MAUMEE, Ohio, March 9, 2018 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today that it has signed definitive agreements to combine with the Driveline division of GKN plc (LON: GKN) to create Dana plc, a global leader in driveline systems. The total consideration is composed of $1.6 billion in cash proceeds to GKN plc, the assumption… Continue reading Dana Announces Agreement to Combine with GKN’s Driveline Division
Tag: Strategy
Audi advances e-fuels technology: new “e-benzin” fuel being tested
Audi is convinced of the potential of the fuels e-gas, “e-benzin” (e-gasoline) and e-diesel and is continuing to pursue its e-fuels strategy. In the case of synthetic Audi “e-benzin” (e-gasoline), the Ingolstadt company has now achieved an important intermediate goal. Together with their development partners, they have for the first time produced a sufficient quantity… Continue reading Audi advances e-fuels technology: new “e-benzin” fuel being tested
Grab Unveils Southeast Asia’s First Bike-Sharing Marketplace App
Singapore, 9 March 2018 – Grab, the leading on-demand transportation and mobile payments platform in Southeast Asia, today unveiled GrabCycle Beta, a marketplace app that will bring mobility partners oBike, GBikes, Anywheel and Popscoot into a single app. With GrabCycle, it’s easy for anyone to find a bike or an e-scooter whenever they need one.… Continue reading Grab Unveils Southeast Asia’s First Bike-Sharing Marketplace App
DENSO to Increase Its shareholding in Renesas Electronics Corporation
KARIYA (Japan) ― DENSO Corporation today announced that it has decided to increase its shareholding in Renesas Electronics Corporation to accelerate the development of various in-vehicle systems including automated driving systems that are becoming more advanced, complicated, and larger in scale than ever before. Renesas has cutting-edge technologies for semiconductors that serve as the key devices… Continue reading DENSO to Increase Its shareholding in Renesas Electronics Corporation
BMW Group reports eighth successive record year despite high upfront expenditure
Munich. The BMW Group once again demonstrated its ability to generate sustained profitability in 2017, posting its eighth successive record year. Despite a significant increase in upfront expenditure for future mobility the company reported its best ever figures to date for sales volume, revenues and earnings. In addition, the BMW Group delivered more than 100,000… Continue reading BMW Group reports eighth successive record year despite high upfront expenditure
Committed to electric mobility in China: Daimler becomes shareholder of BJEV
Expanding its strategic footprint in the field of New Energy Vehicles (NEV) in China, Daimler acquires a 3.93% stake in Beijing Electric Vehicle Co., Ltd. (BJEV), a BAIC Group subsidiary Hubertus Troska: “The investment in BJEV marks yet another milestone in the strong cooperation between Daimler and BAIC, and it underlines our commitment to the… Continue reading Committed to electric mobility in China: Daimler becomes shareholder of BJEV
Strong Growth and Excellent Financial Position
Targets surpassed – Continental enjoyed strong growth and profitability in fiscal 2017 Sales were up 8.5 percent at €44 billion with an adjusted EBIT margin of 10.9 percent Net income increased to €3 billion and earnings up to €14.92 per share Executive Board to propose a dividend increase of 25 cents to €4.50 per share… Continue reading Strong Growth and Excellent Financial Position
Continental and CITC Establish Joint Venture for Production of 48-Volt Battery Systems
New joint venture expected to begin operations in mid-2018 and operate worldwide from China Continental to hold 60 percent of the shares, 40 percent with Chinese automotive supplier CITC, whose subsidiary CALB develops and produces battery cells CEO Dr. Degenhart: “In the fast-growing 48-volt mild hybrid market, Continental will soon be able to offer a… Continue reading Continental and CITC Establish Joint Venture for Production of 48-Volt Battery Systems
Tata Motors plans to complete new product portfolio by 2023-24: CEO
GENEVA:Tata Motors plans to completely overhaul its passenger vehicle portfolio over the next five years as part of its plans to grow sales volume and market share in the highly competitive Indian market, the company’s top executive said today. Speaking to PTI on the sidelines of Geneva Motor Show here, Tata Motors CEO and MD… Continue reading Tata Motors plans to complete new product portfolio by 2023-24: CEO
#Genevamotorshow2018 – 1.3 TCe: a new petrol engine co-developed as part of the collaboration between the Alliance and Daimler
Friday 02 March 2018 by Sabrina Houacine – Cars Sabrina Houacine Share on Twitter Share on Facebook Share on LinkedIn Share on Pinterest The result of a successful collaboration between the Alliance and Daimler, the 1.3 TCe is a key new petrol engine for Groupe Renault. Making its debut in the Renault range on Scénic… Continue reading #Genevamotorshow2018 – 1.3 TCe: a new petrol engine co-developed as part of the collaboration between the Alliance and Daimler