Group acquires Hidsons to expand with new franchise partners

JCB Group has added Kia, Citroen, Mitsubishi and SsangYong to its list of franchise partners with the acquisition of the family-owned Hidsons Group. The acquisition of the £45 million turnover (2016) Hidsons Group’s operation in North Kent was hailed as “a perfect fit, both culturally and geographically” and add a further six dealerships to the group… Continue reading JCB Group acquires Hidsons to expand with new franchise partners

Daimler invests in what3words, an innovative address system to implement on Mercedes-Benz’s new infotainment system

Daimler AG is expanding cooperation with the start-up what3words. As part of the move, the company took part in a round of financing by what3words and acquired a share of around ten percent. In addition, Mercedes-Benz will be the first automobile manufacturer to integrate the new three-word address system and make it available to its… Continue reading Daimler invests in what3words, an innovative address system to implement on Mercedes-Benz’s new infotainment system

Grab, Uber’s rival in Southeast Asia, pulls in strategic investment from Hyundai

Grab, Uber’s closest rival in Southeast Asia, continues to slowly release information about its newest funding round after it revealed it has netted a strategic investment from Hyundai. To recap, the Singapore-based firm raised a massive $2 billion led by SoftBank and China’s Didi Chuxing last July with plans to extend the round by a… Continue reading Grab, Uber’s rival in Southeast Asia, pulls in strategic investment from Hyundai

Nissan and NASA extend research into autonomous mobility services

Update to research agreement will help Nissan develop the technology for prototype transportation services LAS VEGAS – Today at CES 2018, Nissan North America, Inc., the U.S.-based subsidiary of Nissan Motor Co. Ltd., announced an agreement with NASA Ames Research Center in California’s Silicon Valley to collaborate on research and technology development for future autonomous… Continue reading Nissan and NASA extend research into autonomous mobility services