Tag: M and A

Alphabet continues its European development with the Serbia

The long-term renter completes its European network with the opening of an antenna in Serbia in partnership with AKS Fleet Solution. This local actor is currently leading a fleet of 800 vehicles. Alphabet accelerates its European development. After the recent opening of antennas Portugal and in Ireland , the long-term renter announces today its arrival… Continue reading Alphabet continues its European development with the
Serbia

First-half 2018: Further improvement in results

Major strategic advancesProposed disposal of the business environment Plastic Omnium, an innovative company employing more than 3,200 engineers in 24 R & D centers worldwide, dedicates 6.4% of revenue to Research & Development, supplemented by a further 1.5% on investment in technologies. Over the next two years, the Group will allocate 1.2 billion euros in… Continue reading First-half 2018: Further improvement in results

Plastic Omnium finalizes its reinforced stake in HBPO, world leader in front-end modules

The German Group, Mahle’s 33.33% equity investment in the joint venture, HBPO, up to now held by Plastic Omnium, Hella and Mahle-Behr. Plastic Omnium now owns 66.66% of HBPO.This acquisition was signed for an enterprise value of € 350M, financed by the Group’s own resources.HBPO is the world leader in the development, assembly and logistics… Continue reading Plastic Omnium finalizes its reinforced stake in HBPO, world leader in front-end modules

Saudi sovereign fund PIF has bought a below 5 percent stake in Tesla: source

DUBAI (Reuters) – Public Investment Fund, Saudi Arabia’s sovereign wealth fund, has bought a minority stake in Tesla (TSLA.O) at just below 5 percent, a source familiar with the matter said on Tuesday. FILE PHOTO: A Tesla sales and service center is shown in Costa Mesa, California, U.S., June 28, 2018. REUTERS/Mike Blake/File Photo PIF… Continue reading Saudi sovereign fund PIF has bought a below 5 percent stake in Tesla: source

Opel drives back production

D he acquired from the French PSA group carmaker Opel makes the ribbons run slower in some production plants. The reason is lower sales expectations for the Opel models in the coming months. At the main plant in Rüsselsheim, the number of cycles is expected to fall from 55 to 42 vehicles per hour after… Continue reading Opel drives back production

Self-driving truck startup Kodiak Robotics raises $40 million

In Don Burnette and Paz Eshel’s view, trucking is the killer app for self-driving technology. It’s what led Burnette to leave the Google self-driving project and co-found Otto in early 2016, along with Anthony Levandowski, Lior Ron, and Claire Delaunay. And it’s what would eventually prompt Burnette to leave Uber— href=”https://techcrunch.com/2016/08/18/uber-acquires-otto-to-lead-ubers-self-driving-car-effort-report-says/”>the company that acquired Otto—and co-found… Continue reading Self-driving truck startup Kodiak Robotics raises $40 million

Daimler abandons Iran expansion plans as sanctions bite

BERLIN (Reuters) – German car and truck manufacturer Daimler (DAIGn.DE) on Tuesday said it has dropped plans to expand its Iran business in reaction to renewed U.S. sanctions, which come into effect on Tuesday. FILE PHOTO: FILE PHOTO: The Mercedes-Benz logo is seen before the company’s annual news conference in Stuttgart, Germany, February 4, 2016.… Continue reading Daimler abandons Iran expansion plans as sanctions bite

French carpooling firm BlaBlaCar acquires Russia’s BeepCar

August 7, 2018 French carpooling platform BlaBlaCar has acquired Russian counterpart BeepCar from internet company Mail.Ru Group, according to an official statement. Financial terms of the acquisition were not disclosed. BlaBlaCar and Mail.Ru also announced a new partnership, which will see the French startup committing to further promote carpooling through Mail.Ru Group platforms, which include… Continue reading French carpooling firm BlaBlaCar acquires Russia’s BeepCar