Tag: M and A

Tata Motors renews talks to sell stake in engineering unit

July 23, 2018 Tata Motors Ltd., the owner of Jaguar Land Rover, has restarted talks on the sale of a stake in its engineering unit just months after a deal with Warburg Pincus was called off, people with knowledge of the matter said. The carmaker has started preliminary discussions with a private equity firm that… Continue reading Tata Motors renews talks to sell stake in engineering unit

2018 HALF YEAR RESULTS

Faurecia announces a double-digit growth in sales** and operating income in the first half of 2018. Full year guidance is upgraded. in €m H1 2017* H1 2018 Change Sales 8,545.2 8,991.3 +10.9%** Operating income 582.7 647.2 +11.1% as % of sales 6.8% 7.2% +40bps Net income, Group share 310.4 342.0 +10.2% Net cash flow 210.5… Continue reading 2018 HALF YEAR RESULTS

Robot Truck Upstart Embark Hauls In $30 Million To Take On Waymo And Uber

Embark co-founders Alex Rodrigues, left, and Brandon Moak with their fleet of autonomous semi-trucks at the startup’s operations center in Ontario, California. Embark Trucks What makes a couple of brash 22-year-old entrepreneurs think they can take on Waymo, the clear leader in self-driving vehicle technology, when it comes to putting autonomous trucks on the road? … Continue reading Robot Truck Upstart Embark Hauls In $30 Million To Take On Waymo And Uber

DoorDash Names Prabir Adarkar as CFO; Led Global Finance at Uber

Another top Uber executive has departed the ride-hailing company, this time for Tony Xu’s San Francisco food delivery startup DoorDash. DoorDash announced on Thursday that it has hired Prabir Adarkar as its first chief financial officer, a sign that the “unicorn” startup, valued at more than $1.4 billion and backed by SoftBank and Sequoia Capital,… Continue reading DoorDash Names Prabir Adarkar as CFO; Led Global Finance at Uber

Exclusive: Tesla’s battery maker suspends cobalt supplier amid sanctions concern

LONDON/TOKYO (Reuters) – Panasonic said it was unable to determine how much of the cobalt used in batteries it makes for Tesla cars comes from Cuba, a country subject to U.S. sanctions, and that it had suspended relations with a Canadian supplier as a result of its concerns. FILE PHOTO: A Panasonic Corp’s lithium-ion battery,… Continue reading Exclusive: Tesla’s battery maker suspends cobalt supplier amid sanctions concern

Fiat Chrysler kicks off Magneti Marelli spin-off

MILAN (Reuters) – Fiat Chrysler (FCA) (FCHA.MI) has kicked off its planned spin-off of parts maker Magneti Marelli which will be registered in the Netherlands and listed on the Milan stock exchange, a document outlining initial plans and seen by Reuters showed. Fiat Chrysler Automobiles (FCA) U.S. headquarters is seen in Auburn Hills, Michigan, U.S.… Continue reading Fiat Chrysler kicks off Magneti Marelli spin-off

Confusion among British dealers by the WLTP

The WLTP, which goes into effect on September 1, is causing widespread confusion among UK dealers. That is the conclusion of a study carried out by Motor Trader in partnership with Manheim, which reveals that only a few weeks before the implementation of September 1, more than a third of dealers (35%) do not know… Continue reading Confusion among British dealers by the WLTP

Enway: An autonomous sweeping package from Berlin

The development self-driving vehicles is not just a topic for big car companies. A jam-filled donut Startup has picked out a special application that could free the capital from its grubby image. A report  from Friedhelm old man July 19, 2018, 12:06 pm We sweep for you: The self-propelled sweeper from Enway in action (Image:… Continue reading Enway: An autonomous sweeping package from Berlin