Tag: M and A

Nissan to launch 3 new EVs and 5 new e-POWER models in Japan by FY2022

Japan will be the flagship market for the implementation of the Nissan Intelligent Mobility vision as part of the Nissan M.O.V.E. to 2022 midterm plan YOKOHAMA, Japan (April 20, 2018) – Nissan plans to launch three new electric vehicles and five e-POWER models in Japan by the end of fiscal 2022, the company announced today.… Continue reading Nissan to launch 3 new EVs and 5 new e-POWER models in Japan by FY2022

Nissan LEAF sales surpass 100,000 in Japan

YOKOHAMA, Japan (April 20, 2018) – Nissan has sold more than 100,000 Nissan LEAFs in Japan since the model first went on sale. First-generation Nissan LEAF New Nissan LEAF Nissan launched the first generation of the Nissan LEAF, the world’s first mass-produced electric car, in 2010. Today, the zero-emission Nissan LEAF is the world’s best-selling… Continue reading Nissan LEAF sales surpass 100,000 in Japan

Can GM Korea avoid bankruptcy? Company says deal deadline is Friday

Workers from subcontractors of GM Korea and citizens call for the early normalization of the ailing carmaker’s operations during a rally in Incheon, west of Seoul, South Korea, April 17, 2018. (Photo: YONHAP/EPA-EFE/REX/Shutterstock,) The window for an agreement to save General Motors’ money-losing South Korea unit is nearly closed, according to a GM spokesman. The spokesman… Continue reading Can GM Korea avoid bankruptcy? Company says deal deadline is Friday

Mercedes-Powered Volvos Possible Thanks To Geely Investment

Daimler might even take over a portion of Volvo. Now that Geely chairman Li Shufu is the largest single shareholder in Daimler, there’s a strong possibility that the two firms could cooperate on tech development. According to the German business publication Manager Magazin, the partnership could even extend to Daimler buying a small stake in Volvo,… Continue reading Mercedes-Powered Volvos Possible Thanks To Geely Investment

Shell and Toyota move forward with hydrogen facility at Port of Long Beach

SAN FRANCISCO, April 19, 2018 /PRNewswire/ — Equilon Enterprises LLC, doing business as Shell Oil Products US (“Shell”), and Toyota have been provisionally awarded $8 million by the California Energy Commission (CEC) to develop the first hydrogen-truck refueling station at the Port of Long Beach.  The funding, which is contingent upon the approval of the project… Continue reading Shell and Toyota move forward with hydrogen facility at Port of Long Beach

Peugeot boss faces toughest adversary yet in IG Metall

PARIS/FRANKFURT (Reuters) – PSA Group (PEUP.PA) boss Carlos Tavares, whose career has seen him thrash out margin-boosting labor deals for two carmakers in several countries, is now taking on Germany’s IG Metall union, which has been the undoing of many a cost cutter. FILE PHOTO: Chairman of the Managing Board of PSA Group Carlos Tavares… Continue reading Peugeot boss faces toughest adversary yet in IG Metall

How Uber moves the ‘blue dot’ to improve GPS accuracy in big cities

You might have noticed a problem when you try to use your smartphone to navigate a big city: your GPS location is usually super inaccurate. Sometimes it’s only by a few feet, but if you’re in a particularly dense part of the city where satellite signals are blocked by high-rise buildings, the discrepancy can be… Continue reading How Uber moves the ‘blue dot’ to improve GPS accuracy in big cities

PSA puts German Opel factories in the face of their reality

Out of the question of letting go of the ballast. The showdown continues between PSA and IG Metall, engaged in stormy discussions about the future of German Opel factories – the new property of Maison Peugeot. If the powerful union does not want to give up wage increases foreseen in the sectoral agreement without any… Continue reading PSA puts German Opel factories in the face of their reality

Men spend on average 4,000 euros more than women in the purchase of vehicles ‘online’

Men spend an average of 23,430 euros on the purchase of vehicles’ online ‘, which is about 4,000 euros more than women, who pay an average of 19,360 euros, according to an analysis made by the car sales company’ on-line’ Clicars.com. However, when talking about the financing of vehicles, the percentage of women (56%) who… Continue reading Men spend on average 4,000 euros more than women in the purchase of vehicles ‘online’