At Palazzo Barberini in the heart of Rome earlier this month, a handful of billionaires, multimillionaires and, tagging along some distance behind, representatives of the world’s automotive press had their first look at a new £1.7 million hypercar. In the imposingly grand surroundings of the 17th-century palace, now repurposed as a fine art gallery, those… Continue reading Pininfarina: why the design house is making an electric supercar
Tag: M and A
McLaren Automotive confirms Leeds as new UK retail location
McLaren Leeds appointed as eighth retailer in the brand’s home market Phase I of the development to open this month Phase II and the new purpose-built facility expected to complete by year end McLaren Automotive, the British creator of luxury sportscars and supercars, continues to expand its UK network of retailers with the appointment of… Continue reading McLaren Automotive confirms Leeds as new UK retail location
Didi Chuxing, Auto Partners Form Global Carsharing Alliance
Photo: Didi Chuxing Didi Chuxing has joined 31 of its auto industry partners to launch the Didi Auto Alliance (D-Alliance or the Alliance). For the first time, the Alliance will bring together resources and the strengths of the new mobility sector with those of key links in the automotive industry chain, with the aim to develop… Continue reading Didi Chuxing, Auto Partners Form Global Carsharing Alliance
UPDATE 1-Motor racing-Agag makes 600m euro bid for Formula E
LONDON (Reuters) – Formula E founder and chief executive Alejandro Agag has made a 600 million euro ($716.34 million) bid to take full ownership of the company, the all-electric series said on Friday. FILE PHOTO: Alejandro Agag, Formula E CEO, speaks during an interview with Reuters ahead of round four of the Formula E championship… Continue reading UPDATE 1-Motor racing-Agag makes 600m euro bid for Formula E
All new Vauxhall Mokka X on track for 2019 launch
Vauxhall is about to undergo a major range revamp under its new owner, PSA, with a fresh Corsa due within the next 18 months. And soon after the supermini’s arrival there will be another key debut: the second generation of the Vauxhall Mokka X. Due in 2020, the Mokka will switch to the same PSA… Continue reading All new Vauxhall Mokka X on track for 2019 launch
Hendy Automotive opens Mazda dealership in Tunbridge Wells
Hendy Automotive continues to expand in the south with the opening of a new Mazda dealership in Tunbridge Wells, Kent. Hendy already operates Mazda franchises in Eastleigh, Crawley, Eastbourne and Horsham and is an authorised repairer for the brand in Brighton and Winchester. The new dealership will open on May 1 at the group’s Mount… Continue reading Hendy Automotive opens Mazda dealership in Tunbridge Wells
BMW Group makes good start to 2018
Munich. The BMW Group has started the financial year 2018 with a strong first quarter. Despite volatile conditions and unfavourable exchange rate effects, new best ever figures were recorded for sales volume and net profit. Despite high upfront expenditure for tomorrow’s mobility, the Automotive segment also set a new record for its result from operations… Continue reading BMW Group makes good start to 2018
Tata Motors to sell defence, aerospace business to Tata Advanced Systems
New Delhi: Home-grown auto major Tata Motors today said it will sell its defense business to group entity Tata Advanced Systems Ltd (TASL), subject to requisite approvals. The deal will not include the pure civilian vehicles which will continue to be with Tata Motors, the company said in a statement. The Board of Tata Motors… Continue reading Tata Motors to sell defence, aerospace business to Tata Advanced Systems
Tata Motors to sell defence and aerospace business to Tata Advanced Systems
Domestic PV and CV major Tata Motors has announced that its board has approved, subject to requisite regulatory and other approvals, to sell its defence and aerospace business to Tata Advanced Systems. The decision is as part of its ‘Turnaround 2.0’ plan, to take necessary steps to further its defence business by leveraging the scale… Continue reading Tata Motors to sell defence and aerospace business to Tata Advanced Systems
Opel: PSA in the trap of German co-management
They have everything to understand each other. Jörg Hofmann speaks French since he studied in Paris and his Portuguese wife attended the same high school as Carlos Tavares in Lisbon. And yet, the current is electric between the president of the German union IG Metall and the boss of PSA, which he blames for wanting… Continue reading Opel: PSA in the trap of German co-management