Tag: M and A

 Ricardo and Ford Otosan to develop new heavy duty CV transmissions

British-based Ricardo is working with Turkey-based Ford Otosan on the design and developments of a state-of-the-art family of transmissions. It will be manufactured in-house by Ford Otosan for use in future versions of Ford Trucks. Both companies’ engineers are working in close collaboration, with Ricardo providing technical consultancy service. Ricardo is assisting Ford Otosan as… Continue reading  Ricardo and Ford Otosan to develop new heavy duty CV transmissions

UPDATE 3-Uber shuts Arizona self-driving program two months after fatal crash

SAN FRANCISCO (Reuters) – Uber has shut down its self-driving car operation in Arizona two months after a fatal crash involving one of its vehicles, the company said on Wednesday. Uber Technologies Inc [UBER.UL] is not shuttering its entire autonomous vehicle program and will focus on limited testing in Pittsburgh, Pennsylvania, and two cities in… Continue reading UPDATE 3-Uber shuts Arizona self-driving program two months after fatal crash

Chinese investors in Germany

24.05.2018 Ι Chinese companies enjoy great freedom in Germany and the EU so far. However, doubts about the seriousness and good intentions of certain investors are growing. The conflicts in German companies are increasing. A positive sentiment increasingly gives way to skepticism when Chinese entrepreneurs access German technology companies. “Not all Chinese investments are successful,… Continue reading Chinese investors in Germany

Honda is working on affordable all-electric Fit-based car with biggest battery maker for global release

Honda is currently seen as lagging behind when it comes to electrification at this moment with very little electric vehicle efforts. But the Japanese automaker is now reportedly working on an important new global electric vehicle program in partnership with CATL, China’s biggest battery maker. Home Solar Power Contemporary Amperex Technology (CATL) has been signing a… Continue reading Honda is working on affordable all-electric Fit-based car with biggest battery maker for global release

Uber’s raising up to $600M in a secondary round at $62B valuation, Q1 sales grew to $2.5B

Uber’s CEO is in Paris this week meeting with the French president to talk tech in Europe and expanding its insurance coverage in the region, but back in the US the company is moving ahead on another kind of expansion. TechCrunch has learned and confirmed that Uber is raising another secondary round of funding of up… Continue reading Uber’s raising up to $600M in a secondary round at $62B valuation, Q1 sales grew to $2.5B

Seat boss Luca de Meo in the interview: “Seat is the gateway to new customers of the VW Group”

Seat boss Luca de Meo The Spanish carmaker is on an expansion course. (Photo: Seat) If Luca de Meo In Madrid, he is hovering above things: Seat’s capital office is on the 34th floor of the Torre Cristal office tower in the north of the city. On the day of the interview, the rain clouds… Continue reading Seat boss Luca de Meo in the interview: “Seat is the gateway to new customers of the VW Group”

Dana Inaugurates New Facility to Support Automakers with Thermal-Management and New-Energy Solutions in Yancheng, China

YANCHENG, China, May 23, 2018 /PRNewswire/ — Dana Incorporated (NYSE: DAN) today inaugurated a facility in Yancheng, China, that will manufacture thermal-management products for conventional and new-energy vehicles. Dana repurposed an 8,000 square-meter (86,000 square-foot) plant with an investment of CNY105 million (US$16.7 million), making it the company’s 16th facility in China and the second in… Continue reading Dana Inaugurates New Facility to Support Automakers with Thermal-Management and New-Energy Solutions in Yancheng, China

FAURECIA INVESTS IN PROMETHIENT AND ACCELERATES THE DEVELOPMENT OF THERMAL COMFORT TECHNOLOGIES FOR THE COCKPIT OF THE FUTURE

Faurecia announces today an investment in the American startup Promethient, reinforcing the Group’s ecosystem dedicated to thermal management technologies for future mobility solutions. Based in Traverse City, Mich., Promethient designs and produces Thermavance, a climate control technology that is adaptable for multiple vehicle thermal use cases.  Thermavance heats and cools through conductive heat transfer, offering… Continue reading FAURECIA INVESTS IN PROMETHIENT AND ACCELERATES THE DEVELOPMENT OF THERMAL COMFORT TECHNOLOGIES FOR THE COCKPIT OF THE FUTURE

Workhorse Group Reports First Quarter 2018 Results

CINCINNATI, May 9, 2018 /PRNewswire/ — Workhorse Group Inc. (NASDAQ: WKHS), an American technology company focused on providing sustainable and cost-effective electric mobility solutions to the transportation sector, today reported financial results for the first quarter ended March 31, 2018. First Quarter Operational Highlights Announced an expanded partnership with UPS for up to 1000 N-GEN… Continue reading Workhorse Group Reports First Quarter 2018 Results