After years of explosive growth, China’s vast sharing economy is entering consolidation mode. The latest merger news comes from Chinese Uber-like truck logistics leaders Yumanman and Huochebang, both valued at US$1 billion on China Money Network’s China Unicorn Ranking. The deal may herald more mega-mergers in the sharing space due to intense competition and overlapping business… Continue reading China’s Uber-Like Trucking Unicorns Merge As Sharing Economy Consolidates
Tag: People
Delphi Closes Acquisition of nuTonomy
BOSTON, Nov. 21, 2017 /PRNewswire/ — Delphi Automotive PLC (NYSE: DLPH), soon to be Aptiv (NYSE: APTV), announced today that it has closed its acquisition of nuTonomy, a leading developer of autonomous driving (AD) software solutions. The addition of nuTonomy further strengthens Aptiv’s position as a technology leader in the global autonomous mobility market. nuTonomy… Continue reading Delphi Closes Acquisition of nuTonomy
A New Way to Think about Snowstorms – Foul Weather Proves a Hot Topic at ITS World Congress in Montreal
A vision of transportation’s future As cities stock up on deicers and snowplow drivers prepare for long nights, tech companies, automakers, policymakers and others at ITS World Congress in Montreal are talking about ways to make transportation safer in foul weather. Held annually, ITS World Congress brings together people to hash out how transportation is… Continue reading A New Way to Think about Snowstorms – Foul Weather Proves a Hot Topic at ITS World Congress in Montreal
FAURECIA SIGNS A JOINT VENTURE WITH BYD FOR SEATING SOLUTIONS
Shanghai (China), October 31, 2017FAURECIA SIGNS A JOINT VENTURE WITH BYDfor seating solutionsOctober 31, 2017, Shenzhen – Faurecia, one of the world’s largest automotive suppliers, today announced its new joint venture with the pioneering Chinese electric vehicle OEM, BYD. The new company, called Shenzhen Faurecia Automotive Parts Co., Ltd. (70% Faurecia – 30% BYD) aims… Continue reading FAURECIA SIGNS A JOINT VENTURE WITH BYD FOR SEATING SOLUTIONS
FAURECIA : NOMINATION DE NOUVEAUX ADMINISTRATEURS
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FAURECIA : APPOINTMENT OF NEW BOARD MEMBERS
Nanterre, October 30, 2017APPOINTMENT OF NEW BOARD MEMBERSEffective immediately, the Faurecia Board of Directors has agreed to appoint Valérie Landon as a new Board member. Ms Landon replaces Amparo Moraleda, following her decision to leave the Faurecia Board.Faurecia’s Board of Directors also acknowledged the appointment of two new members, who will represent Faurecia employees, effective… Continue reading FAURECIA : APPOINTMENT OF NEW BOARD MEMBERS
Tokai University Solar Car Team Supported by Panasonic Completes the 3,000km “Bridgestone World Solar Challenge 2017”
Adelaide, Australia – The solar car race, “Bridgestone World Solar Challenge (WSC) 2017,” began in Australia on October 8, 2017, and the Tokai University Solar Car Team powered by Panasonic’s “HIT(TM)” solar modules and high capacity lithium-ion batteries crossed the finish line in fourth place. (Top class results among teams using silicon solar modules. *Please… Continue reading Tokai University Solar Car Team Supported by Panasonic Completes the 3,000km “Bridgestone World Solar Challenge 2017”
FAURECIA : Strong organic* growth at +10.7% in Q3 ; Increased outperformance vs. automotive production of 870bps in Q3 ; FY 2017 guidance confirmed
www.faurecia.com.A conference call for financial analysts and media will be held today at 6:30 pm (Paris time). It can also be followed on the Faurecia website (www.faurecia.com)Dial in numbers for the conference call:· France +33(0)1 76 77 22 28· UK +44(0)20 3427 0503· USA +1 646 254 3367Access code: 9333749CalendarJanuary 7-12, 2018: First… Continue reading FAURECIA : Strong organic* growth at +10.7% in Q3 ; Increased outperformance vs. automotive production of 870bps in Q3 ; FY 2017 guidance confirmed
“Unannounced exam” at BMW
In the course of the cartel allegations against the German auto industry uncovered by SPIEGEL, auditors of the EU Commission have made representations to BMW. Meanwhile, Daimler admitted that it had applied for leniency. The headquarters of the car manufacturer BMW in Munich. Friday, 20.10.2017 18:22 clock In the case of a suspected cartel against… Continue reading “Unannounced exam” at BMW
2018 Ford Expedition Starts Production At Kentucky Truck Plant
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2018 Ford Expedition Starts Production At Kentucky Truck Plant
30 Oct 2017, 16:54 UTC · by Mircea Panait
/ Home / News / Car Profile
Following an investment of $900 million, the Kentucky Truck Plant is capable of churning out the all-new Ford Expedition and Lincoln Navigator. After the luxed-up Navigator started production on September 25, the Expedition followed suit. One of the first customers of the full-size SUV is Houston pastor Develron Walker (pictured), who received his 2018 Expedition as a gift from FoMoCo.
26 photosWhy’s that? Hurricane Harvey took its toll on Develron’s church and community, as well as his previous car. Walker argues the church was denied both government assistance and a small business loan, despite the fact the pastor and his congregation helped 200 families following the storm. And that, ladies and gentlemen, is the narrative behind Ford’s generous benefaction.
“Even while facing extremely tough circumstances, Pastor Walker has shown his relentless commitment to helping those in his community, and we hope the Expedition will help him go further with his ministry as they rebuild,” declared Joe Hinrichs, the Dearborn-based automaker’s president of global operations.
Just like the previous Expedition, the 2018 Expedition is propelled by a 3.5-liter twin-turbo V6. The EcoBoost engine is rated at 375 horsepower and 470 pound-feet of torque, but there’s a more powerful tune available. Reserved for the Platinum trim level, the more potent EcoBoost develops 400 ponies and 480 pound-feet. Regardless of trim level and drivetrain specification, the newcomer relies on a 10-speed automatic transmission co-developed with GM.
Arriving at dealerships in the coming weeks, the 2018 Ford Expedition is expected to boast best-in-class mileage. What’s for certain, however, is that the redesigned Expedition is the best of its class in terms of towing, being capable of trailering 9,300 pounds (4,218 kilograms). Pricing kicks off at $51,695 for the Expedition XLT. The slightly longer XLT Max will set you back $54,385. At the other end of the spectrum, the 2018 Ford Expedition Platinum Max retails at $75,400.
Those interested in the 2018 Lincoln Navigator, well, the full-sized luxobarge is considerably more expensive. The base model starts at $72,055 while the Black Label retails at $93,705.
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