(Reuters) – Activist investor Carl Icahn said on Tuesday he was selling auto parts maker Federal-Mogul to Tenneco Inc (TEN.N) in a $5.4 billion deal that will also give him a stake in the company. FILE PHOTO: Billionaire activist investor Carl Icahn gives an interview on FOX Business Network’s Neil Cavuto show in New York… Continue reading UPDATE 2-Icahn to sell Federal-Mogul to Tenneco for $5.4 bln
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Auto parts maker Tenneco to buy Federal-Mogul for $5.4 bln
(Reuters) – Auto parts maker Tenneco Inc (TEN.N) said on Tuesday it would buy Federal-Mogul, a maker of powertrain components, from Icahn Enterprises LP (IEP.O) for $5.4 billion. Tenneco also said it would separate its combined businesses into two independent, publicly traded companies. Reporting by Arunima Banerjee in Bengaluru; Editing by Saumyadeb Chakrabarty Go to… Continue reading Auto parts maker Tenneco to buy Federal-Mogul for $5.4 bln
Magna Steyr to develop smart EV architecture for China’s BAIC Group
The agreement was signed on April 8 in Beijing between Günther Apfalter, president, Magna Europe and Magna Steyr, and Xu Heyi, chairman of BAIC Group. The BAIC Group (Beijing Automotive Industry Holding Co) of China and Magna have announced that they will jointly develop a next-generation smart electric vehicle architecture for the Chinese market. China… Continue reading Magna Steyr to develop smart EV architecture for China’s BAIC Group
News Release – Magna to Develop Electric Vehicle Architecture for BAIC Group
Please click HERE for a PDF version of this release. • Joint program for next generation of EV architecture• Magna to enhance its relationship with one of China’s largest OEMs • First project with BAIC Group to support their electrification strategy BEIJING, April 9, 2018 — BAIC Group (Beijing Automotive Industry Holding Co., Ltd.) and Magna… Continue reading News Release – Magna to Develop Electric Vehicle Architecture for BAIC Group
Delphi Technologies to host Power Electronics teach-in on April 11, 2018
LONDON, April 4, 2018 /PRNewswire/ — Delphi Technologies PLC (NYSE: DLPH), a global leader in vehicle propulsion systems, will host a Power Electronics teach-in for the investment community at 10.00am ET/3.00pm BST on Wednesday, April 11, 2018. The webcast conference call will include a discussion of the market opportunity and how Delphi Technologies is positioned to… Continue reading Delphi Technologies to host Power Electronics teach-in on April 11, 2018
Mercedes EQ S: Mercedes plans luxury electric car
An S class that is not one: Daimler plans one electric car the luxury class that should be equal to the E-Class. The automobile will be the top model of the EQ range and not an electrified version of the existing S-Class. Source: wp, April 9, 2018, 10:13 am Concept EQA from Mercedes (at the… Continue reading Mercedes EQ S: Mercedes plans luxury electric car
Electric transporter: Deutsche Post checks the IPO of the street scooter division
Electric vans of the German Post The logistics giant is considering an IPO for the electromobility division. (Photo: AP) The German postal service checks a report by the news agency Bloomberg According to strategic options for her Electric delivery truck Streetscooter. Considered also an external investor, who is to help with the expansion of the… Continue reading Electric transporter: Deutsche Post checks the IPO of the street scooter division
Visteon’s DriveCore™ Autonomous Driving Platform Accelerates Adoption of Self-Driving Technology
Visteon’s DriveCore™ Autonomous Driving Platform Accelerates Adoption of Self-Driving Technology Scalable central computing system for Level 3 and above autonomous driving solutions, based on open standards Consists of three components: DriveCore™ Compute, Runtime and Studio Visteon demonstrates highway pilot feature at American Center for Mobility grand opening YPSILANTI, Mich., April 4, 2018 – Visteon Corporation… Continue reading Visteon’s DriveCore™ Autonomous Driving Platform Accelerates Adoption of Self-Driving Technology
Annual Shareholders’ Meeting approves dividend of €3.65 per share
Berlin, Germany – At the Annual Shareholders’ Meeting of Daimler AG in Berlin on Thursday, the shareholders approved a dividend of €3.65 per share for financial year 2017. The dividend distribution amounts to €3.9 billion. The dividend will be paid out on the third business day after the resolution by the Annual Shareholders’ Meeting, April… Continue reading Annual Shareholders’ Meeting approves dividend of €3.65 per share
PSA, Suzuki set up EV business divisions
While PSA Group’s new business unit will be responsible for defining and deploying the Group’s electric vehicle strategy and rolling out the related products and services, Suzuki is Electric Vehicle Division and Advanced Technology Division will be set up as part of its R&D division. The rapid advance of electric mobility in the automobile world… Continue reading PSA, Suzuki set up EV business divisions