STOCKHOLM, Feb. 3, 2020 /PRNewswire/ — Veoneer, Inc. (NYSE: VNE) (SSE: VNE SDB), the world’s largest pure-play company focused on Advanced Driving Assistance Systems and Automated Driving, has completed the sale of its 51% ownership in the Japanese (VNBJ) and Chinese (VNBZ) entities that comprise Veoneer Nissin Brake Systems (VNBS) to its joint venture partner Nissin-Kogyo… Continue reading Veoneer Completes Divestiture of Japan and China Operations of Brake System Joint Venture
Tag: Strategy
Japan’s Nidec set to focus on electric vehicle powertrains to treble sales
Japan’s Nidec Corp plans to more than treble its revenue over the next five years by focusing on electric vehicle powertrains and buying specialists in motor technologies, two people familiar with the matter told Reuters. The world’s leading maker of precision motors which supplies parts for Apple’s iPhones is expected to detail its plans as soon as Tuesday when it will… Continue reading Japan’s Nidec set to focus on electric vehicle powertrains to treble sales
January 28, 2020 Designing an on-demand mobility service riders love
January 28, 2020 Designing an on-demand mobility service riders love The world is entering the golden age of embracing Mobility as a Service (MaaS), with cities around the globe turning to shared bikes, scooters, and on-demand vehicles to move around their communities. Perhaps one of the biggest trends in MaaS, however, is the dramatic adoption… Continue reading January 28, 2020 Designing an on-demand mobility service riders love
Nidec To Expand Its Business By Focusing On EV Powertrains
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
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