A year after the announcement of Opel’s purchase of General Motors by PSA, the French group’s management is negotiating with the works council of its new German subsidiary. Its goal is to reduce costs and bring the brand back to the brink. A risky gamble after years of accumulated deficit under the GM era. Discussions… Continue reading Opel: IG Metall warning to Tavares
Tag: Strategy
Groupe PSA Will Assemble OPEL and PEUGEOT Vehicles in Namibia in 2018
RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News: Groupe PSA (Paris:UG) and the Namibian government have signed an investment agreement facilitating the joint-venture agreement between Groupe PSA and Namibia Development Corporation (NDC) to assemble OPEL and PEUGEOT vehicles in Walvis Bay. Assembly will start in H2 2018 with an annual targeted volume of 5,000 units by 2020 to meet… Continue reading Groupe PSA Will Assemble OPEL and PEUGEOT Vehicles in Namibia in 2018
Update: Bird has raised $100 million to become the Uber of electric scooters
Update: Bird confirmed our reporting with an announcement of the close of the round. Index Ventures and Valor Ventures led the funding. “It feels like investing in Uber when it first launched.” That’s what one investor said of the hot new Santa Monica, Calif.-based startup, Bird — an electric scooter company that’s now in the… Continue reading Update: Bird has raised $100 million to become the Uber of electric scooters
GKN Seals $6.1 Billion Dana Autos Deal to Fend Off Melrose
U.K. engineer GKN Plc agreed to sell its automotive unit to U.S.-based Dana Inc. in a $6.1 billion transaction aimed at repelling a hostile takeover from investment group Melrose Industries Plc. GKN shareholders would get stock in the new group valued at $3.5 billion, plus $1.6 billion of cash, and Dana would assume $1 billion… Continue reading GKN Seals $6.1 Billion Dana Autos Deal to Fend Off Melrose
Aston Martin’s Mid-Engine Car Will Likely Have a Bespoke Engine, Might Have Manual Gearbox
Aston Martin CEO Andy Palmer is one of the good ones. He’s not just another talking head spouting the company line in rehearsed statements. He says more of substance than most CEOs, and he’s intensely interesting and opinionated. He also doesn’t hold back when it comes to information on the future of where the brand… Continue reading Aston Martin’s Mid-Engine Car Will Likely Have a Bespoke Engine, Might Have Manual Gearbox
Bird is raising $100 million to become the Uber of electric scooters
“It feels like investing in Uber when it first launched.” That’s what one investor said of the hot new Santa Monica, Calif.-based startup, Bird — an electric scooter company that’s now in the process of raising as much as $100 million on a $300 million valuation, according to several people with knowledge of the company’s… Continue reading Bird is raising $100 million to become the Uber of electric scooters
Eight out of 10 Latin Americans open to buying an electric vehicle
SAO PAULO – Eight out of 10 Latin Americans are willing to buy an electric vehicle, according to a study commissioned by Nissan. With the proper measures, Latin America has opportunities to speed up the adoption of electric and autonomous vehicles, according to the study by C230, a consultant branch of the think tank Fundacion… Continue reading Eight out of 10 Latin Americans open to buying an electric vehicle
McLaren BP23 ‘Hyper-GT’ will be the fastest McLaren ever produced
Alongside the Senna GTR, McLaren used the Geneva Motor Show to reveal that the forthcoming three-seat ‘Hyper-GT’ will be the fastest car the brand has ever produced. It’s said to be capable of exceeding 243mph, which is faster than the once record-breaking McLaren F1 of the nineties. We are yet to see the new model,… Continue reading McLaren BP23 ‘Hyper-GT’ will be the fastest McLaren ever produced
Dana Announces Agreement to Combine with GKN’s Driveline Division
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
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