Volkswagen founds company for mobility solutions in Rwanda: Thomas Schäfer, CEO of the Volkswagen Group South Africa, and Claire Akamanzi, CEO of the Rwanda Development Board, at today’s press briefing in Kigali. Volkswagen is taking the next step to develop the African sub-continent: as planned, the brand has founded “Volkswagen Mobility Solutions Rwanda”, a company… Continue reading New market potentials in Africa – Volkswagen founds company for mobility solutions in Rwanda
Tag: Strategy
Google, Temasek to join as new investors in Go-Jek’s $1.2b funding round
January 18, 2018 Alphabet Inc’s Google , Singapore state investor Temasek Holdings Pte Ltd and Chinese online platform Meituan-Dianping are investing in a fundraising round of Indonesian ride-hailing start-up Go-Jek, sources familiar with the matter said. Go-Jek’s existing investors such as global private equity firms KKR & Co LP and Warburg Pincus LLC are also… Continue reading Google, Temasek to join as new investors in Go-Jek’s $1.2b funding round
Millers Oils Ltd acquires Fuel Additive Science Technologies Ltd
Millers Oils Ltd has announced the acquisition of Fuel Additive Science Technologies Ltd (FAST). By acquiring FAST, Millers Oils – the independent blender and supplier of advanced oils, lubricants and fuel treatments – will also take ownership of the established Exocet brand, a range of fuel additives and treatments used in a wide range of… Continue reading Millers Oils Ltd acquires Fuel Additive Science Technologies Ltd
Lucie Vigier Appointed Head of Corporate Finance and Treasury
With effect from February 1st 2018, Lucie Vigier is appointed Head of Corporate Finance and Treasury. She will report to Jean Baptiste de Chatillon, CFO and Member of the Managing Board. Lucie Vigier joined the Groupe PSA in 1990 and was previously appointed Head of Corporate finance in 2012, with remarkable achievements. She contributed to… Continue reading Lucie Vigier Appointed Head of Corporate Finance and Treasury
PSA shows (strong) ambitions in the electric
For PSA, the future will be electric. Strong results in 2017, The Lion brand announced Wednesday that it would propose by 2025 an electric version of its entire range of vehicles, to continue to position itself in a buoyant segment. Speaking at the Automotive News World Congress in Detroit, Carlos Tavares assured that by 2025… Continue reading PSA shows (strong) ambitions in the electric
UPDATE 2-Peugeot CEO outlines ambitious plan to re-enter U.S., go electric
DETROIT (Reuters) – Peugeot SA (PEUP.PA) Chief Executive Carlos Tavares said on Wednesday the French automaker is using the know-how of former Opel engineers acquired from General Motors Co (GM.N) to develop vehicles to re-enter the U.S. market, and said Peugeot will offer electrification as an option on all its vehicles by 2025. Tavares used… Continue reading UPDATE 2-Peugeot CEO outlines ambitious plan to re-enter U.S., go electric
Hyundai Motor Group to Invest $21.6 Billion into New Businesses for Next 5 Years
Hyundai Motor Group is planning to invest $21.6 billion (23 trillion KRW) into five new businesses such as robot, AI (Artificial Intelligence), Smart Car and others for the next five years and this is the first time when Hyundai Motor Company made its plan to commercialize robot and AI fields official. South Korean Government is… Continue reading Hyundai Motor Group to Invest $21.6 Billion into New Businesses for Next 5 Years
Big portion of future GM electric vehicles for China market -exec
DETROIT, Jan 17 (Reuters) – General Motors Co’s China unit will sell a “substantial portion” of the automaker’s future electric vehicles, GM China President Matt Tsien said on Wednesday. In a briefing at GM headquarters, Tsien said, “China is at the heart of our electrification strategy.” Tsien did not say which GM brands would sell… Continue reading Big portion of future GM electric vehicles for China market -exec
Ghosn lays groundwork for withdrawal as Renault CEO
PARIS (Reuters) – Renault-Nissan (RENA.PA)(7201.T) is to pursue plans to create separate strategy and operations leadership roles, Renault CEO Carlos Ghosn said on Wednesday in a sign he may pull back as boss of the French carmaker. Ghosn, who heads of the Renault-Nissan alliance that also includes Mitsubishi Motors (7211.T), had already stepped back from… Continue reading Ghosn lays groundwork for withdrawal as Renault CEO
Ghosn Hints He May Leave CEO Role at French Carmaker Renault
Carlos Ghosn opened the door to stepping down as chief executive officer of Renault SA, as the longtime car-industry boss focuses on the Franco-Japanese alliance he built with Nissan Motor Co. and Mitsubishi Motors Corp. Ghosn, who handed over the CEO reins at Nissan last year, retains leadership posts at all three manufacturers while heading… Continue reading Ghosn Hints He May Leave CEO Role at French Carmaker Renault