Renault MOBILITY and IKEA France have signed a partnership to offer consumers an innovative car rental solution 24 hours a day, 7 days a week. Having set themselves the goal of offering 100% electric vehicles to the company’s consumers and customers by 2020, IKEA France and Renault are continuing to roll out new adapted, functional… Continue reading Renault MOBILITY provides a car-sharing vehicle service to IKEA France
Tag: M and A
Car: Every second Volvo should have from 2025 pure electric drive
Volvo wants to sell in the year 2025 half of all vehicles with a purely electric drive. Starting in 2019, a mild hybrid, a plug-in hybrid or a purely battery-electric vehicle is to be offered in each new series presented. April 25, 2018, 8:48 am, Andreas Donath For Volvo, the future is China and the… Continue reading Car: Every second Volvo should have from 2025 pure electric drive
Grab’s acquisition of Uber Southeast Asia drives into problems
The long-rumored Grab acquisition of Uber’s Southeast Asia business may be official now, but it’s far from complete. In fact, what should be a celebratory coming-of-age moment for the Southeast Asian local champion is threatening to become nightmarish thanks to persistent regulators, panicky Uber staff and reluctant drivers who are supposed to switch to Grab… Continue reading Grab’s acquisition of Uber Southeast Asia drives into problems
AUTOSHOW-Ford hopes China easing will speed up Zotye venture approval
BEIJING (Reuters) – Ford Motor Co’s (F.N) Asia head said on Wednesday he hoped recent Chinese moves to relax ownership rules in the country’s auto market would speed up regulatory approval for its electric vehicle joint venture with local firm Zotye Automobile Co Ltd (000980.SZ). FILE PHOTO – The wheel of a 2018 Ford Focus… Continue reading AUTOSHOW-Ford hopes China easing will speed up Zotye venture approval
BAIC Motor plans $422 mn share sale to replenish working capital
BAIC Automotive Group‘s stake in the Hong Kong-listed firm will be reduced to 42.6 per cent on completion of the deal from 44.98 percent, while Daimler’s holding will fall to 9.55 per cent from 10.08 per cent. HONG KONG: BAIC Motor Corporation said on Wednesday it planned to sell new shares for $422 million to… Continue reading BAIC Motor plans $422 mn share sale to replenish working capital
Ford Launches Single Distribution Channel in China; Names New Leaders for China, Middle East & Africa, and Marketing
Ford and its China partners establish new single distribution operation for the world’s largest automobile market designed to significantly improve customer experience, brand consistency and efficiency Ford hires two proven auto industry leaders to spearhead its business in Ford Greater China; Henry Li as vice president, Marketing and Sales, and Richard Chen as vice president,… Continue reading Ford Launches Single Distribution Channel in China; Names New Leaders for China, Middle East & Africa, and Marketing
China’s BAIC Motor to raise $422m via share sale for working capital
April 25, 2018 BAIC Motor Corporation Ltd said on Wednesday it planned to sell new shares for HK$3.3 billion ($422 million) to replenish funds for working capital. The automaker said it would sell 420 million shares or 5.2 percent of its enlargedshare capital to third party investors. They will be sold at HK$7.89 apiece, or… Continue reading China’s BAIC Motor to raise $422m via share sale for working capital
Volvo Cars aims for 50 per cent of sales to be electric by 2025
Volvo Cars aims for 50 per cent of sales to be electric by 2025 Volvo Cars, the premium car maker, aims for fully electric cars to make up 50 per cent of its sales by 2025, the company announced today. The announcement builds on Volvo Cars’ 2017 industry-first announcement that all new models released… Continue reading Volvo Cars aims for 50 per cent of sales to be electric by 2025
CEO Tavares insists on austerity measures
At Opel, the fronts between the workforce and the French mother Peugeot harden. Despite protests and good numbers, CEO Tavares urges a wage waiver. Opelians protest in Eisenach, Thuringia Tuesday, 24.04.2018 5:32 pm Because of the planned renovation of the OpelWorks in Germany, the workforce goes with the parent company Peugeot SA (PSA) on confrontation… Continue reading CEO Tavares insists on austerity measures
Electrify America’s First 350 kW Ultra-Fast Charger Opens Tomorrow
1 H BY MARK KANE Electrify America announced a set of partners for installations of ultra-fast DC fast chargers at more than 100 major retail, convenience and refueling locations in the U.S. Electrify America fast charging station The latest announcement comes on top of the previous about DC fast chargers (also some ultra-fast) at more… Continue reading Electrify America’s First 350 kW Ultra-Fast Charger Opens Tomorrow