Nissan Motor Co. is in talks to buy most of the French state’s stake in partner Renault SA as the carmakers tighten cooperation, Reuters reported, citing unidentified people close to the matter. Discussions with government officials include France giving up influence at Renault while the manufacturer would relinquish control over its Japanese counterpart, the newswire… Continue reading Nissan Is in Talks to Buy France’s Renault Stake: Reuters
Tag: M and A
BMW Mulling Motorcycle Ride-Sharing in Congested Cities
BMW AG would like to start offering up the back seat on motorbikes and scooters to get around congested cities — if the issue of helmets can be solved. “This is definitely an option, but we haven’t found the solution for the second helmet yet,” Peter Schwarzenbauer, who heads BMW’s Mini, Rolls-Royce and motorcycle brands,… Continue reading BMW Mulling Motorcycle Ride-Sharing in Congested Cities
Elon Musk enlists Tesla’s all-electric Semi trucks to ship Tesla’s battery packs
“Eat Your Own Dog Food” is an aphorism referring to the Microsoft tradition of using its own software products, but it applies equally well to the first production cargo trip of Tesla’s all-electric truck — which carried battery packs from Tesla’s Gigafactory in Nevada to its car assembly plant in Fremont, Calif. Tesla CEO Elon Musk spotlighted… Continue reading Elon Musk enlists Tesla’s all-electric Semi trucks to ship Tesla’s battery packs
Daimler, Volvo Cars executives skeptical over Geely alliance plan
GENEVA (Reuters) – Executives at Daimler (DAIGn.DE) and Volvo Cars question the viability and industrial logic of a plan by their major shareholder, China’s Geely, to form an auto industry alliance to counter “tech invaders.” FILE PHOTO: The Mercedes star logo of an E Coupe is pictured before the annual news conference of Daimler AG… Continue reading Daimler, Volvo Cars executives skeptical over Geely alliance plan
Henrik Fisker Talks Batteries and Autonomous Transportation
The industry disruptor talked about his upcoming autonomous vehicles. DAVID MCNEW—AFP/Getty Images Fisker Inc., the electric car manufacturer and Tesla rival, has big plans in the works. The Drive spoke with CEO Henrik Fisker about his plans for solid-state batteries and his upcoming electric and autonomous vehicles. Fisker, the controversial innovator who designed the BMW… Continue reading Henrik Fisker Talks Batteries and Autonomous Transportation
Ofo Borrows $280M From Alibaba As Financial Troubles Escalate At Bike Sharing Firm
In a sign of financial distress derived from shareholder disagreements, bike sharing company Ofo has mortgaged its own bicycles in order to receive two loans worth RMB1.77 billion (US$280 million) from Alibaba’s affiliates, according to data from the National Enterprise Credit Information Publicity System. By pledging more than four million bikes, ofo risks losing its most… Continue reading Ofo Borrows $280M From Alibaba As Financial Troubles Escalate At Bike Sharing Firm
Pininfarina HK GT: 792bhp coupe concept launched
Pininfarina has revealed its latest joint project with Hong Kong-based Hybrid Kinetic Group – a 792bhp 2+2 coupé with gullwing doors. Like the previous concepts, badged K550 and K750 for the two SUVs and H600 for the saloon, the HK GT has a micro-turbine generator acting as a range extender. The previous concepts’ ranges were quoted at around 621… Continue reading Pininfarina HK GT: 792bhp coupe concept launched
Audi and FAW will create two companies in China for the sale of vehicles, digital services and mobility
Posted 07/03/2018 12: 34: 13CET INGOLSTADT (GERMANY), 7 Mar. (EUROPA PRESS) – The automotive company Audi has signed on Wednesday an agreement with its Chinese partner FAW for the creation of two new companies for the sale of vehicles, as well as digital and mobility services, according to the German firm in a statement. “With… Continue reading Audi and FAW will create two companies in China for the sale of vehicles, digital services and mobility
Renault says Zity will be the first cost-effective car sharing service in Europe
Published 3/7/2018 12:33:43 PM GENEVA (SWITZERLAND), 7 Mar. (EUROPA PRESS) – The Zity shared mobility company, created through the collaboration between Renault and Ferrovial, can become very soon the first cost-effective car sharing service in Europe, according to Ivan Segal, CEO of Renault Iberia. Just three months after its launch, Segal has assured Europa Press… Continue reading Renault says Zity will be the first cost-effective car sharing service in Europe
Applied Research Associates Teams with MSU on Autonomous Vehicle R&D
The Michigan State University Foundation, an independent nonprofit that works to commercialize university inventions, has a new tenant in its 300,000-square-foot corporate research park in East Lansing. Applied Research Associates (ARA), a contract R&D firm based in Albuquerque, NM, has moved a team to Michigan in order to support MSU’s autonomous vehicle research and development… Continue reading Applied Research Associates Teams with MSU on Autonomous Vehicle R&D