RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News: Today, Groupe PSA (Paris:UG) and Naza Corporation Holdings announced the signing of a share sale agreement and a joint venture agreement, officially establishing shared operation of the Naza Automotive Manufacturing (NAM) plant in Gurun, Kedah, as the first manufacturing hub in ASEAN for Groupe PSA. In attendance to witness, the event… Continue reading Naza Corporation Holdings and Groupe PSA Establish a Shared Manufacturing Hub In ASEAN
Tag: Strategy
UPDATE 1-Germany could impose limited diesel car bans in strategy shift
BERLIN (Reuters) – Germany’s government, which has steadfastly opposed barring heavily-polluting diesel cars from cities, is working on changes to allow driving bans on certain routes on an emergency basis, documents seen by Reuters showed. Junior transport minister Norbert Barthle, a conservative, disclosed the shift in a reply to a parliamentary question by the Greens… Continue reading UPDATE 1-Germany could impose limited diesel car bans in strategy shift
New shareholder
Daimler AG confirms that the entrepreneur Li Shufu has acquired 9.69% (103,619,340 shares) of the company. Daimler is pleased to announce that with Li Shufu it could win another long-term orientated shareholder, which is convinced by Daimler’s innovation strength, the strategy and the future potential. Daimler knows and appreciates Li Shufu as an especially knowledgeable… Continue reading New shareholder
Geely says won’t buy more Daimler shares ‘for the time being’
FRANKFURT, Feb 24 (Reuters) – China’s Zhejiang Geely Holding does not plan to buy more Daimler shares “for the time being,” it said on Saturday, after its chairman Li Shufu disclosed he had a 9.69 percent stake in the German carmaker. ”Daimler is an outstanding company with a first-class management. It will be an honour… Continue reading Geely says won’t buy more Daimler shares ‘for the time being’
UPDATE 3-Geely chairman builds $9 bln stake in Germany’s Daimler
BEIJING/FRANKFURT (Reuters) – The chairman of Chinese carmaker Geely has built up a 9.69 percent stake in Mercedes-Benz owner Daimler, filings showed on Friday, an aggressive move designed to open the door for an industrial alliance between the two carmakers. Two sources familiar with the thinking of Li Shufu said his move to accumulate the… Continue reading UPDATE 3-Geely chairman builds $9 bln stake in Germany’s Daimler
Datsun expands its African footprint to Zimbabwe
Datsun will introduce in Zimbabwe the Datsun GO, GO+ as well as the Datsun GO+ PV HARARE, Zimbabwe – Datsun has announced that it’s expanding its footprint on the African continent with the launch of the Datsun range in Zimbabwe. Datsun will introduce in Zimbabwe the Datsun GO, GO+ as well as the Datsun GO+… Continue reading Datsun expands its African footprint to Zimbabwe
Ford shifts more execs as demand for a plan grows
Kumar Galhotra (Photo: Ford Motor Co.) The latest executive shift within Ford Motor Co. came Thursday as industry experts and Wall Street wait for the Blue Oval to prove it has a plan to drive growth and fund an uncertain future — and whether the right team is in place to execute that plan. Ford… Continue reading Ford shifts more execs as demand for a plan grows
Daimler Dodges the Robo-Taxi Storm
Over the past three years, Daimler AG has surpassed BMW AG and Volkswagen AG’s Audi to seize the crown of world’s largest luxury carmaker. Daimler der König CEO Dieter Zetsche has helped make Daimler the world’s biggest luxury carmaker Source: Company filings But CEO Dieter Zetsche has one distinct disadvantage to his German peers: the… Continue reading Daimler Dodges the Robo-Taxi Storm
SmartShift and Porter Announce their Intent to Merge
SmartShift and Porter Announce their Intent to Merge Mahindra to invest a further amount of Rs 65 crore in the two entities Merged entity to optimise greater operational efficiency To result in a Pan India reach in the growing shared mobility space Mumbai, February 23rd, 2018: SmartShift by Mahindra, part of the USD 19 billion… Continue reading SmartShift and Porter Announce their Intent to Merge
Systematic implementation of the strategy is paying off – record earnings for the Volkswagen Group in 2017
News Press Release News Group Wolfsburg, 23 February 2018 Systematic implementation of the strategy is paying off – record earnings for the Volkswagen Group in 2017 The Volkswagen Group brought fiscal year 2017 to a successful conclusion, generating significantly higher sales revenue than in the year before. The Group also improved nearly all of its… Continue reading Systematic implementation of the strategy is paying off – record earnings for the Volkswagen Group in 2017