All articles and backgrounds 05/04/2018 Annual General Meeting Despite record numbers – Zetsche is facing a new diesel debate Daimler The carmaker Daimler Show stock market chart can present its shareholders with record numbers at the AGM this Thursday (starting at 10:00 am in Berlin) and still has to expect headwinds again. shareholder representatives have… Continue reading Annual General Meeting: Despite record numbers – Zetsche is facing new diesel debate
Tag: Tier 1 Suppliers
Groupe PSA: Investment in Luton Plant to Produce a Brand New Opel/Vauxhall Vivaro by 2019
RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News: As the European LCV market leader, Groupe PSA (Paris:UG) intends to strengthen its market share in this segment in Europe and accelerate its development in the other regions. The increase in manufacturing capacity in the compact vans segment will supply our customers from the Luton plant by 2019 in addition to… Continue reading Groupe PSA: Investment in Luton Plant to Produce a Brand New Opel/Vauxhall Vivaro by 2019
The new joint venture of Continental and Osram will enter 500 million annually
Posted 04/04/2018 13: 35: 01CET MUNICH (GERMANY), 4 Apr (EUROPA PRESS) – The manufacturer of components for the Continental car has reached an agreement with the technological company Osram for the creation of a ‘joint venture’ that will combine the experience of both firms in lighting, light control and electronics, and will employ 1,500 employees,… Continue reading The new joint venture of Continental and Osram will enter 500 million annually
(2nd LD) Elliott holds over $1 bln stake in Hyundai Motor Group affiliates
(ATTN: ADDS details throughout) SEOUL, April 4 (Yonhap) — Elliott Advisors Ltd., a unit of U.S. activist hedge fund Elliott Management Corp., said Wednesday it has acquired more than US$1 billion worth of stocks in three major affiliates of Hyundai Motor Group, and asked for more efforts to improve corporate governance by the group. The… Continue reading (2nd LD) Elliott holds over $1 bln stake in Hyundai Motor Group affiliates
(LEAD) Elliott holds over $1 bln stake in Hyundai Motor Group affiliates
(ATTN: ADDS Hyundai’s response in 4th para) SEOUL, April 4 (Yonhap) — Elliott Advisors Ltd., a unit of U.S. activist hedge fund Elliott Management Corp., said Wednesday it has acquired more than US$1 billion worth of stocks in three major affiliates of Hyundai Motor Group, and asked for more efforts to improve corporate governance by… Continue reading (LEAD) Elliott holds over $1 bln stake in Hyundai Motor Group affiliates
Continental and Osram Sign Joint Venture Contract
Joint venture involving around 1,500 employees scheduled to start in the second half of 2018 once the necessary approvals have been obtained Both partners have a stake of 50 percent Sales target in mid-triple-digit-million-euro range CEO from Osram, CFO from Continental Regensburg, Munich, April 03, 2018. The technology companies Continental and Osram have successfully concluded… Continue reading Continental and Osram Sign Joint Venture Contract
News Release – Magna Forms Joint Venture in China to Support Growing Composite Liftgate Market
Please click HERE for a PDF version of the release. Deal signed with Guangzhou Automobile Group Co., Ltd. (GAC) subsidiary Enables mass production of composite liftgates for fast-growing market Further expands Magna’s China footprint SHANGHAI, China, April 02, 2018 (GLOBE NEWSWIRE) — As the market for crossovers and sport utility vehicles continues to grow in… Continue reading News Release – Magna Forms Joint Venture in China to Support Growing Composite Liftgate Market
Nissan Leaf refurbished batteries offered for older electric cars, in Japan
Follow John 2013 Nissan Leaf, Nashville area test drive, April 2013 Enlarge Photo With more than 300,000 Nissan Leaf electric cars on the road, some more than six years old, battery degradation is becoming more and more of an issue. The different rates of capacity loss are a topic of much discussion among Leaf owners,… Continue reading Nissan Leaf refurbished batteries offered for older electric cars, in Japan
Motherson to acquire Reydel Automotive Group for $201m
Motherson Sumi Systems Ltd (MSSL), the flagship company of the Samvardhana Motherson Group (SMG), through its subsidiary Samvardhana Motherson Automotive Systems Group (SMRP BV), has announced the proposed acquisition of Reydel Automotive Group (Reydel), a privately held portfolio company of Cerberus Capital Management (Cerberus) that manufactures interior components and modules for global automotive customers. The… Continue reading Motherson to acquire Reydel Automotive Group for $201m
Magna to undertake full vehicle development for VinFast
Asia represents one of the strongest growing automotive markets in the world, and Magna International has further strengthened its presence in the region through a cooperation agreement to provide complete vehicle engineering and development services for VinFast Manufacturing and Trading Company of Vietnam. Magna’s complete vehicle team has responsibility for the full vehicle development of two… Continue reading Magna to undertake full vehicle development for VinFast