Tag: M and A

(LEAD) Elliott holds over $1 bln stake in Hyundai Motor Group affiliates

(ATTN: ADDS Hyundai’s response in 4th para) SEOUL, April 4 (Yonhap) — Elliott Advisors Ltd., a unit of U.S. activist hedge fund Elliott Management Corp., said Wednesday it has acquired more than US$1 billion worth of stocks in three major affiliates of Hyundai Motor Group, and asked for more efforts to improve corporate governance by… Continue reading (LEAD) Elliott holds over $1 bln stake in Hyundai Motor Group affiliates

JUMP Bikes weighing Uber $100m+ acquisition, investment offers

JUMP Bikes, the on-demand biking service that integrates with Uber, has been weighing both acquisition and investment offers. A decision has not yet been reached, but right now possible options include a sale to Uber at a price that exceeds $100 million, or a venture investment round, multiple sources tell TechCrunch. One of the possible… Continue reading JUMP Bikes weighing Uber $100m+ acquisition, investment offers

Tesla: Our Model 3 electric-car production line may beat Henry Ford's

CLOSE Elon Musk success with the Falcon Heavy reusable rocket, with a Tesla Roadster heading toward out to space, reveals his grand plan for colonizing Mars. USA TODAY Tesla CEO Elon Musk. (Photo: PETER PARKS, AFP/Getty Images) Facing scrutiny over its manufacturing capability, Tesla said Tuesday that production of its Model 3 electric car is… Continue reading Tesla: Our Model 3 electric-car production line may beat Henry Ford's

What is next in the world of ride-hailing?

What is next in the world of ride-hailing? Welcome to our weekly news highlights, the place where you‘ll find the most important information in the urban mobility space. Follow us to keep updated, we post every Tuesday! Here is what happened last week: Follow up story: Uber sells its Southeast Asian operations to Grab With a 27.5%… Continue reading What is next in the world of ride-hailing?

GM partner's self-driving car gets a ticket from San Francisco cop

CLOSE Ford Motor Co. is making Miami-Dade County its new test bed for self-driving vehicles. Ford Cruise Automation self-driving test vehicle navigates the urban streets of San Francisco, CA. (Photo: Karl Nielsen for Cruise Automation) It sounds like the setup for a joke: A self-driving car got a ticket last week in San Francisco, KPIX-TV… Continue reading GM partner's self-driving car gets a ticket from San Francisco cop

Another Chinese EV Maker Raises Massive Funding Round At Unicorn Valuation

Another Chinese electric vehicle maker has raised a massive funding round at unicorn valuation, making China the top country by far in producing electric vehicle (EV) unicorns. China is now the only country with EV manufacturing start-ups with valuations of US$1 billion or more. Moreover, China has six EV unicorns with combined valuation of nearly… Continue reading Another Chinese EV Maker Raises Massive Funding Round At Unicorn Valuation

WiBLE, the ‘car sharing’ of Kia and Repsol in Madrid, will have 500 units of the Niro plug-in hybrid

Posted 03/04/2018 11: 43: 40CET MADRID, 3 Apr (EUROPA PRESS) – WiBLE, the new car sharing company of Kia and Repsol that will operate in Madrid, will have a fleet of 500 units of the Niro plug-in hybrid, a crossover with more than 50 kilometers of electric autonomy, the company said in a statement. The… Continue reading WiBLE, the ‘car sharing’ of Kia and Repsol in Madrid, will have 500 units of the Niro plug-in hybrid

Continental and Osram Sign Joint Venture Contract

Joint venture involving around 1,500 employees scheduled to start in the second half of 2018 once the necessary approvals have been obtained Both partners have a stake of 50 percent Sales target in mid-triple-digit-million-euro range CEO from Osram, CFO from Continental Regensburg, Munich, April 03, 2018. The technology companies Continental and Osram have successfully concluded… Continue reading Continental and Osram Sign Joint Venture Contract

Grab boss: ‘Zero issues’ with Uber deal in South East Asia

The chief executive of ride-sharing firm Grab says he is confident regulators will not derail his plan to buy Uber’s South East Asian operations. Anthony Tan told the BBC he saw “zero issues” on how the deal was done. South East Asia’s most popular ride-hailing firm said last week it would buy its rival’s regional… Continue reading Grab boss: ‘Zero issues’ with Uber deal in South East Asia