Several historic SL sports cars enrich this glamourous event Starting point: the original 300 SL racing sports car from the year 1952 The 70th Concours d’Elegance will take place on August 15, 2021 Stuttgart. It could hardly get more exquisite than this: at the annual Monterey Car Week in the grounds of the Pebble Beach Golf Club,… Continue reading @Daimler: The glamour of the Mercedes-Benz SL at the Pebble Beach Concours d’Elegance
Tag: Contract Manufacturer
Veoneer to Engage in Discussions with Qualcomm
STOCKHOLM, Aug. 9, 2021 /PRNewswire/ — The automotive technology company Veoneer, Inc. (NYSE: VNE) and (SSE: VNE SDB), today announced that Veoneer’s board of directors has determined that Qualcomm’s proposal to acquire Veoneer (the “Qualcomm Proposal”) would reasonably be expected to result in a “Superior Proposal”, as defined under the terms of Veoneer’s merger agreement… Continue reading Veoneer to Engage in Discussions with Qualcomm
Sweden’s Veoneer says will start talks with Qualcomm over offer
(Reuters) – Veoneer Inc said on Sunday it would start talks with chipmaker Qualcomm Inc after its offer for the Swedish auto parts maker last week topped a rival bid by Magna International Inc. Qualcomm’s offer could “reasonably be expected to result in a ‘Superior Proposal’, as defined under the terms of Veoneer’s merger agreement… Continue reading Sweden’s Veoneer says will start talks with Qualcomm over offer
UPDATE 1-Sweden’s Veoneer says will start talks with Qualcomm over offer
(Adds detail, quote, background) Aug 8 (Reuters) – Veoneer Inc said on Sunday it would start talks with chipmaker Qualcomm Inc after its offer for the Swedish auto parts maker last week topped a rival bid by Magna International Inc. Qualcomm’s offer could “reasonably be expected to result in a ‘Superior Proposal’, as defined under… Continue reading UPDATE 1-Sweden’s Veoneer says will start talks with Qualcomm over offer
Magna Announces Second Quarter 2021 Results
Sales more than doubled to $9.0 billion, reflecting global light vehicle production increase of 58% Diluted earnings per share and adjusted diluted earnings per share of $1.40, compared to losses of $2.17 and $1.71 last year, respectively Reduced outlook, largely reflecting reduction in expected global light vehicle production due to continued industry semiconductor chip shortage… Continue reading Magna Announces Second Quarter 2021 Results
Fisker-Foxconn EV partnership ‘moving faster than expected,’ CEO Henrik Fisker says
U.S. electric automaker Fisker expects operating expenses to reach between $490 million and $530 million this year, a slight increase in its business outlook for the year that is driven by R&D spending on prototypes for its Ocean SUV, testing and validation of advanced technology, hiring and its “accelerating” partnership with Foxconn. The company, which… Continue reading Fisker-Foxconn EV partnership ‘moving faster than expected,’ CEO Henrik Fisker says
Qualcomm wants to buy Veoneer for $4.6B, beating Magna’s offer
The $3.8 billion sale of Swedish automotive tech company Veoneer to Magna International hit a roadblock Thursday after chipmaker Qualcomm submitted a bid for the company for $800 million more. Qualcomm’s $4.6 billion bid, which comes in at $37 per share, has already received approval from the company’s board and would not need a stockholder… Continue reading Qualcomm wants to buy Veoneer for $4.6B, beating Magna’s offer
Qualcomm Bids $4.6 Billion for Veoneer in Battle With Magna
(Bloomberg) — Qualcomm Inc. offered to buy automotive technology company Veoneer Inc. for $4.6 billion, muscling in on a bid Magna International Inc. made for the supplier last month. At $37 a share, Qualcomm is offering an 18% premium to Magna’s $31.25-a-share bid. Veoneer and Magna said last month their boards had unanimously approved what… Continue reading Qualcomm Bids $4.6 Billion for Veoneer in Battle With Magna
Fisker and Bridgestone Unite Sustainability Ambitions with Partnership on Groundbreaking Fisker Ocean Electric Vehicle
The Fisker Ocean will make its global debut at the upcoming 2021 Los Angeles Auto Show, with production starting on November 17, 2022. The Fisker Ocean features extensive use of recycled materials, including a fully vegan interior, and will come with an optional photovoltaic solar roof. The Fisker Ocean will sit on custom-developed Bridgestone Potenza… Continue reading Fisker and Bridgestone Unite Sustainability Ambitions with Partnership on Groundbreaking Fisker Ocean Electric Vehicle
First Production-ready Battista Prepared For World Debut At Monterey Car Week
Inside, the first production-spec model to emerge from the Cambiano atelier facility in Italy, features black sustainable luxury leather with striking Iconica Blu contrast stitching and quilted Pilota seats in Iconica Blu Alcantara. The seats feature Pilota Carbon Components finished in black exposed signature carbon coordinating with the striking exterior. Monterey Car Week will also… Continue reading First Production-ready Battista Prepared For World Debut At Monterey Car Week