WASHINGTON (Reuters) – U.S. trade officials rejected Tesla Inc’s bid for relief from President Donald Trump’s 25 percent tariffs on the Chinese-made computer “brain” of its Model 3 electric vehicles, one of more than 1,000 product denials linked to China’s industrial development plans. FILE PHOTO: A 2018 Tesla Model 3 electric vehicle is shown in… Continue reading U.S. rejects Tesla bid for tariff exemption for Model 3 ‘brain’
Tag: Tier 1 Suppliers
Fiat Chrysler shares soar after CEO hints at tie-ups
Sales by the company which makes Fiat, Chrysler, Jeep, Maserati, Alfa Romeo, Dodge and Ram vehicles, slid 4.8 percent to 24.5 billion euros. Milan: Fiat Chrysler (FCA) reported falling profits on Friday, but its share price soared after its CEO indicated that the Italian-US group would have an “active and constructive role” in consolidating the… Continue reading Fiat Chrysler shares soar after CEO hints at tie-ups
Hyundai Mobis: Speed Bumps? School Zones? … My Smart Car is Ready for Anything!
SEOUL, South Korea–(BUSINESS WIRE)–Hyundai Mobis (KRX:012330) recently announced the successful development of “Preview Air Suspension Technology,” which automatically adjusts the vehicle height and absorbs road shock by proactively using upcoming navigational information. It is a technology that predicts the road conditions and traffic information, providing a comfortable ride while ensuring safety. Through the road information… Continue reading Hyundai Mobis: Speed Bumps? School Zones? … My Smart Car is Ready for Anything!
Dana Incorporated Appoints Leader for Dana India
MAUMEE, Ohio, May 2, 2019 /PRNewswire/ — Dana Incorporated (NYSE: DAN), a leading provider of propulsion technologies in India for more than 50 years, today announced that Gajanan Gandhe is joining the company as country leader of Dana India, effective today. In this role, Mr. Gandhe will work across Dana, including the company’s business units, functional… Continue reading Dana Incorporated Appoints Leader for Dana India
EV Connect launches EV charging station certification program
EV Connect, a company that provides cloud-based software for managing charging networks, has launched a certification program for EV charging station manufacturers. The EV Charge Station (EVCS) Certification Program allows manufacturers to remotely self-certify and complete most of the steps required for certification. The EVCS Certification Program ensures hardware compliance with the Open Charge Point… Continue reading EV Connect launches EV charging station certification program
CK Holdings acquires Magneti Marelli from FCA
NEW DELHI: CK Holdings on Thursday announced the completion of its previously announced acquisition of Magneti Marelli S.p.A.from Fiat Chrysler Automobiles N.V. The combined business will operate under the entity “Magneti Marelli CK Holdings Co., Ltd.” The completion of the transaction is a key milestone in creating a leading global independent automotive supplier. This transaction,… Continue reading CK Holdings acquires Magneti Marelli from FCA
CK Holdings Co., Ltd. completes acquisition of Magneti Marelli from FCA
“ CK Holdings Co., Ltd. completes acquisition of Magneti Marelli from FCA Transaction will create a leading global independent automotive supplier 2 May 2019 CK Holdings Co., Ltd. (“CK Holdings”), a holding company of Calsonic Kansei Corporation (“Calsonic Kansei”), today announces the completion of its previously announced acquisition of Magneti Marelli S.p.A. (“Magneti Marelli”) from Fiat… Continue reading CK Holdings Co., Ltd. completes acquisition of Magneti Marelli from FCA
UPDATE 1-FCA completes sale of Magneti Marelli for 5.8 bln euros
(Adds details) MILAN, May 2 (Reuters) – Fiat Chrysler Automobiles said it had completed the sale of its car parts unit Magneti Marelli to Calsonic Kansei for 5.8 billion euros ($6.5 billion), slightly below the initial price tag due to the unit’s changed financial position. Fiat Chrysler (FCA) last year agreed to sell Magneti Marelli… Continue reading UPDATE 1-FCA completes sale of Magneti Marelli for 5.8 bln euros
Delphi Technologies reports first quarter 2019 financial results
Revenue of $1.2 billion, down 6%(*) year-on-year U.S. GAAP net income of $16 million, diluted earnings per share of $0.18 Excluding special items, earnings of $0.67 per diluted share U.S. GAAP operating income of $55 million, or 4.8% margin Adjusted operating income of $87 million, or 7.6% margin Generated $21 million of cash from operating… Continue reading Delphi Technologies reports first quarter 2019 financial results
RideCell expands funding round to $60 million – TechCrunch
RideCell, a transportation software startup, has doubled its previously announced Series B funding round to $60 million, a sign that investors believe demand for cloud-based mobility platforms will grow as more companies try to scale up car-sharing, ride-hailing and even robotaxi businesses. The company, which has developed a platform designed to help car-sharing, ride-sharing and autonomous… Continue reading RideCell expands funding round to $60 million – TechCrunch