The Japanese company Nidec, by the way of releasing its Q4 financial results, announced a major expansion of its business (including tripling revenues) over the coming years through focusing on electric vehicle powertrains. The idea is to use its tremendous experience in electric motors, produced for various applications including the automotive industry, which experiences now a… Continue reading Nidec To Expand Its Business By Focusing On EV Powertrains
Tag: Strategy
Lack of R&D funding leaves Japan Inc. in digital age dust
TOKYO — Corporate Japan, once renowned for technological innovation, is not only lagging behind the U.S. in research and development spending but is becoming less eager to take risk and invest in untested fields. Amazon.com, Facebook, Apple, Microsoft and Google parent Alphabet alone are set to outspend all Japanese companies combined. Analyst projections compiled by QUICK-FactSet… Continue reading Lack of R&D funding leaves Japan Inc. in digital age dust
Skoda Auto sets up software centres to support India 2.0 project
MUMBAI: European auto major Skoda Auto on Friday announced setting up of dedicated software development centres in Pune and Gurugram besides a DigiLab at Pune to support Skoda Auto Volkswagen’s ‘India 2.0’ project. The DigiLab at Pune is the fourth one in the world by the company after Prague (Czech), Bejing and Tel Aviv, a… Continue reading Skoda Auto sets up software centres to support India 2.0 project
Aimmune Awarded First FDA Approval for a Peanut Allergy Therapy
January 31st, 2020 Xconomy San Francisco — An Aimmune Therapeutics drug developed to treat peanut allergy won FDA approval late Friday—the first time the agency has approved an oral immunotherapy for a food allergy. The Aimmune (NASDAQ: AIMT) drug, Palforzia, was developed to desensitize patients to peanuts. The FDA decision covers patients between the ages… Continue reading Aimmune Awarded First FDA Approval for a Peanut Allergy Therapy
Dealers miss out on ‘lucrative’ aftersales opportunities
Dealers are missing out on “lucrative” aftersales opportunities because they do not contact customers after the sale of the car That’s the key finding of DMS specialist CDK Global, which surveyed 9,000 car buyers across Europe and found that 35% of them never near from their car dealership once the car is sold. Consumers are… Continue reading Dealers miss out on ‘lucrative’ aftersales opportunities
@VW Group: Volkswagen to sell RENK shares to Triton
The Board of Management and Supervisory Board of Volkswagen AG have approved the sale of the 76 percent stake or approximately 5.3 million shares in the listed company RENK AG to Triton for a purchase price of 97.80 EUR per share which is subject to adjustments in relation to dividend. The planned disposal results in… Continue reading @VW Group: Volkswagen to sell RENK shares to Triton
@VW Group: TRATON Proposes To Acquire All Outstanding Common Shares Of Navistar For USD 35 Per Share
TRATON SE (“TRATON”), one of the world’s largest commercial vehicle manufacturers, today offered to acquire all of the outstanding shares of common stock of Navistar International Corporation (“Navistar”) (NYSE: NAV) not already owned by TRATON at a price of USD 35 per share in cash. This represents a 45% premium over Navistar’s closing share price… Continue reading @VW Group: TRATON Proposes To Acquire All Outstanding Common Shares Of Navistar For USD 35 Per Share
Karma Debuts New Design Studio At Global Headquarters
The 12,000-square-foot design studio represents a multimillion-dollar investment and underscores Karma’s efforts to enhance and grow its design services. The new studio strengthens the company’s design capabilities as it readies itself for both future Karma design projects and those on behalf of other OEMs and startups. The new business unit is also tasked with offering… Continue reading Karma Debuts New Design Studio At Global Headquarters
Indian ride-hailing firm Ola to launch in London on February 10
After opening an office in the city last year, Indian ride-hailing firm Ola said it would officially begin operations in London on February 10. London is one of the world’s biggest markets for ride-hailing services, and the expansion is a key development in Ola’s international strategy as the company widens its competition with Uber, another… Continue reading Indian ride-hailing firm Ola to launch in London on February 10
Japan’s TDK Ventures invests in air mobility firm AutoFlightX
TDK Ventures, the corporate venture arm of Japanese electronics firm TDK Corporation, has invested an undisclosed amount in AutoFlightX, an electric air mobility company headquartered in Munich, Germany and with R&D centres in Shanghai and Shenzhen. AutoFlightX, which started in February 2018, is involved in the development, production, sales, and operation of electric vertical take-off… Continue reading Japan’s TDK Ventures invests in air mobility firm AutoFlightX