NASHVILLE, Tenn. – Nissan is making several changes to its management team in North America as the company focuses on the key pillars of its “M.O.V.E. to 2022” midterm business plan. The mission of the six-year plan is to achieve sustainable growth and to lead the technology and business evolution of the automotive industry. Changes… Continue reading Nissan: Nissan announces North American management changes
Tag: M and A
Battery startup EcoFlow raises over $4m Series A from Chinese investors
April 30, 2018 EcoFlow, a battery startup company based in San Francisco and China, has raised over $4 million Series A from Delia Capital, SCUD Group, Guangzhou Penghui Energy and Chunjia Assets, the company announced on April 27. EcoFlow said it will use the proceeds to expand R&D and sales, further deploy energy storage products, and… Continue reading Battery startup EcoFlow raises over $4m Series A from Chinese investors
UPDATE 3-T-Mobile agrees to acquire Sprint for $26 bln
(Reuters) – T-Mobile US Inc agreed on Sunday to acquire peer Sprint Corp, in a $26 billion all-stock deal that will combine the third and fourth largest U.S. wireless carriers and is expected to attract regulatory scrutiny over its impact on consumers. Smartphones with the logos of T-Mobile and Sprint are seen in this illustration… Continue reading UPDATE 3-T-Mobile agrees to acquire Sprint for $26 bln
McLaren Group continues corporate simplification
Following the merger of McLaren Automotive and McLaren Technology Group in July 2017 to enhance synergies, the McLaren Group has announced several further developments in the company’s operational structure to bring greater efficiency and simplification to the business. Shaikh Mohammed bin Essa Al Khalifa, McLaren Group Executive Chairman, explained: “The work of the past year… Continue reading McLaren Group continues corporate simplification
BMW Teams up With Innoviz to Bring Solid State LiDAR to Its Future Self-Driving Cars
The Germans may be getting ready to outfit their upcoming fleet of autonomous cars with new sensors. via Innoviz BMW has been one of the more quiet manufacturers dabbling in autonomy this past year. Despite it looking to deliver a fully self-driving car as early as 2021, the German automaker has been very tightlipped on… Continue reading BMW Teams up With Innoviz to Bring Solid State LiDAR to Its Future Self-Driving Cars
BRIEF-China Automotive Systems’ Unit Enters JV Contract With KYB China
April 27 (Reuters) – China Automotive Systems Inc: * CHINA AUTOMOTIVE SYSTEMS INC – ON APRIL 27, UNIT OF CO ENTERED INTO A JOINT VENTURE CONTRACT WITH KYB (CHINA) INVESTMENT CO., LTD – SEC FILING * CHINA AUTOMOTIVE – HENGLONG, KYB WILL ESTABLISH A JOINT VENTURE COMPANY, HUBEI HENGLONG KYB AUTOMOBILE ELECTRIC STEERING SYSTEM CO.,… Continue reading BRIEF-China Automotive Systems’ Unit Enters JV Contract With KYB China
France’s BlaBlaCar acquires carpool startup Less in ongoing ridesharing consolidation
The ongoing trend of consolidation in the world of ridesharing continues apace, with the latest development coming out of Europe. BlaBlaCar, the French carpooling platform, is acquiring Less, a young carpooling platform based in Paris and focusing only on urban rides, paying drivers on a per-kilometer rate to incentivize them. The financial terms are not… Continue reading France’s BlaBlaCar acquires carpool startup Less in ongoing ridesharing consolidation
Combustion and electric drive: Conti checks IPO of its drive division
All articles and backgrounds 04/27/2018 Combustion and electric drive Conti checks IPO of its drive division DPA Continental: Possible tripartite conversation The auto supplier Continental is considering outsourcing its propulsion business and taking some of it to the stock market. CEO Elmar Degenhart said on Friday before the shareholders, Conti continue to expand the division,… Continue reading Combustion and electric drive: Conti checks IPO of its drive division
Read Motor Group Doncaster acquisition completes Burrows Motor Company Hyundai withdrawal
Burrows Motor Company has completed its withdrawal from the Hyundai franchise with the sale of its Doncaster franchise to the Read Motor Group for an undisclosed sum.
Geely’s Volvo Cars posts 3.6 percent profit rise in the first quarter
STOCKHOLM (Reuters) – Geely-owned automaker Volvo Car Group reported a rise in quarterly operating earnings on Friday, on growth in the Chinese and U.S. markets and forecast higher sales, but also steeper spending, in the year ahead. The logo of Volvo is seen on the front grill of a Volvo XC40 SUV displayed at a… Continue reading Geely’s Volvo Cars posts 3.6 percent profit rise in the first quarter