All articles and backgrounds 02/13/2018 Tire manufacturer buys a fifth Michelin goes into workshop chain ATU DPA Already in French hands: Now there is next to the French Mobivia with the tire manufacturer Michelin a second French shareholder of the workshop chain ATU The French tire manufacturer Michelin Show stock market chart has invested one… Continue reading Tire manufacturer buys a fifth: Michelin goes into workshop chain ATU
Tag: M and A
Record Growth and Profit for Morgan Motor Company
Morgan Motor Company has today announced record profitability and growth as it continues to roll out a long-term strategy plan under the guidance of Chairman Dominic Riley, Managing Director Steve Morris and family shareholders – keeping up the positive momentum in the family owned business. Year-end financial reports released today announce record growth from the… Continue reading Record Growth and Profit for Morgan Motor Company
EV3 Project Update – December 2017
Morgan Motor Company has announced a technical partnership with industry leaders Frazer-Nash Energy Systems as the all-electric Morgan EV3 prepares for production in 2018. The EV3 extends Morgan’s truly unique offering. Industry leading, EV technology combines with a lightweight coach built body to offer an unparalleled mix of craftsmanship and technology. Inspired by 1930’s Aero-engine… Continue reading EV3 Project Update – December 2017
Financial information for the year ended December 31, 2017
2017 : Une nouvelle année de progrès, en ligne avec les objectifs 2020. Génération élevée de Cash flow libre structurel de 1,5 milliard d’€, Résultat opérationnel sur activités courantes de 2 742 millions d’€, en hausse de 145 millions d’€ à parités constantes, Résultat net en hausse à 1 693 millions d’€. 2018 : Poursuite du… Continue reading Financial information for the year ended December 31, 2017
Michael Jeffery buys Stirling of Hereford’s Suzuki dealership
Michael Jeffery, which trades as Ponthir Suzuki and Honda has bought Porch 2005’s Suzuki dealership trading as Stirling of Hereford for an undisclosed sum. This is its third Suzuki dealership. The group already represents the brand in Abergavenny and Caerleon in Newport. The company also represents Honda at the Caerleon site. Up until summer 2017,… Continue reading Michael Jeffery buys Stirling of Hereford’s Suzuki dealership
Stirling of Hereford acquired by Ponthir Suzuki and Honda
Stirling of Hereford has been acquired by Ponthir Suzuki and Honda following Motorline earlier acquisition of the group’s Hyundai dealership.
Aurora will power Byton EV’s autonomous driving features
Aurora, the self-driving startup founded by Google self-driving car project alum Chris Urmson, along with Tesla Autopilot developer Sterling Anderson, CMU robotics expert and Uber vet Drew Bagnell, and a team of industry experts, will be making the autonomous smarts for Byton’s forthcoming electric vehicle. Byton, a startup that had a splashy debut at CES… Continue reading Aurora will power Byton EV’s autonomous driving features
A $245 Million Settlement Has Brought the Waymo v. Uber Legal Battle to a Close
In Brief Uber has agreed to pay Waymo, Google’s autonomous vehicle company, $245 million in equity for stealing trade secrets. Uber also agreed not to use any of Waymo’s hardware or software ideas even though Google is now essentially an investor in Uber. Uber Pays for Stolen Secrets After spending nearly a week in the… Continue reading A $245 Million Settlement Has Brought the Waymo v. Uber Legal Battle to a Close
Didi Chuxing Launches Open Carsharing Platform
Photo courtesy of DiDi Didi Chuxing (DiDi) launched its carsharing platform, partnering with automakers, new energy transportation infrastructure operators, and after-sales service providers, to build an open new energy carsharing system for the future. The network of strategic partners now includes 12 top automakers including BAIC BJEV, BYD, Chang’an Automobile Group, Chery Automobile Group, Dongfeng… Continue reading Didi Chuxing Launches Open Carsharing Platform
Adesa-AFC Parent Acquires Stratim
KAR Auction Services, Inc. a global vehicle remarketing and technology solutions provider, announced the acquisition of mobility and fleet management software company Stratim. KAR owns Adesa auctions and Automotive Finance Corp. (AFC). Stratim co-founder Sean Behr, who spoke at the 2017 Fleet Forward Conference, assumes the role of Stratim’s president. The addition of Stratim supplements… Continue reading Adesa-AFC Parent Acquires Stratim