A worker checks the quality of newly made cars at an assembly line of SAIC Motor in Qingdao, East China’s Shandong province. [Photo by Yu Fangping/For China Daily] CAIRO－China’s giant carmaker SAIC Motor is planning to set up a car manufacturing factory in Egypt, a top Egyptian official said on Sunday. Egypt’s Minister of Trade… Continue reading SAIC may set up car factory in Egypt
Tag: M and A
Renault shares jump after Nissan merger report
Shares in French car maker Renault have jumped 5.4% at the opening of trading after a report that it is in merger talks with Japanese car giant Nissan. Bloomberg reported that the companies are discussing becoming one entity with a single stock. The companies have been in a strategic alliance since 1999. Asked about the… Continue reading Renault shares jump after Nissan merger report
Car expert Ferdinand Dudenhöffer: Geely could also participate in car sharing fusion of Daimler and BMW
car sharing BMW has merged its daughter Drive Now with Daimler’s daughter Car2Go. (Photo: AP) After Merger of carsharing providers from Daimler and BMW Car expert Ferdinand Dudenhöffer considers a merger with the Chinese supplier Cao Cao possible. Cao Cao belong to the GeelyGroup of the largest DaimlerShareholder Li Shufu and is already very successful… Continue reading Car expert Ferdinand Dudenhöffer: Geely could also participate in car sharing fusion of Daimler and BMW
ZF, a hidden giant of the German automobile
Count Zeppelin’s airships established the fame of Friedrichshafen at the beginning of the 20th century, but it was the automobile that made the city’s fortunes. On the German side of Lake Constance, which serves as a natural border with Switzerland and Austria, ZF laid a brand new, futuristic vessel in the city center just a… Continue reading ZF, a hidden giant of the German automobile
Nissan production, sales and export results for February 2018
YOKOHAMA, Japan (March 29, 2018) – Nissan Motor Co., Ltd. today announced production, sales and export figures for February 2018. 1. Production Nissan’s global production in February declined from a year earlier. Production in Japan declined from a year earlier. Production outside Japan declined from a year earlier. 2. Sales Global sales in February declined… Continue reading Nissan production, sales and export results for February 2018
SF Motors reveals two electric SUVs with 300 miles of range
While much of the automotive world is focused on the New York Auto Show, a small car startup has unveiled its first-ever vehicles on the other side of the country in Santa Clara, California. SF Motors, the US arm of Chinese company Sokon, has just announced two cars — the SF5 and the SF7 —… Continue reading SF Motors reveals two electric SUVs with 300 miles of range
Fate of GKN hangs in balance as investors decide on Melrose bid
LONDON (Reuters) – The three-month battle for GKN will be decided on Thursday when the deadline for shareholders to accept Melrose Industries’ 8 billion pound ($11 billion) hostile bid expires, ending one of the most closely-contested takeover fights in Britain for years. FILE PHOTO: Branding is seen outside the headquarters of GKN in Redditch, Britain,… Continue reading Fate of GKN hangs in balance as investors decide on Melrose bid
Cadillac, Lincoln launch SUVs in New York with an eye on China sales
NEW YORK (Reuters) – Luxury U.S. automaker brands Cadillac and Lincoln both unveiled SUV models this week at the New York auto show to meet rising American demand, but also are keeping one eye on a growing Chinese appetite for the same vehicles, executives said. The 2019 Lincoln Aviator is presented at the New York… Continue reading Cadillac, Lincoln launch SUVs in New York with an eye on China sales
Jaguar and Google’s Waymo agree £1.2bn driverless car partnership
Jaguar Land Rover (JLR) has announced it will supply up to 20,000 vehicles to driverless car outfit Waymo, the sub-brand of Google’s parent firm Alphabet, in a deal believed to be worth around £1.2bn. See related Under the partnership, JLR will provide Waymo with its first electric car, the forthcoming I-Pace SUV, in a move… Continue reading Jaguar and Google’s Waymo agree £1.2bn driverless car partnership
Bollinger announces partner to bring its all-electric utility truck to production next year
Bollinger has been keeping us excited about its B1 all-electric utility truck throughout its development program, but the path to production hasn’t been clear. Now the New York-based startup announces a partnership with an engineering firm to bring its all-electric vehicle to production as soon as next year. Home Solar Power Producing a cool electric prototype… Continue reading Bollinger announces partner to bring its all-electric utility truck to production next year