HOUSTON, July 8, 2019 /PRNewswire/ — Group 1 Automotive, Inc. (NYSE: GPI), an international, Fortune 500 automotive retailer, today announced the expansion of its business presence in the New Mexico market with the acquisition of two BMW/MINI dealerships. The dealerships are located in Albuquerque and Santa Fe, and represent the only BMW and MINI franchises in the… Continue reading Group 1 Automotive Acquires Two BMW/MINI dealerships in New Mexico
Tag: Strategy
Genesis Wants A FCEV, SUVs And BEVs To Chase Tesla
The idea is to hitch a hike on the concept that electric is luxurious. In the past, Rolls-Royce built its reputation on luxury with amazing finish and silent running – hence the phantasmagorical names of its cars. Tesla has done pretty much the same in the premium segment, but added technology and safety to the… Continue reading Genesis Wants A FCEV, SUVs And BEVs To Chase Tesla
Uber rival Bolt has closed another tranche of funding at a $1B+ valuation
Uber and Lyft going public may have put closer public scrutiny on the economics of ridesharing, but it hasn’t had a chilling effect on the level of competition in the space. In the latest development, TechCrunch has learned and confirmed that Bolt, the Estonian ride-sharing, scooter and food delivery company that operates across Europe —… Continue reading Uber rival Bolt has closed another tranche of funding at a $1B+ valuation
European Union aims to be self-sufficient in EV battery manufacturing
The EU has joined hands with manufacturers, development banks and commercial lenders to create an ecosystem to invest $113 billion for the lithium-ion battery pack production to power EVs. New Delhi: European Union is planning to become self-sufficient when it comes to battery production for the electric vehicles. The EU has already joined hands with… Continue reading European Union aims to be self-sufficient in EV battery manufacturing
Gojek secures new investment from Mitsubishi in series F round
Gojek plans to use the new funds to help scale its strategy and spur further growth in Southeast Asia. Go to Source
VW to deepen alliances with battery suppliers for electric push
LEIPZIG, Germany (Reuters) – Volkswagen (VOWG_p.DE) will create joint ventures and help finance battery production to persuade skeptical cell suppliers to back its aggressive push for mass producing electric vehicles, board member Stefan Sommer told Reuters. FILE PHOTO: The logo of Volkswagen carmaker is seen at the entrance of a showroom in Nice, France, April… Continue reading VW to deepen alliances with battery suppliers for electric push
New battery tech faces a long road to mass adoption
The Ni family, based in Suzhou near Shanghai in China, bought their first electric hybrid car, a BYD Qin, five years ago. With a 30 per cent discount and free insurance thrown in they were pleased with their purchase. Since then, they have had to buy two replacement batteries. Now, expecting a baby, they want… Continue reading New battery tech faces a long road to mass adoption
Clean mobility: Putting an end to polluting trucks. Commission welcomes first-ever EU standards to reduce pollution from trucks
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Clean mobility: Putting an end to polluting trucks. Commission welcomes first-ever EU standards to reduce pollution from trucks
19/02/2019The European Parliament and the Council today reached provisional agreement on a Regulation setting, for the first time in the EU, strict CO2 emission standards for trucks.
Today's deal follows the agreement reached in December on new CO2 emission standards for cars and light vans in the EU for the period after 2020. As part of the sets of legislative proposals on clean mobility introduced by the Juncker Commission, it is a further stepping stone for modernising the European mobility sector and preparing it for climate neutrality in the second half of the century. Under today's agreement, emissions from new trucks will have to be 30% lower in 2030 compared to the 2019 emissions.
The new legislation will help Member States' emission targets, incentivise innovation, promote clean mobility so..
Electric Porsche Taycan makes dynamic debut at Goodwood
The electric motors are similar in design to the unit employed on the petrol-electric hybrid driveline used by the Le Mans-winning 919 Hybrid, with a solenoid coil featuring rectangular, rather than round, wiring. This has enabled Porsche to package the copper wires within the solenoid coil more tightly together to make the electric motors smaller… Continue reading Electric Porsche Taycan makes dynamic debut at Goodwood
Comment: After BMW’s departure, tough decisions are now being made at BMW
BMW Group headquarters The automobile company has lost its lead in electromobility in recent years and at the same time a revenue problem. (Photo: DAPD) Profit warning, power struggles and an increasingly unsettled workforce: The news from the BMWHeadquarters have not been good in recent months. The pressure on CEO Harald Kruger was great. Now… Continue reading Comment: After BMW’s departure, tough decisions are now being made at BMW