FRANKFURT (Reuters) – German markets regulator BaFin has found that transactions to buy a 9.69 percent Daimler stake on behalf of Geely chairman Li Shufu did not meet German disclosure rules, Germany’s Frankfurter Allgemeine Zeitung said. Investment bank Morgan Stanley should have disclosed its transactions on Feb. 22, 2018 rather than on Feb. 23, Frankfurter… Continue reading German regulator says Geely’s Daimler stake needed earlier disclosure -report
Tag: Daimler
Daimler: Geely threatens million fine for Daimler entry
Li Shufu The Geely founder is a major shareholder at Daimler. (Photo: obs) Dusseldorf / Frankfurt Negotiations on large deals are often sealed only in the early morning hours. That was the beginning of the Chinese automaker Geely at Daimler not otherwise. By the evening of February 22, the negotiations were well advanced. There left… Continue reading Daimler: Geely threatens million fine for Daimler entry
Geely threatens fine in the millions
With a spectacular coup Geely became a major shareholder of Daimler. But the Chinese automaker is said to have reported its involvement of the Financial Services Authority too late. A delicate punishment threatens. Geely owner Li Shufu and Daimler CEO Dieter Zetsche Saturday, 12.05.2018 14:23 clock Due to missed registration deadlines at the Daimler entry,… Continue reading Geely threatens fine in the millions
CORRECTED-UPDATE 1-Ford could reopen two U.S. truck plants next Friday -source
(Reuters) – Ford Motor Co (F.N) could resume production of its best-selling F-150 pickups as early as Friday, May 18 in Dearborn and Kansas City, according to a source familiar with the automaker’s plans. FILE PHOTO: A 2018 Ford F-150 “King Ranch” pickup truck is displayed during the North American International Auto Show in Detroit,… Continue reading CORRECTED-UPDATE 1-Ford could reopen two U.S. truck plants next Friday -source
Mercedes says parts shortages cause Alabama SUV production halt
May 11 (Reuters) – Mercedes-Benz said on Friday that SUV production at its Alabama plant stopped on Thursday because of parts shortages after a supplier fire last week in Michigan. Mercedes said the Alabama plant will reopen next week on a “modified production schedule.” (Reporting by Paul Lienert in Detroit; editing by Jonathan Oatis) Go… Continue reading Mercedes says parts shortages cause Alabama SUV production halt
Ford F-150 pickup supplier had trail of safety violations before explosion hit plant
Phoebe Wall Howard, Nathan Bomey, Justin A. Hinkley and Eric Lacy, USA TODAY Network Published 11:51 a.m. ET May 11, 2018 Autoplay Show Thumbnails Show Captions Last SlideNext Slide Firefighters wait for magnesium to burn out at a fire in Meridian Magnesium Products of America in Eaton Rapids, Michigan, Wednesday morning, May 2, 2018. (Photo:… Continue reading Ford F-150 pickup supplier had trail of safety violations before explosion hit plant
UPDATE 2-Chinese owner eyes Volvo Cars IPO, picks banks – source
NEW YORK/STOCKHOLM/BEIJING (Reuters) – The Chinese owner of Volvo Cars has hired three investment banks for an initial public offering (IPO) this year that could value the Swedish carmaker in a broad range of $16 billion to $30 billion, a person familiar with the matter said on Thursday. FILE PHOTO: The Volvo logo is seen… Continue reading UPDATE 2-Chinese owner eyes Volvo Cars IPO, picks banks – source
55 new models between 2018 and 2022: electric cars – Volkswagen is announcement world champion
All articles and backgrounds 05/11/2018 55 new models between 2018 and 2022 Electric cars – Volkswagen is announcement world champion Is the electromobility the future of auto industry? At least one big automaker seems to have decided on it: like the graphics of Statista shows, Volkswagen has by far the most new electric car models… Continue reading 55 new models between 2018 and 2022: electric cars – Volkswagen is announcement world champion
A peek at BMW’s self-driving ride-hailing plans
Automakers are trying to figure out where they fit in the autonomous-driving future. With sales falling, some of these companies are exploring the idea of becoming ride-hailing services too. BMW is one of them and during the opening of its autonomous Driving Campus in Germany, it offered rides in an autonomous 7 Series that gave… Continue reading A peek at BMW’s self-driving ride-hailing plans
ReachNow car-sharing service partners with Intel in Portland; ends free-floating model in Brooklyn
BMW’s ReachNow will offer two designated drop-off zones in Seattle next month. (GeekWire Photo / Kurt Schlosser) ReachNow today announced a new partnership with Intel to provide easy accessibility to its car-sharing service at the company’s four campuses in Hillsboro, Ore. BMW-owned ReachNow has created dedicated parking spaces near major entrances at the tech giant’s… Continue reading ReachNow car-sharing service partners with Intel in Portland; ends free-floating model in Brooklyn