Byton was launched in 2017 by Future Mobility Corp, a company co-founded by former BMW and Nissan Motor executives. SHANGHAI: Chinese electric vehicle (EV) maker Byton, backed by Apple assembler Foxconn, is in talks to go public through a merger with a special-purpose acquisition company (SPAC), people familiar with the matter told Reuters. Byton, whose… Continue reading Chinese EV startup Byton explores listing via SPAC deal: Sources
Tag: Renault
Best SUVs to buy 2021
If you’re in the market for an SUV you’re spoilt for choice these days. Almost every manufacturer makes an SUV, many make a whole range of them and the variety of models on offer is huge. The SUV options are growing all the time to accommodate demand, making choosing the best SUV for your needs… Continue reading Best SUVs to buy 2021
A Silicon Chip Shortage Is Causing Big Issues for Automakers
You may have noticed that it’s difficult to get ahold of new high-end graphics cards and game consoles these days. In large part, that’s due to an ongoing global shortage affecting semiconductor foundries. As it turns out, the problem is even more pronounced in the auto industry. In fact, it’s getting so bad that a… Continue reading A Silicon Chip Shortage Is Causing Big Issues for Automakers
Autorola offers dealers white label car disposal portal
Autorola UK is offering dealers a white label version of its online wholesale used car sales portal to support dealers in disposing of unwanted or over age stock. The portal gets dealer’s used cars in front of other wholesale buyers digitally without any of the transport costs. Peugeot, Citroen, Skoda, SEAT, VW Commercials, Audi, Nissan,… Continue reading Autorola offers dealers white label car disposal portal
Nidec to Acquire Mitsubishi Heavy Industries Machine Tool Co., Ltd.
KYOTO, Japan, Feb. 05, 2021 (GLOBE NEWSWIRE) — Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) announced today that its Board of Directors has approved a resolution to acquire: the shares of Mitsubishi Heavy Industries Machine Tool Co., Ltd. (“Mitsubishi Heavy Industries Machine Tool”), a company that designs, manufactures, and sells machine… Continue reading Nidec to Acquire Mitsubishi Heavy Industries Machine Tool Co., Ltd.
Renault and PSA hit in turn by the global semiconductor shortage
Posted on Feb 5, 2019 2021 at 16:07 Updated on Feb 5 2021 at 16:43 The semiconductor shortage continues to hit the automotive industry, and it no longer spares the French manufacturers. After having long succeeded in dodging the shutdown of production, Renault announced Friday the interruption of activity for two to three days next… Continue reading Renault and PSA hit in turn by the global semiconductor shortage
@Nissan: New 2021 Nissan Kicks, with updated styling and enhanced connectivity, starts at $19,500000206
February 5, 2021 NASHVILLE, Tenn. – The new Nissan Kicks is now on sale across the U.S., with a starting MSRP of $19,500 USD1 for the Kicks S model. Along with its updated exterior and interior styling, the new Kicks now offers standard Apple CarPlay® and Android Auto™ on all grades, as well as available… Continue reading @Nissan: New 2021 Nissan Kicks, with updated styling and enhanced connectivity, starts at $19,500000206
Stellantis: At the Sochaux plant, the “vagueness” in the face of the shortage of parts which slows down production
Like several major automotive firms, Stellantis (formerly PSA) is now faced with a shortage of electronic components which is slowing production considerably. At the Sochaux plant (Doubs), employees and unions are in doubt. This is news that the employees of Stellantis (ex-PSA) would undoubtedly have done well. The Sochaux plant is about to go on… Continue reading Stellantis: At the Sochaux plant, the “vagueness” in the face of the shortage of parts which slows down production
@niche: Israeli EV startup REE to go public through $3.6 billion blank-check deal000518
By Reuters Staff 2 Min Read (Reuters) – Electric vehicle technology startup REE Automotive has agreed to go public through a merger with a blank-check company, in a deal that values the Israeli firm at around $3.6 billion, the companies said on Wednesday. FILE PHOTO: A prototype of a platform by Israel’s REE Automotive, developers… Continue reading @niche: Israeli EV startup REE to go public through $3.6 billion blank-check deal000518
Japan’s Nidec to buy Mitsubishi machine tool unit for EV motor push
Japan’s Nidec Corp said it will acquire a unit of Mitsubishi Heavy Industries that makes machine and cutting tools as it bolsters a push in motors for electric vehicles (EV). Nidec will buy the business from Japan’s biggest machinery maker for around 30 billion yen ($284 million) in a deal that will help it improve… Continue reading Japan’s Nidec to buy Mitsubishi machine tool unit for EV motor push