DETROIT, Oct. 1, 2020 /PRNewswire/ — General Motors (NYSE: GM) announced today that it delivered 665,192 vehicles in the third quarter of 2020, a decrease in total vehicle sales of about 10 percent compared to a year ago. In a sign of a recovering industry, sales improved sequentially each month within the quarter. Industry and GM sales rebounded… Continue reading GM Q3 Retail Share Climbs Despite Tight Inventory
Tag: M and A
The Shyft Group Acquires Northeast Aluminum Truck Body Manufacturer F3 MFG, Inc.
The addition of DuraMag aluminum bodies to Shyft’s product offerings follows the Company’s recent acquisition of Royal Truck Body, a West Coast and Southwestern U.S. steel truck body maker. Combined, these acquisitions elevate Shyft to a leading position as a national service body manufacturer. From 2015 to 2019, F3 sales grew at a compound annual… Continue reading The Shyft Group Acquires Northeast Aluminum Truck Body Manufacturer F3 MFG, Inc.
Exclusive: Volkswagen drawing up plans to carve out Lamborghini – sources
FRANKFURT (Reuters) – Volkswagen VOWG_p.DE is drawing up plans to set up Lamborghini as a more independent unit, and is discussing long-term supply deals that could make it easier to list it on the stock exchange, two sources familiar with the matter told Reuters. Slideshow ( 2 images ) “Volkswagen is in the process of… Continue reading Exclusive: Volkswagen drawing up plans to carve out Lamborghini – sources
Droom acquires Visiolab Ideas to enhance vehicle research and customer buying experience
Droom, one of India’s largest online automobile transactional marketplace has acquired Delhi-NCR based AR (augmented reality) startup Visiolab Ideas for an undisclosed amount. Droom says with this the company will introduce an AR-VR lab to enhance customer experience in their vehicle buying research. Under the acquisition, both co-founders of the company will join the Droom… Continue reading Droom acquires Visiolab Ideas to enhance vehicle research and customer buying experience
@niche: Nikola Executing Strategy and Vision to Deliver Innovative Technology, Energy and Transportation Solutions000137
PHOENIX, September 30, 2020 — Nikola Corporation (NASDAQ: NKLA) today issued the following statement highlighting key elements of the Company’s strategy and vision to become a global leader in zero-emissions transportation: Nikola is a technology disruptor and integrator, working to develop innovative energy and transportation solutions. We are pioneering a business model that will enable… Continue reading @niche: Nikola Executing Strategy and Vision to Deliver Innovative Technology, Energy and Transportation Solutions000137
Cazoo, the UK used car sales portal, raises another $311M, now valued at over $2B
A lot of people are opting to use cars instead of taking public transportation in the UK at the moment, as a way of ensuring more social distancing, and today one of the startups that’s built a more efficient way of selling and buying cars is announcing a big round of funding. Cazoo, which provides… Continue reading Cazoo, the UK used car sales portal, raises another $311M, now valued at over $2B
Humax enters vehicle mobility market
SEONGNAM, South Korea, Oct. 1, 2020 /PRNewswire/ — Humax has announced that it has entered the vehicle mobility market with a total mobility solution, including a service, device and hub platform. The company offers a range of core technologies in the field of integrated mobility, including shared mobility, commercial vehicle fleet management, parking lot operation… Continue reading Humax enters vehicle mobility market
World NM: DRB to invest 1 bln rubles in production of Hyundai car parts in Leningrad region000210
ST. PETERSBURG, September 30. / TASS /. The DRB RUS company (the Russian subdivision of the South Korean company DRB) will build a plant in the Leningrad Region for the production of components for Hyundai cars with an investment worth 1 billion rubles, according to the agreement on cooperation that signed by Governor Alexander Drozdenko… Continue reading World NM: DRB to invest 1 bln rubles in production of Hyundai car parts in Leningrad region000210
Pakistan’s Bykea raises $13m Series B led by Prosus Ventures
Bykea, a ride-hailing and parcel delivery startup based in Pakistan, has raised $13 million for its Series B round led by Prosus Ventures, according to a company statement. This is understood to be Prosus Ventures’s first investment in Pakistan. The round was also joined by existing investors Middle East Venture Partners (MEVP) and Sarmayacar, bringing… Continue reading Pakistan’s Bykea raises $13m Series B led by Prosus Ventures
@GM: General Motors is Leading a Sustainable Renewable Energy Transition in the U.S.
General Motors is Leading a Sustainable Renewable Energy Transition in the U.S. New solar agreement brings renewable power to the Midwest and will push GM beyond the 1 GW threshold of renewable electricity use 2020-09-30 GM will source 180 MW of solar power from a new project in Arkansas developed by First Solar, Inc. The… Continue reading @GM: General Motors is Leading a Sustainable Renewable Energy Transition in the U.S.