Berlin – Germany’s Transport Ministry has criticized a stunt that saw a Czech millionaire drive his high-powered sportscar along a public highway at speeds of up to 414 kilometers per hour (257 mph). A video posted online this month shows Radim Passer pushing his Bugatti Chiron to extreme speeds on a stretch of Germany’s A2… Continue reading Germany criticizes Czech tycoon’s 257 mph Autobahn ride
Tag: M and A
@Toyota: Toyota Gazoo Racing North America Expands Motorsports Footprint to NHRA
TGRNA Set to Support NHRA, Formula DRIFT and GT4 in 2022 PLANO, Texas (Jan. 19, 2022) – Toyota NHRA, Formula DRIFT and GT4 series drivers will compete under the Toyota Gazoo Racing North America (TGRNA) banner beginning with the 2022 racing season. TGRNA will serve as the North American arm for Toyota’s global motorsports division,… Continue reading @Toyota: Toyota Gazoo Racing North America Expands Motorsports Footprint to NHRA
Premium auto dealership chain Landmark files papers for Rs 762 crore IPO
The IPO also includes a reservation for subscription by eligible employees. Proceeds from its fresh issuance worth Rs 120 crore will be utilised for payment of debt and general corporate purposes. New Delhi: Automobile dealership chain Landmark Cars Ltd has filed preliminary prospectus with capital markets regulator Sebi to raise Rs 762 crore through an… Continue reading Premium auto dealership chain Landmark files papers for Rs 762 crore IPO
Toyota Gazoo Racing North America Expands Motorsports Footprint to NHRA
“The opportunity to introduce TGR North America to the NHRA community in 2022 and continue the support in Formula DRIFT and GT4 competition is a big moment for everyone involved in Toyota’s overall motorsports program,” said Paul Doleshal, group manager, Motorsports and Assets for Toyota Motor North America. “The ability to showcase the GR family… Continue reading Toyota Gazoo Racing North America Expands Motorsports Footprint to NHRA
@FCA: Stellantis Celebrates First Anniversary, Speeds Transformation to Sustainable Mobility Tech Company
January 19, 2022 , Amsterdam – Born from the bold and visionary spirit of its founding companies, Stellantis N.V. was created to shape the future of mobility with innovative and sustainable solutions. Today, Stellantis marks its first anniversary with a review of the major milestones accomplished during the past 12 months. “Our industry is entering an… Continue reading @FCA: Stellantis Celebrates First Anniversary, Speeds Transformation to Sustainable Mobility Tech Company
@Honda: Honda Signs Joint Development Agreement with SES, a n EV Battery Research and Development Company
TOKYO, Japan, January 19, 2022 – Honda Motor Co., Ltd. today announced that, on December 4, 2021, the company signed a joint development agreement in the area of Lithium-Metal secondary batteries*1 with SES Holdings Pte. Ltd.(“SES”), a U.S. (Boston)-based EV battery research and development company. Moreover, SES plans to list on the New York Stock… Continue reading @Honda: Honda Signs Joint Development Agreement with SES, a n EV Battery Research and Development Company
L&T Technology Services bags USD 45 million deal from US-based automotive company
Chennai: L&T Technology Services (LTTS) said it had been awarded a deal during the third quarter worth USD45 million from a US-based automotive company while announcing its quarterly results on Tuesday. The company said it is set to be its customer’s strategic engineering partner and provide services for its electric vehicle (EV) product portfolio. In… Continue reading L&T Technology Services bags USD 45 million deal from US-based automotive company
Ford records $8.2 bln fourth-quarter gain from Rivian investment
The Ford logo is pictured at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany. REUTERS/Wolfgang Rattay/File Photo Register now for FREE unlimited access to Reuters.com Register Jan 18 (Reuters) – Ford Motor Co (F.N) said on Tuesday its fourth-quarter results would include an $8.2 billion gain on its investment in Rivian Automotive Inc (RIVN.O),… Continue reading Ford records $8.2 bln fourth-quarter gain from Rivian investment
@GM: General Motors Expands Digital Commerce with Launch of Online Parts Sales January 18, 2022
GM adds 45,000 readily available maintenance and repair parts for purchase onChevrolet.com and other brand websites Customers can choose home delivery or in-store pickup at participating dealers DETROIT – GM is launching a new online parts marketplace, making its catalog of 45,000 repair and maintenance parts more convenient for Chevrolet, GMC, Buick and Cadillac owners.… Continue reading @GM: General Motors Expands Digital Commerce with Launch of Online Parts Sales January 18, 2022
Volkswagen and Bosch set up JV to push European battery production
Volkswagen and Bosch have signed a memorandum of understanding to explore a joint venture dedicated to providing Europe with battery equipment solutions. The two companies aim to supply integrated battery production systems and on-site ramp-up and maintenance support for battery cell and system manufacturers, Volkswagen said. The JV is expected to help VW reach its… Continue reading Volkswagen and Bosch set up JV to push European battery production