UK engineering giant GKN has agreed to merge part of its business with US company Dana, as it seeks to fend off a takeover bid from Melrose Industries. The merger will combine GKN’s Driveline division with US auto-engineer Dana in a deal worth $6.1bn (£4.4bn). It comes as Melrose has a £7.4bn offer on the… Continue reading GKN and Dana agree auto-engineering merger for $6.1bn
Tag: People
Same driver, different vehicle: Bringing Waymo self-driving technology to trucks
Same driver, different vehicle: Bringing Waymo self-driving technology to trucks Waymo’s mission has always been to make it safe and easy for people and things to move around. So far, the focus has mostly been on people; last fall we put the world’s first fleet of fully self-driving cars on public roads in the Phoenix area.… Continue reading Same driver, different vehicle: Bringing Waymo self-driving technology to trucks
Dana Announces Agreement to Combine with GKN’s Driveline Division
MAUMEE, Ohio, March 9, 2018 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today that it has signed definitive agreements to combine with the Driveline division of GKN plc (LON: GKN) to create Dana plc, a global leader in driveline systems. The total consideration is composed of $1.6 billion in cash proceeds to GKN plc, the assumption… Continue reading Dana Announces Agreement to Combine with GKN’s Driveline Division
Mazda and Toyota invest 1,300 million in a joint venture to produce 300,000 vehicles in the US
Posted 09/03/2018 11: 42: 09CET HUNTSVILLE (UNITED STATES), 9 Mar. (EUROPA PRESS) – Mazda and Toyota have invested 1,600 million dollars (1,300 million euros at the current exchange rate) in a joint venture with headquarters in Huntsville, in the State of Alabama (United States), through which they will manufacture up to 300,000 vehicles from of… Continue reading Mazda and Toyota invest 1,300 million in a joint venture to produce 300,000 vehicles in the US
Grab Unveils Southeast Asia’s First Bike-Sharing Marketplace App
Singapore, 9 March 2018 – Grab, the leading on-demand transportation and mobile payments platform in Southeast Asia, today unveiled GrabCycle Beta, a marketplace app that will bring mobility partners oBike, GBikes, Anywheel and Popscoot into a single app. With GrabCycle, it’s easy for anyone to find a bike or an e-scooter whenever they need one.… Continue reading Grab Unveils Southeast Asia’s First Bike-Sharing Marketplace App
DENSO to Increase Its shareholding in Renesas Electronics Corporation
KARIYA (Japan) ― DENSO Corporation today announced that it has decided to increase its shareholding in Renesas Electronics Corporation to accelerate the development of various in-vehicle systems including automated driving systems that are becoming more advanced, complicated, and larger in scale than ever before. Renesas has cutting-edge technologies for semiconductors that serve as the key devices… Continue reading DENSO to Increase Its shareholding in Renesas Electronics Corporation
A production version of the world’s first ‘real’ flying car has been unveiled at a motor show in Geneva.
The £440,000 ($600,000) twin-engine ‘Pal-V’ craft looks like a hybrid between a motorbike and a helicopterA production version of the vehicle has been displayed for the first time ahead of initial batch shipping in 2019The first edition Pal-V Liberty will cost £437,000 ($599,000) and have a flying range of of 248 an 310 milesThe craft is… Continue reading A production version of the world’s first ‘real’ flying car has been unveiled at a motor show in Geneva.
News Release – Magna Launches New Composites Center of Excellence in Germany
Please click HERE for a PDF version of the release. Brings advanced composites and carbon fiber expertise to European market Develops lightweight structural and exterior components Enables joint development projects with European automakers SAILAUF, Germany, March 07, 2018 — Magna’s new Composites Center of Excellence in Esslingen, Germany, aims to help European automakers meet increasingly… Continue reading News Release – Magna Launches New Composites Center of Excellence in Germany
Ensuring safety in autonomous cars
KITT, the Batmobile, that awesome Audi in I, Robot. People have been imagining self-driving cars for generations. One day, people will be able to effortlessly cruise around and fight crime, or maybe just take a nap – we’re not all action heroes – but what would it really take to have a level 5 autonomous… Continue reading Ensuring safety in autonomous cars
Citroën shows its priorities internationally
Linda Jackson, director of Citroën, took advantage of Geneva to present the brand’s battle plan to the rafters internationally. In the spotlight: Latin America, Eurasia and the Middle East in particular. Silence on the other hand on its first market outside Europe, China and Southeast Asia, battered in 2017. In 2017, Citroën achieved 26% of… Continue reading Citroën shows its priorities internationally