Tag: M and A

UPDATE 1-VW, Ford discuss alliance to develop and make transporter vans – sources

FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) and Ford (F.N) are in preliminary talks over a development and production alliance for commercial transporter vans, two sources familiar with the matter said on Tuesday. The Ford logo is seen at the New York Auto Show in the Manhattan borough of New York City, New York, U.S., March 29,… Continue reading UPDATE 1-VW, Ford discuss alliance to develop and make transporter vans – sources

Lyft’s app code reveals unlaunched bike or scooter feature

Lyft hasn’t acquired a bike-sharing startup or gotten a scooter permit yet, but it’s already preparing its app for them with a feature codenamed “last mile”. Code and screenshots dug out of Lyft’s Android app reveal a way to search a map for last mile vehicles, and scan a QR code or enter a pin… Continue reading Lyft’s app code reveals unlaunched bike or scooter feature

Ford Acquires Iconic Michigan Central Station as Centerpiece of New Detroit Campus to Usher in Ford’s Smart, Connected Future

  Ford has acquired the iconic Michigan Central Station and plans to transform it into the centerpiece of a vibrant new campus in Detroit’s Corktown neighborhood that will serve as an innovation hub for Ford’s vision for the future of transportation The Corktown campus is a place where Ford and its partners will work on… Continue reading Ford Acquires Iconic Michigan Central Station as Centerpiece of New Detroit Campus to Usher in Ford’s Smart, Connected Future

Varroc set to acquire Turkish lighting equipment supplier, also partner Italian co for EFI

Varroc Group’s MD, Tarang Jain: “Turkey is going to be a key market. Its car industry is 1.7 million units strong.” Homegrown auto component major Varroc Engineering is set to take a couple of steps aimed at strengthening its lighting business and entering into a new space. The Aurangabad-headquartered company is set to acquire a… Continue reading Varroc set to acquire Turkish lighting equipment supplier, also partner Italian co for EFI

Hyundai elevates India, US, Europe as regional headquarters

NEW DELHI: Hyundai Motor today announced making India and the US as regional headquarters, a move that would provide more functional autonomy for its business activities in these regions. As part of the organisational changes, the company has also elevated Europe as regional headquarters as it plans to grant greater autonomy to each region in… Continue reading Hyundai elevates India, US, Europe as regional headquarters

Peek raises $23M and inks partnership with Google in push to digitize travel activities

Peek, a U.S. startup aiming to digitize the travel activities industry, has pulled a $23 million Series B round of financing and uncorked a partnership with Google that will help increase its visibility. Founded in 2012 by Ruzwana Bashir (CEO) and Oskar Bruening (CTO), the startup describes itself as “OpenTable for the activities market” in that it… Continue reading Peek raises $23M and inks partnership with Google in push to digitize travel activities

40% of drivers would repeat the brand when buying a new car, according to Coches.net

Posted 06/19/2018 11:28:22 PM One in five would change car by seniority and 15%, to have a new one MADRID, Jun 19 (EUROPA PRESS) – 40% of Spanish drivers would repeat the brand of their car if a new one were compared, according to the ‘Study of Intention to buy a vehicle 2018’, prepared by… Continue reading 40% of drivers would repeat the brand when buying a new car, according to Coches.net

RCI Bank (Renault) buys 75% of fleet management company iCabbi

Posted 6/19/2018 11:27:32 CET PARIS, Jun 19 (EUROPA PRESS) – The financial division of the French automobile consortium Renault, RCI Bank and Services, has acquired 75% of the capital of the Irish technology management company of taxi fleets and vehicles with iCabbi driver, the company said in a statement. The Renault group explained that iCabbi,… Continue reading RCI Bank (Renault) buys 75% of fleet management company iCabbi

Hyundai union threatens to take legal action if company signs up for car JV

SEOUL, June 19 (Yonhap) — Hyundai Motor Co.’s union said Tuesday it will take legal action if the company signs a contract to invest in a local car-manufacturing joint venture proposed by a municipal government. Hyundai Motor originally planned to sign an agreement with the Gwangju city government on Tuesday to become the second-largest shareholder… Continue reading Hyundai union threatens to take legal action if company signs up for car JV