The Chinese manufacturer of electric cars Nio sees big. He has mandated eight banks including Morgan Stanley and Goldman Sachs, for an IPO this year in New York, according to Reuters, which quotes sources close to the case. The operation could allow him to raise up to two billion dollars (1.6 billion euros). Nio, founded… Continue reading To compete with Tesla, Chinese automaker Nio would like to raise $ 2 billion in New York
Tag: Manufacturing
China startup Nio hires eight banks for $2 bn US IPO
Other banks are Bank of America Merrill Lynch, Credit Suisse, Citigroup, Deutsche Bank, JPMorgan and UBS, said the people, declining to be identified as the deal details are not public. HONG KONG: Chinese electric vehicle startup Nio has hired eight banks including Morgan Stanley and Goldman Sachs to work on a planned US stock market… Continue reading China startup Nio hires eight banks for $2 bn US IPO
Honda to unveil the all-new CR-V at the Geneva Motor Show
Honda is set to reveal the European production version of the all-new CR-V at the 2018 Geneva Motor Show. The new generation of the world’s best-selling SUV* raises the bar in terms of interior quality, refinement and spaciousness – including, for the first time, the option of seven seats. The chassis is also the… Continue reading Honda to unveil the all-new CR-V at the Geneva Motor Show
News Release – Magna to Hold Investor Day
Please click HERE for a PDF version of the release. AURORA, Ontario, Feb. 27, 2018 (GLOBE NEWSWIRE) — On Wednesday, February 28, 2018, Magna International Inc. (TSX:MG) (NYSE:MGA), a technology company and global leader in the automotive industry, will hold an Investor Day event. Magna management will present on the state of the company, how… Continue reading News Release – Magna to Hold Investor Day
German cities can ban diesel cars, top court rules
LEIPZIG (Germany) • A top German court yesterday ruled in favour of allowing major cities to ban the most heavily polluting diesel cars, a move set to hit the value of 12 million vehicles in Europe’s largest car market and probably force carmakers to pay for costly modifications. There has been a global backlash against… Continue reading German cities can ban diesel cars, top court rules
Axon Automotive expands in larger factory
Axon Automotive has recently moved from its start-up location in Wollaston to a significantly bigger 4180 sq. m (45,000 sq. ft) factory site on the Brackmills Industrial Estate, also in Northamptonshire. This relocation, funded by new parent company Bawtry Investments, is in response to a fourfold increase in business over the last two years. Growth… Continue reading Axon Automotive expands in larger factory
Ford abandons Blanquefort
The manufacturer has announced that it will no longer invest in its gearbox production site in Gironde. For his part, Bruno Le Maire reacted, asking the manufacturer to ensure the sustainability of the plant. A thousand jobs are threatened. Would Ford abandon Blanquefort? Given the release sent by the American brand, it takes the way.… Continue reading Ford abandons Blanquefort
Diesel cars can be banned from German cities, court rules
LEIPZIG, Germany (Reuters) – German cities can ban the most heavily polluting diesel cars from their streets, a court ruled on Tuesday, a move likely to be mirrored in other parts of Europe and to force automakers to pay to improve exhaust systems or switch to cleaner vehicles. There has been a global backlash against… Continue reading Diesel cars can be banned from German cities, court rules
We’re Going to Miami: The First Proving Ground for Our Self-Driving Service
About Ford Motor Company Ford Motor Company is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles, provides financial services through Ford Motor Credit Company and is pursuing leadership positions in electrification, autonomous vehicles and mobility solutions.… Continue reading We’re Going to Miami: The First Proving Ground for Our Self-Driving Service
Mahindra, LG Chem to develop Li-ion battery
The facility will come up on a 88-acre plot, and create 600 jobs, said industries minister RV Deshpande. NEW DELHI: Automaker Mahindra & Mahindra (M&M) has announced a tie-up with Korea-based battery manufacturer LG Chem for development of a unique cell exclusively for India. LG Chem will develop a unique cell exclusively for India application… Continue reading Mahindra, LG Chem to develop Li-ion battery