@Geely-Volvo: Volvo Cars refinances SEK5 billion of existing preference shares

Volvo Cars has issued SEK5 billion worth of convertible preference shares to a group of Swedish institutional investors, comprising Swedish pension fund AMF and Swedish insurance and pension savings group Folksam.   The preference shares may be repurchased or converted into common shares of Volvo Car AB. No further details on the terms of sale… Continue reading @Geely-Volvo: Volvo Cars refinances SEK5 billion of existing preference shares

Volvo Cars refinances $500 million worth of preference shares with Swedish investors

FILE PHOTO: A Volvo S60 is displayed during the inauguration of Volvo Cars first U.S. production plant in Ridgeville, South Carolina, U.S., June 20, 2018. REUTERS/Randall Hill/File Photo STOCKHOLM (Reuters) – Chinese-owned Volvo Cars said on Monday it had sold 5 billion Swedish crowns ($519 million) of convertible preference shares to a group of Swedish… Continue reading Volvo Cars refinances $500 million worth of preference shares with Swedish investors

@Daimler: BMW Group and Daimler Mobility AG pave the way for profitable growth at mobility joint ventures

Dynamic growth in joint ventures’ mobility services: nearly 90 million customers – up 44 percent since start of 2019 New umbrella organisation supports efficient steering and focusing of activities FREE NOW increases gross merchandise value (run rate) / platform revenues significantly to reach new record of more than two billion euros  Munich/Stuttgart – Following the… Continue reading @Daimler: BMW Group and Daimler Mobility AG pave the way for profitable growth at mobility joint ventures

@BMW: BMW Group and Daimler Mobility AG pave the way for profitable growth at mobility joint ventures

Munich/Stuttgart – Following the successful launch of the YOUR NOW joint ventures in February 2019, the companies are maintaining their dynamic growth course: Almost 90 million people currently use the joint ventures’ mobility services for car-sharing, ride-hailing, parking, charging and multimodal platforms, which are offered in over 1,300 cities worldwide. The shareholders are now setting… Continue reading @BMW: BMW Group and Daimler Mobility AG pave the way for profitable growth at mobility joint ventures

Dana Incorporated President and CEO James K. Kamsickas Assumes Additional Role of Board Chairman

The board also voted to expand its membership to nine directors and enhance its technology acumen by adding Bridget E. Karlin, chief technology officer and vice president of IBM global technology services. Speaking on behalf of the board of directors, Mr. Wandell said: “In the four-plus years that Jim Kamsickas has led Dana, the company… Continue reading Dana Incorporated President and CEO James K. Kamsickas Assumes Additional Role of Board Chairman

OCTO acquires Nebula Systems, reinforces its leadership in intelligent vehicle diagnostics

OCTO Telematics, a provider in transforming an IoT Big Data set into actionable intelligence, has acquired the entire share capital of Nebula Systems Ltd. Nebula specializes in the development of advanced cloud technologies for the automotive and connected car industries. This means that its proprietary technologies are now available to make vehicle systems and data… Continue reading OCTO acquires Nebula Systems, reinforces its leadership in intelligent vehicle diagnostics

Sono Motors Introduces Community Profit Sharing

Founders transfer profit shares to existing supporters and future reservation holders. Munich, December 16, 2019 – The german mobility provider Sono Motors today announced that the German Federal Financial Supervisory Authority (BaFin) has positively completed its review of the company’s Community Participation Program. As a result, in addition to the existing reservation holders of a Sion,… Continue reading Sono Motors Introduces Community Profit Sharing

VW will roll out self-driving electric shuttles in Qatar’s capital

Sponsored Links Volkswagen If you visit Qatar in the next few years, you might find yourself riding in a driverless vehicle. Volkswagen and Qatar have struck a deal that will bring self-driving electric vehicles to the public transportation network in the capital city of Doha before the end of 2022. A total of 35 autonomous… Continue reading VW will roll out self-driving electric shuttles in Qatar’s capital

@VW Group: ‘Project Qatar Mobility’: Self-driving shuttles set to take Doha’s local public transport to the next level in 2022

For the first time ever a cutting-edge fleet of self-driving Level 4 electric shuttles will usher in a new era of urban mobility in a capital city in 2022: Earlier today in Doha, representatives of Volkswagen AG and the Qatar Investment Authority (QIA) signed the ‘Project Qatar Mobility’. The goal is to develop a ground-breaking… Continue reading @VW Group: ‘Project Qatar Mobility’: Self-driving shuttles set to take Doha’s local public transport to the next level in 2022

VW plans autonomous e-bus fleet for World Cup

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