Former UAW Vice President Joe Ashton (Photo: General Motors Co.) The United Auto Workers’ retiree health care trust intends to sell 40 million of its shares in General Motors Co., imperiling the trust’s ability to replace retired UAW Vice President Joe Ashton on the automaker’s board of directors. The UAW Retiree Medical Benefits Trust —… Continue reading UAW trust move puts GM board seat at risk
Tag: M and A
APOLLO IE: THE NEXT CHAPTER IS COMING SOON
PRESS RELEASE 7.10.2017 THE NEXT CHAPTER IS COMING SOON PRESS RELEASE 10 July 2017, Torino, Italy: After months of pure dedication, Apollo Automobil Ltd. is happy to announce that its partnership with Manifattura Automobili Torino (MAT) has yielded the Apollo IE, a revolutionary hyper-car co-developed by the two. The Apollo IE will be presented… Continue reading APOLLO IE: THE NEXT CHAPTER IS COMING SOON
Geely Held Informal Talks With Fiat Chrysler Before Daimler Deal
Zhejiang Geely Holding Group Co. held informal talks about the potential takeover of Fiat Chrysler Automobiles NV before the Chinese manufacturer turned its attention toward Daimler AG, according to people familiar with the matter. Li Shufu, the Chinese billionaire who controls Geely, approached the Italian-American carmaker in the middle of last year as he was… Continue reading Geely Held Informal Talks With Fiat Chrysler Before Daimler Deal
FleetUp Announces New Chief Executive Officer and Raises $20 Million in Funding
MILPITAS, Calif., Feb. 27, 2018 /PRNewswire/ — FleetUp, the premier provider of ELD/HOS compliance solutions for intelligent fleet management, today announced the completion of $20 million in funding led by HUMAX (KOSDAQ listed $1.5B Revenue). In a strategic effort to drive FleetUp’s aggressive business expansion, HUMAX placed its corporate chief strategy officer and president of HUMAX Americas… Continue reading FleetUp Announces New Chief Executive Officer and Raises $20 Million in Funding
Domino’s® and Ford Begin Second Round of Self-Driving Delivery Vehicle Testing in Miami
ANN ARBOR, Mich., Feb. 27, 2018 /PRNewswire/ — Domino’s Pizza (NYSE: DPZ), the recognized world leader in pizza delivery and digital ordering platforms, is now conducting a second round of self-driving delivery vehicle testing, with a focus on the customer experience. This two-month test in Miami, in partnership with Ford, will leverage the learnings of… Continue reading Domino’s® and Ford Begin Second Round of Self-Driving Delivery Vehicle Testing in Miami
Creating Driving Tests for Self-Driving Cars
Illustration: Jude Buffum At a test track east of Gothenburg, Sweden, people are ushered into autonomous vehicles for a test drive. But there’s a twist: The vehicles aren’t actually autonomous—there’s a hidden driver in the back—and the people are participating in an experiment to discover how they’ll behave when the car is chauffeuring them around. At Zenuity—a… Continue reading Creating Driving Tests for Self-Driving Cars
This is what happened around the world in Urban Mobility
This is what happened around the world in Urban Mobility Welcome to the weekly news roundup by Splyt, the place where you can find the most important news in the Urban Mobility space. This week, we have divided the headlines geographically. We hope you enjoy the read! MENASA: Careem, Moovit Following the trend of ride-hailing platforms offering… Continue reading This is what happened around the world in Urban Mobility
CEO of Geely-owned Volvo Cars loses board seat at truck maker after Li Shufu buys Daimler stake
Swedish truck maker AB Volvo dropped the chief executive of Volvo Cars from its board after Chinese billionaire Li Shufu, founder and chairman of Zhejiang Geely Holding Group, bought a 9.7 per cent stake in German car manufacturer Daimler. The move is the latest sign that the global auto industry is ratcheting up pressure on… Continue reading CEO of Geely-owned Volvo Cars loses board seat at truck maker after Li Shufu buys Daimler stake
Pony.ai Launches Autonomous Vehicle Fleet in China, Announces Strategic Partnership with Top OEM Guangzhou Automobile Group
FREMONT, Calif., Feb. 27, 2018 /PRNewswire/ — Earlier this month, Pony.ai held a special event in China during which it launched its autonomous ride-sharing fleet, becoming the first company to offer self-driving car rides on city roads to the general public in China. Event attendees were able to experience Pony.ai’s fully self-driving cars on a 2.8km… Continue reading Pony.ai Launches Autonomous Vehicle Fleet in China, Announces Strategic Partnership with Top OEM Guangzhou Automobile Group
Bharat Forge exits JV with GE
Bharat Forge divests 26% from ABFP to GE Bharat Forge has completed its divestment from the former joint venture with French multinational Alstom. The Indian component major announced completion of the sale of balance equity of 26 percent in the power equipment JV to GE. With this, the company has completed the divestment of its shareholding in Alstom… Continue reading Bharat Forge exits JV with GE