batteries are considered key components for electric cars, So far, German automakers mostly source their batteries from suppliers. The new VWCEO Herbert Diess wants to change that. May 2, 2018, 12:45 pm, Werner Pluta VW E-Golf (icon image): Is an own battery production nonsense? (Image: Werner Pluta / Golem.de) So now, after all: The German… Continue reading Electromobility: VW wants to build batteries for electric cars
Tag: M and A
Aptiv Reports Record First Quarter 2018 Financial Results And Raises Full Year Outlook
DUBLIN, May 2, 2018 /PRNewswire/ — Aptiv PLC (NYSE: APTV), a global technology company enabling the future of mobility, today reported first quarter 2018 U.S. GAAP earnings from continuing operations of $1.15 per diluted share. Excluding special items, first quarter earnings from continuing operations totaled $1.29 per diluted share. First Quarter Highlights Include : Revenue of… Continue reading Aptiv Reports Record First Quarter 2018 Financial Results And Raises Full Year Outlook
Ford Smart Mobility and Zotye to Form EV Solutions JV for China’s Fast-Growing Ride-Hailing Market
Ford Smart Mobility LLC and Zotye sign a memorandum of understanding (MOU) to establish a joint venture (JV) to provide smart, customized all-electric vehicle solutions to fleet operators and drivers in China’s fast-growing ride-hailing market Working closely with the Zotye-Ford manufacturing JV, which will offer a range of stylish and affordable all-electric vehicles under a… Continue reading Ford Smart Mobility and Zotye to Form EV Solutions JV for China’s Fast-Growing Ride-Hailing Market
Ford CEO Hackett’s decision to dump cars ‘may prove fatal’
Ford’s new CEO, Jim Hackett, just announced a bold strategic move for America’s most enduring automaker: abandoning the car business. Hackett completely reversed former CEO Alan Mulally’s full-line strategy to focus on trucks and SUVs. A 3 percent jump in Ford’s stock price validated Hackett’s decision, but that adrenaline shot could be short-lived. Jettisoning automobiles… Continue reading Ford CEO Hackett’s decision to dump cars ‘may prove fatal’
Lyft partners with Udacity to hire self-driving car engineers
Lyft is teaming up with Udacity to find talent for its Level 5 autonomous driving engineering team. The partnership entails a challenge designed to identify the best candidates in Udacity’s self-driving car engineer nanodegree program. Called the Lyft Perception Challenge, the idea is to test problem-solving skills around perception for autonomous vehicles. The competition, which… Continue reading Lyft partners with Udacity to hire self-driving car engineers
Bentley Continental GT
Is it fair to define the Bentley Continental GT as a modern-day icon? On the basis that rivals chiefly built in Maranello and Gaydon have persistently kept it from the top rung of Autocar road test rankings for super-GT cars, you could convincingly argue that it is not. Then again, few other machines at the… Continue reading Bentley Continental GT
India Dealbook: M&M invests $5.2m in Canada’s Resson, HCG acquires 12% of International Stemcell
May 1, 2018 Mahindra and Mahindra has acquired a 10 per cent stake in Canadian firm Resson Aerospace Corp, while oncology chain HealthCare Global Enterprises Ltd has picked up 12 per cent stake in International Stemcell Services Ltd. M&M acquires stake in Canada’s Reason for $5.17m Automotive major Mahindra and Mahindra Ltd has agreed to acquire a 10… Continue reading India Dealbook: M&M invests $5.2m in Canada’s Resson, HCG acquires 12% of International Stemcell
Mobility around the world — Acquisitions, Investments and IPOs
Mobility around the world — Acquisitions, Investments and IPOs Before we publish here, we publish on our website. Check out the most important mobility news globally on a weekly basis. This is what happened last week: BlaBlaCar buys “Less” for undisclosed amount French startup BalBlaCar acquires another French carpooling platform for an undisclosed amount. The younger company “Less” focuses… Continue reading Mobility around the world — Acquisitions, Investments and IPOs
Lime partners with Segway to build electric scooters
Lime, the transportation company now formerly known as LimeBike, has partnered with Segway to launch its next generation of electric scooters. These scooters, which are set to debut mid-month in San Francisco, will supplement Lime’s existing fleet. Lime has also hit three million rides across its fleets of bikes and scooters. For style-conscious consumers, there… Continue reading Lime partners with Segway to build electric scooters
Mobile Industrial Robots acquired by Teradyne
Mobile Industrial Robots (MiR), a company that develops autonomous mobile robots for logistics applications, has been acquired by Teradyne, Inc. for €121 million ($148 million) net of cash acquired plus €101 million ($124 million at current exchange rate) if certain performance targets are met extending through 2020. [Native Advertising] MiR is a company that was launched in Denmark five… Continue reading Mobile Industrial Robots acquired by Teradyne