Long-term strategic cooperation planned Next generation of technologies for driver assistance systems and highly automated driving on highways (SAE Level 3 and Level 4)Technology to be market ready by mid-2020sKlaus Fröhlich: Consistent pursuit of scalable platform strategy and pooling of expertise from two technology leaders Ola Källenius: Working with the right partners, we want to… Continue reading Daimler AG and BMW Group to jointly develop next-generation technologies
Tag: Strategy
Bosch increases investment in startups
Stuttgart, Germany – Investments in startups are on the rise. In 2017, institutional investors and companies invested 147 billion euros in these enterprises – nearly three times as much as in 2012. Bosch, too, is increasing its investment in external startups, providing Robert Bosch Venture Capital GmbH (RBVC) with 200 million euros for a fourth… Continue reading Bosch increases investment in startups
UPDATE 2-Auto parts maker Wabco says approached by rival ZF Friedrichshafen
FRANKFURT (Reuters) – U.S. auto parts maker Wabco Holdings Inc on Tuesday confirmed that it has been approached by German rival ZF Friedrichshafen for a potential takeover. Shares in the brakes maker, which had a market capitalization of $6.2 billion as of Tuesday close, rose 10 percent before being halted. German daily Handelsblatt first reported… Continue reading UPDATE 2-Auto parts maker Wabco says approached by rival ZF Friedrichshafen
UPDATE 1-Car parts firm ZF Friedrichshafen considers Wabco takeover -source
FRANKFURT (Reuters) – German car parts maker ZF Friedrichshafen is considering a takeover of U.S. rival Wabco, a person close to the matter said on Wednesday, confirming a report by newspaper Handelsblatt. ZF Friedrichshafen’s supervisory board has already discussed a potential acquisition of Wabco, the paper reported, citing financial sources. Shares in brakes maker Wabco,… Continue reading UPDATE 1-Car parts firm ZF Friedrichshafen considers Wabco takeover -source
Volkswagen and Microsoft share progress on strategic partnership
Volkswagen and Microsoft are developing the Volkswagen Automotive Cloud together. Volkswagen Automotive Cloud to be extended to China and USA in addition to Europe – core markets for future ID. Volkswagen and Microsoft develop first lighthouse projects for connected vehicle services Rapid progress with building up Volkswagen’s Development Center in North America Volkswagen and Microsoft… Continue reading Volkswagen and Microsoft share progress on strategic partnership
ChemChina considers stake sale in Italian tyre maker Pirelli
February 27, 2019 China National Chemical Corp. is considering reducing its stake in Italian tiremaker Pirelli & C. SpA as part of a strategic review of the Chinese group’s overseas investments, according to people familiar with the matter. ChemChina, as the state-owned firm is known, is considering a number of options for its stake, including… Continue reading ChemChina considers stake sale in Italian tyre maker Pirelli
Daimler Buses acquires a 5.25 percent stake in IVU AG
Berlin / Stuttgart / Mannheim, 26 February 2019 – Daimler Buses (EvoBus GmbH) is investing in digital mobility and acquiring a 5.25 percent stake in Berlin-based IVU Traffic Technologies AG. The seller of the equity stake is the charitable foundation Gerlind & Ernst Denert-Stiftung established by IVU’s previous CEO, Prof. Ernst Denert. The transaction also involves a strategic… Continue reading Daimler Buses acquires a 5.25 percent stake in IVU AG
Honda Global | February 27, 2019 “Honda e Prototype” World Premiere at Geneva International Motor Show 2019
Honda’s new urban electric vehicle will be previewed at the 2019 Geneva International Motor Show in the form of the Honda e Prototype. This new model leads on from the brand’s highly acclaimed 2017 Urban EV Concept, and is a key part of Honda’s “Electric Vision” strategy for the European region. Designed to meet the… Continue reading Honda Global | February 27, 2019 “Honda e Prototype” World Premiere at Geneva International Motor Show 2019
“HONDA E PROTOTYPE” WORLD PREMIERE AT GENEVA INTERNATIONAL MOTORSHOW 2019
Honda e Prototype previews production model evolved from 2017 Urban EV Concept Distinctive, clean exterior design combined with a contemporary, minimalist interior featuring advanced technology Rear-wheel-drive platform and wide stance deliver dynamic driving characteristics Honda e Prototype delivers a vehicle package to meet the needs of the modern urban environment Honda’s new urban electric vehicle… Continue reading “HONDA E PROTOTYPE” WORLD PREMIERE AT GENEVA INTERNATIONAL MOTORSHOW 2019
China’s Horizon Robotics bags $600m Series B financing
February 27, 2019 Chinese artificial intelligence firm Horizon Robotics has secured a $600-million Series B financing jointly led by SK China, SK Hynix and several automotive groups. The funding round values Horizon Robotics at $3 billion, the company said in a statement. The investment was joined by China Oceanwide Group’s Oceanwide Capital, CMBC Capital, CLSA’s CSOBOR Fund, Oceanpine… Continue reading China’s Horizon Robotics bags $600m Series B financing