Daimler and Mercedes-Benz are going all-in on electric vehicles, planning on spending 40 billion euros ($47 billion) by 2030. Most automakers are working to transition toward all-electric vehicles, with many committed to doing so within the next decade. Daimler and Mercedes-Benz join the list of automakers shooting to make that transition by 2030, even building eight battery… Continue reading Daimler/Mercedes-Benz Joining Electric Vehicle Revolution – WebProNews
Tag: Mobility
@VW Group: Volkswagen takes the quantum computing revolution from the lab to the factory From artificial intelligence to cloud computing and b…003540
Volkswagen was the first automaker to demonstrate a practical application of quantum computing for route and traffic management. From artificial intelligence to cloud computing and beyond, Volkswagen Group of America has one of the most aggressive portfolios of technology developments in the automotive sector. That also includes research and development in quantum computing, a space… Continue reading @VW Group: Volkswagen takes the quantum computing revolution from the lab to the factory From artificial intelligence to cloud computing and b…003540
@VW Group: Annual general meeting of Porsche SE decides on dividend proposal of 2.21 euro per preference share003539
Stuttgart, 23 July 2021. As in the prior year, Porsche Automobil Holding SE (Porsche SE), Stuttgart, is holding its annual general meeting virtually today. The chairman of the board of management of Porsche SE, Hans Dieter Pötsch, is reporting on the past fiscal year 2020 and giving an outlook on the current fiscal year 2021. For… Continue reading @VW Group: Annual general meeting of Porsche SE decides on dividend proposal of 2.21 euro per preference share003539
@Groupe PSA: PR Stellantis announces successful signing of €12 billion syndicated Revolving Credit Facility002161
AMSTERDAM – Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) (“Stellantis”) announces that it has signed a new syndicated revolving credit facility (“RCF”) of €12.0 billion, with a group of 29 relationship banks. This new RCF replaces the existing syndicated RCF’s from the Groupe PSA (€3.0 billion) and FCA Group (€6.25 billion), thereby providing an increase in… Continue reading @Groupe PSA: PR Stellantis announces successful signing of €12 billion syndicated Revolving Credit Facility002161
@Groupe PSA: PR Stellantis Announces Launch of ‘Stellantis Design Studio’002160
Design agency opens up the Stellantis’ design expertise and its iconic brand portfolio Formed to collaborate with global partners on brand and design projects Led by Klaus Busse, Head of Design, and Arnault Gournac, Creative Director AMSTERDAM – Stellantis today announced the creation of ‘Stellantis Design Studio’, a creative agency that will provide global brand… Continue reading @Groupe PSA: PR Stellantis Announces Launch of ‘Stellantis Design Studio’002160
Magna Buys Driver-Assist Supplier Veoneer for $3.8 Billion
(Bloomberg) — Magna International Inc. will acquire Veoneer Inc. for $3.8 billion in cash, bolstering its business supplying advanced driver-assistance systems to automakers. The $31.25-a-share offer represents a 57% premium to Veoneer’s closing price on Thursday. The transaction is expected to close toward the end of this year, according to a statement. Veoneer shares traded… Continue reading Magna Buys Driver-Assist Supplier Veoneer for $3.8 Billion
Magna (MGA) to Enhance ADAS Portfolio on Veoneer Acquisition
Magna International MGA recently entered into an agreement to acquire Veoneer Inc. VNE — an automotive-safety technology company — with a vision to expand its advanced driving assistance systems (ADAS). Per the agreement, Magna will acquire all of the issued and outstanding shares of Veoneer for $31.25 per share in cash, representing an equity value… Continue reading Magna (MGA) to Enhance ADAS Portfolio on Veoneer Acquisition
Mercedes-Benz reveals its plans to be ‘ready’ to go all-electric by 2030 – This is Money
Mercedes-Benz outlined its plans today to invest more than €40 billion (£34.2billion) between 2022 and 2030 to develop battery electric vehicles and be ready to become an all-electric car maker by the end of the decade. Bosses at the German luxury carmaker’s parent group Daimler said it would – with its partners – build eight… Continue reading Mercedes-Benz reveals its plans to be ‘ready’ to go all-electric by 2030 – This is Money
Financial Report April – June 2021: Veoneer
STOCKHOLM, July 23, 2021 /PRNewswire/ — Financial Summary – Q2’21 Sequential improvement in operating loss and cash flow despite lower than expected LVP and continued supply chain challenges Net Sales $398 million, Net sales increase 116%, Organic Sales1 108% Active Safety Net Sales increase 149%, Organic Sales increase 140% Operating cash flow $(69) million. Cash… Continue reading Financial Report April – June 2021: Veoneer
Magna to Acquire Veoneer, Positioning Magna’s ADAS Business as a Global Leader in a Fast-Growing Industry
Veoneer’s complementary products and capabilities strengthen and broaden Magna’s ADAS portfolio and industry position Transaction adds significant engineering and software expertise, including in sensor perception and drive policy software Enhances Magna’s ADAS systems capabilities and feature functionality AURORA, Ontario and STOCKHOLM, Sweden, July 22, 2021 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA)… Continue reading Magna to Acquire Veoneer, Positioning Magna’s ADAS Business as a Global Leader in a Fast-Growing Industry