Nidec Industrial Solutions enters the ultra-fast charging segment with a new 320 kW charger, equipped with a 160 kWh energy storage system to limit the draw from the grid to 50 kW. That and the recent developments of electric powertrains makes us think Nidec is seriously interested in electrification. Porsche Mission E Cross Turismo The… Continue reading Nidec Unveils Up To 320 kW Ultra Fast Charger
Tag: M and A
Ford F-150 pickup supplier had trail of safety violations before explosion hit plant
Phoebe Wall Howard, Nathan Bomey, Justin A. Hinkley and Eric Lacy, USA TODAY Network Published 11:51 a.m. ET May 11, 2018 Autoplay Show Thumbnails Show Captions Last SlideNext Slide Firefighters wait for magnesium to burn out at a fire in Meridian Magnesium Products of America in Eaton Rapids, Michigan, Wednesday morning, May 2, 2018. (Photo:… Continue reading Ford F-150 pickup supplier had trail of safety violations before explosion hit plant
UPDATE 2-Chinese owner eyes Volvo Cars IPO, picks banks – source
NEW YORK/STOCKHOLM/BEIJING (Reuters) – The Chinese owner of Volvo Cars has hired three investment banks for an initial public offering (IPO) this year that could value the Swedish carmaker in a broad range of $16 billion to $30 billion, a person familiar with the matter said on Thursday. FILE PHOTO: The Volvo logo is seen… Continue reading UPDATE 2-Chinese owner eyes Volvo Cars IPO, picks banks – source
Nissan and Renault turn to China’s battery maker CATL for new electric cars
Nissan and Renault are planning a series of new electric cars for the Chinese market and they are turning to China’s emerging leading automotive battery maker, Contemporary Amperex Technology (CATL), to supply them. Home Solar Power A report from Nikkei says that the two automakers have signed contracts with CATL for batteries to go with two… Continue reading Nissan and Renault turn to China’s battery maker CATL for new electric cars
John C. Lechleiter, PH.D.
John retired as Eli Lilly’s president and chief executive officer on December 31, 2016, after 37 years with the company. He also served as chairman of the board of directors of Lilly from January 2009 through May 2017. John joined Lilly in 1979 as a senior organic chemist in process research and development and became… Continue reading John C. Lechleiter, PH.D.
China’s Didi Chuxing suspends its carpooling service following murder of a passenger
Didi Chuxing, China’s largest ride-hailing service, has suspended its Hitch carpooling service for one week as it investigates the murder of a passenger. The victim was a 21-year-old air stewardess identified only as Ms. Li. State-run news agency Global Times reports that the incident took place in the evening of May 5, when she used… Continue reading China’s Didi Chuxing suspends its carpooling service following murder of a passenger
Waylands expands Volvo business with Newbury acquisition
Waylands Automotive, the dealer group set up by ex-Ridgeway CEO John O Hanlon (pictured right), has bought Fawcetts Garage’s Volvo business in Newbury. Waylands, which already runs a Volvo business in Reading, took ownership of Fawcetts earlier this month. O’Hanlon returned to the motor trade in November last year with the launch of Waylands .… Continue reading Waylands expands Volvo business with Newbury acquisition
(LEAD) Hyundai mulls acquiring electronic auto parts maker for growth
(ATTN: ADDS details in 4th para and Chung’s comment on Genesis sedan in last para) SEOUL, May 11 (Yonhap) — Hyundai Mobis Co., South Korea’s largest auto parts company by sales, is considering acquiring an electronic auto component maker to stay ahead in future car technologies, the company said Friday. In a recent interview with… Continue reading (LEAD) Hyundai mulls acquiring electronic auto parts maker for growth
Press Release – Magna Announces Record First Quarter Results
Please click HERE for a PDF version of the release. Record quarterly sales, up 21% year over year to $10.79 billion Record quarterly diluted earnings per share of $1.83, increased 21% Cash provided from operating activities of $577 million, up 26%, a first quarter record Paid dividends of $118 million and returned $103 million to… Continue reading Press Release – Magna Announces Record First Quarter Results
PSA Group suspends controversial severance pay for the time being
Opel is after the takeover by France’s PSA Group at a crossroads: The management wants to drastically reduce the workforce, the union suspects a clear-cut, which threatens the substance. Employees in front of Opelwerk in Rüsselsheim Wednesday, 09.05.2018 19:03 clock After a long dispute, the Car manufacturer Opel be Controversial severance program for the time… Continue reading PSA Group suspends controversial severance pay for the time being