Volvo Cars has struck a deal to buy out parent company Zhejiang Geely Holding from their joint ventures in China, in a move that could make a potential initial public offering (IPO) for the Swedish automaker more attractive to investors. Hangzhou-based Geely, which also owns a 9.7% stake in Daimler, said earlier this year it was… Continue reading Eyeing IPO, Volvo Cars to take full control of its Chinese business
Tag: Tesla
Lear Corporation (LEA) Fell Out Of Favor With Hedge Funds
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We have processed the filings of the more than 866 world-class investment firms that we track and now have access to the collective wisdom contained in… Continue reading Lear Corporation (LEA) Fell Out Of Favor With Hedge Funds
Running low on battery power: Brexit Britain faces an acid test
By Nick Carey and Barbara Lewis New Delhi: Britain has set a fast pace in the electric vehicle race with its 2030 ban on sales of new fossil fuel-powered cars and has offered 1 billion pounds ($1.4 billion) to jump start its battery industry and associated supply chain. But the cash and the headline-grabbing deadline… Continue reading Running low on battery power: Brexit Britain faces an acid test
General Motors CEO Mary Barra is steering the way to an all-electric future – The CEO Magazine
An engineer by trade, General Motors (GM) CEO Mary Barra always looks for ways to improve situations and solve challenges. As if born with a crystal ball installed in her very DNA, imagining what’s next and then capitalising on those opportunities comes second nature to her, almost in the same way improving people’s lives and… Continue reading General Motors CEO Mary Barra is steering the way to an all-electric future – The CEO Magazine
Valmet Automotive entering into manufacturing contract with EV brand Lightyear
From left to right: Ville Rantala – Project Manager (Valmet Automotive), Hans Heijmans – COO (Lightyear), Gerard Berkelmans – VP Strategic Sourcing & Procurement (Lightyear), Matti Räsänen – VP Sales (Valmet Automotive), Wim van Stratum – VP Operations (Lightyear) Valmet Automotive has signed a letter of intent on vehicle manufacturing with Lightyear, the Netherlands-based technology… Continue reading Valmet Automotive entering into manufacturing contract with EV brand Lightyear
Tesla to upgrade Supercharger network to 300 kW of power
Tesla was way ahead of the charging curve with its Supercharger network, and by most accounts, the proprietary network remains the best option for long-distance EV travel. In terms of power levels however, the state of the art has passed Tesla by—new DC fast chargers from Electrify America and others can deliver up to 350… Continue reading Tesla to upgrade Supercharger network to 300 kW of power
EV growth propels Denso to close value gap with Honda and Ford
NAGOYA — Is a car worth more than the sum of its parts? This is a question posed by Japanese automotive supplier Denso’s near dead heat in market capitalization with Honda Motor and Ford Motor. Denso’s market cap stood at 5.78 trillion yen ($52.59 billion) as of Thursday, roughly 70% higher than a year earlier. Honda’s… Continue reading EV growth propels Denso to close value gap with Honda and Ford
One Man Just Sent The $30 Trillion ESG Revolution Into Overdrive
With billions of dollars being invested into ESG funds last year, 2020 has been called a “tipping point” year for this mega-trend in global markets. And many are predicting that the ESG boom will continue this summer as investors all over the world may be looking to transform their portfolios by making huge bets on… Continue reading One Man Just Sent The $30 Trillion ESG Revolution Into Overdrive
German Handelsblatt: Bilanzcheck: “Our lead should be two to three years”: How Volkswagen is tackling the next upheaval002475
Düsseldorf Herbert Diess certifies a bright future for the automotive industry. Because the electric drive makes vehicles cleaner and safer thanks to autonomous driving, interest in one’s own car is likely to increase significantly in the foreseeable future. “I am very optimistic about the future auto business,” said the Volkswagen CEO to the Handelsblatt. But… Continue reading German Handelsblatt: Bilanzcheck: “Our lead should be two to three years”: How Volkswagen is tackling the next upheaval002475
German Manager Magazin: Electric cars: Tesla will sell Model Y in Germany from August – as China Import000951
Tesla originally wanted to start production of the Model Y in Grünheide in Berlin in July, but the completion of the first European plant is delayed. The Environment Agency is currently checking whether Tesla has installed tanks on its construction site without the appropriate permit. The start of deliveries of the Model Y in Europe… Continue reading German Manager Magazin: Electric cars: Tesla will sell Model Y in Germany from August – as China Import000951