HBPO is specialized in the assembly, logistics, development, and design of front-end modules, consisting of bumpers, lighting systems, and cooling components. Assembly of front-end modules is not integral to MAHLE’s core business. MAHLE focuses on the development and production of cooling modules. The cooling modules installed in the front-end module are usually commissioned by the… Continue reading Withdrawal from joint venture: MAHLE plans to sell HBPO shares to Plastic Omnium
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How Geely’s Li Shufu spent months stealthily building a $9 billion stake in Daimler
SHANGHAI/BEIJING (Reuters) – When Daimler announced that Li Shufu had acquired almost 10 percent of the automaker last Friday, it caught financial markets – and German regulators – by surprise. Although the move seemed sudden, the head of the Chinese carmaker Geely had, according to multiple sources and documents reviewed by Reuters, spent months stealthily… Continue reading How Geely’s Li Shufu spent months stealthily building a $9 billion stake in Daimler
Porsche Reports February 2018 Sales
ATLANTA, March 1, 2018 /PRNewswire/ — Porsche Cars North America, Inc. (PCNA), importer and distributor of the Porsche 911, 718 Boxster and Cayman, Panamera, Cayenne, and Macan, today announced February 2018 retail sales of 4,382 vehicles, up 20.5 percent from February 2017. Year-to-date, Porsche recorded sales of 9,198, an 11.6 percent increase over the same period… Continue reading Porsche Reports February 2018 Sales
Subaru of America, Inc. Announces February Sales
CHERRY HILL, N.J., March 1, 2018 /PRNewswire/ — Best February ever – monthly sales increase 3.8 percent over February 2017 75 consecutive months of yearly month-over-month growth Best February ever for Crosstrek and Outback 48 consecutive months of more than 10,000 Outbacks sold 55 consecutive months of more than 10,000 Foresters sold Subaru of America,… Continue reading Subaru of America, Inc. Announces February Sales
Toyota Motor North America Reports February 2018 Sales
PLANO, Texas, March 1, 2018 /PRNewswire/ — Toyota Motor North America (TMNA) today reported February 2018 sales of 182,195 vehicles, an increase of 4.5 percent from February 2017 on a volume basis. With the same amount of selling days in February 2018 compared to February 2017, sales were up 4.5 percent on a daily selling rate… Continue reading Toyota Motor North America Reports February 2018 Sales
Harley-Davidson and Alta Motors to co-develop electric motorcycles
Motorcycle giant Harley-Davidson is now a stakeholder in Alta Motors, the electric motorcycle and light vehicle EV drivetrain maker based in Brisbane, California. Harley-Davidson and Alta made the investment public today, and also announced that Alta Motors will collaborate with the legendary motorbike maker on building future electric motorcycles as part of the deal. This… Continue reading Harley-Davidson and Alta Motors to co-develop electric motorcycles
Ford F-Series Marks Best February Results in 18 Years While All-New Ford Expedition Posts 41 Percent Retail Sales Increase; Lincoln Navigator Posts Gains In All Regions
About Ford Motor Company Ford Motor Company is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles, provides financial services through Ford Motor Credit Company and is pursuing leadership positions in electrification, autonomous vehicles and mobility solutions.… Continue reading Ford F-Series Marks Best February Results in 18 Years While All-New Ford Expedition Posts 41 Percent Retail Sales Increase; Lincoln Navigator Posts Gains In All Regions
Chehaoduo, Formerly Guazi, Raises $818M Series C Round Led By Tencent
Chehaoduo, a Chinese auto retail services platform formerly known as Guazi, has raised US$818 million series C round of financing led by Tencent Holdings Ltd. New investors including ICBC International, Yunfeng Capital, FountainVest Partners, GIC, IDG Capital and Taihe Capital also participated in the latest round. Existing investors Sequoia Capital China, H Capital, DST Global,… Continue reading Chehaoduo, Formerly Guazi, Raises $818M Series C Round Led By Tencent
Group restructuring: PSA boss Carlos Tavares prepares Opel for tough decisions
PSA boss Carlos Tavares “We do not dictate, we do not give guidance, I just ask questions – sometimes meaningful, sometimes stupid.” (Photo: Reuters) ParisCarlos Tavares is known as a tough guy. On Thursday at the annual press conference, the head of the auto company PSA (Peugeot, Citroën, Opel) gave even more unforgiving: “We must… Continue reading Group restructuring: PSA boss Carlos Tavares prepares Opel for tough decisions
Dyson electric car project to recruit 300 new engineers
Dyson wants to grow its EV programme workforce by 300 people in a bid to ramp up the pace of development before its first car reaches the market in 2019. The British brand, a leader in vacuum cleaners and hand dryers, already has 400 employees focused on the project, but is now “looking to fill an… Continue reading Dyson electric car project to recruit 300 new engineers