The Board of Management and Supervisory Board of Volkswagen AG have approved the sale of the 76 percent stake or approximately 5.3 million shares in the listed company RENK AG to Triton for a purchase price of 97.80 EUR per share which is subject to adjustments in relation to dividend. The planned disposal results in… Continue reading @VW Group: Volkswagen to sell RENK shares to Triton
Tag: VW
@VW Group: TRATON Proposes To Acquire All Outstanding Common Shares Of Navistar For USD 35 Per Share
TRATON SE (“TRATON”), one of the world’s largest commercial vehicle manufacturers, today offered to acquire all of the outstanding shares of common stock of Navistar International Corporation (“Navistar”) (NYSE: NAV) not already owned by TRATON at a price of USD 35 per share in cash. This represents a 45% premium over Navistar’s closing share price… Continue reading @VW Group: TRATON Proposes To Acquire All Outstanding Common Shares Of Navistar For USD 35 Per Share
@VW Group: Newly established ŠKODA AUTO DigiLab India and Software Development Centre support ŠKODA-led INDIA 2.0 project
ŠKODA AUTO CEO, Bernhard Maier, explains, “With ŠKODA AUTO DigiLab India, we are consistently expanding our global network. India is among the innovation drivers when it comes to digitalisation. The average age of the population will be just 29 years in 2025. The majority of our customers in India have grown up with smartphones and… Continue reading @VW Group: Newly established ŠKODA AUTO DigiLab India and Software Development Centre support ŠKODA-led INDIA 2.0 project
@VW Group: Clever idea, clever implementation: Audi implemented thousands of employee ideas in 2019
On average, one in three Audi employees took part in the Audi Ideas Program in 2019 and submitted a suggestion for improvement. Of the roughly 22,500 ideas that were submitted in total, the company implemented more than 12,500 suggestions. This allowed Audi to save EUR 101.3 million at the Ingolstadt and Neckarsulm sites in 2019… Continue reading @VW Group: Clever idea, clever implementation: Audi implemented thousands of employee ideas in 2019
Continental’s Vitesco Gets Contract From Volkswagen-Handelsblatt
Vitesco, the powertrain division of auto supplier Continental, has won a contract to supply drive components for the upcoming models of Volkswagen’s electric ID series, Handelsblatt reported, citing industry sources.The report did not give a volume for the contract.
Aston Martin’s lifeline buys carmaker time as SUV hits road
LONDON (Reuters) – Canadian billionaire Lawrence Stroll and investors have rescued Aston Martin with a 500 million pound cash injection that analysts say will help stabilize the British carmaker whose first sport utility vehicle (SUV) is set to hit the road. FILE PHOTO: An Aston Martin logo is pictured at the new factory in Saint… Continue reading Aston Martin’s lifeline buys carmaker time as SUV hits road
Skoda sets up DigiLab in Pune to develop digital and mobility solutions for India 2.0 project
Skoda Auto has founded its fourth global DigiLab unit in Pune. It will work closely with the car manufacturer’s innovation hubs in the Czech Republic, Israel and China Skoda Auto has set its fourth global DigiLab unit in Pune, essentially to support the core business of Skoda Auto Volkswagen India by developing digital and mobility… Continue reading Skoda sets up DigiLab in Pune to develop digital and mobility solutions for India 2.0 project
WeShare Expands in Europe
WeShare already started operations in Berlin with 1,500 e-Golf cars in 2019 and the company now has 50,000 registered customers in the city. Photo via John Morgan/Flickr. WeShare, Volkswagen and Škoda’s free-floating carsharing service, is to expand into seven further cities in Germany and other European countries in 2020. Prague and Hamburg in the spring are… Continue reading WeShare Expands in Europe
Triton offers to buy Renk for 97.80 euros a share
(Reuters) – German car and truck maker Volkswagen (VOWG_p.DE) on Thursday said it had sold its transmissions making unit Renk (ZARG.F) to Triton for 97.80 euros a share, in a deal which gives Volkswagen proceeds of 530 million euros. Triton entered into an agreement with the majority shareholder of Renk AG, Volkswagen Vermögensverwaltungs-GmbH, to buy… Continue reading Triton offers to buy Renk for 97.80 euros a share
German truck maker Traton offers to buy remaining Navistar stake for $2.9 billion
FILE PHOTO: Visitors stand at the booth of Volkswagen’s truck unit Traton Group, former Volkswagen Truck & Bus AG, in Hanover, Germany September 19, 2018. REUTERS/Fabian Bimmer/File Photo (Reuters) – German truck manufacturer Traton SE (8TRA.DE) said on Thursday it had made a $2.9 billion offer to buy the remaining shares in Navistar International Corp… Continue reading German truck maker Traton offers to buy remaining Navistar stake for $2.9 billion