October 30, 2020 – Today, Luminar Technologies and the world’s largest commercial vehicle manufacturer, Daimler Truck AG, announced a strategic partnership to enable highly automated trucking, starting on highways. Luminar Technologies, Inc. is the global leader in automotive lidar hardware and software technology Experts at Daimler Trucks, its U.S. subsidiary, Daimler Trucks North America (DTNA)… Continue reading @Daimler: 30. Oct 2020 Daimler Trucks and Torc partner with Luminar to enable automated trucking – Daimler Trucks acquires minority stake in […]
Tag: M and A
@BMW: “Cobalt for Development” project started trainings for mining cooperatives in Kolwezi, Democratic Republic of Congo000696
Kolwezi, Democratic Republic of Congo – The cross-industry initiative “Cobalt for Development” has started trainings for twelve artisanal mining cooperatives in October in Kolwezi, Democratic Republic of Congo (DR Congo). The trainings cover major environmental, social and governance aspects for responsible mining practices. This includes mine site management and legal compliance, human rights, health and… Continue reading @BMW: “Cobalt for Development” project started trainings for mining cooperatives in Kolwezi, Democratic Republic of Congo000696
Malaysia’s iCar gets over $150m takeover offer from China’s Autohome
Malaysia-headquartered online car sales platform iCar Asia has received a takeover proposal from NYSE-listed Chinese peer Autohome Inc at the price of A$0.5 ($0.35) per share. The development confirms DealStreetAsia’s report in September that the Catcha Group affiliate was up for sale. If successful in its bid, Autohome will acquire around 450 million iCar Asia… Continue reading Malaysia’s iCar gets over $150m takeover offer from China’s Autohome
@niche: AC returns to Le Mans to handcraft 12 Cobras for the future Welcome to the AC Cobra Le Mans electric000240
The long and thrilling story of one of the most iconic British sports cars is about to open a new and remarkable chapter. Today AC Cars is launching a ‘new’ limited series of 12 special cars recreated from the 1963 AC factory Le Mans cars. They will be called the AC Cobra Le Mans electric… Continue reading @niche: AC returns to Le Mans to handcraft 12 Cobras for the future Welcome to the AC Cobra Le Mans electric000240
Volvo Group and Isuzu Motors sign final agreements to form strategic alliance
GÖTEBORG, Sweden, Oct. 30, 2020 /PRNewswire/ — The Volvo Group and Isuzu Motors today signed binding agreements to form a strategic alliance within commercial vehicles in order to capture the opportunities in the ongoing industry transformation, in accordance with the Memorandum of Understanding signed in December 2019. The agreements include Isuzu Motor’s acquisition of UD… Continue reading Volvo Group and Isuzu Motors sign final agreements to form strategic alliance
AB Volvo and Isuzu Motors sign final agreements for strategic alliance
By Reuters Staff 1 Min Read Slideshow ( 2 images ) STOCKHOLM (Reuters) – Truckmaker AB Volvo VOLVb.ST and Japan’s Isuzu Motors 7202.T have inked a binding agreement for their previously announced strategic alliance, which includes Isuzu buying Volvo’s UD Trucks for around 20 billion Swedish crowns ($2.29 billion). The final agreement follow a memorandum… Continue reading AB Volvo and Isuzu Motors sign final agreements for strategic alliance
Shiloh Industries, Inc. to Proceed with Sale to Grouper Holdings, LLC, a Subsidiary of MiddleGround Capital
Shiloh Industries, Inc. to Proceed with Sale to Grouper Holdings, LLC, a Subsidiary of MiddleGround Capital Shiloh Industries, Inc.(the “Company” or “Shiloh”), an environmentally focused global supplier of lightweighting, noise and vibration solutions, has completed the marketing process approved by the U.S. Bankruptcy Court for the District of Delaware (the “Court”) and is moving forward… Continue reading Shiloh Industries, Inc. to Proceed with Sale to Grouper Holdings, LLC, a Subsidiary of MiddleGround Capital
@GM: General Motors to Upgrade Its Design Capability in China
General Motors to Upgrade Its Design Capability in China GM China Advanced Design Center in Shanghai will grow with evolving trends 2020-10-26 SHANGHAI – General Motors announced today that it will upgrade the GM China Advanced Design Center in Shanghai, more than doubling current studio space and milling capacity. It will adopt cutting-edge technology and… Continue reading @GM: General Motors to Upgrade Its Design Capability in China
Aptiv Reports Third Quarter 2020 Financial Results
Strong Year-Over-Year Revenue Growth Solid Operating Performance Despite Challenging Environment DUBLIN , Oct. 29, 2020 /PRNewswire/ — Aptiv PLC (NYSE: APTV), a global technology company focused on making mobility safer, greener and more connected, today reported third quarter 2020 U.S. GAAP earnings of $1.05 per diluted share. Excluding special items, third quarter earnings totaled $1.13… Continue reading Aptiv Reports Third Quarter 2020 Financial Results
GM first OEM to use Visteon’s path-breaking wireless BMS
The wireless BMS keeps a constant eye on battery health and operation, helping automakers enhance vehicle and passenger safety and improving overall quality and reliability. Visteon has announced a first production-intent, completely wireless battery management system (BMS) to monitor battery packs continuously for state of health and charge. GM will be the first OEM to equip… Continue reading GM first OEM to use Visteon’s path-breaking wireless BMS