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CK Holdings Co., Ltd. completes acquisition of Magneti Marelli from FCA

“ CK Holdings Co., Ltd. completes acquisition of Magneti Marelli from FCA Transaction will create a leading global independent automotive supplier 2 May 2019 CK Holdings Co., Ltd. (“CK Holdings”), a holding company of Calsonic Kansei Corporation (“Calsonic Kansei”), today announces the completion of its previously announced acquisition of Magneti Marelli S.p.A. (“Magneti Marelli”) from Fiat… Continue reading CK Holdings Co., Ltd. completes acquisition of Magneti Marelli from FCA

NIO has laid off 70 employees and closed an office in Silicon Valley

Chinese EV startup NIO has laid off 70 employees across two Silicon Valley offices, one of which is now closed, according to a filing with California’s Employment Development Department. The cuts started in early April, shortly after the startup announced it was laying off 3 percent of its workforce in China. Twenty employees were let… Continue reading NIO has laid off 70 employees and closed an office in Silicon Valley

UPDATE 1-FCA completes sale of Magneti Marelli for 5.8 bln euros

(Adds details) MILAN, May 2 (Reuters) – Fiat Chrysler Automobiles said it had completed the sale of its car parts unit Magneti Marelli to Calsonic Kansei for 5.8 billion euros ($6.5 billion), slightly below the initial price tag due to the unit’s changed financial position. Fiat Chrysler (FCA) last year agreed to sell Magneti Marelli… Continue reading UPDATE 1-FCA completes sale of Magneti Marelli for 5.8 bln euros

Mobility-as-a-Service (MaaS) business is booming in India

As the population in India grows, so does the need for more mobility companies. India is home to 1.3 billion people, making it the country with the second largest population in the world. Experts at Urban Transport News believe India’s population will increase 22% by 2030. With rapid urbanization and a growing population, efficient mobility… Continue reading Mobility-as-a-Service (MaaS) business is booming in India

Ford Sharpens Focus on Customer Experience; Expanded Investment, Programs Save Time and Money, Reward Loyalty

Loyal customers benefit from new, industry-exclusive FordPass Rewards program that offers complimentary vehicle maintenance when members purchase or lease a new Ford vehicle; in addition, customers earn points on service spending at Ford dealerships DEARBORN, Mich., May 2, 2019 – From simplifying the vehicle leasing process to saving customers time on maintenance to rewarding their… Continue reading Ford Sharpens Focus on Customer Experience; Expanded Investment, Programs Save Time and Money, Reward Loyalty

DELFINGEN to present its technical belts and straps expertise at “Techtextil 2019” in Germany

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02
May 2019

DELFINGEN to present its technical belts and straps expertise at “Techtextil 2019” in Germany

DELFINGEN will attend the 2019 edition Techtextil from 14 to 17 May 2019 in Frankfurt am Main, Germany. Techtextil is the leading international trade fair for technical textiles and nonwovens. There will be presented the entire spectrum of technical textiles, functional apparel textiles and textile technologies. In 2017, 34.000 visitors from 104 different countries came to find out about the new developments offered by over 1.400 exhibitors.

Since 2014, MBG Techbelt Innovation GmbH, a subsidiary of DELFINGEN, has been offering technical belts and straps.
At Techtextil our team will present our solutions for a wide range of applications:

Mobile Safety & Comfort
high quality webbings for safety and comfort in passenger transport

Industry & Logistics
webbings for the production of lifting tackles for the field of industry and logistics

Personal Protection
belts and straps for personal protection equipment for climbing, mountaineering and operational safety

Lifestyle & Leisure
solutions for various applications in living and leisure environments

Come and visit us Booth 3.1, stand E98!

India’s Ola seeks to raise $355m more in Series J funding

May 2, 2019 Indian ride-hailing company Ola is planning to raise additional $355 million (Rs 2,469.8 crore) as part of its ongoing funding round, according to the company’s filings with the Registrar of Companies (RoC) sourced by paper.vc. The Bengaluru-based company is looking to raise a total of $1 billion in the Series J round,… Continue reading India’s Ola seeks to raise $355m more in Series J funding

Tempo Raises £1.75M in Funding

Tempo, a London, UK-based intelligent, video-based hiring platform, raised £1.75m in funding. The round, which brought total funding raised to date to over £3m, was led by Hambro Perks and Michael and Derek Jacobson, with participation from Chris Bruce and Michael Whitfield, the founders of Thomsons Online Benefits. The company intends to use the funds… Continue reading Tempo Raises £1.75M in Funding

RideCell expands funding round to $60 million – TechCrunch

RideCell, a transportation software startup, has doubled its previously announced Series B funding round to $60 million, a sign that investors believe demand for cloud-based mobility platforms will grow as more companies try to scale up car-sharing, ride-hailing and even robotaxi businesses. The company, which has developed a platform designed to help car-sharing, ride-sharing and autonomous… Continue reading RideCell expands funding round to $60 million – TechCrunch

Faraday Future is working with ‘a bankruptcy legend’ to stave off collapse

Beleaguered electric vehicle startup Faraday Future is restructuring in order to survive. The company announced a new deal on Monday that could chart a path forward. The startup has been without a main financial backer for months, is unable to bring back hundreds of employees still on unpaid leave, and recently sold its own headquarters… Continue reading Faraday Future is working with ‘a bankruptcy legend’ to stave off collapse