Volkswagen versucht einen Neubeginn in den USA. Wie am Mittwoch aus Konzernkreisen verlautete, will der Wolfsburger Autohersteller mit einer weiteren Fahrzeugmarke in Nordamerika antreten. Unter dem Markennamen „Scout“ wird der VW-Konzern in einigen Jahren elektrische Pick-ups und geländegängige SUVs anbieten. Der Aufsichtsrat hat diese Ausweitung des US-Geschäfts am Abend freigegeben.„Scout“ soll eine wesentliche Rolle bei… Continue reading German Handelsblatt: Auto industry: New VW brand “Scout” is to stand up to GM and Ford in the USA004295
Tag: M and A
Grupo Antolin commits to Open Innovation
Today, the international situation brings new factors that add more and more uncertainty and make market forecasting very difficult. Faced with a reality that seems to be getting more complicated by the minute, now more than ever, innovation must be the lever with which to boost our competitiveness in order to develop new products that… Continue reading Grupo Antolin commits to Open Innovation
Vietnam’s Vinfast says IPO may be delayed to 2023 due to market uncertainty …
The chairman of Vietnam’s Vingroup conglomerate said on Wednesday that an initial public offering (IPO) for the company’s auto unit, VinFast, may be delayed until next year due to market uncertainty. The IPO is currently slated for the fourth quarter of this year. Vingroup Chairman Pham Nhat Vuong also told the company’s annual general meeting the… Continue reading Vietnam’s Vinfast says IPO may be delayed to 2023 due to market uncertainty …
Senmiao Technology Announces Ride-Hailing Platform Operating Metrics for April 2022
CHENGDU, China, May 11, 2022 /PRNewswire/ — Senmiao Technology Limited (“Senmiao” or the “Company”) (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China, as well as an operator of its own online ride-hailing platform, today announced the operating metrics for its proprietary online ride-hailing platform for the month of… Continue reading Senmiao Technology Announces Ride-Hailing Platform Operating Metrics for April 2022
German Handelsblatt: Stellantis: Opel gets a new boss – Huettl follows Hochgeschurtz004290
Opel boss Uwe Hochschurtz After less than a year, the manager is to take on a new position in the Stellantis group. Opel is getting a new boss again. Florian Huettl, the previous head of sales and marketing at the Hessian car manufacturer, is to take over the management of the traditional company on June… Continue reading German Handelsblatt: Stellantis: Opel gets a new boss – Huettl follows Hochgeschurtz004290
@Geely: Geely Automobile Holdings to Acquire 34.02% of the Shares of Renault Korea Motors
Geely Automobile Holdings (Geely Auto, stock code on SEHK: 0175) and Renault Group have reached an agreement into which Geely Auto will subscribe for 34.02% of the shares in Renault Korea Motors (RKM) through a capital increase mechanism. The deal will be subject to the approvals by relevant authorities. This will enhance the collaboration between… Continue reading @Geely: Geely Automobile Holdings to Acquire 34.02% of the Shares of Renault Korea Motors
16:30 ETDana and Lion Electric Co. Announce Long-term Agreement for Electrified SystemsDana Incorporated (NYSE: DAN) announced today that it has confi…
MAUMEE, Ohio, May 10, 2022 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today that it has confirmed its strategic supply relationship with current OEM partner Lion Electric Co. to support its line-up of electric buses as well as medium- and heavy-duty trucks. The strategic relationship covers the supply of the electric drive systems, including electric motors,… Continue reading 16:30 ETDana and Lion Electric Co. Announce Long-term Agreement for Electrified SystemsDana Incorporated (NYSE: DAN) announced today that it has confi…
Canoo warns it may not have enough funds to bring EVs to market
Canoo’s first-quarter earnings shows a company burning through cash, no near-term revenue and a warning that it may not have enough money to stay in business. Shares of Canoo, which were down 5% Tuesday, fell another 17.5% in after-market trading following the release of its earnings. It has since recovered and is now down more… Continue reading Canoo warns it may not have enough funds to bring EVs to market
@GM: General Motors and Red Hat Collaborate to Trailblaze the Future of Software-Defined Vehicles
General Motors and Red Hat Collaborate to Trailblaze the Future of Software-Defined Vehicles Industry leaders intend to redefine the transportation landscape with a continuous functional-safety certified, Linux-based in-vehicle operating system 2022-05-10 BOSTON AND DETROIT, RED HAT SUMMIT – General Motors (NYSE:GM) and Red Hat Inc., the world’s leading provider of open source solutions, today announced… Continue reading @GM: General Motors and Red Hat Collaborate to Trailblaze the Future of Software-Defined Vehicles
EV startup Canoo is running out of cash and doubtful about its future
Canoo, the struggling electric vehicle startup, thinks it’s about to run out of money. In stark terms, the company reports that it only has enough cash to last another quarter and is unsure whether it will be able to stay afloat beyond that. “As of the date of this announcement, we are reporting that there… Continue reading EV startup Canoo is running out of cash and doubtful about its future