A Geely Emgrand EV300 is on display at an auto exhibition in Fuzhou, East China’s Fujian province, June 19, 2017. [Photo/VCG] HANGZHOU – Chinese automaker Geely on Wednesday announced that it has signed a deal to set up an automatic transmission joint venture with Japan’s Aisin AW. The joint venture has a registered capital of… Continue reading Geely, Aisin sets up automatic transmission JV
Tag: M and A
Organic growth strengthens transformation of the MAHLE Group
Strong organic growth of 6.4 percent Sales rise to EUR 12.8 billion Increase in earning power Ongoing consistent focus on dual strategy Fresh culture of innovation for the mobility of tomorrow Steady growth for MAHLE MAHLE again achieved a record high and consolidated its market position among the world’s 20 largest automotive suppliers. It is… Continue reading Organic growth strengthens transformation of the MAHLE Group
BMW China integrates BMW Connected into Tmall Genie.
Munich/Beijing. BMW Connected seamlessly integrates customers’ cars into their digital lives all over the world. And at this year’s Beijing Auto Show the BMW Group in China is demonstrating how BMW Connected has now been linked up to a Chinese ecosystem – through integration into Tmall Genie, the first smart voice assistant developed by Alibaba… Continue reading BMW China integrates BMW Connected into Tmall Genie.
Didi appoints one of its execs to lead ride-hailing service 99
Didi, the Chinese transportation behemoth that acquired Brazilian ride-hailing service 99 back in January, has replaced 99’s chief executive with one of its own, Recode first reported. Stepping in to replace Peter Fernandez is Tony Qiu, who most recently oversaw Didi’s luxury business. Before joining Didi, Qiu had stints at Morgan Stanley and Bain Capital. Fernandez… Continue reading Didi appoints one of its execs to lead ride-hailing service 99
Press release – Q1 2018 Sales
Consolidated sales up 3% to 4.9 billion euros in first-quarter 2018 Jacques Aschenbroich, Valeo’s Chairman and Chief Executive Officer, commented: “In line with the medium-term growth plan presented in London in February 2017, Valeo’s organic growth will accelerate in 2018 and 2019, supported by our order intake, especially in the fields of vehicle electrification and… Continue reading Press release – Q1 2018 Sales
BMW will export from China a 100% electric SUV
In the electric, BMW put on China. And for good reason, according to its local partner, Brilliance China Automotive, the German manufacturer of luxury cars plans to produce, in 2020 its first 100% electric SUV, in their joint venture in Shenyang (Northeast). Above all, this vehicle, called “iX3”, will be sold worldwide, including North America.… Continue reading BMW will export from China a 100% electric SUV
Renault MOBILITY provides a car-sharing vehicle service to IKEA France
Renault MOBILITY and IKEA France have signed a partnership to offer consumers an innovative car rental solution 24 hours a day, 7 days a week. Having set themselves the goal of offering 100% electric vehicles to the company’s consumers and customers by 2020, IKEA France and Renault are continuing to roll out new adapted, functional… Continue reading Renault MOBILITY provides a car-sharing vehicle service to IKEA France
Car: Every second Volvo should have from 2025 pure electric drive
Volvo wants to sell in the year 2025 half of all vehicles with a purely electric drive. Starting in 2019, a mild hybrid, a plug-in hybrid or a purely battery-electric vehicle is to be offered in each new series presented. April 25, 2018, 8:48 am, Andreas Donath For Volvo, the future is China and the… Continue reading Car: Every second Volvo should have from 2025 pure electric drive
Grab’s acquisition of Uber Southeast Asia drives into problems
The long-rumored Grab acquisition of Uber’s Southeast Asia business may be official now, but it’s far from complete. In fact, what should be a celebratory coming-of-age moment for the Southeast Asian local champion is threatening to become nightmarish thanks to persistent regulators, panicky Uber staff and reluctant drivers who are supposed to switch to Grab… Continue reading Grab’s acquisition of Uber Southeast Asia drives into problems
AUTOSHOW-Ford hopes China easing will speed up Zotye venture approval
BEIJING (Reuters) – Ford Motor Co’s (F.N) Asia head said on Wednesday he hoped recent Chinese moves to relax ownership rules in the country’s auto market would speed up regulatory approval for its electric vehicle joint venture with local firm Zotye Automobile Co Ltd (000980.SZ). FILE PHOTO – The wheel of a 2018 Ford Focus… Continue reading AUTOSHOW-Ford hopes China easing will speed up Zotye venture approval