New Delhi: Home-grown auto major Tata Motors today said it will sell its defense business to group entity Tata Advanced Systems Ltd (TASL), subject to requisite approvals. The deal will not include the pure civilian vehicles which will continue to be with Tata Motors, the company said in a statement. The Board of Tata Motors… Continue reading Tata Motors to sell defence, aerospace business to Tata Advanced Systems
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Tata Motors to sell defence and aerospace business to Tata Advanced Systems
Domestic PV and CV major Tata Motors has announced that its board has approved, subject to requisite regulatory and other approvals, to sell its defence and aerospace business to Tata Advanced Systems. The decision is as part of its ‘Turnaround 2.0’ plan, to take necessary steps to further its defence business by leveraging the scale… Continue reading Tata Motors to sell defence and aerospace business to Tata Advanced Systems
Opel: PSA in the trap of German co-management
They have everything to understand each other. Jörg Hofmann speaks French since he studied in Paris and his Portuguese wife attended the same high school as Carlos Tavares in Lisbon. And yet, the current is electric between the president of the German union IG Metall and the boss of PSA, which he blames for wanting… Continue reading Opel: PSA in the trap of German co-management
VW still looking at whether to spin-off assets: CEO
BERLIN (Reuters) – Volkswagen (VOWG_p.DE) is still looking at whether to spin off assets such as motorcycle maker Ducati and transmissions maker Renk, its new chief executive said, as the autos group strives to streamline its operations and become more efficient. Herbert Diess, Volkswagen’s new CEO, poses during the Volkswagen Group’s annual general meeting in… Continue reading VW still looking at whether to spin-off assets: CEO
Hemmingen and Rutesheim become Porsche sites
The sports car manufacturer has acquired the leased sites of Hemmingen and Rutesheim.
Ford will invest eight million in China in the creation of a joint venture for electric vehicles
Posted 03/05/2018 11: 26: 30CET SHANGHAI (CHINA), 3 May. (EUROPA PRESS) – The Ford subsidiary for design, construction and investment in emerging mobility services, Ford Smart Mobility, has signed a memorandum of understanding with Zotye Auto for the creation in China of a ‘joint venture’ to offer smart and personalized solutions “for electric vehicles to… Continue reading Ford will invest eight million in China in the creation of a joint venture for electric vehicles
SF Motors set sights on EV mass production with latest R&D testing facility
By Christian Prenzler Posted on April 25, 2018 Santa Clara based electric vehicle startup SF Motors is opening up a new full-scale R&D center in Silicon Valley. SF Motors was founded in January 2016 after a large investment from Sokon Motors, a large Chinese automotive company. The company’s new 130,000 sqft research and development facility… Continue reading SF Motors set sights on EV mass production with latest R&D testing facility
Europcar Aquires Belgian Scooter-Sharing Startup
Photo via Berthgmn/Wikimedia Europcar Group acquired Poleis Consulting, which includes the brand Scooty, a free floating electric scooter-sharing startup through Ubeeqo. This new acquisition marks another step in Europcar Group’s ambition to become a global mobility solutions leader by offering new mobility services that fits customer needs and expectations. Scooter-sharing and carsharing markets are growing quickly. Europcar wants to further its… Continue reading Europcar Aquires Belgian Scooter-Sharing Startup
Volvo Cars global sales up 12.2 per cent in April
Volvo Cars global sales up 12.2 per cent in April Volvo Cars’ positive momentum continued in April as the premium car maker reported a global year-on-year sales increase of 12.2 for the month, growing in all its main markets. Total sales for the month reached 52,635 cars compared to 46,895 a year earlier. Sales of… Continue reading Volvo Cars global sales up 12.2 per cent in April
Semi-trailer: Peterbilt wants to build electric trucks
Peterbilt is the next manufacturer to build an all-electric truck to take on the Tesla Semi. Other companies in the industry like Daimler also work on electric trucks. May 3, 2018, 9:33 am, Andreas Donath Classic Peterbilt truck (Photo: Peterbilt) Tesla seems to have brought the industry with its announced electric trucks properly launched, especially… Continue reading Semi-trailer: Peterbilt wants to build electric trucks