Vospers is investing £12m in a new multi-franchise site in Matford, Exeter to open in late 2018. The site will have a FordStore, showrooms for Ford, Mazda, Fiat, Jeep, and Alfa Romeo and a 28-bay workshop. There will also be four larger car and van bays for while u wait servicing, where two technicians will… Continue reading Vospers invests £12m in Exeter multi-franchise dealership
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Jim Ratcliffe’s battle plan for his own Land Rover Defender
Jim Ratcliffe, the billionaire chemicals tycoon, is nearing a decision on where to build his new alternative to the Land Rover Defender — with two sites in Britain still in the running. The £700m project is expected to create 1,000 direct jobs and support possibly 5,000 more in the supply chain. A team of 200… Continue reading Jim Ratcliffe’s battle plan for his own Land Rover Defender
Vietnam: Singapore’s Insignia Ventures invests $600K in truck platform LOGIVAN
March 23, 2018 Singapore-based Insignia Ventures Partners, founded by former Sequoia Capital venture partner Yinglan Tan, has invested $600,000 in Vietnamese freight-with-trucker connecting platform LOGIVAN. Linh Pham, Founder of LOGIVAN confirmed the investment with DEALSTREETASIA in an interaction. She told the portal that the newly-raised capital will enable it to expand to Ho Chi Minh… Continue reading Vietnam: Singapore’s Insignia Ventures invests $600K in truck platform LOGIVAN
Matrix Partners co-leads $473m round in China’s electric car maker CHJ Automotive
March 23, 2018 Chinese electric car startup CHJ Automotive has pocketed Rmb3 billion ($473 million) in its Series B funding round led by Matrix Partners China and Shougang Fund’s new energy fund portfolio, according to Chinese media reports. CHJ Automotive, described by Western media as a Chinese rival to Tesla, said the funding round was… Continue reading Matrix Partners co-leads $473m round in China’s electric car maker CHJ Automotive
Dana Secures Contract to Supply Axles for Next-Generation Jaguar, Land Rover Programs
MAUMEE, Ohio, March 22, 2018 /PRNewswire/ — Dana Incorporated (NYSE: DAN) has announced new contracts to supply front and rear axles for the next generation of iconic Jaguar and Land Rover luxury vehicles. The estimated value for these programs total more than £300 million. Dana’s latest Spicer® AdvanTEK® axles will deliver greater power density in… Continue reading Dana Secures Contract to Supply Axles for Next-Generation Jaguar, Land Rover Programs
Mahindra and Ford Sign MoUs to Co-Develop Midsize and Compact SUV, Electric Vehicle and Connected Car Solutions
Strengthen strategic collaboration focusing on product development for India and emerging markets Agree to evaluate co-development of compact SUV and electric vehicle, along with sharing powertrain portfolios Embark on joint development of connected vehicle solutions Chennai, India, March 22, 2018 – Mahindra Group and Ford Motor Company will jointly develop new SUVs, and a small… Continue reading Mahindra and Ford Sign MoUs to Co-Develop Midsize and Compact SUV, Electric Vehicle and Connected Car Solutions
Walmart will sell cars in 250 of its stores
A year ago the giant of the retail distribution of the United States announced that it was entering a completely new part for them in terms of commercialization, that of the sale of vehicles. Until now, it offered this possibility in 25 of its establishments, but now it publishes that it will extend the initiative… Continue reading Walmart will sell cars in 250 of its stores
Auto parts supplier: ZF Friedrichshafen pumps billions into development
ZF Friedrichshafen ZF, which belongs to the Zeppelin Foundation of the city of Friedrichshafen, is planning two new plants for the production of parts for electric drives. (Photo: AP) The auto supplier ZF Under his new boss, Wolf-Henning Scheider, Friedrichshafen does not want to let up in the race for new products for electric and… Continue reading Auto parts supplier: ZF Friedrichshafen pumps billions into development
ZF posts record sales in 2017; announces increased research and development activities
“The world of mobility is spinning at high speed,” said Scheider. “We plan to provide our customers with pioneering solutions in all fields under our motto ‘See – Think – Act’, which is why we will further increase our research and development spending.” In 2017, ZF spent €2.2 billion on research and development, an increase… Continue reading ZF posts record sales in 2017; announces increased research and development activities
ZF Supervisory Board Starts New Term of Office
The three new members appointed to ZF’s Supervisory Board are: Dr. Gisela Lanza, who holds a Professorship for Production System and Quality Management at the Karlsruhe Institute für Technology (KIT); Axel Strotbek, who was Chief Financial Officer at Audi AG until September 2017; Dr. Mohsen Sohi, Chief Executive Officer of Freudenberg SE, the Technology Group.… Continue reading ZF Supervisory Board Starts New Term of Office