Companies File for Regulatory Approvals in the European Union and China AURORA, Ontario, Sept. 20, 2021 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA) and Veoneer, Inc. today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, or HSR Act, in connection with the previously announced acquisition… Continue reading Magna And Veoneer Announce Expiration Of Hart-Scott-Rodino Waiting Period
Tag: Magna
Volta Trucks raises €37 million to bring electric delivery trucks to the streets of London and Paris
Trucking tends to be associated with highways, but it’s not uncommon to find large delivery vehicles trundling down the tightly packed streets of the world’s most populated cities. According to EV startup Volta Trucks, that’s far from ideal: in London, large commercial vehicles cause around 26% of pedestrian fatalities and around 80% of cyclist fatalities,… Continue reading Volta Trucks raises €37 million to bring electric delivery trucks to the streets of London and Paris
Europa Wire: New joint venture by IVECO and Nikola in Ulm, Germany to start production of Nikola Tre electric heavy-duty trucks by end of 2021000148
New joint venture by IVECO and Nikola in Ulm, Germany to start production of Nikola Tre electric heavy-duty trucks by end of 2021 The partnership between the global commercial vehicles manufacturer and the US-based group specializing in zero-emission Class 8 heavy-duty trucks and related energy solutions is about to begin its manufacturing journey in Ulm,… Continue reading Europa Wire: New joint venture by IVECO and Nikola in Ulm, Germany to start production of Nikola Tre electric heavy-duty trucks by end of 2021000148
IVECO and Nikola sign MoU with Hamburg Port Authority for Zero-Emission Class 8 Battery-Electric Trucks
The first phase involves testing of the Nikola Tre BEVs at the port for transport and logistics operations together with high-performance charging solutions. A more definitive second phase in the project partnership plans to see the full integration of the BEV vehicles in port operations, installation of charging infrastructure and on-site service support including major… Continue reading IVECO and Nikola sign MoU with Hamburg Port Authority for Zero-Emission Class 8 Battery-Electric Trucks
Veoneer sticks with Magna offer after Qualcomm’s revised bid, shares drop
STOCKHOLM, Sept 14 (Reuters) – Shares in Veoneer Inc edged down on Tuesday after the auto tech firm stuck to its recommendation for Magna International’s bid after receiving an updated, non-binding offer from Qualcomm . The Swedish company has become an attractive takeover target as its expertise in making advanced driver assistance systems fits in… Continue reading Veoneer sticks with Magna offer after Qualcomm’s revised bid, shares drop
Qualcomm Said to Place Binding Bid for Auto Tech Firm Veoneer
(Bloomberg) — Qualcomm Inc. has made a formal bid to buy automotive technology company Veoneer Inc. for more than $4 billion, beating a previous offer from Magna International Inc., according to people familiar with the matter. The U.S. semiconductor company has formalized its offer of $37 a share, the people said, asking not to be… Continue reading Qualcomm Said to Place Binding Bid for Auto Tech Firm Veoneer
Sweden’s Veoneer says still recommends Magna merger
STOCKHOLM, Sept 9 (Reuters) – Swedish auto parts maker Veoneer Inc said on Thursday that it was continuing to recommend the bid from Magna International Inc , while remaining in discussions with Qualcomm. “Veoneer continues to recommend Magna merger at this time,” it said in a statement. Veoneer added that it would continue to engage… Continue reading Sweden’s Veoneer says still recommends Magna merger
Veoneer Files Definitive Proxy in connection with Magna Merger Agreement
– Continues to recommend Magna merger at this time – Continues discussions with Qualcomm regarding potential transaction STOCKHOLM, Sept. 9, 2021 /PRNewswire/ — The automotive technology company Veoneer, Inc. (NYSE: VNE) and (SSE: VNE SDB), today announced that it has filed a definitive proxy statement with the Securities and Exchange Commission (the “SEC”) ahead of… Continue reading Veoneer Files Definitive Proxy in connection with Magna Merger Agreement
Steyr to manufacture Volta electric trucks in Austria
Volta Trucks, the full-electric commercial vehicle manufacturer and services provider, has confirmed that the first Volta Zero vehicles will be manufactured in Steyr, Austria, by Steyr Automotive, formerly MAN Truck and Bus Austria. The announcement follows a wide-ranging competitive tender process with potential suppliers throughout Europe. Steyr Automotive were appointed based on its extensive experience… Continue reading Steyr to manufacture Volta electric trucks in Austria
Porsche CEO Says Electric Supercars Will Win Out: Munich Update
(Bloomberg) — Munich plays host this week to IAA Mobility, where European automakers and their suppliers are unveiling wares together for the first time since before Covid. When Germany last held such a forum two years ago, it would have seemed odd to promote a car’s ability to shield passengers from viruses. Semiconductors weren’t on… Continue reading Porsche CEO Says Electric Supercars Will Win Out: Munich Update