Cazoo has acquired independent used car retailer Imperial Car Supermarkets. The company says that the deal will accelerate the transformation of the UK used car market by providing Cazoo with a national network of storage, distribution, after sales and collection hubs. Imperial Car Supermarkets was established in 2006 and has grown to 18 retail sites across… Continue reading Cazoo acquires independent retailer Imperial Car Supermarkets
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@VW Group: Innovation leap in logistics: Audi develops first Supermarket 2.0 for the automotive industry
The Audi plants have been using automated guided vehicles (AGVs) for many years. These vehicles assist in supermarkets – logistics areas where employees pre-pick components in the correct sequence. The company is reversing the sequencing principle for the first time in Supermarket 2.0. Here goods come to the employee rather than the other way around.… Continue reading @VW Group: Innovation leap in logistics: Audi develops first Supermarket 2.0 for the automotive industry
@Toyota: Using Synthetic Data to Accelerate Autonomous Technology: Our Portfolio Company Parallel Domain is…
Using Synthetic Data to Accelerate Autonomous Technology: Our Portfolio Company Parallel Domain is Hiring Image courtesy of Parallel Domain The development of autonomous systems requires data of all kinds, from large-scale datasets to live streams of sensor data for integrated simulation. Our portfolio company Parallel Domain, a data generation platform for autonomy, provides both and much more.… Continue reading @Toyota: Using Synthetic Data to Accelerate Autonomous Technology: Our Portfolio Company Parallel Domain is…
Chinese EV Manufacturer Li Auto Files For Nasdaq Listing
Following in the footsteps of domestic peer Nio Inc – ADR (NYSE: NIO), another Chinese electric vehicle maker is planning to test the IPO waters in the U.S. Nio, which went public in September 2018, rallied to a record high last week. Li Auto Nasdaq-Bound: Li Auto has filed a preliminary prospectus with the SEC for listing its… Continue reading Chinese EV Manufacturer Li Auto Files For Nasdaq Listing
@niche: Mullen Technologies Executes LOI for $135 Million in Funding to Acquire an Existing Electric Vehicle Manufacturing Plant in the US
Monday, July 13, 2020 9:00 AM Extends exclusivity period for pending merger with Net Element until August 10, 2020 BREA, CA / ACCESSWIRE / July 13, 2020 / Mullen Technologies Inc. (“Mullen Technologies” or the “Company”), a Southern California based licensed electric vehicle manufacturer with international distribution that operates in various verticals of businesses focusing in the… Continue reading @niche: Mullen Technologies Executes LOI for $135 Million in Funding to Acquire an Existing Electric Vehicle Manufacturing Plant in the US
@Hyundai: Commercial FCEVs: From Garbage trucks To Tractor-Trailers
FCEVs do not emit pollutants in the air. On the contrary, they purify the air while driving. They can fill up the tank faster than BEVs and have longer ranges than BEVs. Hyundai Motor Company so far tried to maximize the efficiency of commercial FCEVs. And here’s how. Maximizing the Efficiency: Commercial FCEVs Commercial vehicles… Continue reading @Hyundai: Commercial FCEVs: From Garbage trucks To Tractor-Trailers
Cazoo completes acquisition of car supermarket group Imperial Cars
Online car sales start-up Cazoo has completed the acquisition of £201.4 million turnover, 18-site used car supermarket group Imperial Cars. Completion of the deal comes just weeks after Cazoo became one of the fastest UK businesses ever to achieve a $1 billion (£800.8 m) valuation – just six months after its launch – and creates… Continue reading Cazoo completes acquisition of car supermarket group Imperial Cars
Volkswagen-SAIC JV to revamp Shanghai plants to make Audi sedans: government document
BEIJING (Reuters) – Volkswagen AG (VOWG_p.DE) and its Chinese joint venture partner SAIC Motor (600104.SS) plan to invest 4.13 billion yuan ($590 million) to revamp their car plants in Shanghai to make new Audi sedans, according to a government document seen by Reuters. FILE PHOTO: The logo of German carmaker Volkswagen is seen on a… Continue reading Volkswagen-SAIC JV to revamp Shanghai plants to make Audi sedans: government document
@VW Group: SITECH and Brose planning to set up a global system supplier for complete seats
Volkswagen AG and the automotive supplier Brose are planning to create a joint venture devoted to complete seats, seat structures and seat components. The Volkswagen subsidiary SITECH will become part of the joint venture. Brose will hold a 50 percent stake in the company. Volkswagen AG and the Brose Group will each own half of… Continue reading @VW Group: SITECH and Brose planning to set up a global system supplier for complete seats
Auto industry: Volkswagen and Brose cooperate on car seats
Michael Stoschek Brose owner Michael Stoschek is confident that the joint venture will play a leading role in the market. (Photo: dpa) Munich The approximately 5000 employees of the VWSubsidiary Sitech get a new owner. Explained on Monday Volkswagen and the Franconian automotive supplier Brose want to set up a joint venture to produce car… Continue reading Auto industry: Volkswagen and Brose cooperate on car seats