Tag: M and A

SAIC Venture Capital Announces Partnership with Plug and Play

Joining Plug and Play’s Mobility program, SAIC Capital will search for new startups disrupting the industry SUNNYVALE, CA December 7th, 2017 – SAIC Capital , the venture arm of the largest auto company on China’s A-share market, announced today a strategic partnership with Plug and Play, a global startup ecosystem and venture fund specializing in the… Continue reading SAIC Venture Capital Announces Partnership with Plug and Play

Partnership between DELFINGEN Foundation and ESSILOR VISION Foundation

Essilor​ ​Vision​ ​Foundation​ ​and​ ​DELFINGEN​ ​Foundation​ ​join​ ​hands to​ ​bring​ ​good​ ​vision​ ​to​ ​DELFINGEN’s​ ​employees​ ​and​ ​families​ ​in Cebu,​ ​Philippines Essilor Vision Foundation (EVF) Singapore and DELFINGEN Foundation got together for an eye care initiative for DELFINGEN employees and their family members, or by around 600 people. This two-days event was held in Cebu, Philippines… Continue reading Partnership between DELFINGEN Foundation and ESSILOR VISION Foundation

MAHLE Supervisory Board appoints Dr. Jörg Stratmann as the new Chairman of the Management Board and CEO

The 48-year-old industrial engineer becomes the new CEO of the MAHLE Group as of February 1, 2018. Wolf-Henning Scheider leaves MAHLE on January 31, 2018. Succession arrangements and new appointments at the top-level management of the MAHLE Group implemented quickly and sustainably. This quick transition was made much easier because MAHLE had already earmarked Dr.… Continue reading MAHLE Supervisory Board appoints Dr. Jörg Stratmann as the new Chairman of the Management Board and CEO

Google’s Self-Driving Division Is Expanding Its Fleet of Autonomous Vehicle

Striking a Deal Waymo, Alphabet’s autonomous vehicle wing, just struck a legendary deal with Fiat Chrysler Automobiles (FCA): Fiat will supply the self-driving car ride service with thousands of Chrysler Pacifica hybrids for an undisclosed amount of money. These new vehicles will join the 600 Pacificas that are already active in Waymo’s test cities, such as Phoenix, Arizona.… Continue reading Google’s Self-Driving Division Is Expanding Its Fleet of Autonomous Vehicle

Uber is piloting a bike-sharing service with JUMP

 Uber is launching a bike-sharing service next week in partnership with JUMP, a startup that recently received the first and only permit to operate dockless bike-sharing in San Francisco. JUMP’s contract with the San Francisco Municipal Transportation Agency enables it to launch 250 of its dockless, electric bikes in San Francisco. After the first nine months… Continue reading Uber is piloting a bike-sharing service with JUMP

LG AND HONEYWELL DEMO AUTOMOTIVE CYBERSECURITY SOLUTION

Technology Leaders Working Together on Detection, Protection and Reporting Software PLYMOUTH, MICH. and SEOUL, Jan. 31, 2018 — Honeywell (NYSE: HON) and LG Electronics Inc. (KSE: KRX) signed a memorandum of understanding to develop a unique automotive software technology and infrastructure solution to address threats associated with the increase in vehicle connectivity technology. The two… Continue reading LG AND HONEYWELL DEMO AUTOMOTIVE CYBERSECURITY SOLUTION

CEO of Ford’s China operation resigns

Jason Luo (Photo: Ford Motor Company) The chairman and CEO of Ford Motor Co.’s Chinese operations resigned Monday, less than six months after taking over there. Jason Luo resigned for unspecified “personal reasons that predate his time at Ford,” according to Peter Fleet, Ford’s president of the Asia Pacific region. Fleet will take on Luo’s… Continue reading CEO of Ford’s China operation resigns

FCA US LLC Set to Deliver Thousands of Chrysler Pacifica Hybrid Minivans to Waymo’s Self-driving Service

AUBURN HILLS, Mich., Jan. 30, 2018 /PRNewswire/ — Expanded delivery of vehicles signifies commitment to support the launch of the world’s first driverless ride-hailing service Vehicle delivery begins in late 2018 with Pacifica Hybrid minivans to be deployed across multiple U.S. cities FCA US LLC announced today an agreement to supply thousands of Chrysler Pacifica… Continue reading FCA US LLC Set to Deliver Thousands of Chrysler Pacifica Hybrid Minivans to Waymo’s Self-driving Service

Maruti to start manufacturing budget electric vehicle on its own – Times of India

NEW DELHI: India’s largest carmaker Maruti Suzuki will start making its first affordable electric vehicle (EV) by 2020 based on technology from parent Suzuki Motor, ahead of products developed in partnership with Toyota.The company and its parent are focusing on in-house capabilities but are also looking for partners to put in place the ecosystem for… Continue reading Maruti to start manufacturing budget electric vehicle on its own – Times of India