The head of Peugeot and Citroen (PSA) has met with Vauxhall union bosses for a “frank exchange” of ideas, as the French company weighs up how it will integrate the British brand into its portfolio of companies. The Unite union’s general secretary, Len McCluskey, said the meeting with Carlos Tavares, PSA’s chief executive, was “constructive”, and Tavares repeated his… Continue reading Peugeot Citroen boss seeks to avoid further Vauxhall job losses in meeting with Union
Tag: M and A
Halberg casting: VW Schreck Prevent buys
Automotive supplier Prevent The supplier group became known in the summer of 2016 due to its dispute with the Volkswagen Group. (Photo: AP) The German-Bosnian automotive supplier group Prevent surprises with another acquisition. Prevent takes over the medium-sized casting company Halberg Guss from Saarbrücken, as the supplier confirmed on Monday. For the purchase price, both… Continue reading Halberg casting: VW Schreck Prevent buys
Uber Eats acquires Ando, the food delivery startup from David Chang that makes its own food
As food delivery hopefuls like Deliveroo and Amazon get more involved in the making of food themselves, Uber’s food delivery branch Uber Eats has made an acquisition that could see the company also producing more of the product it’s bringing to its customers. Ando — the delivery-only ‘restaurant’ founded by Momofuku chef David Chang —… Continue reading Uber Eats acquires Ando, the food delivery startup from David Chang that makes its own food
GCA takes over BMW in Meaux and Fiat in Avranches
The group led by David Gaist begins the 2018 exercise with two new developments. With the German brand, the operator is opening a new geographical map … It’s hard to start the year 2018. Indeed, the GCA group continues to grow in the BMW / MINI brands by taking over the JDB concession from Meaux… Continue reading GCA takes over BMW in Meaux and Fiat in Avranches
Uber rival Cabify has raised another $160M at a $1.4B valuation
Cabify, the Madrid-based startup that competes with the likes of Uber and 99 in Latin America as well as the Iberian peninsula, has closed out another round of funding as competition continues to heat up in the on-demand transportation sector. Cabify’s parent company Maxi Mobility has raised $160 million at a valuation of $1.4 billion,… Continue reading Uber rival Cabify has raised another $160M at a $1.4B valuation
Didi Chuxing’s Bluegogo Bikes Banned In Shenzhen Due To Unpaid Debts
The government of Shenzhen has banned the deployment in its city of bikes by Bluegogo, the bike sharing start-up controlled by China’s largest ride sharing firm Didi Chuxing, citing problems with bad debts. The announcement comes just two weeks after Didi formed a partnership with Bluegogo and started to integrate the services of the collapsing… Continue reading Didi Chuxing’s Bluegogo Bikes Banned In Shenzhen Due To Unpaid Debts
China’s Biggest Electric-Car Maker to List in $4.5 Billion Deal
China’s biggest electric-car maker will gain a stock market listing in an asset swap valuing the state-backed manufacturer at 28.8 billion yuan ($4.5 billion) and giving investors a bigger chance to participate in the world’s largest market for new-energy vehicles. One of BAIC Group’s publicly traded affiliates, Chengdu Qian Feng Electronics Co., will buy Beijing Electric… Continue reading China’s Biggest Electric-Car Maker to List in $4.5 Billion Deal
22 Jan 2018 Driveline Major programme wins power GKN to £2bn eDrive order book
Significant contract wins strengthen GKN’s leadership position in eDrive Sales forecast to grow from £33 million in 2017 to £500 million by 2022 Company introducing next-generation electric driveline technologies and rapidly bringing full systems capability to the market R&D spend in 2017 totals £36 million making £123 million over the past six years and securing… Continue reading 22 Jan 2018
Driveline
Major programme wins power GKN to £2bn eDrive order book
48V all-electric prototype systems
Valeo’s new low-voltage (48V) all-electric prototype has make its world début at CES 2018. As countries and major cites become more and more intent on reducing CO2 emissions, this system offers a new angle on the future shape of urban mobility. The 48V all-electric tech demo was developed in partnership with Shanghai Jiao Tong University.… Continue reading 48V all-electric prototype systems
Comparing Lidar and Photogrammetric Point Clouds – 19/01/2018
Point Clouds for Inspecting Flood Control Structures Airborne Lidar and photogrammetry are both viable methods for capturing point clouds for 3D modelling of man-made hard structures. Although both methods produce point clouds, the manner of capturing data differs in many ways, resulting in point clouds with differing characteristics. In this article, the author evaluates Lidar… Continue reading Comparing Lidar and Photogrammetric Point Clouds – 19/01/2018