Tag: M and A

Daimler and VW against Prevent: The wrong strategy of the German car industry

All articles and backgrounds 04/11/2018 Daimler and VW v Prevent The wrong strategy of the German car industry A guest commentary by Stefan Randak Volkswagen and Daimler in a clinch with Prevent: The increasingly open conflict between suppliers and car manufacturers is also affecting manufacturers The dispute between VW and Daimler and the supplier Prevent… Continue reading Daimler and VW against Prevent: The wrong strategy of the German car industry

Waymo takes a page out of Google’s Android Playbook

Waymo seems to be banking on confronting the automotive industry with the same challenge. By Alex Webb When Google set out to tackle the smartphone market with its Android operating system, it picked off the more vulnerable subscale brands with little software expertise. Within three years, those phone makers had surged up the sales charts… Continue reading Waymo takes a page out of Google’s Android Playbook

Lyft is considering entering Japan’s challenging ride-hailing market for some reason

Lyft, Uber’s chief nemesis in the U.S., is thinking of entering the fiercely competitive Japanese ride-hailing space, according to comments from one of its founders. “We would love to be in Japan, and we also will be looking at that possibility,” John Zimmer, Lyft co-founder and president, said at the New Economy Summit 2018 in Tokyo.… Continue reading Lyft is considering entering Japan’s challenging ride-hailing market for some reason

Insurance giant Allianz confirms $35M investment in Asian ride-sharing unicorn Go-Jek

German insurance giant Allianz is following Google and Tencent by backing Go-Jek, the Indonesia-based ride-hailing and local services company valued at over $4.5 billion, after it announced an investment. The money comes from Allianz X, the firm’s digital investment arm, which confirmed it put in $35 million in what is its first deal in Southeast Asia. The… Continue reading Insurance giant Allianz confirms $35M investment in Asian ride-sharing unicorn Go-Jek

Singapore taxi firm ComfortDelGro to acquire AZ Bus charter assets for $10.25m

April 11, 2018 Singapore’s largest taxi operator ComfortDelGro has announced that it will acquire the private bus chartering assets of AZ Bus Pte Ltd for $10.25 million as it seeks to consolidate its position in the industry. In a statement, ComfortDelGro said, the acquisition will be conducted by its bus operation arm ComfortDelGro Bus Pte Ltd.… Continue reading Singapore taxi firm ComfortDelGro to acquire AZ Bus charter assets for $10.25m

Global markets rise as China’s President Xi vows to cut auto tariffs

Global markets reacted positively to conciliatory moves from China on Tuesday, after President Xi Jinping promised to cut automotive tariffs this year. China’s leader also promised to improve intellectual property protection and raise foreign ownership limits within the auto sector “as soon as possible.” Asian shares closed higher, while US stock futures and the dollar… Continue reading Global markets rise as China’s President Xi vows to cut auto tariffs

Bosch Disbands Internal Battery Cell Research, Will Sell Solid-State Startup Seeo

But this is not the way to go for Bosch. Seeo is to be sold, while the Lithium Energy and Power GmbH & Co. KG (LEAP) joint venture dissolved. Bosch’s reasoning is too high economic risks as initial investment alone would be some 20 billion euros to build a 200 GWh production facility for some… Continue reading Bosch Disbands Internal Battery Cell Research, Will Sell Solid-State Startup Seeo

Ally and Fair Announce Strategic Alliance

DETROIT, April 10, 2018 /PRNewswire/ — Ally Financial Inc. and Fair today announced a strategic relationship in which Fair will use Ally’s SmartAuction as a remarketing solution for its returned cars, and offer consumers flexible car financing powered by Ally’s Clearlane program. Under the agreement, vehicles returned to Fair as a result of a customer exiting… Continue reading Ally and Fair Announce Strategic Alliance