Ionic Materials, a company backed by Bill Joy and the automotive Alliance of Nissan, Renault and Mitsubishi, raised $65 million in Series C funding round. Ionic Materials Investors are attracted by the promise of a revolutionary polymer electrolyte for solid-state batteries that offers high conductivity at room temperature. Using the new electrolyte would enable production of… Continue reading Ionic Materials Raises $65 Million For Revolutionary Polymer Electrolyte
Tag: M and A
New boss Diess with tailwind: Volkswagen should deliver 4.4 billion euros profit
All articles and backgrounds 04/23/2018 New boss Diess with tailwind Volkswagen should deliver 4.4 billion euros profit REUTERS Volkswagen: After the change of boss from Müller to Diess, investors remain optimistic with regard to profit and turnover Volkswagen announces its first quarter results on Thursday (26 April). Following the surprise takeover of the chief position… Continue reading New boss Diess with tailwind: Volkswagen should deliver 4.4 billion euros profit
IPO of 25 percent of the truck sector could bring in 6 billion euros: How the truck business to Volkswagens Mustersparte becomes
All articles and backgrounds 04/13/2018 IPO of 25 percent of the truck sector could bring in 6 billion euros How the truck business to Volkswagens Mustersparte becomes REUTERS VW truck boss Andreas Renschler So much is in motion in the Volkswagen Group. Several management posts, including the boss, are being retooled, the entire management structure… Continue reading IPO of 25 percent of the truck sector could bring in 6 billion euros: How the truck business to Volkswagens Mustersparte becomes
This will be the new boss, the group introduces brand groups: Volkswagen decides the biggest change in history
All articles and backgrounds 04/12/2018 This is going to be a new boss, the Group is introducing brand groups Volkswagen is deciding on the biggest change in its history DPA Volkswagen headquarters Wolfsburg The Volkswagen Group is facing the biggest change in its history. At its meeting on Thursday, the Supervisory Board elected Herbert Diess… Continue reading This will be the new boss, the group introduces brand groups: Volkswagen decides the biggest change in history
Financial information for the three months ended march 31, 2018
1er trimestre 2018 :Michelin annonce des ventes nettes de 5,2 milliards d’€, en croissance de 1,4 % à parités constantes. Guidance 2018 confirmée. Marchés Tourisme Camionnette et Poids lourd en légère baisse comme annoncé Demande Première monte en retrait pour le Tourisme camionnette affectée par les marchés chinois et nord-américains, et soutenue pour le Poids lourd,… Continue reading Financial information for the three months ended march 31, 2018
China’s Didi Chuxing launches its ride-hailing service in Mexico
China’s ride-sharing leader Didi Chuxing has continued its global march after it officially launched in Mexico, expanding its battle with Uber to a new front. The company raised $4 billion in December to expand overseas and it hasn’t held back on doing so this year. Hot on the heels of moves into Brazil, Taiwan and… Continue reading China’s Didi Chuxing launches its ride-hailing service in Mexico
NIO Capital Said Raising $500M Offshore Fund For Auto Investment
NIO Capital, a private equity fund established by Chinese electric car company NIO, is close to completing the first round of a US$500 million offshore fund that will invest in new automotive technologies, according to media reports. NIO Capital did not immediately respond to China Money Network’s email seeking for comment. The company is in… Continue reading NIO Capital Said Raising $500M Offshore Fund For Auto Investment
GM, Korean union reach tentative deal on wages, workers
Youkyung Lee, Associated Press Published 6:21 a.m. ET April 23, 2018 GM Korea CEO Kaher Kazem, left, talks with GM Executive Vice President Barry Engle after a tentative agreement reached between the GM Korea’s management and labor union at GM Korea’s factory in Bupyeong, South Korea, April 23, 2018. (Photo: Yun Tae-hyung / AP) Seoul,… Continue reading GM, Korean union reach tentative deal on wages, workers
In Korea, General Motors avoids bankruptcy at the price of heavy sacrifices
An hour just before the vote on Monday night by the board of directors General Motors Korea, a probable bankruptcy of the Korean subsidiary of the US manufacturer, the union of employees of the group has accepted almost all the concessions that demanded management. And instead of coming together for a dramatic vote, management issued… Continue reading In Korea, General Motors avoids bankruptcy at the price of heavy sacrifices
Groupe PSA and Huawei Unveil Their First Connected Vehicle
RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News: Groupe PSA (Paris:UG) has built its Connected Vehicle Modular Platform (CVMP) for its connected vehicles, using Huawei’s OceanConnect IoT1platform. DS 7 CROSSBACK, launched this month in China, is the first vehicle to benefit from the CVMP. Customers can access new services such as connected navigation, natural language2 voice recognition and a… Continue reading Groupe PSA and Huawei Unveil Their First Connected Vehicle