GUANGZHOU, China, May 18, 2018 /PRNewswire/ — GAC Motor, China’s fastest-growing automaker, has announced the establishment of GAC Motor International Company (the “International Company”) to manage GAC Motor’s overseas businesses. It is a critical part of the automaker’s global expansion strategy to strengthen cooperation, enhance competitiveness, and better improve its potential for sales growth in… Continue reading GAC Motor sets up international company, developing overseas business platform
Tag: M and A
High capital requirements for electric car manufacturers: Tesla needs 10 billion by 2020 – says Goldman Sachs
All articles and backgrounds 05/18/2018 High capital requirements for electric car maker Tesla needs $ 10 billion by 2020, says Goldman Sachs AFP Tesla Model 3 in a salesroom Tesla boss Elon Musk wants his company but soon a new organizational structure miss with flatter hierarchies, However, he does not want one thing: to go… Continue reading High capital requirements for electric car manufacturers: Tesla needs 10 billion by 2020 – says Goldman Sachs
From panic to triumph: Behind the scenes of Ford's epic F-150 restart
Ford F-150 pickup trucks are on a sales lot on May 10, 2018, in Miami. (Photo: Joe Raedle, Getty Images) What if Facebook or Nike couldn’t do business for more than a week? “The whole world would shut down,” said Joe Hinrichs, president of global operations for Ford. So, when production of the F-Series pickup line… Continue reading From panic to triumph: Behind the scenes of Ford's epic F-150 restart
Nissan announces executive management changes
YOKOHAMA, Japan (May 18, 2018) – Nissan Motor Co., Ltd. today announced the following executive appointment, effective immediately. Hiroshi Karube, previously senior vice president, global controller (MC & global function), accounting, global asset management, is appointed chief financial officer. This follows the decision of the current CFO, Joseph Peter, to retire from the company. Karube… Continue reading Nissan announces executive management changes
Precision Camshafts forays into EV industry, acquires Emoss of the Netherlands
The Maharashtra-based Precision Camshafts Ltd (PCL), which manufactures chilled cast iron, straight hollow, profiled hollow and trilobe camshafts, has announced that is has taken 51 percent equity stake in EMOSS Mobile Systems of the Netherlands. Emoss designs, develops, produces and tests innovative electric drivelines. The company says, with its modular system, it is able to convert any vehicle… Continue reading Precision Camshafts forays into EV industry, acquires Emoss of the Netherlands
VW’s dispute with riot suppliers escalates: Prevent plays again Rambo – and torpedo career of a VW top manager
All articles and backgrounds 05/18/2018 VW’s dispute with riot suppliers escalates Prevent plays again Rambo – and torpedo career of a VW top manager DPA Founder at Halberg Guss: The new owner Prevent uses the company for his long dispute with Volkswagen A new management, which raises prices in the dispute over supply contracts by… Continue reading VW’s dispute with riot suppliers escalates: Prevent plays again Rambo – and torpedo career of a VW top manager
Volvo Cars to remove single-use plastics from all offices, canteens and events
Volvo Cars to remove single-use plastics from all offices, canteens and events Volvo Cars will remove single-use plastics from all its offices, canteens and events across the globe by the end of 2019. The decision reflects the company’s active support of the UN Environment Clean Seas campaign, and underlines its ambition to minimise its global… Continue reading Volvo Cars to remove single-use plastics from all offices, canteens and events
SAIC Roewe RX5 collected by Beijing Auto Museum
The vehicle model Roewe RX5, made bySAIC Motor Corporation Limited, won the 4th Xuanyuan Award and became an exhibit at the Beijing Auto Museum on Sept 2. Beijing Auto Museum is the first museum of its kind in China. It is the place for exchanging and collecting automobile culture and for demonstrating the impact of… Continue reading SAIC Roewe RX5 collected by Beijing Auto Museum
SAIC launches new internet vehicle
SAIC Motor Corporation Limited launched the automatic internet-enabled ultimate version of its Roewe 20T on July 6, celebrating the launch anniversary of the Roewe RX5, the world’s first internet vehicle. Well received by its 200,000 users over its first year on the market, the Roewe RX5 broke the joint venture brand monopoly in the SUV… Continue reading SAIC launches new internet vehicle
Tesla has thousands of Supercharger stations in construction/permit phase with new map coming, says Elon Musk
It looks like Tesla might have a surprise update to the Supercharger network, according to Elon Musk. The CEO says that an updated map is coming as “thousands of Supercharger stations” are in the construction or permitting phase. Home Solar Power We just released a new report about the Tesla Supercharger network growing at a record pace… Continue reading Tesla has thousands of Supercharger stations in construction/permit phase with new map coming, says Elon Musk