TROY, Mich., Jan. 16, 2020 /PRNewswire/ — Meritor, Inc. (NYSE: MTOR) today announced that it has acquired all the outstanding common shares of Transportation Power, Inc. (“TransPower”). Terms of the transaction were not disclosed. “We are excited to welcome TransPower to the Meritor family as we continue providing our customers with sophisticated electric drivetrain solutions,”… Continue reading Meritor Acquires TransPower, Advancing its Electrification Expertise
Tag: Possible_Terrorism_Warfare
Aston Martin won’t say whether its electric car is dead or alive
Aston Martin might have killed the Rapide E, its first electric car, before it ever shipped according to an Autocar report from late last week. But Aston Martin won’t say if this is true or not, as a spokesperson tells The Verge that the company “can’t comment on product speculation.” “Everybody is asking…” the spokesperson… Continue reading Aston Martin won’t say whether its electric car is dead or alive
Confirmed: GM will revive Hummer for EVs, with Lebron James as celebrity spokesperson
General Motors is not talking about it, but multiple news agencies are reporting that a Superbowl ad featuring LeBron James will tout the return of the Hummer name. This time, Hummers will be a family of electric pickup trucks and SUVs. Automotive News, Reuters, and the Wall Street Journal are all tracking down the details… Continue reading Confirmed: GM will revive Hummer for EVs, with Lebron James as celebrity spokesperson
Price war wipes out half of China’s EV battery makers
BEIJING — China’s electric-vehicle battery industry slowed in 2019 as the country’s automakers remain mired in the doldrums. The industry has been realigning since the beginning of last year, with smaller players gradually being edged out. This comes against a backdrop of heavy borrowing throughout the auto industry supply chain as EV sales stall and… Continue reading Price war wipes out half of China’s EV battery makers
Lebanon bans Ghosn from foreign travel
The statement said that Ghosn’s allegation of a conspiracy was “categorically false”, adding that prosecutors were seeking to bring him to justice in Japan. Beirut: Lebanon banned former auto tycoon Carlos Ghosn from travelling on Thursday after questioning him over an Interpol “red notice” of charges of financial misconduct in Japan, judicial sources said. The… Continue reading Lebanon bans Ghosn from foreign travel
Tesla’s $45m deal to acquire land outside Berlin is approved, but not out of the woods yet
A €41 million ($45 million) deal for Tesla to acquire land outside of Berlin to build its recently announced Gigafactory 4 has been approved by the state government, but it’s still not sealed yet. Last year, CEO Elon Musk confirmed that Tesla is going to build Gigafactory 4 in the “Berlin area.” The project will be… Continue reading Tesla’s $45m deal to acquire land outside Berlin is approved, but not out of the woods yet
UPDATE 1-Aston Martin expects annual profit to nearly halve on Europe weakness
FILE PHOTO: An Aston Martin logo is pictured at the new factory in Saint Athan, Wales, Britain December 6, 2019. REUTERS/Rebecca Naden/File Photo (Reuters) – Luxury British carmaker Aston Martin (AML.L) on Tuesday warned that its annual core profit would plummet more than 45% from last year, as weak demand in Europe led to a… Continue reading UPDATE 1-Aston Martin expects annual profit to nearly halve on Europe weakness
Daimler, Volvo mull combustion engine cooperation: report
FILE PHOTO: The logo of Swedish truck maker Volvo is pictured at the IAA truck show in Hanover, September 22, 2016. REUTERS/Fabian Bimmer BERLIN (Reuters) – Luxury German carmaker Daimler (DAIGn.DE) and Volvo Cars, owned by China’s Geely, are considering cooperating to cut the costs of developing combustion engines, a magazine reported on Sunday, citing… Continue reading Daimler, Volvo mull combustion engine cooperation: report
S&P 500 snaps win streak as Middle East tensions push down Wall Street
NEW YORK (Reuters) – Wall Street’s major indexes fell from record highs on Friday after a U.S. air strike in Iraq ratcheted up tensions in the Middle East and a bigger-than-expected contraction in the U.S. manufacturing sector raised concerns of slowing economic growth. Friday’s decline put the benchmark S&P 500 in the red for the… Continue reading S&P 500 snaps win streak as Middle East tensions push down Wall Street
@BMW: BMW Group Classic presents: anniversary stories for 2020.
Munich. Legendary model premieres, trailblazing innovations, top sporting performances and pioneering decisions – the history of the BMW Group is full of milestones that have shaped the development of the company for the past 104 years. And behind each historic event, there are fascinating stories of people, technologies and products. They are all about the… Continue reading @BMW: BMW Group Classic presents: anniversary stories for 2020.