Tempe, Arizona-based automotive material maker SDC Materials, Inc. has completed an undisclosed round of new financing led by SAIC Capital, the venture capital investment arm of Chinese car maker SAIC Motor Corporation, according to a company announcement. Existing investors, including General Motors Ventures, BASF Venture Capital, Volvo Group Venture Capital, Invus Financial Advisors and Emerald… Continue reading SAIC Capital Leads New Funding Round In SDC Materials
Tag: GM
“The man who knows the costs”
Opel is in crisis – and should be sold to PSA. The former finance manager Michael Lohscheller should guide Opel as the new boss. What are his biggest challenges? Michael Lohscheller Monday, 12.06.2017 20:14 clock As man for the numbers came to finance boss Michael Lohscheller Opel, as new CEO, he will now continue. The… Continue reading “The man who knows the costs”
SPD man Machnig to be Opel coordinator
The Federal Government is preparing for negotiations on a sale of Opel: According to correspondence media reports, SPD Secretary of State Matthias Machnig chief negotiator. State Secretary Machnig (2015) Thursday, 16.02.2017 12:51 clock Minister of economic Affairs Matthias Machnig (SPD) is to serve for the German Federal Government as a central point of contact for… Continue reading SPD man Machnig to be Opel coordinator
Peugeot boss wants to talk with Merkel about Opel
The possible sale of Opel to Peugeot is met with skepticism by the German government and trade unions. Peugeot boss Tavares wants to advertise personally for the project. Mary Barra, boss of the former owner General Motors, has already traveled to Germany. PSA boss Carlos Tavares Wednesday, 15.02.2017 11:05 clock The Peugeot parent PSA is… Continue reading Peugeot boss wants to talk with Merkel about Opel
So threatening are Opel and Peugeot for Volkswagen
After the Opel takeover, PSA will be Europe’s second-largest automaker. The group is a real threat to the market leader VW – especially in the future field of electromobility. TESSON / EPA / REX / Shutterstock Carlos Tavares Monday, 06.03.2017 20:40 PSA boss Carlos Tavares prefers to lead his company with clear goals. The avid… Continue reading So threatening are Opel and Peugeot for Volkswagen
Peugeot pays 1.3 billion euros for Opel
Now there is clarity for the Opel employees: PSA Peugeot Citroën and General Motors have agreed on the sale of Opel. Now the car maker is facing a tough rehabilitation route. TESSON / EPA / REX / Shutterstock PSA boss Carlos Tavares Monday, 06.03.2017 13:44 clock The sale is sealed: The French carmaker PSA Peugeot… Continue reading Peugeot pays 1.3 billion euros for Opel
Rabenmutter
At Opel, it’s all about the whole thing: Just for the German GM daughter it was better again, because the Americans want to hit them again. How big is the damage this time? Wednesday, 15.02.2017 18:35 clock The tragedy of the automaker Opel shows up this week Friday in a small room. When it comes… Continue reading Rabenmutter
Miraculous unity
Written guarantees demanded the Opel works council in the deal between GM and PSA – and threatened with strikes. Now, the executive and employee side of the German car company agree. There is hardly anything achieved. picture alliance / dpa Employee at Opel Thursday, 06.04.2017 17:21 clock Two weeks ago, it seemed to be high… Continue reading Miraculous unity
PSA boss Tavares wants to trim Opel on profits
In the middle of the talks about an Opel purchase, the French auto giant PSA is setting its margin targets high. CEO Tavares now wants to help the loss-making German manufacturer on its feet. The bar is high. PSA boss Carlos Tavares Thursday, 23.02.2017 10:04 The French carmaker PSA Peugeot Citroën is facing a possible… Continue reading PSA boss Tavares wants to trim Opel on profits
Peugeot supervisory board agrees Opel purchase
The purchase of Opel by PSA Peugeot Citroën is getting closer. Now apparently the control committee of the French car maker has cleared the way for the takeover. Getty Images Opel headquarters in Rüsselsheim Friday, 03.03.2017 18:41 clock The board of directors of the French car maker PSA Peugeot Citroën has cleared the way for… Continue reading Peugeot supervisory board agrees Opel purchase