Today, zero emissions mobility is synonymous with battery electric vehicles. But there are many situations where this solution is not adapted to our needs, for example, in long-distance driving where high autonomy and short recharging times are important factors. In the future, many different use cases will emerge adapted to personal mobility and business needs, the powertrain mix will evolve accordingly to meet these multiple scenarios. The hydrogen-powered fuel cell is… Continue reading IS FUEL-CELL TECHNOLOGY THE NEW HOLY GRAIL?
Tag: M and A
Chinese bike-sharing giant Mobike is making big plans for India
You’d be forgiven for thinking that Chinese bike-sharing startup Mobike, which was recently acquired in a $3 billion deal, was already present in India. The company went on an aggressive global expansion spree in 2017; India wasn’t on the radar then, but that’ll soon be rectified with a launch expected in early June. Mobike has bold… Continue reading Chinese bike-sharing giant Mobike is making big plans for India
Aston Martin gears up for more growth ahead of possible flotation
LONDON (Reuters) – Luxury British carmaker Aston Martin remained in the black in the first quarter of 2018, although pretax profit fell due to a weaker dollar and investment on a series of model launches. FILE PHOTO: The Aston Martin Lagonda Vision Concept car is pictured during the 88th Geneva International Motor Show in Geneva,… Continue reading Aston Martin gears up for more growth ahead of possible flotation
(2nd LD) Hyundai withdraws overhaul plan on opposition
(ATTN: CHANGES headline and lead; ADDS details throughout) SEOUL, May 21 (Yonhap) — Hyundai Motor Group on Monday withdrew a key spinoff merger plan in a setback to its corporate restructuring amid stepped-up opposition campaigns by some investors. The decision comes as global hedge fund Elliott and proxy advisers such as Institutional Shareholder Services (ISS)… Continue reading (2nd LD) Hyundai withdraws overhaul plan on opposition
Honeywell Announces Alessandro Gili as CFO for Transportation Systems Spin
ROLLE, Switzerland, May 18, 2018 /PRNewswire/ — Honeywell (NYSE: HON) today announced Alessandro Gili has been named Chief Financial Officer for its Transportation Systems business, a position he previously held with luxury performance sports car maker Ferrari since 2015. Gili will join the Transportation Systems leadership team June 1 as it prepares to spin into a… Continue reading Honeywell Announces Alessandro Gili as CFO for Transportation Systems Spin
Geely Electric Cars Use LG Chem Cloned Batteries
14 H BY MARK KANE Volvo, thanks to its parent company Geely, found a way to manufacture plug-in cars in China with LG Chem batteries and fully comply with Chinese requirements to use only approved battery suppliers. Volvo XC60 T8 Twin Engine Foreign battery manufacturers are not equally treated in China, even if they produce… Continue reading Geely Electric Cars Use LG Chem Cloned Batteries
Mercedes EQ: Daimler’s electric future model is to be built in France
CEO on e-course With concept cars like the EQ, Daimler has already demonstrated how it envisions the electric future. CEO Zetsche seems satisfied. (Photo: Reuters) Daimler builds the first compact model his new electric car brand EQ in the smart plant in Hambach, France, and is investing around 500 million euros. “We are continuing our… Continue reading Mercedes EQ: Daimler’s electric future model is to be built in France
Ferrari to announce new CFO
Maranello (Italy), May 18, 2018 – Ferrari N.V. (“Ferrari”) (NYSE/MTA: RACE) announces the appointment of Antonio Picca Piccon as Chief Financial Officer of the Group. Antonio Picca Piccon will start in his new role in Ferrari on July 30, replacing Alessandro Gili who has decided to leave the company effective May 31 to pursue other… Continue reading Ferrari to announce new CFO
GAC Motor sets up international company, developing overseas business platform
GUANGZHOU, China, May 18, 2018 /PRNewswire/ — GAC Motor, China’s fastest-growing automaker, has announced the establishment of GAC Motor International Company (the “International Company”) to manage GAC Motor’s overseas businesses. It is a critical part of the automaker’s global expansion strategy to strengthen cooperation, enhance competitiveness, and better improve its potential for sales growth in… Continue reading GAC Motor sets up international company, developing overseas business platform
High capital requirements for electric car manufacturers: Tesla needs 10 billion by 2020 – says Goldman Sachs
All articles and backgrounds 05/18/2018 High capital requirements for electric car maker Tesla needs $ 10 billion by 2020, says Goldman Sachs AFP Tesla Model 3 in a salesroom Tesla boss Elon Musk wants his company but soon a new organizational structure miss with flatter hierarchies, However, he does not want one thing: to go… Continue reading High capital requirements for electric car manufacturers: Tesla needs 10 billion by 2020 – says Goldman Sachs