2022 GMC Hummer EV sport utility truck “Edition 1” GM DETROIT – General Motors does not plan to offer buyouts to GMC dealers like it has for franchise owners of its Cadillac brand who don’t want to invest in stores to sell all-electric vehicles. Duncan Aldred, vice president of GMC, said the brand is executing… Continue reading General Motors will not offer buyouts to GMC dealers who don’t want to sell Hummer EVs
Tag: Strategy
@VW Group: Volkswagen inaugurates R&D center for e-mobility in China
Anhui province is to be transformed into a new center of competence and e-mobility hub for the Volkswagen Group in China. As a first step, today saw the inauguration of a new Research & Development center at the company’s facilities in Hefei. At the same time, the joint venture JAC Volkswagen was renamed as Volkswagen… Continue reading @VW Group: Volkswagen inaugurates R&D center for e-mobility in China
Aurora is Acquiring Uber’s Self-Driving Unit, Advanced Technologies Group, Accelerating Development of the Aurora Driver
Through a strategic partnership with Uber, Aurora paves a path for delivering the Aurora Driver broadly PITTSBURGH–(BUSINESS WIRE)–Aurora, the self-driving car company, announced today that they are acquiring Uber Technologies Inc.’s (NYSE: UBER) self-driving unit, Advanced Technologies Group (Uber ATG). ATG’s team and technology will accelerate Aurora’s mission and the delivery of our first product… Continue reading Aurora is Acquiring Uber’s Self-Driving Unit, Advanced Technologies Group, Accelerating Development of the Aurora Driver
Tesla retreats from record highs after announcing share sale of up to $5 billion (TSLA)
Odd Andersen/AFP via Getty Images Tesla retreated from record all-time-highs on Tuesday after the electric vehicle manufacturer announced a $5 billion “at-the-market” share offering. The “at-the-market” offering allows Tesla to sell up to $5 billion worth of stock directly into the public markets at its discretion, taking advantage of potential price swings on specific days. … Continue reading Tesla retreats from record highs after announcing share sale of up to $5 billion (TSLA)
Valmet Automotive expands Uusikaupunki car plant into battery factory
New battery production at the vehicle production site Second high-volume battery plant beside Salo Start of high-voltage battery assembly in Uusikaupunki in the latter half of 2021. In the future, Valmet Automotive’s car plant will not only produce passenger cars, but also will install high-volume production of battery systems for electrically powered vehicles. Beside Salo,… Continue reading Valmet Automotive expands Uusikaupunki car plant into battery factory
@BMW: AWS and BMW Group Team Up to Accelerate Data-Driven Innovation.000803
Munich. Today, Amazon Web Services (AWS) and the BMW Group announced a comprehensive strategic collaboration. The goal of the collaboration is to further accelerate the BMW Group’s pace of innovation by placing data and analytics at the center of its decision-making. The companies will combine their strengths as industry leaders to jointly develop cloud-based IT… Continue reading @BMW: AWS and BMW Group Team Up to Accelerate Data-Driven Innovation.000803
Stationary fuel cell: Bosch plans to start full-scale production in 2024
About Energy and Building Technology The Energy and Building Technology business sector accounted for 4.6 billion euros, or roughly 9 percent, of total Bosch Group sales in 2014. It offers a wide range of products, solutions, and services for heating, hot water, ventilation, air conditioning, security, and building management, power generation, and energy storage. Bosch… Continue reading Stationary fuel cell: Bosch plans to start full-scale production in 2024
Uber sells self-driving unit Uber ATG in deal that will push Aurora’s valuation to $10B
Aurora Innovation, the autonomous vehicle startup backed by Sequoia Capital and Amazon, has reached an agreement with Uber to buy the ride-hailing firm’s self-driving unit in a complex deal that will value the combined company at $10 billion. Aurora is not paying cash for Uber ATG, a company that was valued at $7.25 billion following… Continue reading Uber sells self-driving unit Uber ATG in deal that will push Aurora’s valuation to $10B
Vertu buys BMW and MINI dealerships from Inchcape
Vertu Motors has bought BMW and MINI dealerships located in York, Sunderland, Teesside, Durham and Malton from Inchcape. The £18.7m deal also included a BMW Motorrad motorcycle operation in Sunderland and a used car operation located in York. The assets acquired include £16m of freehold and long leasehold properties and a payment in respect of… Continue reading Vertu buys BMW and MINI dealerships from Inchcape
@Toyota: Toyota Makes its Leading-Edge Fuel Cell Technology Available to Commercial Partners to Accelerate the Hydrogen Society
With fast-expanding interest and investment in hydrogen fuel cell technology, low carbon benefits can be realised in a wide range of applications Toyota establishes new European Fuel Cell Business Group to support and stimulate this growth with like-minded partners The company’s fuel cell technology is evolving rapidly in terms of capability, lower costs and convenient… Continue reading @Toyota: Toyota Makes its Leading-Edge Fuel Cell Technology Available to Commercial Partners to Accelerate the Hydrogen Society