Peterbilt is the next manufacturer to build an all-electric truck to take on the Tesla Semi. Other companies in the industry like Daimler also work on electric trucks. May 3, 2018, 9:33 am, Andreas Donath Classic Peterbilt truck (Photo: Peterbilt) Tesla seems to have brought the industry with its announced electric trucks properly launched, especially… Continue reading Semi-trailer: Peterbilt wants to build electric trucks
Tag: M and A
GO Motor Retailing Limited acquires 4 Vauxhall sites in London from NOW Motor Retailing
GO Motor Retailing Limited acquires 4 Vauxhall sites in London from NOW Motor Retailing 2018-05-02 GO Motor Retailing Limited (GMRL), trading as GO Vauxhall, has acquired 4 additional Vauxhall sites from NOW Motor Retailing in Kingston, Heathrow, Hayes and Staples Corner. The sites will transition into the existing GO Vauxhall London portfolio and will grow… Continue reading GO Motor Retailing Limited acquires 4 Vauxhall sites in London from NOW Motor Retailing
USA: Mitsubishi Motors selects Aeris to power its Mitsubishi Connect platform
[embedded content] Aeris has announced the availability of its Aeris® Mobility Platform (AMP), a micro-services-based IoT platform that provides the critical building blocks that enable the Internet of Things for enterprises and OEMs. Aeris has developed AMP to meet the unique needs of enterprises and OEMs who are moving from unconnected products to connected services. AMP specifically addresses… Continue reading USA: Mitsubishi Motors selects Aeris to power its Mitsubishi Connect platform
Aptiv Launches Fleet of Autonomous Vehicles on the Lyft Network
LAS VEGAS, May 2, 2018 /PRNewswire/ — Aptiv PLC (NYSE: APTV), a global technology leader in mobility, announced the launch of a fleet of 30 autonomous vehicles in Las Vegas on the Lyft network. A product of Aptiv’s Mobility and Services group, these vehicles will operate on Aptiv’s fully-integrated autonomous driving platform and be made available… Continue reading Aptiv Launches Fleet of Autonomous Vehicles on the Lyft Network
Daimler has plan in case new Chinese shareholder turns hostile
Li Shufu, founder of Geely and owner of Volvo, acquired 9.7 percent of Daimler in February. BEIJING — Daimler has a back-up plan in place to protect itself from any unsolicited takeover bid should its new Chinese investor turn unexpectedly hostile. Li Shufu, founder of Geely and owner of Volvo Cars, acquired 9.7 percent of… Continue reading Daimler has plan in case new Chinese shareholder turns hostile
Startin buys Peugeot and Suzuki dealerships from Hylton
The Startin Group has bought Peugeot and Suzuki dealerships in St Peters Worcestershire from Hylton Group. Startin is rated 167 in the Motor Trader Top 200 dealer groups with annual turnover of £54.1m. The company head office is in Redditch, where it represents Peugeot, Fiat and Kia. It also has Honda in Stourbridge and Worcester… Continue reading Startin buys Peugeot and Suzuki dealerships from Hylton
Electromobility: VW wants to build batteries for electric cars
batteries are considered key components for electric cars, So far, German automakers mostly source their batteries from suppliers. The new VWCEO Herbert Diess wants to change that. May 2, 2018, 12:45 pm, Werner Pluta VW E-Golf (icon image): Is an own battery production nonsense? (Image: Werner Pluta / Golem.de) So now, after all: The German… Continue reading Electromobility: VW wants to build batteries for electric cars
Aptiv Reports Record First Quarter 2018 Financial Results And Raises Full Year Outlook
DUBLIN, May 2, 2018 /PRNewswire/ — Aptiv PLC (NYSE: APTV), a global technology company enabling the future of mobility, today reported first quarter 2018 U.S. GAAP earnings from continuing operations of $1.15 per diluted share. Excluding special items, first quarter earnings from continuing operations totaled $1.29 per diluted share. First Quarter Highlights Include : Revenue of… Continue reading Aptiv Reports Record First Quarter 2018 Financial Results And Raises Full Year Outlook
Ford Smart Mobility and Zotye to Form EV Solutions JV for China’s Fast-Growing Ride-Hailing Market
Ford Smart Mobility LLC and Zotye sign a memorandum of understanding (MOU) to establish a joint venture (JV) to provide smart, customized all-electric vehicle solutions to fleet operators and drivers in China’s fast-growing ride-hailing market Working closely with the Zotye-Ford manufacturing JV, which will offer a range of stylish and affordable all-electric vehicles under a… Continue reading Ford Smart Mobility and Zotye to Form EV Solutions JV for China’s Fast-Growing Ride-Hailing Market
Ford CEO Hackett’s decision to dump cars ‘may prove fatal’
Ford’s new CEO, Jim Hackett, just announced a bold strategic move for America’s most enduring automaker: abandoning the car business. Hackett completely reversed former CEO Alan Mulally’s full-line strategy to focus on trucks and SUVs. A 3 percent jump in Ford’s stock price validated Hackett’s decision, but that adrenaline shot could be short-lived. Jettisoning automobiles… Continue reading Ford CEO Hackett’s decision to dump cars ‘may prove fatal’