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
Tag: Magna
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
World NM: Automotive giant Magna’s Slovenian plant to be relaunched in early 2022001561
Magna Steyr vice president Erwin Fandl and David Adam, director of the Slovenian Magna plant in Hoče, have informed representatives of the Slovenian government and local authorities that production in Hoče would be relaunched at the start of next year. Magna committed to meet certain targets in exchange for a state incentive, including in terms… Continue reading World NM: Automotive giant Magna’s Slovenian plant to be relaunched in early 2022001561
German Handelsblatt: IAA: Daimler calculates permanently with top returns – despite the lack of chips and the electrical turnaround002831
Munich It seems paradoxical: Daimler boss Ola Källenius warns his shareholders on the one hand that sales of Mercedes vehicles in the third quarter as a result of the semiconductor shortage will be “noticeably” below those of the second quarter of the year. On the other hand, the Swede sees the Dax group in a… Continue reading German Handelsblatt: IAA: Daimler calculates permanently with top returns – despite the lack of chips and the electrical turnaround002831
Auto shows are back and automakers have wheeling-and-dealing to do
When automotive chieftains collect in Munich this week for Europe’s first main automotive present in two years, they’ll do extra than simply raise the veil on shiny sheet steel. These are events the place large offers have a tendency to get achieved. Consider one of many final occasions the auto world descended on a European… Continue reading Auto shows are back and automakers have wheeling-and-dealing to do
August 31, 2021 CNH Industrial launches MYshuttle!, a new “on demand” employee transit service CNH Industrial and Via will launch MYshuttle!…
August 31, 2021 CNH Industrial launches MYshuttle!, a new “on demand” employee transit service CNH Industrial and Via will launch MYshuttle!, an innovative, “on demand” corporate mobility service, to complement public transport in Turin starting Sept. 1. August 31, 2021 (Turin, Italy) — In order to continue to pursue its sustainable mobility objectives, and to… Continue reading August 31, 2021 CNH Industrial launches MYshuttle!, a new “on demand” employee transit service CNH Industrial and Via will launch MYshuttle!…