WABCO is a leading global supplier of braking control systems, technologies and services that improve safety, efficiency and connectivity of commercial vehicles including trucks, buses and trailers. Its diverse products and services include integrated braking systems and stability control, air suspension systems, transmission automation controls, as well as aerodynamics, telematics, and fleet management solutions. WABCO,… Continue reading Press: ZF signs definitive agreement to acquire WABCO
Tag: Strategy
UPDATE 4-Lyft valued at $24.3 bln in first ride-hailing IPO
(Reuters) – Lyft Inc was valued at $24.3 billion in the first initial public offering (IPO) of a ride-hailing startup on Thursday, raising more than it had set off to do as investors overlooked uncertainty over its path to becoming a profitable company. Lyft’s IPO sets the stage for the stock market debut of larger… Continue reading UPDATE 4-Lyft valued at $24.3 bln in first ride-hailing IPO
GM says no cut in Chevy Bolt sticker price as U.S. tax credit for EVs drops
(Reuters) – General Motors Co on Thursday said it has no plan to cut the sticker price on its electric Chevrolet Bolt sedan after a federal tax credit drops by half to $3,750 on Monday. FILE PHOTO: A 2019 Chevrolet Bolt plug-in electric vehicle is displayed at the North American International Auto Show in Detroit,… Continue reading GM says no cut in Chevy Bolt sticker price as U.S. tax credit for EVs drops
Nissan unveils new City Hub dealership concept in Paris
Nissan’s first City Hub has been unveiled today, marking a new approach to dealerships for the manufacture. The new approach sees the convergence of e-commerce and a concept store. It is making its debut in Velizy 2, a shopping center just outside Paris. The Nissan City Hub features 88m2 of screen surface and displays, five… Continue reading Nissan unveils new City Hub dealership concept in Paris
UPDATE 3-Parts maker ZF Friedrichshafen positions for driverless cars with $7 bln deal for Wabco
FRANKFURT (Reuters) – German auto parts maker ZF Friedrichshafen has agreed to buy U.S. rival Wabco for over $7 billion, an acquisition it has long targeted to bolster its expertise in autonomous-driving technologies. The all-cash deal, announced by the two companies on Thursday, is for $136.50 per share. That represents a 13 percent premium to… Continue reading UPDATE 3-Parts maker ZF Friedrichshafen positions for driverless cars with $7 bln deal for Wabco
Capgemini research shows AI will drive profitability in automotive
The Capgemini Research Institute has found that just 10% of major automotive companies are implementing artificial intelligence (AI) projects at scale, despite evidence that the technology could add millions to their profits. A study carried out by the research body found that AI could increase the operating profit of businesses in the sector by up… Continue reading Capgemini research shows AI will drive profitability in automotive
Nissan CEO says he has not heard about possible bid for FCA
FILE PHOTO: Nissan Motor Co Ltd Chief Executive Hiroto Saikawa speaks at a news conference in Yokohama, in this photo taken by Kyodo February 12, 2019. Mandatory credit Kyodo/via REUTERS TOKYO (Reuters) – Nissan Motor Co CEO Hiroto Saikawa said on Thursday he was not aware of discussions about the possibility that its French partner… Continue reading Nissan CEO says he has not heard about possible bid for FCA
Faurecia And Michelin To Create A Global Leader In Hydrogen Mobility – PRNewswire
AUBURN HILLS, Mich., March 11, 2019 /PRNewswire/ — Michelin, world leader in tyres and sustainable mobility, and Faurecia, technology leader in the automotive industry, announced today the signature of a Memorandum of Understanding to create a joint venture bringing together all of Michelin’s fuel cell related activities – including its subsidiary Symbio – with those of… Continue reading Faurecia And Michelin To Create A Global Leader In Hydrogen Mobility – PRNewswire
Press: ZF acquires mobility provider 2getthere
“2getthere has more than three decades of experience in the market for autonomous passenger transport vehicles as well as unique engineering and software competences. This acquisition supports our strategy to become a leading autonomous transportation systems supplier in the booming new mobility market”, said Wolf-Henning Scheider, Chairman of the Board of Management at ZF Friedrichshafen… Continue reading Press: ZF acquires mobility provider 2getthere
UPDATE 3-Ford to leave Russian car market, cede control in joint venture
MOSCOW (Reuters) – Ford Motor Co’s Russian joint venture Ford Sollers will close two assembly plants and an engine factory in Russia, exiting the country’s passenger vehicle market, resulting in charges of about $450 million to $500 million. FILE PHOTO: Employees make a final check of a Ford Focus at a Ford Sollers, U.S. carmaker… Continue reading UPDATE 3-Ford to leave Russian car market, cede control in joint venture