February 23, 2021 – Today Daimler Truck AG and global power leader and independent engine manufacturer Cummins Inc. (NYSE: CMI) announced that the companies have signed a memorandum of understanding establishing a global strategic partnership for medium-duty engine systems. The companies added that other opportunities for collaboration are also being evaluated. As part of the… Continue reading @Daimler: 23. Feb 2021Daimler Truck AG and Cummins Inc. announce global plan for medium-duty commercial vehicle engines
Tag: Strategy
Verra Mobility Announces Extension and Amendment of Existing Credit Agreement; Launches Senior Notes Offering
MESA, Ariz., March 15, 2021 /PRNewswire/ — Verra Mobility (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, today announced its intention to extend and amend its existing 2020 credit agreement and issue new senior unsecured notes due 2029. “We believe transitioning to a fixed and variable debt capital structure is timely and addresses our… Continue reading Verra Mobility Announces Extension and Amendment of Existing Credit Agreement; Launches Senior Notes Offering
MAHLE eyes gains from e-mobility, to increase actuator output to 6m units
Yet another global component supplier is betting big on electric mobility. MAHLE, with an annual production of 2.5 million units, is currently one of the world’s three largest manufacturers of mechatronic actuators for automotive applications. Actuators convert electrical energy into mechanical movement. In electric vehicles, they are used to control the transmission and the air-conditioning… Continue reading MAHLE eyes gains from e-mobility, to increase actuator output to 6m units
Report: Mini to go all-electric from 2030
BMW CEO Oliver Zipse will this week unveil a plan for the Mini brand to go all-electric from 2030, according to a report from Automotive News Europe (ANE). Citing an unnamed source “familiar with the matter”, the site claims Mini will introduce its final combustion-engined model in 2025, and is aiming for half its global sales… Continue reading Report: Mini to go all-electric from 2030
Edsel Ford is retiring and 2 Ford family members will get new roles on board of directors
The great-great grandchildren of Henry Ford, founder of Ford Motor Co., are planning to step into key roles as members of the influential board of directors this year, the company announced Friday. Alexandra Ford English and Henry Ford III have been nominated by the company to stand for election to the board at its virtual annual shareholder meeting… Continue reading Edsel Ford is retiring and 2 Ford family members will get new roles on board of directors
@Ford: Ford Nominates Alexandra Ford English and Henry Ford III for Election to Board; Edsel B. Ford II to Retire After 33 Years as Director
Nominees will stand for election to board of directors at Ford’s annual meeting May 13 John Lechleiter, who has served as a Ford director since 2013, has opted not to be considered for re-election DEARBORN, Mich., March 12, 2021 – Ford Motor Company today announced that Alexandra Ford English and Henry Ford III have been… Continue reading @Ford: Ford Nominates Alexandra Ford English and Henry Ford III for Election to Board; Edsel B. Ford II to Retire After 33 Years as Director
Adient announces strategic transformation in China
– Company enters into agreement with joint venture partner Yanfeng to end its YFAS joint venture – Transactions provide Adient opportunity to independently drive its strategy in China – After-tax proceeds of ~$1.4B, combined with existing cash on the balance sheet, are expected to drive significant debt paydown throughout 2021 PLYMOUTH, Mich., March 12, 2021… Continue reading Adient announces strategic transformation in China
Digital Diagnostic Solutions for Intelligent Fleet Management: HELLA and Ridecell Enter into Partnership
Hella Gutmann Solutions will integrate its cloud-based vehicle diagnostics services into Ridecell’s Fleet IoT platform HELLA Ventures makes a minority investment in Ridecell Lippstadt/San Francisco, 11 March 2021. The internationally positioned automotive supplier HELLA has entered into a partnership with US and EU-based Fleet IoT (Internet of Things) platform company Ridecell. Hella Gutmann Solutions, a… Continue reading Digital Diagnostic Solutions for Intelligent Fleet Management: HELLA and Ridecell Enter into Partnership
GM forms new joint venture to fast-track EV battery development
General Motors wants to sell electric vehicles that can travel 500 to 600 miles on a full charge in the near future. To get there, it’s partnered with lithium metal battery developer SolidEnergy Systems, which is based in Singapore, but has U.S. operations in Boston. GM President Mark Reuss announced the new partnership Thursday at a Washington Post Live virtual… Continue reading GM forms new joint venture to fast-track EV battery development
Schaeffler becomes an anchor partner for STARTUP AUTOBAHN
2021-03-11 | Herzogenaurach/Stuttgart Schaeffler joins STARTUP AUTOBAHN and establishes a partner network to develop market-ready innovations more rapidly This network includes more than 30 partners and 30,000 startups Uwe Wagner: “STARTUP AUTOBAHN is perfect for Schaeffler and is an important milestone in our innovation strategy.” Schaeffler is a new “anchor partner” to the Stuttgart-based STARTUP… Continue reading Schaeffler becomes an anchor partner for STARTUP AUTOBAHN