Tag: M and A

Gestamp signs a Joint Venture agreement with BHAP (BAIC Group) in China

1.25.2018 Gestamp, the multinational company specialized in the design, development and manufacture of highly engineered metal components for the automotive industry, reinforces its presence in China by signing a strategic Joint Venture (JV) Agreement. Gestamp has signed a JV Agreement with Beijing Hainachuan Automotive Parts Co. Ltd. (BHAP), a Chinese company specialized in auto components,… Continue reading Gestamp signs a Joint Venture agreement with BHAP (BAIC Group) in China

Mobike said to have raised $1b after failed merger talks with rival Ofo

January 25, 2018 Bike-sharing startup Mobike has stuffed its coffers with additional funds that it can use to further gain control of the booming bike-sharing sector, after talks of a merger with key rival Ofo were abandoned. A Caixin Global report said the dockless Shanghai-headquartered bike-sharing company secured close to $1 billion in its latest… Continue reading Mobike said to have raised $1b after failed merger talks with rival Ofo

Via revolutionizes transportation in Australia with on-demand shared rides

Published January 14, 2018 4:53 pm, Via NYC Via revolutionizes transportation in Australia with on-demand shared rides Via, the leading developer of shared ride technology, is launching a new app-based on demand service in Newcastle, Australia, in partnership with Keolis Downer, proud operator of Newcastle Transport. The new service is a first of its kind… Continue reading Via revolutionizes transportation in Australia with on-demand shared rides

Ford Realigns Mobility Group; Acquiring Autonomic, TransLoc to Accelerate Growth

The Ford Mobility team is accelerating and expanding its activities in 2018 to deliver a broad suite of mobility products and services to personal vehicle owners, fleet owners and cities globally Ford is enabling an increase in speed and scale through four newly established, integrated teams that will deliver new business innovation, business scaling and… Continue reading Ford Realigns Mobility Group; Acquiring Autonomic, TransLoc to Accelerate Growth

ZF Friedrichshafen picks Mahle CEO as new chief

Scheider is currently the CEO of auto parts supplier Mahle. Automotive supplier ZF Friedrichshafen has picked Wolf-Henning Scheider as its new chief executive, online publication manager-magazin.de reported on Thursday, citing no sources. Scheider will replace Stefan Sommer, who stepped down with immediate effect last month, the online outlet of monthly said. Scheider is currently the… Continue reading ZF Friedrichshafen picks Mahle CEO as new chief

Auto parts supplier: Scheider to become new boss at ZF Friedrichshafen

Wolf-Henning Scheider At Mahle, Scheider pushed ahead with the transformation towards electromobility. His expertise is needed at ZF Friedrichshafen. (Photo: AP) Mahle boss Wolf-Henning Scheider (55) is the favorite on the vacant executive chair at ZF Friedrichshafen. An official confirmation of the company does not exist yet. According to information from industry circles Scheider but… Continue reading Auto parts supplier: Scheider to become new boss at ZF Friedrichshafen

Gestamp agrees with BHAP to form a joint venture in China

Posted 1/25/2018 11:37:05 PM MADRID, Jan. 25 (EUROPA PRESS) – The Spanish manufacturer of components for automobiles Gestamp has reached an agreement for the formation of a ‘joint venture’ in China with the local company Beijing Hainachuan Automotive Parts (BHAP), subsidiary of automotive components of the Beijing Automotive Industry Group (BAIC). According to the company… Continue reading Gestamp agrees with BHAP to form a joint venture in China

SK Holdings, SoCar launch car-sharing business in Malaysia

SEOUL, Jan. 25 (Yonhap) — SK Holdings, the holding firm of South Korean energy and telecom conglomerate SK Group, said Thursday it has launched a car-sharing business in Malaysia by joining hands with South Korea’s No. 1 car-sharing startup SoCar. SoCar Malaysia — a joint venture between SK Holdings and SoCar — kicked off its… Continue reading SK Holdings, SoCar launch car-sharing business in Malaysia

National rules drafted for autonomous cars

A self-driving car demonstrates how it can steer clear of a cyclist in Xi’an, capital of Shaanxi province, last month.[Photo by Zhang Jie/for China Daily] The nation has completed the first draft of nationwide regulations for road tests of internet-connected vehicles and self-driving cars, as part of the broad push to gain a lead in… Continue reading National rules drafted for autonomous cars