By Reuters Staff 1 Min Read FILE PHOTO: WM Motor’s founder and CEO Freeman Shen and Vice President of Strategic Planning, Lobo Lu attend the WM Motor brand launch event in Shanghai, China, December 11, 2017. REUTERS/Aly Song BEIJING (Reuters) – Baidu-backed BIDU.O Chinese electric vehicle (EV) startup WM Motor said on Tuesday it has… Continue reading Baidu-backed Chinese EV startup WM Motor raises $1.5 billion
Tag: Strategy
Bosch Motorsport is exclusive hybrid powertrain supplier for the new LMDh category
Mobility Solutions is the largest Bosch Group business sector. It generated sales of 46.8 billion euros in 2019, and thus contributed 60 percent of total sales from operations. This makes the Bosch Group one of the leading automotive suppliers. The Mobility Solutions business sector pursues a vision of mobility that is safe, sustainable, and exciting,… Continue reading Bosch Motorsport is exclusive hybrid powertrain supplier for the new LMDh category
Schaeffler joins forces with Bosch to expand intelligent rear wheel steering portfolio
Schaeffler’s rear wheel steering unit boasts high efficiency and low weight. Global automotive and industrial supplier Schaeffler is embarking on a development partnership with Robert Bosch Automotive Steering GmbH to expand its intelligent Rear Wheel Steering (iRWS) portfolio. The aim of the partnership is to grow the market by offering integrated solutions for Rear Wheel… Continue reading Schaeffler joins forces with Bosch to expand intelligent rear wheel steering portfolio
Europa Press: Nikola co-founder resigns as company president following fraud allegations000416
MADRID, 21 Sep. (EUROPA PRESS) – The co-founder of the electric vehicle manufacturer Nikola Trevor Milton has presented his resignation on Monday as executive president of the company, according to the company, which has decided to appoint Stephen Girsky, former vice president of General Motors and a director of Nikola as chairman of the board… Continue reading Europa Press: Nikola co-founder resigns as company president following fraud allegations000416
@niche: Nikola Board of Directors Announces Leadership Transition000107
PHOENIX, September 20, 2020 — Nikola Corporation (NASDAQ: NKLA) today announced that Trevor Milton approached the Board of Directors and proposed to voluntarily step aside as Executive Chairman and from the Board. The Board accepted his proposal, and Stephen Girsky, former Vice Chairman of General Motors Co. and a member of Nikola’s Board, has been… Continue reading @niche: Nikola Board of Directors Announces Leadership Transition000107
Schaeffler steps up its involvement in Rear Wheel Steering
Development partnership to expand the intelligent Rear Wheel Steering (iRWS) portfolio: Dr. Keiwan Kashi, President Business Unit Mechatronic Systems at Schaeffler and Dr. Stefan Waschul, Head of passenger car steering systems at Robert Bosch Automotive Steering while signing the contract. 2020-09-21 | Herzogenaurach/Schwäbisch Gmünd New development partnership with Bosch Automotive Steering Intelligent mechatronic Rear Wheel… Continue reading Schaeffler steps up its involvement in Rear Wheel Steering
Bridgestone Is Said to Weigh Firestone Building Products Sale
(Bloomberg) — Bridgestone Corp., the Japanese industrial conglomerate, is considering a sale of its Firestone Building Products for about $2.5 billion, according to people with knowledge of the matter. The company has hired an adviser to explore strategic options for the business, said the people, who asked not to be identified because they weren’t authorized… Continue reading Bridgestone Is Said to Weigh Firestone Building Products Sale
“We want transition, not decline”
And now Mahle too. What Continental, Schaeffler and many other suppliers The Stuttgart-based auto supplier now also wants to pull through: He wants to tighten its austerity program. The bottom line is that the company wants to cut 7,600 jobs worldwide, around 2,000 of them in Germany. “We are dealing with a crisis that we… Continue reading “We want transition, not decline”
Bugatti, towards the sale to Rimac by Volkswagen
THE REASSETTING The Vw group ready to sell the historic supercar brand The Vw group ready to sell the historic supercar brand 18 September 2020 1 ‘of reading According to rumors reported by the German magazine Manager Magazin, the Volkswagen group is discussing the sale of Bugatti to the Croatian Rimac within this year. Indiscretions… Continue reading Bugatti, towards the sale to Rimac by Volkswagen
In-Charge Energy to provide charging infrastructure for Navistar’s EV customers
NEXT eMobility Solutions, a business unit of Navistar International (NYSE: NAV), has signed a master services agreement with Los Angeles-based In-Charge Energy to provide charging infrastructure and consulting services to Navistar and its EV customers. As fleet operators electrify, they are learning that purchasing EVs is just the beginning of the process—they slso need to… Continue reading In-Charge Energy to provide charging infrastructure for Navistar’s EV customers