South Korea’s SsangYong Motor has picked a manager to sell a stake held by India’s Mahindra and Mahindra, a spokesman at SsangYong said on Friday. SsangYong is looking for a new investor and has picked Samsung Securities, which is working with its global strategic partner Rothschild, to tap the market for interest, South Korean media reported earlier on Friday. The spokesman declined to name the adviser. Samsung Securities declined… Continue reading S Korea’s SsangYong Motor picks manager to sell Mahindra’s stake in India
Tag: Strategy
GM board member becoming familiar name for the wrong reasons
CLOSE Six ex-eBay employers have been charged over a systematic campaign to harass a couple sending them live cockroaches and spiders, and a bloody pig mask. Veuer’s Justin Kircher has more. Buzz60 On General Motors’ recommendation, shareholders on Tuesday reelected to the board of directors controversial figure Devin Wenig. Wenig, the former CEO of eBay Inc.,… Continue reading GM board member becoming familiar name for the wrong reasons
TomTom and Delphi Technologies Deliver Exceptional 10-Percent Plus Fuel Saving for Passenger Cars
Outstanding savings achieved during public road tests in real-world conditions with little-or-no impact on drive times, preferred routes or driving experience. Amsterdam, Netherlands, 18 June 2020 – TomTom (TOM2), the location technology specialist, and Delphi Technologies PLC (DLPH), the pioneers in propulsion technologies, today announced that real-world drive tests of Delphi Technologies’ advanced driver assistance… Continue reading TomTom and Delphi Technologies Deliver Exceptional 10-Percent Plus Fuel Saving for Passenger Cars
Exclusive: EU must engage in lithium standards or lose to China, EU’s Breton says
BRUSSELS (Reuters) – EU industry chief Thierry Breton has urged EU governments to be more active in setting global standards for ultralight battery metal lithium, key to many strategic industries and electric cars, or cede technological advantage to China. FILE PHOTO: European Union Internal Market Commissioner Thierry Breton holds a video news conference, to present… Continue reading Exclusive: EU must engage in lithium standards or lose to China, EU’s Breton says
@Daimler: 18. Jun 2020Green Finance Framework marks the next milestone of Daimler’s sustainable business strategy
Green Finance Framework lays foundation for a broad range of sustainable finance instruments such as green bonds and green loans Daimler meets the increasing investor demand for sustainable investments and opens an additional funding source for Daimler’s sustainable business strategy Green finance instruments allow investors to invest in green projects like the development and production… Continue reading @Daimler: 18. Jun 2020Green Finance Framework marks the next milestone of Daimler’s sustainable business strategy
Lordstown Endurance Electric Pickup Truck Will Debut On June 25
Lordstown Motors And Hydra Design Labs Partner To Develop Endurance EV Pickup Growing electric vehicle OEM located in the heart of Ohio’s “Voltage Valley” bolsters its commitment to U.S. automotive manufacturing by contracting American design firm to collaborate on development of its new Endurance™ fully-electric pickup truck. LORDSTOWN, Ohio, June 16, 2020 /PRNewswire/ — The… Continue reading Lordstown Endurance Electric Pickup Truck Will Debut On June 25
Finland’s Kempower scouts for partners for EV charging eco-system in India
With the electric vehicle (EV) space gradually seeing more action in terms of new product announcements, new investments and governmental focus, there are number of companies, both Indian and global, aiming to be a part of the EV eco-system in India. Finland’s Kempower Oy is one of them. The company, which has 70 years of… Continue reading Finland’s Kempower scouts for partners for EV charging eco-system in India
PSA / FCA: what remedies to get the green light from Brussels?
Carlos Tavares, Chairman of the PSA Management Board, repeatedly affirmed : the project to merge the French carmaker with Fiat Chrysler (FCA) is highly strategic, and the two groups are ready to make “all the concessions necessary” to obtain the precious sesame of Brussels. Now that the Commission has announced the initiation of a full… Continue reading PSA / FCA: what remedies to get the green light from Brussels?
Lyft To Switch To 100% Electric Cars By 2030
Leading the Transition to Zero Emissions: Our Commitment to 100% Electric Vehicles by 2030 The year 2020 will go down in history as an inflection point for humankind. The challenges we face today, from the global climate crisis that is ravaging our planet, to the global pandemic that is ravaging our lives, to the global… Continue reading Lyft To Switch To 100% Electric Cars By 2030
Geek+ announces final closing of over USD$200 million Series C funding round
BEIJING, June 17, 2020 /PRNewswire/ — Geek+, a global provider of advanced robotics for logistics, announces it closed its Series C funding round at over USD $200 million in early 2020. Geek+ continues to lead the industry with the largest fundraising to date, following a USD $150 million B series in November 2018, already the… Continue reading Geek+ announces final closing of over USD$200 million Series C funding round