Tag: M and A

LG AND HONEYWELL DEMO AUTOMOTIVE CYBERSECURITY SOLUTION

Technology Leaders Working Together on Detection, Protection and Reporting Software PLYMOUTH, MICH. and SEOUL, Jan. 31, 2018 — Honeywell (NYSE: HON) and LG Electronics Inc. (KSE: KRX) signed a memorandum of understanding to develop a unique automotive software technology and infrastructure solution to address threats associated with the increase in vehicle connectivity technology. The two… Continue reading LG AND HONEYWELL DEMO AUTOMOTIVE CYBERSECURITY SOLUTION

CEO of Ford’s China operation resigns

Jason Luo (Photo: Ford Motor Company) The chairman and CEO of Ford Motor Co.’s Chinese operations resigned Monday, less than six months after taking over there. Jason Luo resigned for unspecified “personal reasons that predate his time at Ford,” according to Peter Fleet, Ford’s president of the Asia Pacific region. Fleet will take on Luo’s… Continue reading CEO of Ford’s China operation resigns

FCA US LLC Set to Deliver Thousands of Chrysler Pacifica Hybrid Minivans to Waymo’s Self-driving Service

AUBURN HILLS, Mich., Jan. 30, 2018 /PRNewswire/ — Expanded delivery of vehicles signifies commitment to support the launch of the world’s first driverless ride-hailing service Vehicle delivery begins in late 2018 with Pacifica Hybrid minivans to be deployed across multiple U.S. cities FCA US LLC announced today an agreement to supply thousands of Chrysler Pacifica… Continue reading FCA US LLC Set to Deliver Thousands of Chrysler Pacifica Hybrid Minivans to Waymo’s Self-driving Service

Maruti to start manufacturing budget electric vehicle on its own – Times of India

NEW DELHI: India’s largest carmaker Maruti Suzuki will start making its first affordable electric vehicle (EV) by 2020 based on technology from parent Suzuki Motor, ahead of products developed in partnership with Toyota.The company and its parent are focusing on in-house capabilities but are also looking for partners to put in place the ecosystem for… Continue reading Maruti to start manufacturing budget electric vehicle on its own – Times of India

Nissan production, sales and exports for December 2017 and CY 2017

YOKOHAMA, Japan (Jan. 30, 2018) – Nissan Motor Co., Ltd. today announced production, sales and export figures for December 2017 and calendar year 2017. “2017 was our best-ever year for global sales and production,” said Executive Vice President Daniele Schillaci, global head of marketing and sales. “The Rogue series set an annual sales record in… Continue reading Nissan production, sales and exports for December 2017 and CY 2017

Gérard Détourbet Is Renault’s Master of Cutting Corners

Six years ago, after more than four decades with Renault SA, Gérard Détourbet decided he was done. He was in Chennai, leading a group of engineers from Renault and its strategic partner, Nissan Motor Co., in an attempt to create a low-cost vehicle for the Indian market, when some of his employees left his team… Continue reading Gérard Détourbet Is Renault’s Master of Cutting Corners

Ford China CEO shocks investors with resignation; company officials focus on future

CLOSE We sit down with Jim Hackett, Ford Motor Company’s new CEO, to talk about his new position and the company’s future. Kimberly P. Mitchell/Detroit Free Press Ford China CEO and chairman Jason Luo, who began his job just a few months ago, has resigned. (Photo: Key Safety Systems) Ford China CEO and chairman Jason… Continue reading Ford China CEO shocks investors with resignation; company officials focus on future

Group 1 Automotive Acquires Two Additional Dealerships in El Paso, Texas

HOUSTON, Jan. 29, 2018 /PRNewswire/ — Group 1 Automotive, Inc. (NYSE: GPI), (“Group 1” or the “Company”), an international, Fortune 500 automotive retailer, today announced the expansion of its business presence in the El Paso, Texas market with the acquisition of two new dealerships. The dealerships are Audi El Paso and Subaru El Paso, and are expected to generate approximately… Continue reading Group 1 Automotive Acquires Two Additional Dealerships in El Paso, Texas

BMW takes full ownership of DriveNow’s car sharing service (updated)

BMW has been synonymous with DriveNow’s car sharing service for several years, and today it’s cementing that commitmen. The German auto brand has taken full ownership of DriveNow by acquiring Sixt’s stake in the company. This gives BMW “all options” for mobility services in the future — it’s free to take the tech-savvy rental platform… Continue reading BMW takes full ownership of DriveNow’s car sharing service (updated)