Automaker BAIC Group today announced the completion of the critical construction and equipment installation milestones for Phase 1 of the historic R11billion investment which was announced in 2016. At a special milestone event hosted today (Tuesday, 24 July 2018), BAIC announced the completion of the semi-knocked-down (SKD) line and satisfactory progress on construction work streams of… Continue reading BAIC Group announces R11-billion SA plant set to go live in 2018 Q4 – Job boost for locals, vehicle production to begin
Tag: Daimler
Geely-owned Volvo’s IPO sees lower valuations in initial investor feedback
July 24, 2018 Initial investor feedback has valued Volvo Cars far below owner Zhejiang Geely Holding Group Co.’s top-end estimates for a potential listing, people familiar with the matter said. Institutional investors have indicated the Swedish carmaker is worth about $12 billion to $18 billion in early meetings to discuss an initial public offering, the… Continue reading Geely-owned Volvo’s IPO sees lower valuations in initial investor feedback
Magna-BAIC deal raises prospects for an ‘automotive Foxconn’ in China
July 23, 2018 In China, where the future of the car is looking more and more electric, newcomers to the auto industry are looking for partners to help them build their vehicles. Enter Canadian auto supplier Magna International which aims to spearhead a shift to contract vehicle manufacturing through its new partnership with state-owned Chinese… Continue reading Magna-BAIC deal raises prospects for an ‘automotive Foxconn’ in China
Tesla to unveil new model in St. Louis
Tesla said they have received nearly a half-million reservations for the new model. The Model 3 also was awarded Design of the Year by Automobile Magazine and designated a “recommended buy” by Consumer Reports. Read more from the St. Louis Business Journal: Rental scooters off St. Louis streets — for now How likely are you… Continue reading Tesla to unveil new model in St. Louis
Daniela Gerd tom Markotten: Moovel boss will lead mobility alliance of Daimler and BMW
All articles and backgrounds 07/19/2018 Daniela Gerd tom Markotten Moovel’s boss will lead a mobility alliance between Daimler and BMW Daimler Daniela Gerd tom Markotten is to expand the joint mobility provider of Daimler and BMW globally and make it ready for the stock market in the long term Daniela Gerd tom Markotten (43) becomes… Continue reading Daniela Gerd tom Markotten: Moovel boss will lead mobility alliance of Daimler and BMW
Big bang at the German Continental
Eleven years after its acquisition of Siemens VDO for more than 11 billion euros, the German Continental is preparing to partially cede these activities. With 40,000 employees for a turnover The transmission division (Powertrain) is expected to be listed on the stock market from mid-2019 as part of a major reorganization, the second-largest German automotive… Continue reading Big bang at the German Continental
Coast Autonomous’ self-driving shuttles are boring, and that’s by design
Between 47th and 48th streets in the heart of Times Square, Coast Autonomous, a startup based in Pasadena, California, today showed off the fruit of its six-year research project: a slow-moving, self-driving shuttle designed to ferry folks from destination to destination at speeds of around 25 miles per hour. I stopped by and hitched a… Continue reading Coast Autonomous’ self-driving shuttles are boring, and that’s by design
And now a manipulation reproach
e s would have been too nice, if it had simply remained quiet for a while at the Opel plant in Rüsselsheim. But hardly was it in the past week in the three-week plant holidays, emerged a long-believed history back from the sinking: The company should state within two weeks to the charge that the… Continue reading And now a manipulation reproach
Mercedes delivers a bull
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China is Europe in battery production consider
D The first battery cell production for electric cars on German soil is being built in Erfurt, Thuringia. But her owner is not a German automaker. The operator comes from far away China. Contemporary Amperex Technology Co. Limited (CATL) is the name of the company, which is currently emerging as the world leader in the… Continue reading China is Europe in battery production
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