New joint venture expected to begin operations in mid-2018 and operate worldwide from China Continental to hold 60 percent of the shares, 40 percent with Chinese automotive supplier CITC, whose subsidiary CALB develops and produces battery cells CEO Dr. Degenhart: “In the fast-growing 48-volt mild hybrid market, Continental will soon be able to offer a… Continue reading Continental and CITC Establish Joint Venture for Production of 48-Volt Battery Systems
Tag: M and A
Fiat Chrysler CEO open to tie-up talks, just not yet
Tommaso Ebhardt, Bloomberg News Published 11:54 a.m. ET March 6, 2018 Sergio Marchionne, center, CEO of FCA attends the North American International Auto Show in this Tuesday, Jan. 16, 2018 file photo. Fiat Chrysler Automobiles NV, which held informal talks with Zhejiang Geely Holding Group Co. about a potential takeover by the Chinese manufacturer, would… Continue reading Fiat Chrysler CEO open to tie-up talks, just not yet
Aston Martin’s opulent autonomous car concept comes draped in cashmere and silk
Aston Martin, like many carmakers around the globe, has pledged to add electric technology to its cars in the near future. After getting off to a rocky start, thanks to a busted partnership with sinking Chinese tech conglomerate LeEco, the British automotive company seems ready to refocus its effort around something new by resurrecting its… Continue reading Aston Martin’s opulent autonomous car concept comes draped in cashmere and silk
Uber’s self-driving trucks haul cargo on Arizona highways
(Reuters) – Uber’s [UBER.UL] self-driving trucks have been hauling cargo on Arizona highways, the U.S. ride-hailing firm said on Tuesday, laying out plans for autonomous vehicles to work with truck drivers to move freight around the country. The Uber logo is seen on a screen in Singapore August 4, 2017. REUTERS/Thomas White Uber’s trucks are… Continue reading Uber’s self-driving trucks haul cargo on Arizona highways
Daimler Says Future Deals With Geely Hinge on China Partner BAIC
Daimler AG’s largest shareholder, Zhejiang Geely Holding Group Co., discussed plans for its stake purchase with the German carmaker’s Chinese partner before buying the stock, setting the stage for future cooperation with the new investor, Chief Executive Officer Dieter Zetsche said. Geely’s move may revive Beijing-based BAIC Motor Corp.’s earlier interest in acquiring a holding… Continue reading Daimler Says Future Deals With Geely Hinge on China Partner BAIC
Aston Martin considers making a lightweight, all-electric Tesla Roadster rival
The limited all-electric Aston Martin Rapide Aston Martin The limited all-electric Aston Martin Rapide Aston Martin The limited all-electric Aston Martin Rapide Aston Martin Aston Martin is considering to make an all-electric supercar to rival the upcoming Tesla Roadster. The British marque is yet to officially make the announcement, but the brand is definitely considering… Continue reading Aston Martin considers making a lightweight, all-electric Tesla Roadster rival
UPDATE 2-Diesel collapse gives automakers carbon headache
GENEVA (Reuters) – The accelerating demise of diesel, long used by carmakers to boost fuel-efficiency, is undermining their plans to meet looming European Union CO2 goals and avoid big annual fines. The BMW M8 is seen during a presentation at the 88th International Motor Show at Palexpo in Geneva, Switzerland, March 6, 2018. REUTERS/Pierre Albouy… Continue reading UPDATE 2-Diesel collapse gives automakers carbon headache
Groupe PSA and DCS Offer Access to a French Network of More Than 6,300 Electric Charging Stations for Peugeot & Citroën vehicles
RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News: Groupe PSA (Paris:UG): The ChargeMyPeugeot and ChargeMyCitroën services provide access to the largest network of available electric charging stations. Users can locate 6,360 charging stations throughout France – including 460 fast-charge terminals – as well as check availability and type of plug. They can then access the charging station easily using… Continue reading Groupe PSA and DCS Offer Access to a French Network of More Than 6,300 Electric Charging Stations for Peugeot & Citroën vehicles
Stoneacre buys Platts Garage in Stafford
Stoneacre Motor Group has bought Platts Garage in Stafford, representing Fiat, Dacia, Renault and Kia. Platts has been located on the same site in Lightwood Rd, Longton since 1938 when it was known as Peppers Garage. It was awarded the Fiat franchise in 1946 and billed itself as the longest established Fiat franchise in the UK.… Continue reading Stoneacre buys Platts Garage in Stafford
BRIEF-Brembo chairman says not interested in Magneti Marelli
March 6 (Reuters) – Italian brakes maker Brembo Chairman Alberto Bombassei tells journalist at Geneva car show: * ABSOLUTELY NO INTEREST IN FIAT CHRYSLER’S MAGNETI MARELLI UNIT * CONSIDERING ONLY “TECHNOLOGICALLY ADVANCED” PRODUCTS FOR POSSIBLE ACQUISITIONS Further company coverage: (Reporting by Milan Newsroom) Our Standards:The Thomson Reuters Trust Principles.