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
Tag: Financial Results
Self-driving startup AutoX closes Series pre-B round to expand footprint in China
Autonomous driving startup AutoX has raised tens of millions of U.S. dollars in a Series pre-B round of financing to expand its footprint in the Chinese market, the company confirmed to DealStreetAsia. The development was first reported by 36Kr. The investment was led by a Shenzhen-based investment fund manager, whose name can be directly translated… Continue reading Self-driving startup AutoX closes Series pre-B round to expand footprint in China
Next-gen Range Rover Sport to be make-or-break model
For plug-in and hybrid models, power to the rear wheels will be provided by an electric motor. On the road its torque-vectoring capabilities will greatly improve agility, while off road the ability to finely feed torque to the rear wheels also promises another step-change in capability. While the 2021 Range Rover is said to get… Continue reading Next-gen Range Rover Sport to be make-or-break model
Uber’s vending machines didn’t work, so now cars are moving billboards – Mashable
Well that didn’t work.Image: cargo By Sasha Lekach2020-01-18 19:13:42 UTC The convenience of grabbing a pair of earbuds or a late-night bag of chips from within your Uber ride has worn off. In-car vending machines — as the snack boxes from companies like Cargo and Vendy were called — in your Uber or Lyft have… Continue reading Uber’s vending machines didn’t work, so now cars are moving billboards – Mashable
The fire speech by VW boss Herbert Diess in the wording: “Volkswagen is in the middle of a storm”
Ronny Hartmann / dpa VW CEO Herbert Diess, the conversion of Volkswagen is going too slowly VW executives should shake these words: At the “Global Board Meeting” of the VolkswagenGroup on January 16, 2020, CEO Herbert Diess warned that the automaker would lack “speed and courage” for “radical change of direction”. Volkswagen, so Diess, must… Continue reading The fire speech by VW boss Herbert Diess in the wording: “Volkswagen is in the middle of a storm”
Ulrich Selzer: Opel exchanges Germany boss after only ten months
Ulrich Selzer Was only appointed head of Opel in Germany in February 2019. (Photo: Opel press photo) Munich Three things are for Opel-Boss Michael Lohscheller crucial in sales: customer satisfaction, Market share and profit. “If you can’t do that, you’re not in the right position,” the manager told Handelsblatt in the middle of last year,… Continue reading Ulrich Selzer: Opel exchanges Germany boss after only ten months
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
Car company in transition: VW boss Diess: “If we continue at our current pace, it will be very tight”
VW CEO Herbert Diess The car manager appeals to its managers to face up to change. (Photo: AP) Berlin / Wolfsburg VW-Boss Herbert Diess is considered a man of quiet tones. All the more remarkable is the flaming appeal with which Diess swore his managers in a strategy speech on Thursday. This warned the managers… Continue reading Car company in transition: VW boss Diess: “If we continue at our current pace, it will be very tight”
Bolt raises €50M in venture debt from the EU to expand its ride-hailing business
Bolt, the billion-dollar startup out of Estonia that’s building a ride-hailing, scooter and food delivery business across Europe and Africa, has picked up a tranche of funding in its bid to take on Uber and the rest in the world of on-demand transportation. The company has picked up €50 million (about $56 million) from the European… Continue reading Bolt raises €50M in venture debt from the EU to expand its ride-hailing business
Vertu Motors acquires four Sytner Group Volkswagen dealerships
Vertu Motors has added to the recent flurry of acquisitions and disposals within the Volkswagen retail network with the £8.8 million acquisition of four dealerships from Sytner Group. AM highlighted in this month’s magazine that a total of 10 VW dealerships changed hands during the last two months of 2019, with Sytner cutting its Volkswagen… Continue reading Vertu Motors acquires four Sytner Group Volkswagen dealerships