India: CarTrade acquires majority stake in Shriram Automall for $24.5m

January 24, 2018 Online automobile classified platform CarTrade, operated by MXC Solution Private Ltd, is acquiring a majority stake in Shriram Automall India Ltd (SAMIL) for nearly $24.5 million to create India’s largest used vehicle platform. CarTrade will acquire shares in SAMIL from Shriram Transport Finance Company Limited (STFC), the latter said in a BSE… Continue reading India: CarTrade acquires majority stake in Shriram Automall for $24.5m

Australia’s first hypercar? The Quantum GP700 was built in a shed

Great Britain is pretty marvellous at building tiny, lightweight pocket rockets on a slim budget and in difficult circumstances – just think of the Ariel Atom, the Noble M600, or Morgan. Now, Australia’s getting in on the action with this – the Quantum GP700. The brainchild of Melbourne-based Jeff David, the Quantum has some serious… Continue reading Australia’s first hypercar? The Quantum GP700 was built in a shed

Fiat Chrysler boosted by Jeep growth expectations

MILAN (Reuters) – Fiat Chrysler (FCHA.MI)(FCA) shares hit a record high on Monday on growing expectations that the carmaker’s coveted Jeep brand will unlock even greater value this year. The stock jumped more than 20 percent last week on a bullish outlook for the auto sector and media speculation that Chief Executive Sergio Marchionne’s final… Continue reading Fiat Chrysler boosted by Jeep growth expectations

Adient announces Peter H. Carlin to join automotive seat supplier’s Board of Directors

PLYMOUTH, Mich., May 18, 2018 /PRNewswire/ — Adient plc (NYSE: ADNT), a global leader in automotive seating, today announced the appointment of Peter H. Carlin to Adient’s Board of Directors, effective June 4, 2018. “We are pleased to welcome Peter to Adient’s Board of Directors,” said Bruce McDonald, Adient Chairman and Chief Executive Officer.  “Over the… Continue reading Adient announces Peter H. Carlin to join automotive seat supplier’s Board of Directors

Auto duties are not off the table

D onald Trump threatens with additional duties on cars and car parts. The consequence of this would be grave, especially compared to the import surcharges for steel and aluminum, which the American president has already set in motion for manufacturers from Europe. The stock market development of BMW, Daimler and Volkswagen speaks for itself –… Continue reading Auto duties are not off the table

Investors sell car values ​​and Beiersdorf

S The high level of losses on automotive stocks and Beiersdorf shares pushed the German stock market down sharply on Thursday. The F.A.Z. Index, which is 100 times broader in the market, yields 0.92 percent to 2450 points. The default Dax index yielded 0.85 percent to 12,587 points. The prices also fell in New York.… Continue reading Investors sell car values ​​and Beiersdorf

70 percent upside potential for VW

D The diesel crisis is not over yet, but the Volkswagen Group does not seem to be much connected with analysts. A new study now sees a price potential of almost 70 percent of the automotive share and is primarily targeting a group division. The renowned car analyst Jürgen Pieper has raised the price target… Continue reading 70 percent upside potential for VW

Big Meeting on Artificial Intelligence in the White House

K Artificial Intelligence (AI) now appears to have been identified as a key technology issue in the White House. After the government and especially President Donald Trump So far, at least publicly, little has been announced, is now a big meeting announced for this Thursday: The administration has invited business representatives to Washington. Employees of… Continue reading Big Meeting on Artificial Intelligence in the White
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